Psychology

Tried and tested strategies work in getting consistently profitable trades. But for some elite traders, stepping outside the comfort zone is necessary if you want to expand your skill set. Here are some tips to get you started.

Every business, big or small, must have a mission-vision statement. It serves as the most basic foundational guide in establishing what an entity aims to do.

Are you journaling religiously but still can’t figure out what you’re doing wrong? Videotaping yourself while you trade may yield different results.

Congratulations! You have successfully proven your trading skills through demo trading and you’re now ready to go live. But why are you having a tough time repeating your demo success on your real account?

If you’re like the elite traders who are committed to improving their skills, then you’ve probably thought of making changes to your trading approach for the second half of the year. Here are three things that you have to remember in order to successfully implement those changes.

Trading psychology articles often talk about winning and losing trades, while breakeven trades are frequently overlooked. What many don’t realize is that there’s more to them than just the zeroes they register in your trading journals.

Have you ever gone through a rough patch in your trading and couldn’t seem to figure out what was going wrong? Allow me to guide you in pinpointing what could be the root of the problem.

Have you ever been unnecessarily over conscious about your trading that it affected your performance negatively? Here are some tips that can help you overcome such anxiety.

In life, there are ups and downs. There are times when the good things just seem endless and you feel invincible. But there are also be occasions when you feel that everything is going against you.

In most of the posts I write, I usually pull from my expertise and personal experiences to help both budding and experienced traders in their trading. But this time, I’d like to do something different. Find out what I have in store for you after the jump!

Being good at a particular trading strategy could help you grow your account. However, you shouldn’t be satisfied in being an expert at one approach. Here are three ways to help you diversify your trading strategies

Okay, so you’ve managed to get back from a slump and you’re actually on a roll! Now the question is, how do you stay in the zone?

Ever heard of the good ol’ recency bias? The phrase gets thrown around a lot in the foreign exchange market, so I thought it would be nice to talk about it in today’s issue of Pipsychology.

In trading, I’m a strong believer in the saying, “No man is an island.” I have written articles about the importance of having your own trading group in the past. However, I also know that trading groups isn’t for everyone.

Here’s an interesting idea: Talking to yourself while trading could actually work in boosting your profits! Read on to find out how self-dialogue or priming plays a role in trading.

Every day I see traders blindly following the signals given to them by their trading method. It is almost as if they’re mindless robots just jumping in because their method says get in.

When you’re risking your own money, do you feel the need to find that secret that nobody yet knows or find the perfect forex trade setup?

As an aspiring trader, one important attribute that you must have is dedication. However, in this day and age when opening a trading account is as easy as calling a broker, filling up a few papers, and depositing money, this trait has become so easy to overlook.

I’ve talked about how sharing the same characteristics with poker players and elite athletes can help you with your trading. This time, I’m gonna tell you why you should trade like a scientist.

They say that a greedy person and a pauper are practically one and the same. This couldn’t be more true for us traders.