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.
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During my very early days of currency trading my mind was running wild with the ideas and dreams of what I was going to do with my soon-to-arrive riches. Sound familiar?… More…
Many successful traders take a systematic approach to trading. They start with a hypothesis about the market or certain economic conditions. They follow up the hypothesis by creating a trading plan, and then they finalize the process by placing a trade to test their position. It’s very step 1, step 2, and so on.… More…
