Generally, 95% of forex traders fail because of factors as follows:
Mistake 1 - They don’t listen to the market.
Mistake 2 – No proper risk management plan
Mistake 3 - Unrealistic expectations.
Mistake 4 - They'd rather be right than make money.
Mistake 5 – lack of education/knowledge
To conclude,
Success in forex trading comes down to listening to the market, having a proper risk management plan and following it, setting realistic expectations, being open to accepting your losing trades and having the correct education and knowledge behind you.
Mistake 1 - They don’t listen to the market.
Mistake 2 – No proper risk management plan
Mistake 3 - Unrealistic expectations.
Mistake 4 - They'd rather be right than make money.
Mistake 5 – lack of education/knowledge
To conclude,
Success in forex trading comes down to listening to the market, having a proper risk management plan and following it, setting realistic expectations, being open to accepting your losing trades and having the correct education and knowledge behind you.