If we talk about factors that cause victories and defeats in the Forex market, then one of the most important of them is human psychology. Only those traders that have qualities such as restraint, cold mindset, flexibility of thinking, the ability to quickly assess the situation and make the right decisions succeed in this market. On the Forex market, such explanations of failures do not pass as: “I had no mood,” “I felt bad”.
There are three enemies because of which traders are defeated.
The first and main enemy of the trader is greed. Therefore, you should never try to make money more than you can actually. It is not rare that the trader thinks: “Well, here are a few more dots and that’s it.”. However, you should not do this, otherwise you will never earn solid capital.
The second factor that stands in the way of the success of the trader is fear. Когда трейлер только начинает торговать на рынке Форекс он думает, что все будет легко и просто, однако затем следуют неудачи, и вот здесь трейдер начинает задумываться все ли так легко, а потом он начинает бояться. Really earned on the forex market is not as easy as it seems, but you should not be afraid of the market – you just need to analyze the situation and draw the right conclusions.
It is not strange, but such a good quality as hope for a trader Forex is unacceptable. Here you need only a cold sober calculation.