Dr. Pipslow

Pipsychology

5 Forex Risk Management Practices You Might Be Neglecting

In forex trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process you usually forget the most basic risk management practices. Read more

3 Ways to Step Up Your Forex Trading Skills

And just like that, the first quarter of 2015 is about to end. Time flies when you’re catching pips, huh? But could this mean the end of strong forex trends and a change in market pace? Read more

3 Reasons You Should Think Twice About Countertrend Forex Trades

If you think that forex trends are overextended and that the market has reached a top or bottomed out, make sure you consider these points before taking a countertrend setup. Read more

How Can You Hold on to Your Forex Winners?

In the middle of a winning forex trade, have you ever asked yourself, “Should I take profit now or should I let it run?” Here’s a tip that can help you hold on to your winners. Read more

Should You Be Adding to Your Forex Positions?

With all the strong long-term forex trends these days, I’m sure you’ve wondered if you should start adding to your open positions. Here’s how this might affect your trading psychology. Read more

3 Suggestions for Setting a Maximum Forex Trading Loss

Setting a maximum forex trading loss per day isn’t hard. You just have to take note that it has to depend on your trading personality and risk tolerance. Read more

Is Hybrid Forex Trading For You?

For those who aren’t comfortable with purely mechanical systems or those who get carried away by their emotions in using a 100% discretionary approach, a hybrid forex trading style could work better for you. Read more

2 Important Truths to Remember in Forex Trading

When talking about risks in forex trading, most of the time you will limit your definition to money terms. But you’re actually putting more on the line whenever you take a trade. Read more

5 Common Trading Psychology Mistakes of Forex Newbies

Before you open a real live forex account it is important that you familiarize yourself with the most common mental mistakes new traders make. How can you avoid these? Read more

4 Trading Psychology Pitfalls that Might Blow Your Forex Account

Proper trading psychology and experience are crucial components to success in your forex career. However, there are some pitfalls you should avoid. Read more

Why You Should Embrace Your Weaknesses in Forex Trading

By embracing weakness, you allow yourself to grow and broaden your horizons. Here’s how you can apply this principle in forex trading. Read more

Why Consistency Matters in Forex Trading

Achieving consistency is easier said than done. But by creating a process and setting forex trading rules for yourself, you can achieve consistency in your execution and performance. Read more

Why You Should Focus on the Process, Not the Profits

The problem with focusing too much on forex profits is that you might be setting yourself up for frustration when you don’t achieve these. Here’s why you should focus on the process instead. Read more

2 Steps to Take When Faced with Stressful Forex Situations

Forex trading, at the very least, requires you to deal with risk and the unknown every single day. Here are a couple of action steps you can take. Read more

2 Ways to Approach Change in Forex Trading

Elite performers owe much of their success to embracing change, and this is what we, as forex traders, should strive to do. Here are some ways to start. Read more