The foreign exchange capital market is global and thus it’s the largest fiscal market in the world. Just like with other types of trading, folks go into it thinking they can become rich quick and that isn’t the case in the slightest. The reality is that traders either become rich slow or they lose their money. Dreaming
dreaming of wealth is the shortest way to destroy when you’re trading currency. If you are consistently hoping that the next trade will be a 500 pip triumph, you will easily be tempted to hold on until you suddenly find the market turning against you.
2. Regrets
Any time you catch yourself considering what might have been, stop that thought in its tracks. This goes right along with dreaming in that if you do not watch out, regret will grab your hand and lead you into ruin. And if you think that you cannot let go of thoughts, you might want to try a little meditation.
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