When traders don’t take the forex market seriously, the market doesn’t take them seriously in return. You can’t just place any trade and expect it to make money for you. There’s a process that you need to follow and a lot of hard work that you need to do if you don’t want to come in the category of losing traders.
Without being able to see every trader's account summary or being able to get an honest answer from every single trader about their losses, there is no "exact percentage," so all of your trade decisions would be based off inaccurate data anyway. The market is not a meritocracy, there is no "getting what you deserve," whether it's 50% or 90% losing, it's not useful data on a given trade. If you follow momentum, you'll know when the dumb money is in or out, which is enough to strategize with. The market is never fair, the market doesn't care. We're all here to take each other's money. It's take or be taken, that's the reality. Darwin's Law. Happy trading!
It’s surely a must to give importance to basic learning. But it’s even more important to be able to apply it correctly in the market. This might seem like a challenge if you don’t practice well. This will either make you open trading positions in all trades or you won’t open trading positions at all and make you a losing trader.
Emotion decisions lead to facing failure, this needs patience indeed, and without patience will be hard to get earning, the forex market is very wild, but traders can catch opportunities when they know the time to fight, hide and catch.
this is very common human nature and no way to stop it completely. but it can be controlled of course by some major step.
Trading is very sensitive as it can even blow your whole account if you are not careful. Even a small negligence can bring losses. It may be negligence towards a trading plan, or risk management strategy, or emotional health.