Most traders fail because they make common mistakes like:

Bad risk management: They take big risks or don’t use stop-losses, which can cause huge losses.

No clear plan: They trade without a proper system or strategy and just guess.

Letting emotions control them: Fear, greed, and frustration lead to poor decisions.

Not enough knowledge: They don’t fully understand the market and treat it like gambling.

Trading too much: They make too many trades, often without good reasons, which leads to more mistakes.

Expecting quick money: They believe they’ll get rich fast, and get disappointed when that doesn’t happen.

Lack of discipline: They don’t stick to their rules or keep learning from their trades.

To succeed, traders need to be patient, learn constantly, manage risks, follow a solid plan, and treat trading like a serious business—not a shortcut to quick wealth.