Are you an “obsessed to win” trader?
Traders of all kinds have always been attracted towards Forex
trading with the basic motive to make profits, and to win as much
as they can. The thrill to enter the market, the adventure to bid
the money, and the attempt to predict the unpredictable drives
investors to this largest Foreign Exchange market in the world.
But what we as traders do not realize is that unknowingly, our
emotions can make us trade incorrectly.
There is no doubt that entering Forex market can open a lot many
avenues for you as a trader to explore large money making
prospects easily accessible with the Forex trading these days.
People from various genres, class and gender enter the Forex world
on a daily basis, just for the hope of winning it all and
experiencing the great style and life of a money-making Forex
But, while get easily floored by the profits and winnings of a
successful Forex trader, what is easily forgotten is the fact that
while there are quiet a few traders who are winning at the Forex
market one day, they can always be the ones who can lose all their
winnings the very next day!
What needs to be understood is that Forex trading market is just
like a war front, where you have every possibility to lose the
battle as much as you have to win it. It is a war where you can
easily lose all your capital and confidence if you do not act
sensibly in your wars in opposition to the Forex market
Forex market can often act as a clever, frightening and a somewhat
wicked enemy at times too. This is exactly why every move in the
Forex trading market should be a planned and organized move. You,
as a trader should never be unprepared when inside the trading
system once. With such a volatile market as the Forex, anything
can happen anytime. In the world of Forex market, the first thing
that can go against you while trading is your over confidence to
An obsession to win for a trader, can become a benefit for the
market, making it easier for your enemy to defeat you, as you
become overpowered by your emotions.
A lot many traders and investors believe in the strategy of never
to close a trade until or unless it is turning into a profitable
one. An approach which can surely lead them to a series of losses.
Also, many investors think that the assumptions and predictions
they have made on a particular trade, based on some trading
indicator and industrial analysis will always churn out accurate
and right results for them.
Believing that the Forex market will begin performing in the exact
same way in which they had predicted, even if the trading graphs
and charts clearly indicate the opposite, is foolishness. An
attempt which can make traders lose all their money on false
anticipations. No wise Forex trader will trade with such illusions
in his mind. In reality, the market can any moment, move against
or with you. Such a behavior while trading will only lead you to
continuously pouring in your money into losses, which will
obviously be market’s gains.
You will be easily defeated by your own obsession of wining which
will at the end of the day, turn into a loss for you instead of
So, always keep in mind never to be obsessed with emotions and