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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Trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to keep your eyes on the prize at all times. This is what seasoned traders refer to as self-discipline.… More…
S-T-R-E-S-S. Who doesn't hate it? I know I did... until I learned that stress isn't what the market or my trade does to us, stress is how we react to those external events or actions. Whether it's good or bad is all up to us... … More…
Still sitting on the fence when it comes to picking between a 100% mechanical system or a purely discretionary trading style? Well, why not try both? It's called "Hybrid Trading" and maybe it could work for you!… More…
When keeping a journal, it ain't enough to just scribble your trade ideas and record the results of those trades. You also need to know what to do with the data that you have and how to interpret it to help you improve as a trader. … More…
