Interesting topic of discussion...
How can I put this... ok, let's use "driving a car" as an example here.
You learn to drive for the first time with great committment in most people's cases.
Your Uncle Bob might be giving you daily rides round the block, or you've hired a professional Driving Instructor.
At the end of the day, you learn to drive one way or another....
Learning to drive doesn't mean you'll never have an accident, or scratch a bumper, or (hopefully never) get into a full blown collision with another vehicle.
What do most or all of you do to prevent bad incidents? ... you're "actively mindful" of your surroundings on the road, other vehicles, driving conditions, weather conditions, etc.
Basically - you don't even think about it much in practice, but your mind is "hyperactive" on the road, keeping you safe as best as you can, while you head from point A to point B.
My question to community members is:
How is trading forex ANY different? A course (a good one, by an established, third party verified live trader) will certainly get you "driving".
But if you aren't paying attention to what's on the road, deciding when and when not to drive, you're going to inevitably experience a bad outcome you didn't want.
Unfortunately, a HUGE majority of beginner traders quickly develop a "race car driver"'s mindset when they first learn trading, shoving high octane leverage into their Ferraris instead of regular unleaded into their little Ford Fiesta's...
I don't for one second believe trading courses are to blame... I do strongly believe most traders are their own worst enemies when they are new to the industry (anything under 5 years' experience is new).
When most come across a course on "trader mindset", they are quick to dismiss it or find it boring, since it doesn't contain juicy technical analysis jargon meant to visually impress while teaching much less.
If more traders worked on their mindset, treated trading seriously like they would "safely" driving a car, or showing up for work on time, I think this huge percentage of 90% failures would drop significantly.
That is of course just my own opinion