Forex

The market is a loosely organized crowd whose members bet that prices will
rise or fall. Since each price represents the consensus of the crowd at the
moment of transaction, all traders are in effect betting on the future mood of
the crowd. That crowd keeps swinging from indifference to optimism or pessimism
and from hope to fear. Most people do not follow their own trading
plans because they let the crowd influence their feelings, thoughts, and
actions.
Bulls and bears battle in the market, and the value of your investment sinks
or soars, depending on the actions of total strangers. You cannot control the
markets. You can only decide whether and when to enter or exit trades.
Most traders feel jittery when we enter a trade. Their judgment becomes
clouded by emotions after they join the market crowd. These crowd-induced
emotions make traders deviate from their trading plans and lose money.