Why Do Traders Fail?

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.