Why do 90% of traders lose?
Could you please explain why the majority of traders, approximately 90%, end up losing in the cryptocurrency and finance markets? Is it due to a lack of knowledge or experience? Are they influenced by emotional decisions or market manipulations? What strategies should traders adopt to avoid these pitfalls and increase their chances of success? Is it possible to turn this trend around and become part of the successful minority? Thank you for shedding light on this intriguing question.
Why do 95% of traders lose?
Could you please explain, in your professional opinion, why the vast majority of traders, approximately 95% of them, end up losing? Is it due to a lack of knowledge or inadequate skills? Or could it be a result of overtrading, emotional trading, or perhaps poor risk management? I'm particularly interested in understanding the psychological factors that might contribute to these losses. How can traders overcome these challenges and increase their chances of success in the cryptocurrency and finance markets? Your insights would be greatly appreciated.