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 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. en Copyright 2008 Tue, 22 Apr 2008 14:30:31 -0500 http://blogs.law.harvard.edu/tech/rss 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? http://www.babypips.com/blogs/pipsychology/its_not_the_size_of_the_fish.html http://www.babypips.com/blogs/pipsychology/its_not_the_size_of_the_fish.html Tue, 22 Apr 2008 14:30:31 -0500 http://www.babypips.com/blogs/pipsychology/half_empty_or_half_full_which_are_you.html http://www.babypips.com/blogs/pipsychology/half_empty_or_half_full_which_are_you.html Tue, 08 Apr 2008 00:24:43 -0500 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. http://www.babypips.com/blogs/pipsychology/keep_it_simple.html http://www.babypips.com/blogs/pipsychology/keep_it_simple.html Mon, 17 Mar 2008 16:30:13 -0500 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. http://www.babypips.com/blogs/pipsychology/you_cant_handle_the_truth.html http://www.babypips.com/blogs/pipsychology/you_cant_handle_the_truth.html Mon, 03 Mar 2008 14:02:48 -0500 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. http://www.babypips.com/blogs/pipsychology/whos_feeling_the_stress.html http://www.babypips.com/blogs/pipsychology/whos_feeling_the_stress.html Tue, 19 Feb 2008 06:05:11 -0500 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. http://www.babypips.com/blogs/pipsychology/positive_thinking_powers_your_potential.html http://www.babypips.com/blogs/pipsychology/positive_thinking_powers_your_potential.html Mon, 14 Jan 2008 15:09:10 -0500 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. http://www.babypips.com/blogs/pipsychology/concentrate.html http://www.babypips.com/blogs/pipsychology/concentrate.html Mon, 07 Jan 2008 10:52:35 -0500 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. http://www.babypips.com/blogs/pipsychology/does_size_matter.html http://www.babypips.com/blogs/pipsychology/does_size_matter.html Thu, 27 Dec 2007 16:47:25 -0500 Why do certain traders win consistently lose? Here are four reasons. http://www.babypips.com/blogs/pipsychology/4_reasons_why_traders_lose.html http://www.babypips.com/blogs/pipsychology/4_reasons_why_traders_lose.html Tue, 27 Nov 2007 13:46:46 -0500 When's the last time you jumped of a cliff because everybody else was doing it? http://www.babypips.com/blogs/pipsychology/the_beaten_path.html http://www.babypips.com/blogs/pipsychology/the_beaten_path.html Tue, 13 Nov 2007 03:47:30 -0500 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? http://www.babypips.com/blogs/pipsychology/just_do_it.html http://www.babypips.com/blogs/pipsychology/just_do_it.html Tue, 06 Nov 2007 10:27:12 -0500 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. http://www.babypips.com/blogs/pipsychology/be_cool.html http://www.babypips.com/blogs/pipsychology/be_cool.html Sun, 28 Oct 2007 19:15:31 -0500 Trading is a demanding business. Only the most skilled traders can make a living as an active trader. Do you have what it takes? http://www.babypips.com/blogs/pipsychology/do_you_have_what_it_takes.html http://www.babypips.com/blogs/pipsychology/do_you_have_what_it_takes.html Wed, 03 Oct 2007 03:06:56 -0500 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. http://www.babypips.com/blogs/pipsychology/focus_on_the_process_not_on_the_profit.html http://www.babypips.com/blogs/pipsychology/focus_on_the_process_not_on_the_profit.html Thu, 20 Sep 2007 00:11:50 -0500 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? http://www.babypips.com/blogs/pipsychology/look_inside_yourself.html http://www.babypips.com/blogs/pipsychology/look_inside_yourself.html Wed, 12 Sep 2007 03:39:11 -0500