It was already mentioned about the risky character of trading. In spite of the different methods of analysis that are used by the traders, still everyone should know that the market cannot be predicted by 100%. Surely, people invest much money in Forex, and it sometimes turn to be very ineffective because the market may go in another direction, thus resulting in high losses. Anyway, the most important think while trading is to remain psychologically balanced and strong, because when falling into depression, you may not make a rational decision. You just need to be relaxed so as not act nervously and irrationally.
Patience and Discipline:
These are the two key necessities of successful trading.
To be disciplined, one must have patience.
To be patient, one must have discipline.
Say this as it were your daily prayer.
Say this to yourself every time you contemplate a trade.
Never try to make a trade happen.
A successful trade is a trade that comes to you.
Always let the market move to you.
Don’t be a trade-slave.
Always make the market work for you.
Each time you have a successful trade, take the confidence you’ve
gained and use it to build more confidence.
Confidence builds confidence.
If you take a loss, stop trading for the day.
Realize that you have done something wrong.
Examine your error, discipline yourself and except it.
Find which rule you’ve broken, learn from it,
keep the lesson and let the trade go.
