Will The Forex Market be Forever Right?

• People who are arrogant and complacent do not enter into Forex trading;
• People who are too self-confident do not enter into Forex trading;
• People who do not admit mistakes do not enter into Forex trading;

How the Forex markets trend is being formed?

First of all, to understand the essence of these phrases is to know how the Forex markets trend is being formed. Forex traders should keep in mind that the Forex market is being formed through a buyer and a seller when someone wants to buy and sell at a particular price. That represents this price is the market approval price. It does not matter whether a well-known analyst is approving this price. It also does not matter whether the President is approving this price of the Central Bank.

Remember, as long as there is a transaction, and the price will be the correct market price, it does not matter how fast it goes or even jumps in 1 minute spatial several hundred, as long as there is a transaction, the price will always be the correct market price. But the majority of Forex traders often could not accept that, according to the technical analysis, how the market could fall suddenly.

In other words, according to the fundamental analysis, the economic numeral of this currency is very good. How could it fall until a specific price? Indeed, it was a mistake created by the market. By giving more patients, it will return to its fundamental price. The concept of buying at a low price has become a pushing hand for Forex traders to enter the market without a market price. Such "bad behavior" has created a pitiful destiny for a loser forever.

I was sure to remember that, only by admitting our mistake and then immediately "stop-loss" and then waiting for the right moment to come again. We have seen a Forex trader make a mistake and are being reminded to stop loss. But, without a second thought, he picked up the phone and increased the number of transactions. In the end, you can imagine that it did not take a long time for him to lose all his balance and run away.

Finally, a skillful analyst repeatedly said that "the road of investment is the road of admitting mistakes, only by admitting mistakes continuously then the only successful result can be achieved.