Yes It Is!   Until you’ve actually traded the currency market, in fact probably any market, you could be forgiven for thinking that this trading mentality lark can’t be all that difficult!   Well…..  in reality it is, and you need to be very conscious of this fact and prepare yourself accordingly. 

I would say this is particularly prevalent to the Forex market, and I say this for the following reason……  I once attended a seminar on trading the stock market, and whilst I was there, I got talking with some of the presenters, as well as a number of attendees.  As you can imagine at one of these types of events, the first thing people do after introducing themselves, is ask if you are trading at the moment, and if so, how are you doing… 

Well, the reaction I got from nearly everybody when I proudly said “Yes, I do trade right now, but not stocks, I trade Forex”, was not quite what I had expected!  People would look at me like I was totally insane, some with a look of, what I can only term as, horror!  “Oh, and you’re doing well?”, as if they knew the answer would be ‘no’ before I had even spoken it!   And you know, the disheartening thing was, at that point in my trading, they were absolutely right!   I really wasn’t doing that well…. And at that point in time, it actually added to my ‘can I really be a successful Forex Trader’ mindset I found myself in…… 

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