Trading is a fast-growing industry that has extremely high failure and turnover rates, largely because of the great number of misconceptions and myths surrounding it.

Active trading is mostly a zero-sum game, but this is not the main reason traders crash and burn so quickly.

The high failure rate has more to do with mistaken beliefs about the low-cost ease of entry and high rates of return. Another myth is that aspiring retail traders are on a level playing field with industry pros. This is simply not true.