Why did 95% of traders fail and lose money?

[madison]

Almost all traders know about the widely published statistic that "95% of traders lose money". And as you dig deeper, you'll find research implies that this number is likely to be even higher. This work brings an astounding number of traders with ambition

So why are so many smart people engaged in a career with such an extremely high failure rate?

[Danus]

Almost all traders know about the widely published statistic that "95% of traders lose money". And as you dig deeper, you'll find research implies that this number is likely to be even higher. This work brings an astounding number of traders with ambition

So why are so many smart people engaged in a career with such an extremely high failure rate?

It really is. I think that exchanges partially deceive traders. And the traders themselves are to blame. It is necessary to observe discipline. Watch your greed. Then the transactions will be profitable at 60% of the amount

[Felsa]

95% is really big numbers, but they are presented here no matter how you put it, I mean all that risks anyway. See my point ? It's all not worth it totally and completely. Forex is risky and not that stable business anyway. So let's deal with that.

[Aulore]

If you really do have some experience with that topic anyway you can seriously do something serious like close to 30% success rate over time trading with various pairs, brokers and strategies along with signals. But not many people want to do this.

[Pififop]

The statistics are sad, but I think that not all traders strive for success. The fact is that for someone, trading is just a hobby or an extra income, and they do not seek to turn it into their business.

[Bobcrypto]

Every trader actually strive for success, nobody venture into any business for failure. Remember, business generally is a pool of risk, and so, there is certainly a profit and lost senero at certain times. As per the 95% claim, i dont think that 95% of traders incur loses, that percentage is overated. There are loses in crypto but i think that traders loses is less than 95% of general trading.