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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Whether you're a seasoned trader or just a newbie, I'm sure that by now you've already come across a few generalizations about trading. Some may have some truth to them but most of them are nothing but myths. Here are three of them:… More…
Recently, I've been browsing through the BabyPips.com forums, and I came across a thread discussing trading psychology and its significance to a trader's success. Is trading psychology overrated? Here are my two cents on the matter. … More…
Expectations can be a wonderful tool for traders as they help us distinguish between success and failure. However, we must be careful of setting them unrealistically. For all we know, we're just setting ourselves up for disappointment.… More…
So you blew up your account? Instead of crying in the corner, please realize that blown up accounts are a more common occurrence than you think. So before you curse the forex gods and ruin your karma forever, here are four easy steps to help you get back on the right track.… More…
