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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As a trader you have to learn how to take losses. Period. Don't be a crybaby. Learn how to take losses. … More…
Forex trading, even when done on a full-time basis, demands a lot of time and mental and physical energy. It's equivalent to a brand new job or the new "thing" you decide to spend your life doing. For some, it's your first time really exposed to this industry, let alone anything investing related. Many beginners underestimate just how much there is to learn about the markets, indicators, and economics in general. And get information overload from Day 1.… More…
