In any case if you have come across forex trading under the short form forex, fx, or simply currency trading the rudiments are the same as they all depict currency trading by traders of diverse knowledge and experience. Forex is the world’s most liquid market with more than $3.6 trillion traded daily in a marketplace with no boundaries, no geographical limitations and no business hours. This means that people of different ideas or knowledge could make profit at any point in time depending on their strategy. But despite the existence of thousands of indicators and robots 95% + loss money in forex either on the long run or within a short period of time. The question is ‘’WHY” is majority losing? Many became traders just because they attended a seminar where they taught the elementary aspect of FX and with the Zeal or eagerness to make money, they were motivated to come and join because their coach might have implanted in them the spirit of success without telling them the negative aspect in Forex market. Can a learner drive on a very busy highway meant for only experts? Forex is likened to that because if you are not experienced you will not succeed. Second factor that contribute to the failure of many traders is the use of Robots. I am not advocating that all Robot are fake, but majority of them have disappointed their users. Thirdly, Not all Forex seminars is worth attending because many who organize them do so for their selfish gain in other to to exploit the newbie and enrich their pocket.. Most of them have tried making a living trading forex but they never succeeded and they now turn to novice who will donate money to them so that they can make a living at all cost. They may choose to introduce the novice traders to an indicator that they themselves cannot apply properly after which the student will be rejoicing not knowing that his/her master is an illiterate and this will lead them to failure. Fourthly, some traders successfully make profit for weeks, months and the market sentiment or movement at a particular point in time may not be favorable to their way of trading or EA, and this have led many to loose the profits they made and easily fade away. There are differences between successful traders and successful losers 1. A professional must have the mind of a trader: Trading in a volatile market requires courage and understanding of market movement at a particular time. 2. Successful traders where at one time losers, but for the fact that they want to stand out, they put much effort and this led to their success. 3. They have a lion like mind, even if they see a draw down in their equity, they are not frustrated into entering bad trades, but tactfully handle issue and make more profits. My next article will will discuss more on this topic.