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Are you a contender? Have you got what it takes to hack it in the fast moving, sometimes ultra high glorious, other times ocean trench depression low world of Forex Trading? This may sound like a standard motivational talk, but having the right frame of mind DOES influence your trading results - So before you risk your well earned money read this and ask yourself - Have I got the edge? - Or should I stay with regular shares? Are you a winner? Have you got the sharpness and mental profile needed to hack it in the fast moving, sometimes ultra high, other times ditch depression low world of Currency Trading? It may sound like a standard motivational rant, but having the right frame of mind WILL influence your FX results - So before you risk your savings read this and ask yourself - Have I got it - Or should I stick with regular shares and bonds? There are many aspects of Forex trading that are outside the investor's control. Forex market players number in the millions - traders from t...

Many people lost money in forex trading not because they do not have a good forex trading system, a forex strategy or a set of rules they do not follow, but it's the psychology barrier that they have to get over it. They cannot beat their emotions and that caused them to make wrong decisions and lose their trading capital in a flash. Forex trading psychology is the most important factor for trading success or failure, but it's sad to say that many traders do not have that factor as priority and instead keep looking for better forex trading strategies. 1. Do what you are supposed to do. When the trend is weakening, you should take steps to protect your profits regardless of the forex systems that you are using. Remember that in forex trading, you should be thinking how to minimize losses first and not thinking how to win.  Even a breakeven trade is considered a successful trade because it's not a loss. Likewise when the trend goes in your direction, you will want to set a hi...