Currency trading may be an excellent opportunity for many, but isn't for everyone. Success in the forex market takes not only special knowledge and skills, but certain personality traits, as well. One of the most essential traits for a good currency trader is self-discipline. The most reliable way to success is to find a trading system that suits your needs and stay firmly with that system. Unfortunately, fear or greed leads some people to start basing their trades on emotions and hunches, rather than on their chosen system. This kind of nervous trading may be responsible for more losses than market conditions ever could be. To profit consistently, a trader must be patient enough to wait for the right moment to buy or sell, yet decisive enough to act immediately when that moment comes. This decisiveness is part of the self-confidence that comes from thorough knowledge. For a trader who's fascinated by the market and loves studying it, spending time acquiring trading skills isn't hard. However, someone who’s bored with the whole process might be better off either finding another market to invest in or putting their money in a managed fund and letting someone else to the work.