5 Mistakes Beginners Forex Traders Make

Mistake #1:

Trading without education or training.

Mistake #2: Allowing emotions to influence trading decisions.

Mistake #3: Failing to realize that trading has little to do with luck.

Mistake #4: Thinking that losing is a negative when trading.

Mistake #5: Not recognizing that learning to trade is an unending process.

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Forex Trading Psychology -vs- Forex Trading Method

Did you ever see the movie The Italian Job, and if so do you remember when John Bridger asked: “You see those pillars over there, that’s where they used to string up thieves who felt fine.” Make the transition from paper trading to real money trading and you will feel FINE too – Freaked-out Insecure Neurotic and Emotional. And what a great analogy ‘string up’ is, because after all those months of paper trading winners are replaced with real money losses, that is exactly what you will feel like doing to yourself. The Trading Psychology Viewpoint No discussion about trading, or the consideration to begin trading, can be done without a harsh realization - the vast majority of all traders lose. It is said that the reason that most traders lose is because they are not psychologically prepared to trade, that is they are not prepared to accept financial risk for something of which they have no control over the outcome. Forex Trading is much more of a psychological problem then a methodologica...

Extreme TMA System

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