The high failure rate in the forex market, exceeding 90%, can be attributed to several key factors. Firstly, forex trading requires a deep understanding of complex financial markets and economic factors, making it challenging for inexperienced traders to navigate. Lack of knowledge and experience often leads to poor decision-making and excessive risk-taking, resulting in substantial losses.

Secondly, the forex market is highly volatile and unpredictable, making it difficult to consistently predict market movements. Even seasoned traders can struggle to accurately forecast currency price fluctuations due to various factors such as geopolitical events, economic data releases, and market sentiment.

Moreover, the forex market operates 24 hours a day, five days a week, providing ample opportunities for impulsive and emotional trading. Greed, fear, and overtrading are common pitfalls that can lead to significant losses.

Additionally, the presence of scams, unregulated brokers, and fraudulent trading schemes further contribute to the high failure rate. Many novice traders fall victim to these fraudulent practices, resulting in the loss of their entire investment.

In conclusion, the failure rate in the forex market exceeds 90% due to the combination of complex market dynamics, the unpredictable nature of currency movements, emotional decision-making, and the presence of scams. Successful forex trading requires a solid foundation of knowledge, experience, discipline, and risk management to mitigate the inherent challenges of this market.

The forex market has a failure rate exceeding 90% largely due to a lack of knowledge, discipline, and risk management. Many new traders enter with unrealistic expectations, believing they can get rich quickly, and underestimate the complexity of the market. High leverage offered by brokers can magnify both profits and losses, causing accounts to blow up rapidly. Emotional trading, such as chasing losses or overtrading, further contributes to failure. Unlike professionals, most retail traders do not follow structured strategies or consistent money management rules. Additionally, the market is highly competitive, dominated by institutions with advanced tools and resources. Without patience, practice, and education, most retail traders end up losing their capital, leading to the high failure rate.