Failure is a part of learning. While the idea of failing can seem scary, it helps traders to develop learning skills, boost their sense of determination, and build self-esteem. As it turns out, mistakes are integral to the learning process. Failure not only improves information recall but critical thinking, too. When you fall down and pick yourself back up, you build muscle and strength. Similarly, each time you fail and recover, you build strength of character, commitment and work ethic. Failure spawns creativity, motivation and tenacity.