Let me start this article with a simple question: Did you have any real idea what Forex trading involved before you started doing it? This may seem to be an unusual way to start this piece, but I really do want you to think back to when you first looked into becoming a trader in the currency markets and try then to remember what first motivated you into getting involved. Is it now all that you exactly expected or did it fall short somewhere along the line? Maybe you are one of the few who knew what to expect and you are going about your trading to this day in an unemotional and disciplined fashion? Whatever the case may be, for the most part in this business, the majority of FX speculators have an idea of what trading will be like before they start doing it but it then rarely tends to develop the way that they expected at all. To put it simply, their initial idea of trading turns out to be far different from the reality of trading.
So why is this an important topic of discussion right now? Well, I feel that it is vitally important for all active market speculators to constantly remind themselves why they got into the game in the first place because it is so very easy once you get sucked into the markets, to forget what brought you there in the first place. The obsession with overcoming the various trials, tribulations and challenges of the market tend to overwhelm the average currency speculator before they even realize it is happening, leading very quickly to the destruction of their morale, confidence and often, their account. Once sight of one’s original goals is lost, the path becomes a very different one altogether. Ironically though, keeping one eye firmly on the… Continue Reading
