Starting to work professionally on Forex market every trader realizes that except a knowledge of successful strategies, systems and methods of capital managing, Forex prosperity depends on psychological state.

Being a novice at Forex, where would you take the confidence in the conducted operations from? What are you doing if you have accomplished the unlucky deal in order not to get into bigger debts? If you are in minuses, what measures do you take to return to positive results?

First of all, trading is a discipline devoted to effective ways of getting profit. The inner state influences greatly on the ability of a trader to estimate correctly chances in a certain situation.

After a trader has changed from a demo-account to a real trading account his results become much weaker. What does it depend on? Operating with the same quotes in the same trend, though the outcome appears different. Why? Everything is caused by a psychological condition. Simply, working with own money a trader is governed by personal feelings of fear and greed, which, besides, are market moving power. Panic on the currency market leads to fluctuations of the currency rates and often this motion does not reflect real process in the global economy.

How can you refrain from the impact of emotions conducting operations on Forex? You only need to master the discipline of trading procedures. As only an organized trader is able to work at the market for the time required to achieve certain goals. It is a discipline which does not allow a trader yield to market influence and leave the market in haste.

There are numerous ways how to strengthen the discipline of a trader. The important factor is working hours’ regularity, the choice of time period for working with an account of individual features of a trader. But the most suitable method is usage of a tested trading system.

Nevertheless, abiding the trading system signals is also not an easy thing. To do this, it is necessary to comprehend that there will be thousands of favourable situations for entering the market. Many traders are eager to enter the market as soon as possible; or vice versa, enter it too late, which in both cases can cause losses and correspondingly, a nervous strain. Working at currency market is extremely complicated, mostly because many negative factors affect the trader’s psychological condition.

You can be surprised, but gaining a considerable sum of money also has a negative effect on the trader’s form. In this situation a trader can start overestimating his abilities and lose concentration.  If a trader tends not to a quick profit, but acts tactically regulated, driving his average monthly earnings to a particular level, this is sure to decrease a psychological pressure of every conducted deal.

Added by Roman Tsepelev,
InstaForex development manager