Having expertise in market analysis or having broad information about Forex isn't the lone factor that decides the accomplishment of a Forex trader. It is the ability of dealing with your own feelings and is a piece of Forex trading psychology.

Forex trading leads to a whole range of emotions - from fear and reluctance, to greed and sometimes even carelessness as one tries to go out of his way to try to get rich quickly. Neither extremity is ideal, and it is therefore important for the trader to be careful and try to keep his emotions under control. This is not always that easy, and hence the importance of being willing to exercise caution in analysis and trades.