The main reason why most Forex traders lose money, is because instead of consciously controlling their emotions in the market by preempting all aspects of their trading, they get caught up in a game of emotional trading, mostly because emotional trading is easier to do and offers more “excitement” than disciplined, controlled trading. The two main “tools of the trade” for maintaining mastery of your mind as you trade the markets, are Forex trading plans and Forex trading journals. As we discussed previously, having a Forex trading plan that details all of your trading strategies and setups is crucial for navigating the market in an objective and logical manner; so that you don’t enter trades for no real reason and so that you stay true to the concepts you mastered in your trading strategy.