3 Situation 'Epic' That Has Destroy Thousands of Forex Trader Account

This article will cite some of the situations that often occur and many forex traders lose when faced with this challenge. If refined, the situations present actually test the resilience of the psychological power and discipline of a trader himself.

Let us examine what is the situation that has beaten many traders in this field of forex trading.

Consecutive profit will cause traders to lose capital

It sounds a bit strange because as traders we really want continuous profit, right?

But the challenge arises when traders start thinking of making more profit because they have ‘overconfidence’ after the previous consecutive profit (winning streak).

At this time, traders begin to dare to increase the risk of trading accounts and violate the trading plan in the beginning. The fact is that this situation often occurs among traders.

Traders are tired of trading little positions

If followed to the steps in preparing a trading plan, traders need to have a strong setup to enter the market.

When there is no suitable setup and does not encourage traders to open trading positions, they will start to feel bored waiting.

Strange but true, traders will feel uneasy when there are no trading positions in the market while time goes on. This will encourage traders to choose trading that is risky and does not fit their trading plan.


It is better to miss a trade opportunity than to choose a risky trade!

Enter the market because it is influenced by external opinions

This situation is what most traders do. Due to being too exposed to the profits posted on social media and so on, traders will start to doubt the analysis they have prepared themselves.

Especially when the analysis does not match the opinion of the majority out there.

Traders are more inclined to follow the opinions of outsiders who claim the effectiveness of their trading results even though its authenticity cannot be clearly proven.

Not necessarily if many do such action and you should follow it without a motion to check. You also need to be more assertive with your own stance.

If it can be concluded, the situations mentioned above are more likely towards the psychological control and discipline of a trader himself. Hopefully, you as a trader will be better prepared to face such a situation in the future.