Dr. Pipslow

Pipsychology

5 Traits of a Good Forex Trading Mentor

For many of us, we have to rely on ourselves to find that mentor who can guide us in our journey to become consistently profitable forex traders. Here are the traits you should look for. Read more

How to Use Regret in Your Favor

Apart from fear and greed, regret can also be a powerful emotion affecting your forex decisions. Here’s how you can take control and use regret to your advantage. Read more

Acting on Impulse vs. Sticking to Your Forex Plan

Have you ever ditched your forex trading plan? If not, you should read this anyway because you’re most likely lying. If you have, why do you think you’re so “unfaithful”? Read more

3 Tips to Help You Keep Your Cool in Forex Trading

Seasoned forex traders stay calm and relaxed even after a series of losses. They don’t let the natural ups and downs of trading affect them emotionally. Here are some tips that might help. Read more

Why Size Matters in Forex Trading

Most new traders think they can quickly start increasing their position size just because they get lucky on a few forex trades that turned out to be profitable. Read more

Why Being Flexible Is Important in Forex Trading

A fundamental mistake many novice forex traders make is to forget to assess what type of market they are working with and adjust their approach accordingly. Read more

3 Steps in Dealing with Fear in Forex Trading

Experiencing fear is normal but can be bad if it leads to bad forex trading habits & bad decisions. Here’s 3 steps to deal with fear and keep you on track. Read more

Does Your Forex Trading Strategy Match Your Personality?

Knowing what you are comfortable with and finding the system or method that matches your personality will help you better adapt to the always-changing market environment. Read more

3 Ways to Turn Forex Rules into Good Trading Habits

Consciously sticking to your forex trading rules is a solid step towards forming good trading habits. Here are some tips that might help. Read more

4 Ways to Limit Forex Trading Distractions

Distractions take our eyes and our mind off what we should really be focusing on in forex trading. Here are some tips that might help you concentrate. Read more

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