I know that it has to be daunting for any new forex trader to hear this fact.  But it is true.  Most that trade, lose money.  Many of you are probably wondering why that's the case?

The reason is really simple.  No matter how good the trading system or trading robot is, the individual is responsible for the trades.

You could look at all the forex reviews in the world, but if you are not ready to trade, it's not going to mean anything.  There are plenty of great products out there, but if you are heading into the forex world with fear and greed, you are destined for failure.

I'll give you some examples of why people fail at trading forex.

You could take the greatest trader in the world, and if he/she put down in black and white what their trading system was, there would still be people who would lose a lot of many trading it.

These kind of forex systems and courses are out there and they are great, but some people are just destined to lose pips.  You have new traders who second guess systems.

Second guessing usually happens because most people are too hesitant.  If that's the case, they shouldn't be trading in the first place.

Even though they have seen the system work, whether it be through back testing or demo trading, they still feel differently once they start trading with real money.

There are countless people who would make thousands of pips trading a system on a demo.  The moment they traded in a real account, they took losses. So, what happened?  What was the reason for it?

The system didn't change, but the trader did. This is the reason why people fail. They are over thinking and their minds are working overtime.  They don't have the same calm demeanor they did when they were trading on a demo.

You can't be stressed on every single trade.

The truth is some of the best traders in the world could trade a forex system that when back tested only was right half of the time, and still make money.  It's just a question of mindset.

The same thing goes for forex robots.  Many people do well when they demo it first.  That's because they leave it alone and let the robot do what it has to do.

The moment they start trading the robot on a live account, they start opening closing their trades, instead of letting the robot do that.

It's the same exact robot that was making you pips on the demo, but now that its for real money, the trader can't trust it.

These are just some of the many reasons why forex traders fail.

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