It's known that most of traders lose because they can not beat their emotions and this causes them to make wrong-timed decisions and lose the most of their trading budget and forfeit quickly.

Trading psychology is known to be the first and most important factor for trading success or failure but its impacts are not initiative by many traders, they are just thinking about getting a good trading strategy but this is only part of the equation for gaining at FOREX trading.

In FOREX trading psychology, two emotions that are constantly present :
Hope and fear are destructive emotions and all traders are influenced by them, they are part of all traders