According to the study, there are two main reasons for 90% of crypto traders consistently remaining in net losses are:
1. *Lack of proper education and understanding*:
Most traders start trading without learning the fundamentals of trading, technical analysis, and risk management. They often rely on intuition, emotions, and rumors, leading to poor decision-making.
2. *Neglect of risk management*:
Traders often fail to use essential risk management tools, such as:
- Stop-loss orders to limit losses
- Reward-to-risk ratio to evaluate trade potential
- Position sizing to manage exposure
- Diversification to spread risk
This combination of lack of knowledge and neglect of risk management leads to a high likelihood of losses in crypto trading.
So Please stricktly Follow these steps if you want to be profitable in Crypto trading