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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Happy Holidays! I thought I'd throw on a trading psychology article for your extended holiday reading pleasure. Taking a hit in the trading account is never easy, but it's good thing your good ol' Dr. Pipslow is here to give you tips on taking a chill pill with losses.… More…
Sure, having a mechanical system can eliminate some of the emotions involved in trading, but the difficulties lie in trusting the indicators and sticking to your set of rules no matter what. Picking the type of mechanical system that's best suited to your own personality could make it easier.… More…
As a trader, you must accept that anything can happen in the markets. Without this very essential realization, you will NEVER EVER become consistently profitable. … More…
