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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One trader wrote in that he was in a slump and wondered if he should switch markets or find another indicator. Do you ever find that you also want to blame something outside yourself?… More…
Normally as traders, we tend to focus on what WE are doing, as we try to carry all the responsibility for our trading. What you need to understand though is that having the right support around you is just as essential to your success. … More…
Reviewing chart patterns and price action can only go so far in preparing you for the market's surprises. This is why you should train your mind to anticipate fear and shock before entering trades.… More…
Have you ever been overconfident over a winning streak and you start to incur losing trades, which will then motivate you to step up your game? That, my friends, is the classic trading yo-yo.… More…
We here at BabyPips.com believe that proper position sizing is THE single most important skill a trader should have. Yup, that's right - it's THAT critical!… More…
