William Barnes
Banned
- Messages
- 75
Without being industrious and skilled it is difficult to sustain or ensure a long comfortable trading life. For this reason; a greater mental strength is required from a trader's side. Because there will be many instance where a forex trader can lose money or even he may blow accounts due to many mistakes. But losing hope and being frustrated can't help a trader to become successful. Rather; with a proper education and hard work a trader can be able to overcome pessimistic situations.
So; a trader will require a greater control over emotions, like excessive joyous in the event of win which can lead to overconfidence or overreaction in lose which can lead to mental trauma and trader can further take wrong decisions out of frustration.
So; a trader will require a greater control over emotions, like excessive joyous in the event of win which can lead to overconfidence or overreaction in lose which can lead to mental trauma and trader can further take wrong decisions out of frustration.