Yeah that's right about patience thing because I have started to gain some good pips since I start to have little patience over losing trades in my own trading. I am also investing in fund managers so it makes easier to get decent profits.
I don’t believe on this statement that 98% peoples are getting loss in forex trading, no doubt it is risky and tough business but only 40-50% are facing terrible situation but rest of the people are earning huge amount, knowledge experience and better skills are the sign of success, so we should do forex with full sincerity and hard work for getting success.
It would be good if someone did any actual scientific research into the statistics of it all, then we'd have a relatively definite answer.
The fact is that the Forex markets is so large and distributed that it is really not possible to do that and know actually what is the real statistics
Yes very complex reason why trader loss and fail, the market condition itself sometime move unpredicatble and very dynamic movement, not always as trader wil able making accurate analysis, and here with greedy also as big reason why trader failLots of reasons - bad money management, time management, emotion management, lack of discipline and patience, and much more.
Yes no one can explain the actual reason of loss for traders for some low trading skill is the cause on the other hand some traders face loss due to their greed and emotions in trading .I am happy I am able to win profits from my investment.