Why do so many traders lose money?

It is well known in the industry that many retail traders end up losing money. Many consider trading as a challenge and that one day they will crack it, even though some have suffered substantial losses already. Unfortunately it seems that male pride and over-confidence is very easy to takeover…

80% of punters/traders lose money over all.

15% make some money but not much to boast about.

5% take what remains from the 80% losers after the brokers have taken their cut.

IF you have the tenacity, some brains, and a massive capacity for sticking to your guns and never giving up then this is the BEST job in the world.