Imo, forex losses hurt the most when a trader trades with the money which is important for him. Under the influence of greed they make such trades which sometimes leads to losses.
Greedy is the most reason for losing trades, the market is full of uncertainty, while greed relies upon luck and it never comes all the time.
Most traders fail because they don't bother to learn the basic fundamentals. There are other reasons but that is the main one.
There is so many reason behind failure in trading. Lack of knowledge and experience. Greedy and or overtrading Lack of discipline in trading rules or tend to reckless in decision making Fear of missing out. Dynamic market fluctuation has its own risk of volatility Etc. Just one small Positive thought in the Morning How to control Excitement and Anger Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum
Traders could fail due to various reasons. Lack of discipline, poor trading psychology, and no workable trading strategy are some of top reasons why traders fail. Newcomers are eager to make money without acquiring any skills. They undermine risk in the market and end up failing.