Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I believe that are required to come out profitable in trading are;
* Knowledge: know the craft, know what you are doing, don't trade on assumption.
* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.
* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains
most mistakes of traders are;
* Thinking it's a get rich quick scheme or thinking that it's easy.
* Having no proper training in the craft to attain knowledge about it.
* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.
* Having no experience traders that is good in the craft to guide them.
I think there is no end to learning in trading. This is why sometimes, despite having the right knowledge and mental stability, many traders cannot succeed in trading. Although it is difficult for me to say what the main reason is, from a rough idea, it seems that at times the market is unstable, which results in trading failure. Another thing that greatly affects the psychological field is greed. Many traders have become completely destitute due to not being able to control it. Therefore, I think that if someone controls greed, analyzes their investment ability, determines their investment backup and take the right steps to reduce investment risk, they may be successful in trading.