Why do most short-term traders lose money?

Why do most short-term traders lose money? Dominic Frisby comments. The reason most short term traders lose money is because they do not manage their risk properly. They'll have a 2k grand account and they'll place a bet that risks half that amount in one bet. And on top of that most don't have a trading strategy. Do you scale into positions? Do you use stops?

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  Forex Trading