Financial trading, especially cryptocurrency, is attractive due to its high profit potential, but in reality, 90% of traders often fail. The main reasons are not due to luck but factors such as:

⭐Lack of knowledge and skills: Many traders lack understanding of the market, capital management, and trading strategies. This leads to emotional decisions and lack of foundation.

⭐Herd mentality and FOMO: Being swept along by the crowd and the fear of missing out causes many to buy when prices have peaked, leading to losses when the market corrects.

⭐Poor risk management: Traders often use excessive leverage or fail to set stop-loss points, resulting in quick capital loss.

⭐Lack of patience and discipline: Not adhering to a plan, changing strategies when the market fluctuates, or trying to "recover" quickly are causes of continuous failure.

⭐Not understanding trading psychology: Emotions such as anxiety and greed often dominate decisions, causing traders to go against their own strategies.

⭐Lack of adaptability to the market: The market is always changing, and failing to update strategies will make traders prone to failure.

⭐Overconfidence or excessive fear: Being overly confident or fearful after losses both diminish the ability to make accurate decisions.

💰The failure of the majority of traders is not due to market factors but due to personal factors and poor management. To succeed, traders need solid knowledge, risk management skills, discipline, and a strong mindset. Patience and learning from mistakes are the keys to escaping this 90% failure.