How do people fail at this?

More than 90% traders fail in Forex trading because of lack of knowledge and skills and they do not practice much on demo account and start and want to become rich in no time. Which is dangerous and they fall in greed and lose their money.

 

they ignore demo account , its true , but honestly speaking i dont think there is more important in the demo , because there is no emotions when trading, instead of real account is more appropriate with minor balance.

 

yep .if slippage is an issue in your strategy then there is a problem somewhere

 

A trader who trades on a real account will likely try to close the trade in profit or at break even.There are many traders who manage to make a profit while demo trading, but start losing money once they switch to a live account. No Real Consequences – Demo accounts provide a risk-free trading environment.

 

Most of the trader fail in forex because of lack of knowldge, skills, discipline and have no constration. They want to become rich quickly in forex and want to make thousands of dolors in no time so thet involved in greed and greed is the main enemy of trader and then they start losing money.

 

I would like to think that you are a natural and should pursue trading real money. Start off small and do what you do now. Good Trading to you.

ES

 

Side question: Are brokers allowed by law to look into all accounts and see who does better and look at what they did? OR are there very rigid laws around this that prevents them from looking at the database? Otherwise, I am assuming they hold a lot of power having all these trades made at their disposal to make better judgement and trade themselves by trailing their best customers. Does this happen in a hush hush way?

 

i feel, people fail due to their bad habits , generally we think some mistake causes of failing but its not true , mistake is very common issue but if you do same mistake again and again then of course you will fail.

 

There are a couple of reasons because of which traders fail like lack of knowledge, poor strategies, no risk management, no discipline,trading without a plan, emotional trading etc. So just have to find out the weak points and work on them.

 

actually i think there is no word as like weak points, its all about the bad habits , lack of discipleship is the foremost from all.