Yes! Each trader has different trading goals and accordingly different requirements are there in order to achieve those goals. So, it's highly recommended to formulate your own trading strategy based on your trading needs rather than copying other traders' strategies.
Forex trading is all about getting the right forex education, ignoring the myths and focusing on the right information.
You need to build a system you can have confidence in which will give you the discipline to trade for long term success through inevitable losing periods.
There can be multiple raesons to why traders fail. It can be because of overtarding or poor risk management or unrealsitic expectations or it can happen because of not having a properly backtested sound strategy.
When I joined forex trading two years back, my trader friend told me about GRABIT system and he was quite right.
Goals - Set clear, definable goals.
Realism - Make sure the goals you set are realistic.
Analyze - Find out what kind of trading personality you have.
Build - Build your own trading...
Being greedy can make you risk too much money in the hopes of earning more. You may overtrade, lose patience by seeing slow progress, become negatively impacted during losses and end up losing your capital. Greed can eat away your hard-earned money and make you poor! So beware!