kandha

You end up in a worse emotional state then when you started because now, you're frustrated and angry for missing Self Made Millionaires Biz  the trade and you have to sit there and watch it go nicely to your profit target. Some even like to get bitten once again, by trying to get into that same trade only this time, they get in too late and watch it come back to hit their stop loss. The source of many emotional problems in day trading Forex currencies is fear.

There are many other feelings that can influence your decision-making also, like hope, anxiety. One of my favorites is the one I struggled with for a long time. For a while during my apprenticeship, I didn't even realize that I had moved from being in the Forex trading business to being in the Forex revenge business.Every time I took a loss, my mentality changed and I often started to think that I need to get it back and went into the revenge mode. I wanted to get back at the markets and win back my money. It was only human to experience this. But this was the area that you need to be a robot and just move on and look for the next trade.When you develop your confidence and discipline to act without these debilitating emotions you will replace your fears and begin your journey to becoming a successful trader. But, don't force it. Develop it with patience and practice