Sotherefore
VIP Contributor
Exactly. I am a new forex trader and I can confess that what you are saying is true because I have passed through it before not too long. I have to suspend my trading because I don't just want to engage on something that you will be so much influence by emotion of losing your money or the fear of the market turning against you and some other negative thoughts.Emotions blur your view and thinking. You tend to do what you expect because of your uncontrollable emotions. You even feel incapable of making the basic trading decisions and fail to stick to your trading plan.
Personally the best thing I will have to do is for me to try as much as possible to trade with a demo account for sometimes and to have a deeper understanding of what the market is all about . I have been trading a demo account but I haven't really taken time to study certain things..
All these things depends on people's dedication and willingness to trade and make profit. it is not easy and it is never a get-rich-quick scheme but with time you can start making money for yourself