http://www.babypips.com/blogs/pipsychology/ 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. en Copyright 2013 Fri, 14 Jun 2013 14:02:02 -0500 http://blogs.law.harvard.edu/tech/rss As we continue into a world of competing monetary policies, unsteady global economic recovery, and constantly shifting investor sentiment, what can we do to prevent uncertainty from crippling us with fear? http://www.babypips.com/blogs/pipsychology/dont_let_uncertainty_cripple_y.html http://www.babypips.com/blogs/pipsychology/dont_let_uncertainty_cripple_y.html Fri, 14 Jun 2013 14:02:02 -0500 In last week's Pipsychology article, I discussed the three most overlooked risks in forex trading, one of which is the risk of boredom. In this article, I'll give y'all some tips to overcome trading boredom. http://www.babypips.com/blogs/pipsychology/three-tips-to-overcome-trading-boredom.html http://www.babypips.com/blogs/pipsychology/three-tips-to-overcome-trading-boredom.html Fri, 07 Jun 2013 14:28:41 -0500 Trading involves a whole lot of risk. Heck, if it didn't, everyone would be gazillionaires! However, there are a few risks that we tend to overlook. Read up on this week's Pipsychology article and learn to address them! http://www.babypips.com/blogs/pipsychology/the-3-most-overlooked-risks-in-trading-and-how-to-address-them.html http://www.babypips.com/blogs/pipsychology/the-3-most-overlooked-risks-in-trading-and-how-to-address-them.html Fri, 31 May 2013 14:12:11 -0500 When you are trading forex, how valuable is it for you to be right? Out of ten trades, if you were right eight times, would that make you happy? How about only half the time, is that still okay? How about twice? What's your limit? http://www.babypips.com/blogs/pipsychology/winning-vs-expectancy.html http://www.babypips.com/blogs/pipsychology/winning-vs-expectancy.html Fri, 24 May 2013 14:00:19 -0500 In my previous Pipsychology articles, I often discuss the things that can be done to improve one's trading performance. This time, let's take a look at some of the reasons why most traders fail. http://www.babypips.com/blogs/pipsychology/4-reasons-why-most-traders-fail.html http://www.babypips.com/blogs/pipsychology/4-reasons-why-most-traders-fail.html Fri, 17 May 2013 14:01:07 -0500 Ever heard of the term "writer's block"? Well, there's a similar condition for traders, and we call it trader's block. http://www.babypips.com/blogs/pipsychology/overcoming-traders-block.html http://www.babypips.com/blogs/pipsychology/overcoming-traders-block.html Fri, 10 May 2013 14:00:23 -0500 Think you know everything about forex trading? Check out these three busted myths that could make you think twice about your current approach to trading. http://www.babypips.com/blogs/pipsychology/3-trading-myths-busted.html http://www.babypips.com/blogs/pipsychology/3-trading-myths-busted.html Fri, 03 May 2013 14:08:12 -0500 In forex trading, as with other endeavors, expertise is a development process in which the crucial element is that you enjoy what you do. Read on to find out why! http://www.babypips.com/blogs/pipsychology/the-importance-of-enjoying-what-you-do.html http://www.babypips.com/blogs/pipsychology/the-importance-of-enjoying-what-you-do.html Fri, 26 Apr 2013 14:17:03 -0500 Why should traders take care of their mind and body if they just spend most of their time in front of the screens? Believe it or not, it's more important (and easier) than you think. http://www.babypips.com/blogs/pipsychology/good-traders-take-care-of-their-mind-and-body.html http://www.babypips.com/blogs/pipsychology/good-traders-take-care-of-their-mind-and-body.html Fri, 19 Apr 2013 14:11:55 -0500 When you're in a slump and you watch your account bleed out, it can be quite hard to find the right motivation to continue trading. But don't be discouraged, young Padawan. Let me tell you a few reasons why you should look past the money. http://www.babypips.com/blogs/pipsychology/trading-its-more-than-just-the-money.html http://www.babypips.com/blogs/pipsychology/trading-its-more-than-just-the-money.html Fri, 12 Apr 2013 14:01:51 -0500 Trading stress can wear you down if you're not careful, so it's important to know how to deal with it. http://www.babypips.com/blogs/pipsychology/how-to-deal-with-trading-stress.html http://www.babypips.com/blogs/pipsychology/how-to-deal-with-trading-stress.html Fri, 05 Apr 2013 14:00:42 -0500 Every single time a trader goes on his trading platform, he knows that he will be exposed to a variety of stressful situations. This makes forex traders very susceptible to what I call the "mental burnout." How can you deal with this? http://www.babypips.com/blogs/pipsychology/overcoming-a-trading-burnout.html http://www.babypips.com/blogs/pipsychology/overcoming-a-trading-burnout.html Fri, 29 Mar 2013 14:00:17 -0500 Have you ever wondered why, despite years of forex trading, you just can't make it big? Sure, you aren't losing much but you're certainly not making huge gains either. http://www.babypips.com/blogs/pipsychology/making-it-big-in-the-forex-market.html http://www.babypips.com/blogs/pipsychology/making-it-big-in-the-forex-market.html Sun, 24 Mar 2013 23:44:16 -0500 As traders, we give a lot of thought into stop loss placement. But sometimes, not enough attention is given to profit targets, which is a pity because being able to maximize profits can greatly affect one's bottom line. http://www.babypips.com/blogs/pipsychology/building-confidence-to-maximize-winners.html http://www.babypips.com/blogs/pipsychology/building-confidence-to-maximize-winners.html Fri, 15 Mar 2013 14:25:11 -0500 While taking advantage of market opportunities is a huge part of becoming a consistently profitable trader, it doesn't mean that you should take trades for the sake of being in a trade. http://www.babypips.com/blogs/pipsychology/4-cases-when-you-should-sit-on-the-sidelines.html http://www.babypips.com/blogs/pipsychology/4-cases-when-you-should-sit-on-the-sidelines.html Fri, 08 Mar 2013 14:04:54 -0500