5 obstacles that you have to deal when once you become friend with FOREX

1. Full mental exhaustion

Forex is at the same time one of the most exciting and emotionally consuming activities you can get involved while trying to keep on the surface of the ground. The emotional outbursts you will receive each time you open and close winning or losing transactions can lead to mental exhaustion and control of your own frustration, fear and greed to prove extremely difficult. Be prepared for the emotional carousel.

2. You can not control the market

Daily cash flows on the Forex market amount to approximately $5.5 trillion a day, which means that it is impossible for a person to make an impact on it. The essence of Forex trading is not to change the current, but to take the wave.

3. Your greed may be of key importance for success

It can be a great motivation when the deal moves in the right direction and you refuse to reap your profit, driven by the idea that the trend will continue as you get rich, so you can arrange your life, but at any one time, the trend can to change and the greed to destroy you financially.

4. Patience

The trend may change direction before it stabilizes, this should not bother you as long as you have calculated the risk and have determined the worst scenarios, making sure to put Stop Loss once you have done that, do not be nervous about wandering of the price before taking it in a given direction.

5. High risk tolerance

Take risks. The very nature of Forex is risky. Can you cover your losses, do not be afraid of taking limited risks.

Jr Trader Petar Milanov

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