A lot of beginners in forex trading feel that the market often goes against them. Sometimes it feel like the market is starring at you, waiting for you to enter and as soon as the entry position is made, forex somehow manages to turn the whole trillion market against it in the matter of seconds. Do forex pros somehow know your emotional weaknesses, so they can trade against you? Is there a big forex market conspiracy going on?!

Forex market has two sides – the right one and the wrong one. It is up to you to figure out what puts you on the right side of the game where all top traders are. Let’s face it; there is no secret big brother forex conspiracy. The market contains all the traders, big and small, part-time and full-time, beginners and professionals. 

It is in our nature to blame others for our own mistakes. Whenever the losses are substantially larger than the profits, traders tend to blame it on the brokers, on the market or even on conspiracy theory. The truth is, making money in forex is entirely up to you.  

Learning forex takes time. Even though many traders seek automated system to simplify forex trading and make easy money, in most cases they find themselves broke within couple of months. Patience is essential in forex. Learn, practice, observe and analyze – this is the only way to enjoy the rewards forex can give.   

In forex not so much the indicators, but your mind is responsible for the trading results. Every trader is different and this is a reason why taking someone else’s trading strategy is a big mistake. Give the same strategy to 10 different traders and you will be surprised with 10 different results.  

Indicators are important, but mostly it is your beliefs and emotions that guide you through the market. Emotions are like sunglasses – they can either help to block the misconception or blind you from the obvious. The day after a particularly bad trade, you often ask yourself  “how could I have misinterpret this so badly!”.  

Impatience and revenge trading are two common problems among all traders. Hunting down the forex market after loss trades in search of revenge only leads to even more losses. 

Sometimes it is important to slow down, stop trying so hard to find the perfect indicators. Instead, work on your mind, spend time looking at charts and analyzing the price movements. Figure out why prices move the way they do, find a logical explanation for trends, and analyze the information in front of you. Take in the account the psychological behavior of other traders. Most top traders just trade when they have to: at the right moment, on the right side of the game. 

When you feel like market is going the opposite way from your entry, don’t blame it on anyone else but yourself. Take time off trading and spend couple of weeks figuring out what went wrong – was it a news release, was it too close to the pivot line or fib, was it misconception of indicators? Mistakes are your guides towards true understanding of forex.  The next time something similar forms up, you will know not to enter! 

Forex market is never against you. It can only be you against the market. The way you trade depends on your system, emotions and money management. Make these collaborate together and you will turn from average into a pro.  

With time and experience, forex market will no longer be unpredictable, two-faced business. You will find yourself on the right side along with profits.

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