Excerpted with permission of the publisher John Wiley & Sons, Inc. from The Trader's Pendulum: The 10 Habits of Highly Successful Traders. Copyright (c) 2015 by Jody Samuels. All rights reserved. This book and ebook is available at all bookstores, online booksellers, and from the Wiley web site at www.wiley.com.

Disclaimer: There is a high degree of risk involved in any type of trading. Foreign Exchange, Stock, Futures or Options trading is not suitable for all investors. Past results are not indicative of future returns. The FX Trader's EDGE™ and all "affiliated" individuals assume no responsibility for your trading and investment results. Please keep in mind that all comments made by The FX Trader's EDGE™ instructors should not be construed as investment advice of any kind.