Traders often lose because of their herd mentality. Also, they don’t learn the market properly and start trading without any knowledge. Just as any other business, we require ground knowledge to be successful in Trading Business. Trading is not an overnight skill that one can master, but one who is sculpted based on experience and knowledge through repetitive learning. Based on your investment, losses can have a big effect physiologically. This is why Trading Psychology is a very important topic. One needs to have strict risk management when it comes to trading. It is not the strategy which is important, it is the discipline and risk management which makes one successful in trading.