"The Harsh Reality: Why Most Traders Fail"

In the world of trading, a stark truth prevails: 95% of traders face defeat, and I know why. Perhaps for the same reason 99% of football players never achieve fame, and 99% of businessmen face failure within their first 12 months.

It's not the fault of the traders who pen books to enlighten novices, nor the brokers who deliberately drain you to claim your funds. It's not even the fault of the significant player who manipulates your stops. It's our nature to blame—our cognitive biases.

We all underestimate circumstances and overestimate our strengths and talents. Ultimately, Sam enters the market, examines the history, and thinks, "What's so challenging about this? I would buy here and sell there—simple." Combine this with an evident overestimation of the realm, where Sam genuinely believes traders make a fortune effortlessly. And, of course, Sam's ignorance and a fundamental lack of understanding of risk management play a part. #trade