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I have a theory that I can tell how successful a forex trader is going to be in how he reacts to his first loss. I can tell you with great accuracy whether somebody will make it in this business or if they will crash and burn. All you have to do is look at their reactions when they experience their first loss in the forex market. It’s easy to be happy when you have your first winning trade. It’s a whole different story when the market goes against you. The majority of traders will sulk, pout, scream, yell, and basically act like a buffoon. That’s exactly why the vast majority of traders that trade forex lose money. They simply don’t have the emotional maturity to accept the loss and move on. If you see a trader put the loss beside him and then look for another trade, I can almost guarantee you that they will make it in this business.