US Update: Why Do Most Forex Traders Lose Money?

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Statistically speaking, trading the Forex market with a 1:1 risk reward ratio and no strategy or trading edge has a 50% chance of success (minus fees) over a long series of trades.

Thus, most traders should approximately breakeven over the long run because trading with a (truly) random entry and a 1:1 risk reward is analogous to a random coin toss.

Why do most Forex traders lose money then?

What human variables contribute to the success rate being much lower than breakeven for most traders?

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