Psychology

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.

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

Think you’re tracking all you need to track in your forex trading journal? Here are five helpful metrics that, unfortunately, don’t often make it to traders’ journals.

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 common newbie problems.

By embracing weakness, you allow yourself to grow and broaden your horizons. You learn what works and what doesn’t, leading you to become a stronger and more successful trader.

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.

One of the most common beliefs in any high-performance endeavor is that practice makes perfect. Unfortunately, repetition does not always guarantee progress.

In my previous Pipsychology articles, I often discuss the things that can be done to improve one’s trading performance. This time, let’s take a look at some of the reasons why most traders fail.

As forex traders, we are constantly pressured to make profits that we sometimes lose sight of the importance of sticking to the trading plan or practicing proper risk management.

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.

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.

If you’re planning on adding “scaling into positions” to your forex trading skills, then you should at least be aware of the possible effects of adding to winning or losing trades on your trading psychology.

Nobody likes close a losing trade. But forex price action is random and having wrong trade ideas is inevitable. Here are three factors you CAN control to limit your risk exposure.

How do you make profits on weeks when there are no new catalysts to shake up the forex markets? Here are a few options you could take.

Before you venture into home-based forex trading, you should know that there are differences between trading from an office and trading from home.

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.

Revenge trading is one of the most common and most dangerous practices for forex traders. How do you know when you’re doing it and how can you avoid it?

It’s easier for forex traders to assume that one good strategy would yield consistent profits. Unfortunately, this is not always the case.

Did you blow up a live trading account? Don’t worry, it’s more common than you think. Not only that, but you can bounce back from the situation. Here are four steps that could help.

There’s no lack of traders who are willing to share tips to help maximize wins and minimize losses. Let’s look at four common suggestions and why forex newbies should pay attention to them.