Most of the novice traders believe that trading FOREX is a gamble!
Why do traders fail?
1) They trade with the aim of getting luck to make money.
2) Their greed exceeds their need.
3) They think trading is a game of chance and luck and do not get the proper education to succeed.
4) They do not favor to invest enough time and amount for education and mentor-ship to get basic knowledge.
5) They have poor focus.
6) They are more emotional than intellectual.
7) After failing, they want to make up their loss; therefore they may further incur loss.
Why do traders fail?
1) They trade with the aim of getting luck to make money.
2) Their greed exceeds their need.
3) They think trading is a game of chance and luck and do not get the proper education to succeed.
4) They do not favor to invest enough time and amount for education and mentor-ship to get basic knowledge.
5) They have poor focus.
6) They are more emotional than intellectual.
7) After failing, they want to make up their loss; therefore they may further incur loss.