Forex trade is not a get rich quick scheme. You just can't become rich overnight just by trading forex. It requires painstaking efforts, determination, training and retraining. It is is highly volatile yet lucrative. Greed, emotion and lack of adequate training contribute to failure in forex trade.Forex trading is profitable despite the many risk involved, while many have made huge profits from the market, many other are counting the loses daily.
But what are the major causes of failure in forex market especially for young trader?
I will list 3 that I know of:
1. Impatience in the learning stages.
2. Lack of proper mentorship.
3. "Make it fast" syndrome.
What other things do you think is are the causes??