About Pipsychology

Pipsychology Author If you can't keep your emotions in check when trading, you will lose money. Lots of it. Pipsychology was created to help minimize this from happening to you. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully you can develop the mental edge you need to become the best trader you can be.

September 2010

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Archives

Pipsychology

Look Inside Yourself

One trader wrote in that he was in a slump and wondered if he should switch markets or find another indicator. Do you ever find that you also want to blame something outside yourself? …

Trade One at a Time

Never try to trade everything you see. Keep your trading activity limited. Focus only on the highest probability set-ups.…

The Art of Feeling the Market

Have you ever felt in the zone, that you know exactly what the market is doing and what the appropriate response should be? …

5 Common Mental Mistakes New Traders Make

Before you open a real live account it is important that you familiarize yourself with the most common mental mistakes new traders make. You'll probably still make them anyway, but at least you'll actually be aware you're making them which hopefully will make easier for you to correct them.…

Deliberate Practice: Part 2

Check out part 2 of my article "Deliberate Practice!" Why is it important, what do you do, and where do you begin?!…

Deliberate Practice: Part 1

Let's face it: Losing is part of trading. Deal with it and move on. Easier said than done, right?…

8 Questions You Should Ask Yourself Before Going Live

Can you answer "yes" to these questions with conviction before throwing real dough on the line? We sure hope so...check'em out!…

Don't Set Yourself Up to Fail Yo

Have you setup yourself up to fail? Here are the bare minimum you need in order to avoid failure as a trader.…

Be Flexible

The markets constantly change. What drives price action today, this week, or this year, will be different next year, next week, and even tomorrow. As a trader you must be just as flexible and adaptive.…

4 Psychological Pitfalls That Will Blow Your Account

Meet Jack. Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom. …

"Do not take life too seriously. You will never get out of it alive."
Elbert Hubbard
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