1. The Revenge Trade Trap
Lost a trade and immediately jumped into another one to "get it back"?
🧠 That’s your ego talking—not your logic.
Fix: After every loss, pause. Journal what went wrong. Only re-enter the market with a clear setup, not a bruised ego.
2. The Overconfidence Illusion
A few wins in a row? Suddenly you’re invincible.
📉 Then BOOM—one over-leveraged trade wipes out your gains.
Fix: Stick to your trading plan. Respect your lot size and risk management regardless of your win streak.
3. The Analysis Paralysis
You check five indicators, three timeframes, news feeds, and TikTok traders before entering a trade.
💀 Result: Missed opportunities.
Fix: Simplify your system. Stick to 1-2 solid confirmations. Consistency beats overthinking.
4. Fear of Missing Out (FOMO)
You see a candle shoot up, and your fingers itch to enter.
😩 Too late. It retraces and you’re stuck.
Fix: Trust that there will always be another setup. A missed trade is better than a bad trade.
5. Lack of Patience
You enter too early, exit too soon, or hop between strategies.
⏳ Trading is a waiting game.
Fix: Define your entry/exit rules clearly. Let your edge play out over time.
💡 Final Thoughts:
Forex is 80% psychology and 20% strategy.
Master your emotions, and the charts will make sense. And if you want help keeping your emotions in check, try using an AI scanner or a trade copier to automate parts of the process—removing impulsive decisions from the equation.