The Woodchuck and The Possum

There is a fundamental characteristic of unsuccessful forex traders: they trade forex because it’s exciting, cool, or for its sex appeal.

The mystery behind the charts, the notion that profits (although elusive) do really exist, and that money can be made quickly (but not predictably) all add up to create a romantic fantasy that is too appealing to avoid.

When they start to lose money, they leave their positions open, close their eyes, and hope that the trap is miraculously opened so they can be free again.


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