Trading On Line: Why So Many Fail

To generalize using the broadest stroke possible, the high rate failure among futures traders can be attributed primarily to three factors:
-The lure of easy money
-The lure of excitement
-An utter lack of preparedness to deal with the potential downside

Unfortunately, it seems that many individuals are lured into futures Trading for a lot of the wrong reasons.To draw an appropriate analogy regarding futures markets and futures traders, consider the following scenario.
Suppose someone offered anyone who shows up the opportunity to drive an Indy race car around the track with the promise that the person with the fastest time will receive a $10,000,000 prize.
Will a lot of people show up to take a shot ? You bet.
Will most of them be truly prepared for what they about to do? Not likely. Will someone win the $ 10,000,000? Of course.
Will 90% of the drivers fail to make it to finish line?

Welcome to the exciting world of Trading On Line.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR