
In the Forex market, trading psychology is the change in ones perception that takes place once a trader becomes active in the market. This change in perception begins immediately a trader changes from using a demo account to a live account. As usual, trading in the Forex market begins with a practice account. This is to allow the trader learn the trading concepts, devise his trading strategies, and also gain some confidences and skills need to participate in the market. The prospective trader starts by using a practice account which is a virtual account i.e. have no real cash. When using a practice account, it might seem very simple and easy making money in the market. However, when you start using a live account, this proves to be very challenging thus initiating several changes in your perception....