Psychological forex trading education of online forex trading players is the key to understanding of financial markets happenings. All the routines daily feelings, desires and expectations are reflected on trade on forex as the chemical liquor on a litmus paper. The feelings we all have – hope, scare, greed and others very often determine the market. Week and assured, greedy and slow, - all these people are meant to become the market victims. Knowledge of personal abilities and preferences, strong and week sides will help avoid the chance to become a broke. If you add to this the ability to adequately asses your abilities, knowledge and skills, your success is guaranteed.

Greed. The moving power which makes us speculate on financial markets is the greed. If you are not greedy, you will not be earning a lot. If you will be missing your chance, you will not be earning a lot. In this case you are advised to choose another kind of business that is less dynamic.
If your greed has no limit, you will be trying to close as many deals as possible, you will be taking too much risk. In this case you are advised to go to the casino – it will be closer to you by nature and maybe even cheaper.

The result of your greed is the motivation for closing deals. Two ways of motivation are distinguished:
- rational motivation that is normally peculiar to the forex newcomers, and to experienced traders;
- irrational motivation that is expressed in passion and emotional trading. The people motivated this way are slaves of trading and they tend to fail.

In order to understand whether you have passion to trade, you have to ask yourself of the following signals. If a trader asks “What do you think about that?” If a trader tells somebody else about open positions. If a trader has no trading plan. This all means just only one: this person is trading emotionally and with no certain plan. The best cure for this illness is trading plan or currency trading strategy.