l think patient and discibline is not something that we can learn from a book .it can only develop with experiance and time.that is why forex is not a fast get rich business.so that %10 are all professionals.with skills and strong strategy.if we will survey the loosers we can easly see that most of the losser do not have a system.patient and disibline.

The main reason is over trading and quick decision in forex trading and trader should be more attentive on forex trading and then he have to work harder to see the market condition and according to it only we have to place the order.

The main reason for loss is in-discipline and wrong way of trading and if they want to make some profit then they have to be more attentive on the market.

What about knowledge? Doesn't that come into it at any stage?

Originally posted by Bee

Why 80 yo 90 percent of people fail in forex? What makes the other 10 percent people successful? Every forex trader should remember two main factors to remember.

Patience Discipline

Just by understanding these two qualities, you can become a better trader than before. Discipline in forex is very necessary. Some people do forex trading as if they are playing some fun game. Most people say that make a strategy in forex (using demo account) and if it is successful use it in real account. But those 90% percent never stick to it and they continue trying something new. If you cannot even obey your own rules and strategies and try to follow your childish innovative strategies then there is no success for you. Patience is another important factor. Most of people lack patience. I repeat the above example. Most of the traders make strategy just within 1 week or maximum within 1 month. Another big reason of failure. Traders do not have enough patience and they want to become millionaires as soon as possible. Traders are not willing to spend time on practicing forex. In the end they loose everything. Be patient and success is yours.

Even if you know very little about forex, but you have the above two qualities, you can become a successful.

because maximum Forex trader are come the Forex trading just for earn money using moneuy making machine, but they cannot know Fofex Trading is not a money making machine, i hope if any one come hare earnig experience about Forex Trading and know every rules about forex Trading hope they wre success here.

There are many reason behind this why people fail in forex one of the main reason is over trading and many trader suffer a loss and its better if we see the market condition and follow the news and then place the order.

you have great ideas here and it is really something that is nice for us to give a thought about especially being in the Forex business for quite sometime now. i guess failing has been a part of it but it really takes a lot of dedication and commitment for us to be able to really succed in whatever we do i guess its just a matter of knowing what you want and making sure that you dont stop til you reachthat goal so that you know thatbyou will never give up.

Because they see a little money in demo trading and come to real and then due to lack of experience they loose their money, i recommend first demo trade for a lot of time and then come to real.

there are many reason to fail in forex.forex is very sensitive and secure business.i think lack of experience and lack patience are main cause to fail in forex.experience plays important role during trading.for doing forex business we must need it.in other hard patience is also very important

Sugeng...Seriously?

You need to discuss things and not copy paste here. You have posted a lot of posts in this section and I think all of them r copied from other sources.