Currency dealers said market activity was light since many traders have started to close out their books for the calendar year.

And a lot more traders will start coming, I bet.

When some traders start losing money they get nervous.

And on 30 October The traders started a three day strike against sealing drive.

Then more and more traders started pointing to August as the likely time for the rate cut.

Then, last week, traders started talking about a rate move in July, at the very next meeting of the Fed's policy-making group.

As the trader starts to lead the horse away, Faustus stops him with a warning.

Then, at the top of the market (in this case, mid-2006), some smart traders start to cash in their profits.

Another big reason for this high failure rate is that most new traders start without a coherent game plan or strategy to trade.

When a few traders started selling into yesterday's thin market, others followed suit and prices plunged, she said.