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Main » Articles » Forex Psychology

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Why do Forex Traders fail? I have a theory.

At the time I decided to start forex trading (2 years ago) the Forex Boom was just starting. I really did think I had stumbled on that legendary pot of gold, and that I would soon be on easy street.

Forex Psychology | Views: 327 | Added by: forex-market | Date: 2009-05-25

Forex Trading is not that easy, all FX traders before they enter this business, they think that they will be rich very quickly and make $20 000 in one or two weeks, but when they begin trading currencies they discover it is not true, it is not easy to make money especially when we work with money.
Forex Psychology | Views: 326 | Added by: forex-market | Date: 2009-05-25

People sometimes experiment with the idea to trade with other people. It might work, but for me, it did not. I trade alone. The advantages of trading alone are:

You are free to make your own decisions without having to find a way to explain the rationale of your decisions to anybody else.
Forex Psychology | Views: 395 | Added by: forex-market | Date: 2009-05-25

Technology advances like the internet have spawned a new craze, where anyone with a secure internet connection prepared to undertake a small amount of training can engage in trading foreign exchange on the forex market.
Forex for Beginners | Views: 327 | Added by: forex-market | Date: 2009-05-25

Patience is a virtue in most endeavors in life, and it's certainly a valuable asset in futures and stock trading.
Forex Psychology | Views: 451 | Added by: forex-market | Date: 2009-09-11 | Comments (0)

The easy answer to the question is "when it's not a pattern". And that really is the real crux of the issue... Let me explain.

Let's take a look at one of the most simple patterns in technical analysis, the Double Top (Bottom).

Forex Psychology | Views: 382 | Added by: forex-market | Date: 2009-09-11 | Comments (0)

By: Hillel Fuld
The Forex market, as you probably know by now, is the biggest market in the world. Yet, somehow, the average citizen, who is quite familiar with the Stock Market, has never heard of the Forex market. When you tell them Forex means the same as foreign exchange, you generally get a response similar to “Ohhh” followed by a “And what is that”?
Forex Psychology | Views: 424 | Added by: forex-market | Date: 2009-09-24 | Comments (0)

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