Don't Join the Crowd

Another home photos pic number 6

Another problem is that we like to go with the crowd anyway, this has nothing to do with responsibility -but to do with social acceptance. If you are wrong on your own, you look stupid but if everyone else is wrong that's OK. It sounds illogical and it is - but most traders like to feel comfortable and that means running with the pack and trading news or running a losing position because someone else agrees with them.

If you like to be with the majority and are afraid to be seen to be a loner don't trade FX, as you will lose. You need to stand away from the crowd and go it alone to win and it's a simple fact most traders can't do thisview