There are mainly 4-5 reasons why every newbie fails in this business. They come to market chasing easy money and they start trading without acquiring needed skills. This results in loss and also there is no shortcut to learning the basics here. Yes this are very important reason or mistake most of the new trader do this and i think some times i also do this type of mistake for this reason i also did read your thread carefully and i will try to avoid this mistakes during my trade and i think i can do it.