Why 95% of Traders Fail
How not to be one of them
You always hear this statistic: “95% of traders are unprofitable”. What’s more, the figures vary: sometimes it’s 90%, sometimes 95%, sometimes even 99%.
In short, whatever the percentage, the number of traders who fail and lose money is very high, that’s for sure.
In fact, most people who try their hand at trading stop after 1 or 2 years because they feel it’s not working for them. Yet I’m convinced that if you keep at it, you can become successful.
Let’s take a look at why most traders fail, and how not to be one of them.
Trading is not a hobby
Too many people think that trading is a hobby. That all you have to do is watch a few videos, put some money in an account, and make a few percent to make ends meet. These people don’t take trading seriously and inevitably don’t succeed.
Trading is a profession like any other. That means you need a minimum of study to succeed, and above all you need time. A doctor doesn’t become a doctor in 2 months. An engineer doesn’t become an engineer in 6 months. A trader doesn’t become a trader in 1 year.
You have to spend time on it, maybe even several hours a day. And for several months/years. When you say it like that, it sounds a lot…
