Forex Traders become Bankrupt

Nearly 90% of the traders lose their account and 10% of traders always lead to bankruptcy. This may make you shock. Yes, 10% people lead to bankruptcy.

What is the reason for this failure? It is not because of their ignorance. in fact most traders have an above average IQ and are above average in most categories such as education and income. So why do they fail?
The main reason for this failure is the Lack of trading education:

To succeed in the Forex market you have to thoroughly educate yourself in all aspects of your chosen profession. It means Educating in the correct risk management techniques relative to your account size.

Common Misconceptions of New Traders
The new traders think they can trade consistently with 79% accuracy. They think they can turn $1000 into $100,000 in six months. The new traders think that they can predict turning points in their given markets to within minutes. They assume that they can buy a system that is 100% accurate.

What’s the reason that so many new traders believe that trading is an easy way to make big profits? Propaganda!

Don’t get me wrong, there is good stuff out there but the vast majority is not worth the price you pay.