TOP 10 WAYS FOREX TRADERS LOSE MONEY

1.    Lack of Experience

2.    Unresonable Expectations

3.    Absence of a Sound Trading Plan

4.    Lack of Discipline

5.    Failure to include Stop Loss and Take Profit Instruction

6.    Excessive Leverage

7.    Holding Too Many Open Trades

8.    Holding Losing Position Too Long

9.    Ignoring Rate Spreads Fluctuations and the Impact Spreads Have on Profitability

10.  Thinking About the “Big Win” More Than Effective Cash Management(AKA Greed)

sources: www.fxstreet.com