>>"There are so many forex traders that follow a particular way of forex trading and in the end don't succeed in the main goal of making money. This is because their ego, pride and determination to succeed at a particular method has the effect of blinding them to other forex trading money making opportunities..

95% of traders fail - who is to blame? Bad luck? The Markets? No.

Trading success has nothing to do with luck - it has everything to do with YOU. If you don’t want to learn and are not prepared to put in any effort, you won’t win at forex trading. If you want to make money in life it requires you learn skills.

The good news is that if you apply yourself and learn the correct knowledge, you can learn the skills you need to succeed quickly and easily.."

Revenge

This is the other big one. A lot of traders get creamed in the market and then want to strike back. So they double their last order and go for broke.

This is natural, and I still deal with this emotion every day. The problem is, how does one combat this?

Do not underestimate this emotion. It will drive you to ruin if you let it. The market is not your friend. The market is so much more powerful than you are. You cannot get “back at” the market. Trading when angry or vengeful will be a total disaster. If you get rocked on the market, then back up, take a deep breath, and talk to a mentor. Re-read the charts. Take a break. Even if you think you see the best opportunity in the world after you get blasted – just take a break. There will be trades tomorrow.


The information contained in this document, although highly entertaining and quite instructive, might lead you to believe that tomorrow you’re going to be a millionaire. You are not going to be a millionaire tomorrow. Well…that’s technically not correct. Because you could be a millionaire already, in which case tomorrow you’re guaranteed to be one.




 
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