This thread aims to gather the psychological experiences of a forex trader as s/he engage the market so as to help each other become a professional trader. Kindly post your experiences on how to overcome the following:

(1) Fear of Trading leading to no trading activity at all.
(2) Greediness leading to turn the winners to lossers.
(3) Hope of turning the lossers into winners
(4) Excitement leading to pull the trigger without proper trading plan.

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Google Psycho-Cybernetics, read on how it can help traders to master the correct mindset for trading success

Well I couldn´t be that much agree with your "3) Hope of turning the lossers into winners" because my loosing positions turned winners last week with some good profit. I doesn´t mean, anyways, to keep loose position for life, I just keep as long I´m interesting on them.


I saw many people trading in just one or two pairs. My opinion is diversify, I trade all pairs, some times I can forget one or two, but correct it inmediatelly

could you clarify what amount do you use for every pair?
I heard that min amount to trade is 10k. So should I use 10k only for one pair or not?

I have a simple golden rules to share with you all

From Warren Buffet's Golden Rules:
Rule 1) Never lose money
Rule 2) Never forget Rule 1

Capital preservation is rule no.1

I´m sure warrebuffet and Soros have lost some times