The Street has an article on the reasons why me and perhaps you are not millionaires.  Some of the reasons can directly be applied to why me and perhaps you are not making any money trading forex.  

1. You care what your neighbors think - Neighbors in this case could be other forex traders.  I do care what all of you think because it helps me in my quest to become a successful forex trader.  But ultimately it's your money that you're trading and if you have a successful strategy that works for you, I think you should run with it no matter what others say.
2. You aren't patient - This is a very key trait in successful traders.  I need work on this one but I'm coming along.
3. You have bad habits - These bad habits have to be isolated and purged if possible.
   
4. You have no goals - "It's difficult to build wealth if you haven't taken the time to know what you want." Enough said.
   
5. You haven't prepared - Preparation in trading is very important.  Prepare for the worst or you'll wind up risking a good portion of your capital.
6. You try to make a quick buck - I wish a quick buck was easily obtainable trading forex.  Don't believe the hype, it's not.
7. You rely on others to take care of your money - The whole point of trading forex is for me to obtain financial freedom.  Relying on forex signal services or others doesn't accomplish this goal.  Who says they're going to do anything but lose you money.
8. You invest in things you don't understand - I hope I understand a bit about trading forex but I have a lot more to learn.  Don't throw all of your savings into the market until you know that you have a more realistic chance of success.
9. You're financially afraid - If you're afraid to take risks, trading forex isn't for you.  Risk takers are sometimes the most financially successful people.  As long as your risk is known and planned, you'll be better off.
10. You ignore your finances - Keep track of your finances which means keeping strict records of your trades.  Don't be afraid to analyze a losing trade.  You have to be able to learn from losing trades or mistakes. 
    

If you want to read the article, go to http://www.thestreet.com/_tscrss/newsanalysis/opinion/10345796.html