tag:www.babypips.com,2008:/blogs/pipsychology//4 2008-04-22T20:17:51Z If you can't keep your emotions in check when trading, you will lose money. Lots of it. Pipsychology was created to help minimze 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 improving your mental side of trading without boring you to death. Hopefully you can develop the mental edge you need to become the best trader you can be. tag:www.secretpips.com,2006:/blogs/pipsychology//4.583 2008-04-22T19:30:31Z 2008-04-22T20:17:51Z

During my very early days of currency trading my mind was running wild with the ideas and dreams of what I was going to do with my soon-to-arrive riches. Sound familiar?

Dr. Pipslow During my very early days of currency trading my mind was running wild with the ideas and dreams of what I was going to do with my soon-to-arrive riches. Sound familiar? tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.545 2008-04-08T05:24:43Z 2008-04-08T05:27:18Z

Dr. Pipslow tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.474 2008-03-17T21:30:13Z 2008-03-17T21:37:24Z

Your successful traders will tell you to minimize your use of and exposure to complex trading strategies. Novice traders usually go the complex route because they want to avoid risk and blindly leaping into Forex trading.

Dr. Pipslow Your successful traders will tell you to minimize your use of and exposure to complex trading strategies. Novice traders usually go the complex route because they want to avoid risk and blindly leaping into Forex trading. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.404 2008-03-03T19:02:48Z 2008-03-03T21:34:05Z

For novice Forex traders there always exists the desire to be right. What better to help justify their progress as traders than their decisions being correct, resulting in a successful trade? Yet this yearning to be right can get them into trouble.

Dr. Pipslow For novice Forex traders there always exists the desire to be right. What better to help justify their progress as traders than their decisions being correct, resulting in a successful trade? Yet this yearning to be right can get them into trouble. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.252 2008-02-19T11:05:11Z 2008-02-19T11:37:39Z

Have you ever had one for those days? Your charting software didn't work just right, your Internet connection was doggedly slow, and you forgot to read up on this week's latest economic report releases so you missed all the good opportunities.

Dr. Pipslow Have you ever had one for those days? Your charting software didn't work just right, your Internet connection was doggedly slow, and you forgot to read up on this week's latest economic report releases so you missed all the good opportunities. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.457 2008-01-14T20:09:10Z 2008-01-14T20:12:06Z

Being successful, whether it's as a Forex trader, a business owner, or even as a parent, takes a lot of personal development. Day after day you have to deal with many uncertainties, some known and many others unknown. You are continually tested and how you react before, during and after these challenges all play part in your success.

Dr. Pipslow Being successful, whether it's as a Forex trader, a business owner, or even as a parent, takes a lot of personal development. Day after day you have to deal with many uncertainties, some known and many others unknown. You are continually tested and how you react before, during and after these challenges all play part in your success. tag:www.babypips.com,2008:/blogs/pipsychology//4.2113 2008-01-07T15:52:35Z 2008-01-07T16:09:17Z

You can be super motivated to trade, filled with deep optimism, have millions of trading capital available, and a solid trading strategy, but if you don't devote your full concentration to the trade that you have on at the moment, you will lose money.

Dr. Pipslow You can be super motivated to trade, filled with deep optimism, have millions of trading capital available, and a solid trading strategy, but if you don't devote your full concentration to the trade that you have on at the moment, you will lose money. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.418 2007-12-27T21:47:25Z 2008-01-29T05:05:04Z

It's not what you've got, but what you do with it that counts, right? Wrong. If you've got $1,000 in your account, and you're trading ten mini lots at a time, you will quickly end up broke as a joke. Size does matter...in trading. Get your mind out of the gutter.

Dr. Pipslow It's not what you've got, but what you do with it that counts, right? Wrong. If you've got $1,000 in your account, and you're trading ten mini lots at a time, you will quickly end up broke as a joke. Size does matter...in trading. Get your mind out of the gutter. tag:www.babypips.com,2007:/blogs/pipsychology//4.2063 2007-11-27T18:46:46Z 2008-01-07T15:59:35Z

Why do certain traders win consistently lose? Here are four reasons.

Dr. Pipslow Why do certain traders win consistently lose? Here are four reasons. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.456 2007-11-13T08:47:30Z 2008-01-07T15:59:35Z

When's the last time you jumped of a cliff because everybody else was doing it?

Dr. Pipslow When's the last time you jumped of a cliff because everybody else was doing it? tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.455 2007-11-06T15:27:12Z 2008-01-07T15:59:35Z

Everyone's heard it, everyone's see it, and many of you wear it on those big dogs you call your feet. But how many of you practice what the slogan preaches?

Dr. Pipslow Everyone's heard it, everyone's see it, and many of you wear it on those big dogs you call your feet. But how many of you practice what the slogan preaches? tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.453 2007-10-29T00:15:31Z 2008-01-07T15:59:35Z

To become a successful trader, you have to stay rational and emotionally detached. Many novice traders ride an emotional rollercoaster, feeling on top of the world after a win, but down in the dumps after a loss.

Dr. Pipslow To become a successful trader, you have to stay rational and emotionally detached. Many novice traders ride an emotional rollercoaster, feeling on top of the world after a win, but down in the dumps after a loss. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.452 2007-10-03T08:06:56Z 2008-01-07T15:59:35Z

Trading is a demanding business. Only the most skilled traders can make a living as an active trader. Do you have what it takes?

Dr. Pipslow Trading is a demanding business. Only the most skilled traders can make a living as an active trader. Do you have what it takes? tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.451 2007-09-20T05:11:50Z 2008-01-07T15:59:35Z

Many new traders always wonder how they can make more profit from their trading (assuming they're already making money). They attempt to set goals like trying to grab a specific numbers of pips per day or month. I think it's better to focus on the process first, rather the outcome.

Dr. Pipslow Many new traders always wonder how they can make more profit from their trading (assuming they're already making money). They attempt to set goals like trying to grab a specific numbers of pips per day or month. I think it's better to focus on the process first, rather the outcome. tag:babypips.modernflow.com,2006:/blogs/pipsychology//4.449 2007-09-12T08:39:11Z 2008-01-07T15:59:35Z

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?

Dr. Pipslow 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?