Why 95% retail traders fail in trading?

Trading Discussion
1

No Patience.
No Discipline , doing full time trading with no other steady income.
No tested strategy (atleast 6 months in demo account before doing in real live account)
No mind control (trying to recover losses immediately by not following their trade plan)
Unrealistic expectations (very greedy)
Hoping that the trade will move in their favour.

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2

Hmm. Thanks for sharing this! :blush: It’s nice to have more experienced traders here. :smiley: How long have you been trading? And among these that you’ve mentioned, which one do you think is the most common reason? :smiley:

3

Hello, almost all the factors i mentioned will cause traders to turn out to be a gambler. I am trading for almost 10 years. 8 years of losing and just 2 years worked on my strategy and now running a youtube channel and planned to launch social trading account soon. You can see my you tube channel in my profile page.

4

Oooh. :open_mouth: Okay! Maybe we’ll check that out first. :blush: I feel like it would be best if you could share more of your experiences first so that people here can somehow understand where you’re coming from and how you’re able to give these tips. :smiley:

5

Hi, I am prakash from India and other things about me is in my profile. I had lots of horrible times for the past 8 years , but finally understood only emotional control and risk reward ratio and risk management will make you a good trader. Kindly go through my youtube channel in my profile page for more details. Thanks

6

Even though the forex market is a high earning potential market, 95% of traders fail to make successful trades. I believe the main reason for this is having unrealistic expectations from the market and not considering the risks involved in trading.

7

Trading is not everyone’s cup of tea. Even a single small mistake can make you lose your trade. There may be many reasons for a trader to lose like:

  1. Not having a thoroughly back tested trading strategy
  2. Lack of good trading plan
  3. Not having a strong risk management strategy
  4. Trading using high leverage
  5. Not placing limit order accurately
  6. Not having good trading psychology
8

Most of them trade in a hurry! They are reluctant to devote time and effort in learning the concepts of trading. Instead, they look for shortcuts.

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