tag:www.babypips.com,2009:/blogs/pipsychology//4 2009-11-11T08:37:57Z 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. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.413 2009-11-11T08:15:42Z 2009-11-11T08:37:57Z

I was watching the Lakers play the other night on the tube. While I'm a big fan of Kobe Bryant, I was getting frustrated at him during the game because he seemed to, at least in my opinion, force too many shots.

Dr. Pipslow I was watching the Lakers play the other night on the tube. While I'm a big fan of Kobe Bryant, I was getting frustrated at him during the game because he seemed to, at least in my opinion, force too many shots. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.405 2009-10-05T12:31:31Z 2009-10-05T12:36:08Z

When you're risking your own money, do you feel the need to find that secret information that nobody yet knows or find the perfect trade setup?

Dr. Pipslow When you're risking your own money, do you feel the need to find that secret information that nobody yet knows or find the perfect trade setup? tag:www.babypips.com,2009:/blogs/pipsychology//4.1748 2009-09-14T04:02:50Z 2009-09-14T21:02:52Z

Dr. Pipslow tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.416 2009-08-12T04:52:28Z 2009-08-18T21:39:18Z

If you want to make money trading forex and consistently make money trading forex, it's important to review proven trading methods and techniques on a regular basis.

Dr. Pipslow If you want to make money trading forex and consistently make money trading forex, it's important to review proven trading methods and techniques on a regular basis. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.420 2009-07-14T10:00:11Z 2009-07-14T10:01:44Z

Don't overtrade. Focus on the quality of each trade, not on the quantity. One of the hardest lessons for a trader to learn is not to overtrade.You will lose BIG if you continue to overtrade.

Dr. Pipslow Don't overtrade. Focus on the quality of each trade, not on the quantity. One of the hardest lessons for a trader to learn is not to overtrade.You will lose BIG if you continue to overtrade. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.414 2009-06-15T19:05:12Z 2009-07-11T19:33:46Z

Why do you trade? Let me guess...Because you want to make a crapload of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account's destruction.

Dr. Pipslow Why do you trade? Let me guess...Because you want to make a crapload of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account's destruction. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.411 2009-05-18T08:55:59Z 2009-05-18T08:56:23Z

You can be highly motivated to trade, have abundant capital, and a dummy-proof trading system, but if you don't apply your FULL concentration to the trade that you have on at the moment, you'll rarely make profits.

Dr. Pipslow You can be highly motivated to trade, have abundant capital, and a dummy-proof trading system, but if you don't apply your FULL concentration to the trade that you have on at the moment, you'll rarely make profits. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.253 2009-04-28T13:51:33Z 2009-06-09T19:46:28Z

Some traders are so obsessed with trying to find the perfect trade that they end up not trading enough to come out profitable. Trading is not the line of work you want to be if you're a perfectionist.

Dr. Pipslow Some traders are so obsessed with trying to find the perfect trade that they end up not trading enough to come out profitable. Trading is not the line of work you want to be if you're a perfectionist. tag:www.babypips.com,2009:/blogs/pipsychology//4.417 2009-04-02T15:35:20Z 2009-05-21T07:43:28Z

Just like in life, as a trader, you must be the only one responsible for your own decisions and actions. You're the only one who has to live with the consequences of the decisions that you made.

Dr. Pipslow Just like in life, as a trader, you must be the only one responsible for your own decisions and actions. You're the only one who has to live with the consequences of the decisions that you made. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.412 2009-03-08T08:08:45Z 2009-06-09T05:55:54Z

Have you ever ditched your trading plan? If not, you should read this anyway because you're most likely lying. If you have, why do you think you're so "unfaithful"?

Dr. Pipslow Have you ever ditched your trading plan? If not, you should read this anyway because you're most likely lying. If you have, why do you think you're so "unfaithful"? tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.415 2009-02-04T16:32:47Z 2009-04-02T15:32:26Z

Almost everybody is familiar with Muhammad Ali. He is known as one of the greatest, if not the greatest boxer ever. And while he was well known for his boxing skills, he was equally famous for his proud and showy behavior. But if Ali was a forex trader, he probably would've been knocked out quickly and had his wallet emptied...by the market.

Dr. Pipslow Almost everybody is familiar with Muhammad Ali. He is known as one of the greatest, if not the greatest boxer ever. And while he was well known for his boxing skills, he was equally famous for his proud and showy behavior. But if Ali was a forex trader, he probably would've been knocked out quickly and had his wallet emptied...by the market. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.408 2009-01-25T19:42:10Z 2009-02-27T20:56:04Z

It's easy to get caught up in daily defeats. Your trading strategy isn't working. You're losing money hand over fist even though you know your system works and you're following all the rules. Forex Reviews

Dr. Pipslow Forex Reviews]]> tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.407 2009-01-04T23:10:23Z 2009-01-04T23:10:08Z

Many years ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse's bridle that prevent them from seeing anything except what's in front of them. Without blinders, a horse can see almost completely behind itself without turning it's head and can be easily spooked by movement or objects it doesn't recognize.

Dr. Pipslow Many years ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse's bridle that prevent them from seeing anything except what's in front of them. Without blinders, a horse can see almost completely behind itself without turning it's head and can be easily spooked by movement or objects it doesn't recognize. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.410 2008-11-18T15:03:47Z 2009-06-09T06:40:32Z

You're like a deer in the headlight staring at your screens, frozen, and you don't know of what to do next. You feel the pressure to perform. You haven't made a winning trade all week.

Dr. Pipslow You're like a deer in the headlight staring at your screens, frozen, and you don't know of what to do next. You feel the pressure to perform. You haven't made a winning trade all week. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.409 2008-10-21T04:00:20Z 2009-04-14T09:50:04Z

Successful traders have rock solid discipline. They plan every one of their trades, then they simply their trade their plans. It may be tempting to trade by the seat of your pants, but if you don't develop clearly defined trading plans to follow, and follow them consistently, you'll have difficulty making consistent money as a trader.

Dr. Pipslow Successful traders have rock solid discipline. They plan every one of their trades, then they simply their trade their plans. It may be tempting to trade by the seat of your pants, but if you don't develop clearly defined trading plans to follow, and follow them consistently, you'll have difficulty making consistent money as a trader.