Honestly,I will say one the reason people fail in trade.they genuinely fail to Seek Mentorship and Guidance:
I advise people to Consider seeking mentorship from experienced traders or joining trading communities where you can learn from others' experiences and insights. Learning from seasoned traders can help accelerate your learning curve and avoid common pitfalls.
trading is a journey that requires dedication, discipline, and a willingness to learn from both successes and failures. By embracing the process of learning and continuous improvement, traders can increase their chances of long-term success in the financial markets.
Hmm, that's true mate!
I dearly agree with you that the reason for most people's failure in the trading department is that they have neglected mentorship. Although the basic case of trading is based on the same principle that knowledge is gained through experience, Despit if mentorship is the only way to gain experience, if not, how would people gain experience. So your point is absolutely correct that the first and basic point for trading is to be well educated and after that, to get experience, for designed experience you have to sit with those who are experts, that is, they give you the right education. They can tell you the implementation at the time, from which you can consolidate your knowledge by trying this thing.