Have you ever wondered who your enemies are in Forex? In fact, during my journey in the world of trading, I discovered that I have many enemies who are trying to defeat me so that I cannot reach my goal, which is wealth. But I am not talking about quick wealth, but wealth resulting from hard work and understanding the nature of the market. Forex has profits, of course, that may make you rich one day.
However, some enemies may hinder your journey in the trading world and do not want you to make money for several reasons, each with its own reasons.
Who are my enemies in Forex trading?
Market maker The biggest enemy
market maker
The first enemy you should be aware of before starting your Forex journey is the market makers, which are hedge funds, liquidity providers, and large banks. All of them are considered your enemies because they want to make you lose.
To make it simple for you and to understand why market makers are your enemy and why that enemy want you to lose, the simple thing is that if you win a trade, someone else loses money. This person could be the market maker because he is the liquidity provider for the brokerage company, and of course, the market maker will not accept the loss because he is the one who moves the market as he pleases.
This does not mean that he wants you to lose 100% of your trades, but he wants to get your money. At the same time, he does not want you to give up on Forex and get out of it because, in doing so, he will lose a lot of money in the future.
He wants you to win some trades through the strategy you follow in order to stay in the market for the longest possible period, and then he makes you lose many times what you won. He is fully aware of all the analysis tools, Expert advisors and indicators in the market because he invented them in order to lure in novice traders and even those with experience.
Stop-Hunting
How many times have you placed a stop loss order, and the price went to it so that you lose, and then the price went to take profit? I am sure the answer will be many times because this is the nature of your enemy (market makers). They want you to lose. They are very familiar with the stop-loss places for each trader because they have the ability to know the orders for traders, where they take profit, and the stop loss; they have full access to all your data.
Actually, knowing all that about your enemy is a bit scary, but let me tell you something simple that will remove some of this anxiety. The market moves as it pleases, whether you want to enter a trade or not, and knowing the tricks of the market makers will help you avoid big losses in the long run Because knowing where market makers focus to make traders lose will give you the advantage to enter your trades after other traders lose.
Market Makers Tricks
As we said before, your enemy “market makers” have their tricks to make retail traders lose by manipulating prices sometimes, but what they focus on is giving fake opportunities to traders with their usual method of analysis. When you see an opportunity to enter a pair,
Let’s say you saw a strong resistance area, and the price bounced from it several times. You also want to enter a trade to take advantage of these repeated bounces. It is clear that this level is strong, and the price will not be able to break it.
resistance level
But in reality, this is an area your enemy created to attract your attention as a strong resistance area. Above this area, there are many stop-loss orders, which are a treasure for the market makers. When it was time for the retail traders to lose, the price rose strongly, making them lose all their short positions.
Analyzing vs market makers
There are many methods that may make you read the chart and, based on it, predict whether the price will rise or fall. Among these analysis methods are:
Technical analysis
Technical analysis is very good, but your enemy, “market makers,” have many traps for technical analysts. The example above is one of many examples that you may encounter in your journey. Like (Double bottom/Top, Trend line, Support, and resistance) All these are liquidity for market makers to make the novice trader and the trader who uses technical analysis lose.
Reasons Why Traders Fail when Trading Forex 2025
Smart money concept
It is a more advanced analysis method and helps you identify liquidity areas or trap areas for market makers. However, this does not mean that if you trade using SMC, you will never lose because market makers are also aware of this method. Therefore, they have placed their traps in it as well.
But SMC helps you understand market makers’ tricks, how they think, and where they place their traps. It is not an entry and exit strategy but an understanding of the nature of the market and how things work.
There are also many analysis methods, but these two are the most famous
My enemy in forex is “ME”
In fact, the Second enemy that may cause you to lose in Forex trading is you, as you can be affected by different market factors. When you are affected by these factors, your decisions become somewhat confused, and accordingly, you will not be able to make decisions based on reason and logic. These factors may affect you on several axes.
Greed
Greed is the first reason, and it is mostly the first reason that made you start in the world of trading, thinking that the Forex market is a great treasure. You can get rich quickly overnight, so you must start correcting this information and be fully aware that Forex eats every greedy person without looking at his psychological or physical condition; as the market does not know you, it only reacts to the wrong and correct decisions that you make.
Fear
Fear
Who among us is not afraid of something? Everyone is afraid about something without exception, but fear in the Forex market is linked to money because if you think about making wrong decisions, it will come to your mind that you will lose the money you worked hard to get. You cannot pay off your university or home debts… etc. Fear is always linked to the future, and you do not want to lose this money. You want your future to be better, so your mind draws bad scenarios to keep you away from the wrong decisions that you may make and make you afraid of what will happen.
But in fact, when your mind tries to do that, it makes you confused and unable to think properly. Instead of making a decision to enter a trade, your mind becomes preoccupied with the fear of losing this trade rather than thinking about the logical reasons that might make you enter the trade so that it becomes a profitable trade.
Certainly, your mind may be an enemy, too, but it is a hidden enemy that does not show itself. However, the good thing about this enemy is that it can be tamed to think positively. This method is somewhat difficult, as you may suffer while trying to tame your mind to think positively and correctly because your mind does not want change, as change is unknown to it.
In the Forex market, when opening a trade, there are 3 possible outcomes that can happen: either you win the Trade and will get your profits, or you will lose, or you close it with neither a profit nor a loss but as long as the loss is likely to happen the best thing you can do not to be afraid of the bad results that may happen is to expect it and accept it completely because it is natural for losses to happen and that is why you put the stop loss right?
If you expect the worst-case scenario and accept it, your mind will stop fearing what might happen because you have accepted the worst that could happen, which is the loss.
Sadness
sadness
Sadness is the opposite of fear. As we said before, fear is the fear of the future and what might happen, i.e., it is unknown to you. However, sadness is sadness from the past, what happened, and you kind of regret it. Sadness affects a person greatly, and if you are sad for any reason, it will affect your future decisions in Forex or even away from Forex.
The reasons for sadness may be sadness over past losing trades, and you may blame yourself for this loss. You may think that you could have been more certain before you decided to enter into this trade or that there was news about the pair you are trading on and you ignored this news and nevertheless entered the trade. There are several reasons that may make you sad about your behavior or even the behavior of others or any situation that happened in the past, and the reason is one: you blame yourself or the people around you for what happened.
If you decide to blame yourself or others, this will not restore what you have lost. On the contrary, your psychological state may worsen, and you may lose money. Therefore, blaming is not a good thing at all. It is possible to blame yourself for the purpose of change, not for the purpose of self-flagellation because it is easy to blame others. But will you be able to change those around you?
If you want to blame those around you, this is easy, but the difficult and correct thing is also to blame yourself with the aim of change. Because you cannot change those around you, you can change yourself, develop yourself, and learn new skills, and thus, sadness will decrease little by little. This process is difficult, so be patient.
How to control my emotions in forex
Confidence And Arrogance
There is a big difference between being confident in the trade you want to enter into and being controlled by arrogance. If your decision to enter a trade is not based on reason and logic, then you know that your decision is affected by something else, and something is wrong with you.
It is possible that you get arrogant after three winning trades or two or even one trade, as arrogance comes without an appointment, and arrogance comes after the feeling of victory, even away from Forex. It is possible that you win a lot of money in another field and feel arrogant, so you think that you are the master of the game, and then you open the trading platform and enter random trades that have no logical reason.
Of course, we all know the end result: you will end up sad about what you did before, blame yourself and others, and become lost in this circle. You will not be able to get out of it if you do not decide to do so… So let me save you the trouble of going through this wonderful experience that you will not like at all. I will give you some advice that may help you make decisions free of arrogance, and you will be fully prepared to enter the trade if the appropriate conditions are available for your strategy.
What to Do to Beat up My Enemies
Don’t mix Trading with personal matters.
Each one of us has his personal life, his family, and his children whom he cares about and wants to achieve more achievements for, but when it comes to the Forex market, when you open the trading platform, you forget your family, your children and everyone in your life, you and Forex only, because if you have anyone else on your mind, it is likely that this will affect you negatively. You will mix many sad and happy feelings; in this case, you will not make logical decisions and be controlled by arrogance, sadness, or even fear in your trading.
Dont trade if you are not Ready
If you are not ready to start trading, there is no shame in that. Do not trade now, and take your time to return to the market. The market is there, and the opportunities never end. As long as the market moves, you can always make many profits.
You will discover whether you are ready or not with time, as you cannot trade at the beginning of your journey in Forex, and you must start learning for a period of at least three months.
Summary
Before entering the world of Forex, you must fully realize that there are enemies in Forex that you must be aware of because ignoring them will make you lose without knowing why; your enemies are the market makers and your mind that you use to enter your trades, and You must know how your enemies are trying to surround you so that you can avoid losses.
