The biggest mistake any forex trader can make is to let him or her emotion to control their trading decisions. To become a successful forex trader you have to achieve few big wins while keeping the losses to minimum. Handling many consecutive losses is difficult to handle emotionally, it can test a trader's patience and confidence.
Many Forex traders try to beat the market or giving in to fear and greed. This can lead you to cutting winners short and letting losing trades run out of control and blow up your accounts.
You must learn to conquer your emotion by trading within a well-constructed trading plan that will assist you in maintaining trading discipline.
Lucjan Roczniak
www.lrforexfreedom.com
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