ProPactor replies to: reasons why traders lose


Here are some mistakes traders make when trading:
1. Low start up capital Most currency traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital.
2. Failure to manage risk Risk

You’re indeed blessings, pretty strong and valid points.
Discipline in trading is what most of us are/were very weak at. And refusing to be wrong, that’s the latest trend, that attitude is very odd and ugly indeed. Not only in trading, but everywhere especially when dealing with people. That needs to cut out in order to trade successfully.
Since 5th point is missing, so I’d add

5) Knowledge, analysis, never miss that. Otherwise, you’re treating it as gambling. And gambling falls one of 95% category.

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