Psychology

Thinking of trading larger positions? Here are three tips for you!

As much as we like watching them in popular cooking shows, professional chefs can offer more than our daily entertainment. Here are four things forex traders can learn from our kitchen-dwelling friends.

Have you ever gone through a rough patch in your forex trading and couldn’t seem to figure out what was going wrong? You might be encountering some of these problems.

Like any necessary activities in forex trading, testing your strategies can provide you with the tools you need to get that extra edge over the markets.

Forex trading comes with a lot of non-monetary benefits that are probably just as valuable, if not more so, as potential capital gains.

If you’ve caught yourself thinking that you’re doing something wrong over and over again, maybe it’s time you start a psychological journal.

While discipline is important, we also have to watch out for when our trading process makes us impose our ideas on what the market should do, instead of reacting to what is actually happening.

Ever heard of the term “writer’s block”? Well, this condition can apply to forex traders, too! Here are some tips on how to overcome a “trader’s block.”

Most trading psychology articles encourage you to work on your weaknesses, but it’s equally important to keep building on your strengths. How can you identify these, to begin with?

Just because a majority of the traders out there have a certain trading bias, it doesn’t necessarily mean that they’re right. When should you go against the flow?

If you’ve been in the trading scene long enough, you start to notice common sentiments across different discussion groups. I’ve listed down five usually heard from forex newbies. Any of these familiar to you?

For forex traders, the major sources of psychological pain tend to involve losing capital and/or being on the wrong side of trades. How can you deal with this?

Traders often focus too much on making money instead of becoming a good trader. Unfortunately, this practice is hardly the way to consistent profitability.

There’s nothing wrong with setting high expectations but problems could arise when you set unrealistic ones. Here’s why managing expectations is important to your trading success.

If you want to make money in forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis. Here are some tips to consider.

Successful forex traders have rock solid discipline. They plan every one of their trades, then they simply trade their plans.

On the internet, it’s easy to get answers but it’s very hard to get the right ones. Here’s why learning from successful traders is the most efficient way to get secondary information.

Not being able to stick to your forex trading plan may be more than just a result of mere impulsiveness or the lack of discipline. Here are some other factors you take a second look at.

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.

Forex trading requires you to deal with risk and the unknown every single day. Here’s how you can take control of stressful situations and use them to your advantage.