Trading (Finance): Is the trader failure rate still 80-90%?
TRADINGFEATURED
How can you become part of the very small percentage that succeeds?
Yes, it still is.
Why 90% of traders fail?
There is nothing wrong with these people. We must assume that they are holding down jobs and are well-functioning members of society.
They still fail or quit. WHY?
How can you become part of the very small percentage that succeeds?
The answer is simple.
If those that fail are normal, intelligent people, we simply need to think differently.
You need to make sure that you don't make the same mistakes as them.
Lack of knowledge
Poor risk management
Emotional decision making
Trading isn’t for the faint-hearted. If you want something you have never had, you must be willing to do something you have never done.
New traders lack experience and have limited knowledge of strategies combined with poor risk management = impulsive decisions and devastating losses.
Credit: Quora