Psychology

How do you know when you’re ready to let go of the training wheels and open a live forex account? Here are some questions you should ask yourself first.

To become consistently profitable, you have to stay rational and emotionally detached. Here are 3 points to remember to help you keep your cool when trading currencies.

While I’m a big fan of allotting time and effort to improving your forex strategies, I also believe that too much trading could do you more harm than good.

Losing is as much part of forex trading as winning. However, a stream of losses or consistent lack of profits could be a sign that changes need to be made.

Making money in a trending or high-volatility trading environment is easier for many forex traders. Being consistently profitable when there’s not much going on, however, is a bit trickier.

Forex trading is a business and, like any other business, it needs the right set of tools in order to maximize your trading skills. Here are some tips on setting up your trading station.

Being in the zone comes down to how well you can maintain focus and pure concentration. Here are some tips on how you can apply this in forex trading.

Having trading biases can severely impair our ability to read the markets objectively and make good trading decisions. Are you guilty of any of these?

Positive thinking is simply being optimistic about things and hoping for the best possible outcome, but this mindset can be damaging to your forex performance when left unchecked.

Trading is a matter of getting the law of averages to work in your favor. Don’t let unjustified wins interfere with your ability to maintain discipline.

The importance of growing psychological capital is probably even more important than increasing your account balance when talking about long-term trading success.

What does being “flexible” mean for forex traders and what habits can we learn to develop trading flexibility? Let’s answer the most common questions.

Ever get blindsided by an unforeseen event in trading? Here’s how you can train yourself to make calculated decisions while dealing with the fear and shock from a market ambush.

Just because you’re improving your forex trading skills doesn’t mean you have to be in front of your charts all day. Here are five non-trading activities that might help you bring your A-game.

Time and again forex traders have looked for opportunities to change their existing habits. Unfortunately, not everyone is susceptible to change.

They may not know it, but a lot of profitable traders could do much better if they just recognize and learn how to get past their fear of losing their ground.

Position size is a double-edged sword. It can make you big profits, but it can also lead to big losses as well. Make sure you practice proper position sizing!

We here at BabyPips.com have always stressed the importance of deliberate practice to improve your forex skills. Here are 4 factors that could sabotage your process.

Success in forex trading takes time, patience, and a lot of practice. Do you think forex trading is for you?

If you’ve hit a slump with your forex trades, it might be helpful to zoom in to these three aspects to figure out how to recover and get your trading mojo back.