There are several reasons why 95% of traders fail in Forex trading. Lack of proper education, discipline, and risk management are common factors. Many traders also fall into the trap of emotional decision-making, overtrading, and using excessive leverage. The market's unpredictability and constant changes can also lead to losses. Successful traders focus on developing a solid trading plan, risk management strategy, and a mindset that can handle the ups and downs of the market. It takes time, practice, and discipline to become a profitable trader in Forex.