Many aspiring traders fail to become consistently profitable because they put too much time into trying to get rich from forex trading and not enough time into the actual process of trading. Becoming a consistently profitable forex trader is the result of discipline, passion, and a willingness to recognize and conquer your own personal mental faults. Becoming a consistently profitable forex trader is the result of discipline, passion, and a willingness to recognize and conquer your own personal mental faults.

Successful trading is difficult and building the correct attitudes and beliefs is the way to develop the habits and skills necessary for profitable trading. Without a profitable and successful trading mindset, you will be swimming upstream against your emotions/fears, thoughts, and unconscious habits which undermine your success. As with any form of speculative activity, the importance of psychology in forex trading simply cannot be overestimated.

Trading the forex market is not just about mastering which technical indicators to use or when to enter or exit a trade — it's also about mastering your own psyche. Most experts agree that one of the most important aspects in achieving consistent trading success is developing a profitable trading mindset.