Hardest part of trading?

[christopher8f]

What is the hardest part about trading forex?
For me, it's my emotional IQ and response to my money being lost on a losing trade.

Well, first time I've been starting trading - the hardest times were when I was looking for changes on the financial stocks I've been trading with.

But then it's all changed, when I was ready to make total analysis of the whole trading system.

[Akwin]

For me, it’s the emotional pressure that it creates. It’s also the main reason why so many people fail to do well in the stock markets. I would say that temperament is the most important trait of successful traders, way more important than brains or knowledge. Don’t get me wrong, being smart and knowing a lot certainly helps in this business. But it all comes down to emotions. What you do and how you trade when your portfolio is down a lot in a single month or when you have an unusual string of losses determines your ultimate success.