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 2012 Fri, 03 Feb 2012 14:03:12 -0500 http://blogs.law.harvard.edu/tech/rss With the first month of the year in the books, now is as good a time as any to evaluate your trading resolutions for 2012. Were you able to stick to them? If you weren't, don't fret. It's all part of the process of change after all. http://www.babypips.com/blogs/pipsychology/dont-give-up-on-your-trading-resolutions.html http://www.babypips.com/blogs/pipsychology/dont-give-up-on-your-trading-resolutions.html Fri, 03 Feb 2012 14:03:12 -0500 Let's face it. Many of us are lured by the promise of making big bucks in the world of forex trading, to the point that it becomes an addiction for some. Are you guilty of this? http://www.babypips.com/blogs/pipsychology/are-you-addicted-to-trading.html http://www.babypips.com/blogs/pipsychology/are-you-addicted-to-trading.html Fri, 27 Jan 2012 14:01:24 -0500 Is forex trading like poker? If so, what are the similarities and what exactly can we learn from poker players? And how does Big Pippin keep his poker face on? Read on to know my answers to these questions and more! http://www.babypips.com/blogs/pipsychology/3-things-traders-can-learn-from-poker-players.html http://www.babypips.com/blogs/pipsychology/3-things-traders-can-learn-from-poker-players.html Fri, 20 Jan 2012 13:58:12 -0500 So you've been trading on a demo account for months now and you think you're ready to go live. But are you REALLY ready? Make sure you go through this checklist before you invest your life savings in the unforgiving world of forex trading. http://www.babypips.com/blogs/pipsychology/five-signs-youre-ready-to-go-from-demo-to-live-trading.html http://www.babypips.com/blogs/pipsychology/five-signs-youre-ready-to-go-from-demo-to-live-trading.html Fri, 13 Jan 2012 13:55:20 -0500 When traders talk about capital, more often than not, they are talking about how much you have invested and how big your bank roll is. But there is another type of capital, one that is not talked about often or at all. I'm talking about psychological capital. http://www.babypips.com/blogs/pipsychology/growing-your-psychological-capital.html http://www.babypips.com/blogs/pipsychology/growing-your-psychological-capital.html Fri, 06 Jan 2012 14:00:15 -0500 We gave ya part one yesterday, so now it's time to check out part 2 of my article "Deliberate Practice!" Why is it important, what do you do, and where do you begin?! http://www.babypips.com/blogs/pipsychology/deliberate_practice_part_2.html http://www.babypips.com/blogs/pipsychology/deliberate_practice_part_2.html Fri, 30 Dec 2011 16:35:00 -0500 We're bringing back another oldie, but goodie, and this one goes out to all of our discretionary traders and chartists out there. Practice doesn't make perfect, it's perfect practice that makes perfect...or gets you close to it... http://www.babypips.com/blogs/pipsychology/deliberate_practice_part_1.html http://www.babypips.com/blogs/pipsychology/deliberate_practice_part_1.html Thu, 29 Dec 2011 15:05:54 -0500 With the new year approaching bringing new beginnings, it's always a good idea to revisit fundamental skills and ideas before planning your attack. So we brought back, "Always be prepared" because this mentality can never be driven home enough in this game. http://www.babypips.com/blogs/pipsychology/always_be_prepared.html http://www.babypips.com/blogs/pipsychology/always_be_prepared.html Wed, 28 Dec 2011 08:30:30 -0500 It's that time of the year again, folks! And you know what that means! No, I'm not talking about shopping and braving holiday traffic! It's time to come up with some trading resolutions to help you improve in 2012! http://www.babypips.com/blogs/pipsychology/new_years_trading_resolutions.html http://www.babypips.com/blogs/pipsychology/new_years_trading_resolutions.html Fri, 23 Dec 2011 14:29:55 -0500 If you look at the line-up of traders in Wall Street trading firms, you're likely to find more than a handful of former Division I athletes on the floor. Why is this? What's the connection between being an athlete and trading? http://www.babypips.com/blogs/pipsychology/5-traits-that-successful-traders-share-with-elite-athletes.html http://www.babypips.com/blogs/pipsychology/5-traits-that-successful-traders-share-with-elite-athletes.html Fri, 16 Dec 2011 14:00:09 -0500 In my previous post, I mentioned that preparation is only half the battle. So what makes up the other half? Execution. In trading, actively managing your open positions is just as important as coming up with your plan. Here are three tips to help you manage your active trades. http://www.babypips.com/blogs/pipsychology/3-trading-habits-that-will-help-you-manage-your-open-positions.html http://www.babypips.com/blogs/pipsychology/3-trading-habits-that-will-help-you-manage-your-open-positions.html Fri, 09 Dec 2011 14:00:00 -0500 As they say, "Preparation is half the battle." And in trading, the battle begins even before you open up your trading software. Let me share with you five tips for your weekly pre-trading routine to help you conquer the markets! http://www.babypips.com/blogs/pipsychology/5-tips-to-for-your-weekly-pre-trading-routine.html http://www.babypips.com/blogs/pipsychology/5-tips-to-for-your-weekly-pre-trading-routine.html Fri, 02 Dec 2011 14:02:23 -0500 In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process you usually forget the most basic risk management practices. Here are 5 common habits that might help in limiting your risk exposure. http://www.babypips.com/blogs/pipsychology/5-risk-management-practices-that-are-usually-overlooked.html http://www.babypips.com/blogs/pipsychology/5-risk-management-practices-that-are-usually-overlooked.html Fri, 25 Nov 2011 13:01:07 -0500 So you've demo traded for six months and you believe that you're ready to enter the big leagues. Here are a few tips to keep in mind when you begin your trading business. http://www.babypips.com/blogs/pipsychology/trading-is-a-business-dont-be-undercapitalized.html http://www.babypips.com/blogs/pipsychology/trading-is-a-business-dont-be-undercapitalized.html Fri, 18 Nov 2011 14:37:18 -0500 The PlayStation 3, the iPad, and all sorts of devices were invented to keep us entertained at all times because to some, there's nothing worse than being bored. But did you know that boredom may actually be good for your trading? http://www.babypips.com/blogs/pipsychology/addressing-trading-boredom.html http://www.babypips.com/blogs/pipsychology/addressing-trading-boredom.html Fri, 11 Nov 2011 14:00:23 -0500