Absolutely. When you have success in Forex trading, you begin to think that you "got it." You begin to believe that you have a "special" system for successfully trading currency. Most of the time, you have just been lucky.
However, this new "got it" attitude then begins to change the way you trade. You make adjustments (maybe you raise your bidding amount) and make more trades and, just when you think you are the World Forex Trading Champion, you are hit with a massive loss. You see, emotions effect our financial decisions, even if we don't think so.
The Forex Market thrives on emotional losses. As a matter of fact, 98% of Forex investors lose their money!
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