Why do almost all Forex traders fail

[TalonD]

I do have a tendency to get scatterd in different directions, a fault, but I recognize it and get past it.
That’s a good point for all us noobs to keep in mind.

[jgray110]

You’ll see why 95% of traders fail if you deliberately chase the market in Demo, worse in Live, use 1m or 5m to speed up the observation, make the bid-ask visible, Buy and it reverses, close buy position and Sell, it reverses, close and Buy, it reverses, and on and on. Here’s another one, place the mouse on Buy or Sell button, and observe the tick data reaction, it usually freezes, pulls back, reverses, and changes color next bar. Here’s another one, go to FreeStockCharts and make a settings comparison of any two or three different things, All the markets move together correlated, futures, stocks, forex, funds, indexes, options, etfs. It’s probably a centralized computer programmed to counter trades.

[hongru]

Justified。

[perryfx]

Would like to add,

• Listening to others and not following the market
• Greed & Fear
• Revenge Trading
• Not taking enough time to learn

More over Get Rich Quick Mind.

[perryfx]

You’ll see why 95% of traders fail if you deliberately chase the market in Demo, worse in Live, use 1m or 5m to speed up the observation, make the bid-ask visible, Buy and it reverses, close buy position and Sell, it reverses, close and Buy, it reverses, and on and on. Here’s another one, place the mouse on Buy or Sell button, and observe the tick data reaction, it usually freezes, pulls back, reverses, and changes color next bar. Here’s another one, go to FreeStockCharts and make a settings comparison of any two or three different things, All the markets move together correlated, futures, stocks, forex, funds, indexes, options, etfs. It’s probably a centralized computer programmed to counter trades.

Nice thought. Agreed