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RE: Daily Forex #48 - Trading Is Boring, Not Glamorous Or Exciting.
I agree, the reason so many fail is due to:
- Not following a trading plan
- Trying to run up an account too quick with too little funds
- Not appropriately managing risk
I do see forex as gambling, but you have the ability to find an edge and position yourself for success. Not everyone has the mindset though.
Looking forward to future posts!
when you are taking an educated or calculated risk, it's not really gambling.
but i do agree with all your 3 points. discipline and mindset is so important.