Emotions will always accompany traders from all over the world simply because this is human nature and emotions are built into it, whether you like it or not. And no matter how advanced technological innovation has been, for as long as we remember, emotions always get in a way of human rationale. Even most experienced traders have a hard time ignoring the emotions when trading. No matter how simple forex trading may be as to the basic mechanics most forex traders make frequent mistakes that cost them money.

Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks. Usually, most traders experience losses because of negative emotions that poison their rational decision-making processes and cause them to make improperly planned trade decisions. We, as humans, are innately emotional creatures, something which dictates our judgments.