Life trading in the forex market has many parallels to owning an operating a business. Just as in business, traders should expect streaks of profits and losses. The key to long term success however, ultimately will fall in the analysis of these cycles. This way a trader can maximize their successes while working to reducing their periods of balance draw downs.

In the field of active trading, information is a valuable commodity. A trader is well-advised to acknowledge those words and learn as much as possible from his or her trading history. That said, past performance is not indicative of future results. One of the ways in which a trader can learn from past success and failure is through keeping a trading journal.