One of the most important factors for success in the world of financial trading is the psychological preparation of investor to assumption of risk, along with the ability to make investment decisions under stress. The trader, like other market participants should have a capacity of thought, selective acceptance of some level of loss, and the ability to avoid pressure typical market environment.

Before starting to work with these tools, it is very important to understand that this is not a system to "get rich quickly." Unlike Forex requires much study and dedication and who does not understand this concept risks losing a lot of money from the beginning. It 's always better to be wary of those offers safe ways to make money with Forex, because the real gains come only knowing the market thoroughly. That said, it is certainly possible to become a good trader and have good revenue through commitment, perseverance and study strategies of varying complexity.

The Thinking Skills

The ability to think is its ability to selectively share their thoughts and predictions on an exchange owned by the currency position. The thought of the market in terms of its currency position is most often the proverbial "wishful thinking" English and has nothing in common with the current situation on the market. A case often found among those working in the currency market is one of those who, having no experience, work "in the demo and get very good results. However when it starts to get real money at stake, there is no psychological strength necessary to think in a rational manner as was done previously. For this reason, selective thinking skills has a great weight on the success of the investment.

Another related problem often found among participants in the currency market is the lack of capacity to accept a certain level of losses. Customers closing a position are not satisfied with profits are particularly important, and when the position is at a loss have trouble closing it. They count on the fact that the market situation will change for their benefit. Unfortunately, this approach is disadvantageous to the investor, the loss increases and reaches its maximum size at the close of the position, or worse, the loss increases to the point of completely decimating the trading account. This event can be avoided by closing the transaction before, with a relatively small loss. In practice, the investor psychology leads him to the last to believe in the successful conclusion of the transaction, excluding in advance all signals or concerns that invite to consider the possibility of being exposed against the market.