Forex trading is not only about analyzing charts and economic news, but also a serious test for the psyche. Many beginners, having started to earn their first money, lose control over their emotions, and then make mistakes that lead to losses. Therefore, control over the psychological state is a key factor in successful trading.

Fear and greed are the two main enemies of a trader. Fear prevents you from entering profitable trades, and greed makes you risk more than your strategy allows. It is important to learn to control your emotions by sticking to a pre-written trading plan.

Patience is also important. You can’t expect instant results – trading takes time, training and experience. Many successful traders spend years perfecting their skills before they start making consistent money.

Modern technologies help to minimize the influence of emotions. For example, the Pocket Option at https://pocketoptionguides.com/ platform has automated tools that allow you to set up trades in advance. However, the main role is still played by the trader himself - his discipline, stress resistance and readiness for long-term development.