As a general rule, trading is inordinately risky for many “do-it-yourself” traders.  Unfortunately, do-it-yourself traders often lack trading expertise and experience.  The explosion of electronic trading makes "do it yourself" trading seem simple and much less risky.  Nothing can be farther from the truth. When combined with the leveraged of trading, this lack of expertise and experience often makes the risk too great. 

If an untrained and unskilled person set out to practice law or medicine, what would be the result?  The same question exists when non-professional and unskilled "do it yourself"  traders try to take-on the extremely challenging markets.

In the highly complex and challenging field of  trading, it should not be surprising to learn that a considerable majority of non-professional "do it yourself traders" fail to succeed.  Some estimates place the failure rate of "do it yourself" traders as high as 90%. 

Regardless of who trades your money in the market place, there’s a risk of loss.  Professional money managers frequently bring many years of experience and expertise to the trading endeavor.  As you would expect, this knowledge and skill can significantly enhance the chances of trading success.