Dr. Pipslow

Winning feels good and can make us feel like we’re invincible, but overconfidence wind up chipping away those profits. Here’s how you can prevent that.

In keeping these two “truths” about forex trading in mind all the time, you can be able to gain a psychological edge and cope with losses better.

Even before you enter a trade, you should already have your exit strategy laid out. You can ask yourself these four questions.

Why do traders have a hard time maximizing their trading winners? Here are a couple of tips to help you increase your confidence enough to press your trades.

Even seasoned traders occasionally freeze when faced with unforeseen events, but there’s always a way to stay in control and manage your trades well.

Much has been said about having a trading strategy and sticking to the plan, but what exactly do you need to build a profitable one?

Having trading biases can impair our ability to read the markets objectively and make good trading decisions. The first step to overcoming these biases is to become fully aware of them.

For forex traders, there are three general types of self-talk that we usually engage in, each of which has both positive and negative implications to it.

Recency bias negatively affects the way a forex trader analyzes the market, as it clouds his judgment and damages his decision-making skills. Here’s how you can avoid it.

There’s often a misconception that all winning trades are good and that all losing trades are bad. See, there’s more to it than just making profits.