Page 137 - Ultimate Guide to Currency Trading

must stop trading and take cover! Most currency accounts blow up and experience the heaviest of
losses during these times. Historically, FX traders have a series of early successes, and then, a huge
loss. The idea is to know yourself so well, that you can tell when you are getting overconfident.

If you begin to feel these feelings, if you begin to feel overexuberant in your trading style,
then this is a sign that you are not respecting currency trading enough. The FX markets demand to be
respected! If you hold what they tell you in high regard, if you listen to the markets and look at the
charts, if you're trying your hardest to not get yourself into trades that are potential disasters, then
you will be rewarded. The reward might not come in big, prideful gains. The reward may, on the other
hand, come in a way that keeps you away from your trading desk when the markets are sour, or when
your confidence is too big for the market itself. You might be rewarded by being allowed to keep your
currency trading account until the next trading day.