How to recover your trading motivation?

The first step is to look at the delicate details of your trade, but also to keep in mind the big picture. Do you trade the right way?

Return to your trader diary and see your recent transactions. If you do not have one, I advise you to make one. Ask yourself the following questions:
- Is there something you've changed or do anything different from usual trading plan?
- Do you explicitly follow your trading plan?
- Are you doing something wrong?
- Do you miss something ?
When you find your mistakes, it will remove the lack of motivation.

Undeniable truths in forex

Expect the unexpected. Accept it. No matter how much you try in you analyzes, you will not have 100% accurate idea which way the market goes. There is always a chance that surprise waiting around the corner, perhaps in the form of undeclared currency interventions or shocking comments from central banks. In fact, these unforeseen events can not to be caused by the economic scene, but take the form of natural disasters or sudden declared war. Even if you stare at the chart constantly, keep track of forex calendar, listen to the news every day, you probably will not be able to predict such events. Unless you're Nostradamus ...

Citigroup predict 1.0450 for EUR/USD

During the last big bearish trend of the EUR/USD an upward correction is observed for the period from August 1997 to October 1998, when prices jumped from 1.0433 to 1.2161. This period took 14 months. It must also be noted that one of the most important events in 1998 was made at that time historic high on the bond market of the United States, according to the Citigroup.

This time we had upward correction from 1.0458 to 1.1714. A few weeks ago the bank had been of the opinion that we are still waiting to move up, and it will be an attempt to test 1.2000, but the pair failed to hold above 1.1500 and seems, that we have a change in the trend. A minimum of 1.0458 was reached in March 2015 and since then passed 14 months. At the same time the government bond market in the US also occur conversion.

There are clear similarities between this movement now and 1998. The correction of EUR/USD and market behavior of bonds in the United States then and now look the same, said from the bank.

Right expectations

Before jumping into the forex world, you need to set up right expections in your mind. Not lying to yourself is just as important as trading well. Even if you trade well, you may end up losing everything.

Forex market can offer you a lot and because of it, traders tend to expect more than they should. The most of the time the market is unpredictable making illogical movements and doing the opposite of the news. The trader has to know that the exact time for entering a trade is a impossible to be catched.

A trader must learn patience and to have less expectations and think more about a trader who has a lot to study than the money he has to earn. Traders, who think only about the money, leave the market very soon.