Effect of past transactions - a dangerous enemy!

Work on the currency exchange - is routine work, requiring a cold and clear mind, a pragmatic approach and psychological stability. Professional traders are constantly improving their skills, moving forward in small steps, collecting the crumbs of invaluable experience.

Some bidders fall under the influence of emotions, for these people to determine the value of the first transactions are carried out on the market - the effect of the first few results determines all the subsequent behavior of the trader.

If the first experience in currency trading is negative, which could be the cause of a bad mood, the beginner can permanently lose confidence, so necessary for the future.

Some good, often random profits in the initial stages generate excessive self-confidence, which can lead to risky trades that could "eat" the accumulated over the last few days or weeks deposit.


Deny yourself to remember the old transactions in the planning and decision-making in the new work - the only way. Evaluation of your work must be filled with the computer turned off during non-working time.

Most traders allow similar mistakes and deceive themselves. After all, if you mentally convince myself not to think about past failures and triumphs - the effect will be the same as on the findings on the basis of past events - defeat.

Fully learn to ignore the memories can only consciously cultivate this skill. Thoughts of closed transactions in the past to stop at an early stage and destroy the source of their appearance, ruthlessly and quickly.

The main reason for such thoughts - the possible significance of past results. However, analysis of the market requires a fundamental and technical approach, but does not need your personal precedent.

Individual results on Forex , especially in the beginning, do not matter. Based on past experience can only afford guru - successfully operating in the market for decades. Understanding of the problem - the key to removing unnecessary motivation of consciousness trader.

Professionals working in the Forex market, consider each transaction - as new, nothing speaks of experience, as if the first transaction in life. Individual results are not worth very little, but to assess and analyze their own blog can be looking trade.