Maybe you have to be abit of a lateral thinker to be a trader
Why retail traders lose is because they donāt take the market seriously. They think it to be just another form of gambling or any other luck-based activity. If they donāt think that way, then, too, they think of it without seriousness.
Everyone wants easy and quick money in the forex market, but the forex market does not work that way. Those traders who leave forex shortly after starting trading are the ones who do not know how to trade and how the market functions. Traders equate forex with gambling, and thatās where they miscalculate everything and lose.
The big portion or the traders lose in the market due to lack of proper knowledge and understanding of the market. To win in the market it is essential to gain and improve your knowledge of the market and currencies.
There are many reasons behind the majority of retail traders losing. They either quit trading too early and donāt give themselves enough time for learning after losses. Or they keep on repeating the same mistakes again and again in their trades. Those who can identify their mistakes in time will surely be at an advantage.They are more likely to succeed and become profitable forex traders in the long run.
Lack of consistency in trading and trying to make quick profits quickly without taking the techniques into account can lead to losses.
IāM READING DONALD TRUMPāS REAL ESTATE 101 and in it I read something that became the foundation to the start of my trading career: One of his entrepreneurial principles he strongly mentions is THIS āALWAYS EDUCATE YOURSELF FULLY, KNOW THE INS AND OUTS OF THE BUSINESS YOUāRE ABOUT TO VENTURE INTO LIKE THE BACK OF YOUR HAND. FULLY IMMERSE YOURSELF IN EVERYTHING THERE IS TO KNOW, BECOME AN EXPERT, THEN YOU JUMP! " IāLL tell yāall what this looks like for me (newbies pay attention at I am a newbie myself in this but I know what Iām doing):A GREAT man(Bruce Lee once said " The successful warrior{man} is but the AVERAGE man, WITH LASER LIKE focus.ā I am the type to start many different projects and donāt seem to finish any. Iām at a point in my life where Iāve got nothing to lose, Iām going big or going home. So I decided Iām going to do this forex thing 110%. Just 2 weeks in, I joined d baby pops website, I forwarded all these discussions about Ford straight to my email inbox, instead of watching funny cat videos I force myself to watch videos about forex, I enrolled in school of pipsology(Iāll be the first in my bloodline to graduate), LOL. also I read as much of these forum discussions as I can. Also am thinking about taking up economics class on my spare time in community college. My point is, you canāt half arse this. You are playing with money, if you are not disciplined enough to do things like Iām doing, you are not going to be the 1% .I AM DETERMINED TO BE. ALSO, WHERE ELSE CAN YOU PRACTICE WITH DEMO ACCOUNTS! ! !
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@IE_Millionaire760 You might find this book interesting: āOne Good Tradeā
By Mike Bellafiore. Talks about trader requirements and trader commitment to the business within a big prop firm, SMB Capital (the real propriety firms, not the lookalikes)
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Thatās what it takes! Commitment! And less cat videos. I mean, moderation. 
Good for you!
Why 99% of Retail Day Traders Lose?
Itās because of those freaking 1% working theyāre ass off to get it, while others are all over the place looking for something to get there.
They lose because they want to earn millions from their small deposits :)). Such traders have absolutely no control over risks and their emotions, or rather, they trade only according to their emotions. They want a lot and quickly, without any experience or knowledge. Thatās why they end up losing all their money.
This is why counter-trend trading appeals so much to me.
So just do the exact opposite of everything you think you should do. You have a 99% chance of success.
Since for us to make money in this game other people have to lose money, those 99% loseing are providing a gold mine for us.
Of course, I know itās not as easy as all that. Still have to learn when to enter and where to put a stop loss and where to take profit.
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Thereās always a catch! 
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