Is that you? Top Reasons Why Many People Quit

continued from the title : (And How Some Manage to Push Through Each Obstacle)

Forex Trading attracts millions of new participants every year, yet studies and statistics consistently show that 70–90 % eventually stop trading within the first 1–3 years. Below are the real reasons that drive most people out, based on surveys, forum confessions, and long-term trader observations, followed by the practical ways some of those who survive learn to overcome each hurdle. This article is not financial advice or trading advice. Only an opinion on each issue.

1. Consistent Losses and Account Blow-Ups

Why they quit: They lose more money than they expected, often wiping out one or more accounts.

How survivors get past it

Switch from “gambling” to risk-managed trading: never risk more than 0.5–1 % of the account on a single trade.
Accept that the first 12–24 months are tuition; treat early losses as the cost of education, not failure.
Keep a detailed trading journal to identify repeating mistakes instead of just adding more money.

2. Emotional Burnout and Psychological Stress

Why they quit: Revenge trading, sleepless nights, anxiety, arguments with family, and the constant emotional roller-coaster become unbearable.

How survivors get past it

Build strict daily routines (fixed trading hours, mandatory breaks, exercise, sleep).
Use automation or alerts so they are not glued to screens 24 hours.
Develop a pre-written “worst-case” plan so emotions don’t take over when a trade goes against them.
Many take deliberate multi-week breaks after big losses to reset mentally.

3. Overwhelming Complexity and Information Overload

Why they quit: Too many indicators, strategies, news events, time-frames, and conflicting opinions on YouTube and forums.

How survivors get past it

Ruthlessly simplify: most long-term traders eventually settle on one or two setups and one time-frame they truly understand.
Stop consuming endless new content; instead, master a single methodology for 6–12 months before adding anything else.
Focus on process (execution, risk management) rather than daily P&L.

4. Unrealistic Expectations

Why they quit: They believed ads promising “$10k/month with 30 minutes a day” or thought they would be consistently profitable within weeks.

How survivors get past it

Study the actual statistics (even good retail traders often have 6–18 month drawdown periods).
Redefine success as surviving and improving, not getting rich in the first year.
Treat the first 2–3 years as an apprenticeship, exactly like learning medicine or law.

5. Lack of Edge or Proven Methodology

Why they quit: After months or years they realize they are basically guessing or following random tips.

How survivors get past it

Back-test and forward-test a specific strategy on at least 30 or hundreds trades before ever using real money.
Accept that an edge is usually tiny (51–55 % win rate with good risk/reward maybe already excellent for the situation).
Many eventually move to pure price-action or very simple rule-based systems because complex indicators failed them.

6. Life Gets in the Way

Why they quit: Full-time job, children, health issues, moving house, or simply running out of time and energy.

How survivors get past it

Switch to higher time-frames (daily or 4-hour charts) that require only 15–30 minutes a day.
Use weekend analysis and set-and-forget pending orders.
Some pause trading entirely for 6–24 months and come back later when life is calmer (many successful traders have done exactly this).

7. Broker and Infrastructure Problems

Why they quit: Repeated stop-hunting, slippage, platform freezes, or margin calls during news events make them feel the game is rigged.

How survivors get past it

Move to well-regulated, institutional-grade brokers.
Start the trade only the most liquid sessions and pairs (London–New York overlap, major pairs).
Avoid trading the first 5–15 minutes after high-impact news until they have years of experience.

8. Loneliness and Lack of Community (not everyone feel this)

Why they quit: Trading from home feels isolating; no colleagues, no feedback, and forums are often toxic.

How survivors get past it (not everyone feel this is a problem)

Join groups or find people that are into the same thing to talk and exchange what they do and what they think.
Attend occasional live trading rooms or conferences for human connection.
Treat trading like any other profession that requires mentorship and peer review.

9. Realisation That It’s Extremely Hard for Them

Why they quit: After years many conclude that consistent profitability is rarer and requires more work than almost any other profession or things they could do (or try).

How the tiny minority who stay get past it

They fall in love with the process itself (chart reading, probability, self-mastery) rather than the money.
They accept maybe 3–10 % annual returns with low drawdowns as a realistic goal for them at their level of skills instead of chasing 100 %+.
They treat losses as data and boredom as part of the job description but at the same time always aim to improve the performance.

Final Thought

Many people who quit forex do not fail because they are stupid or unlucky; they quit because the combination of financial loss, emotional stress, and sheer difficulty finally outweighs the original dream. The ones who continue long-term are not necessarily smarter; they simply find ways to manage or eliminate each of the pain points above until trading becomes sustainable rather than sensational. Whether that journey is worth it remains a deeply personal decision.