Trading is no different than any other profession in terms of investment and knowledge required to succeed. It differs only to the extent that performance is measured real-time. Like when you open a restaurant you have to invest a lot of money, also in trading you have to make an initial investment. You have to invest in education and tools. It takes about 5 to 7 years to become proficient in this field. It is not different from learning a foreign language. Try to learn Russian and you won't be able to speak without making significant mistakes before 5 years of hard work. Now, this is the case: 95% of traders lose because the other 5% who pockets their losses has done the hard work, has made better investments and has better tools. This is no different than the fact that 9 out of 10 new restaurants fails because just one of them attracts all the customers. Its owners have done their homework and the hard work. Many people think they are smart enough to win the money of other traders by just looking at screens and charts, without having made significant investments in tools and education. This will never happen. At the end, you get out of trading in proportion of what you put into it in relation to others. The ones that work harder make the money. Thus, 95% of traders lose because on the average only 5% are willing to do the hard work and the necessary investment to win. If you lost money trading it simple means you have not done your homework and/or you have not invested in education and tools.