Psychology

Demo trading is important for building skill development and trading psychology before putting real money on the line. Problem is, most newbie traders slack off after a while.

Aiming for a good reward-to-risk ratio can help improve trading expectancy but also increase the pressure on you. How can you find one that works best?

“Recency bias” is a buzzword that gets tossed around frequently in trading circles, but what does it actually mean and how can you prevent it from sabotaging your trading success?

Successful traders are made, not born. Nothing can prove this concept more than the story of the Turtle Traders.

What are these “levels of competence” and can they be applied to your trading journey? We’re talking about the 4 levels you should know about.

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.

One of the most common problems for traders is learning when and how to cut losses and hold on to winning forex trades. Here are some reasons why traders struggle to maximize gains.

If you feel frustrated over your performance, don’t worry. It may be that you’re forgetting a few basic truths about trading.

When starting a new hobby or endeavor, it’s easy to get suckered into buying things that you think you need but eventually find that you don’t, at least not in the beginning.

Self-discipline is NOT a trait that you are born with, but it is a necessary trait for any trader whose goal is to someday become consistently profitable.

Taking more trades won’t necessarily translate to more profits, but if you think short-term trading is for you, then here are five things to consider.

The fear of success can be just as real and detrimental to some traders, just as the fear of failure. How can you ensure you’re not sabotaging your progress?

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?

Getting sick of the good ol’ trading tips for beginners? Here are some unusual (yet very helpful!) pieces of advice I’ve garnered from trading pros. 

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.

A single mistake could spell the difference between winning and losing a trade, so it’s important that you develop the habit of carefully entering your trade orders.

By creating a process and setting trading rules for yourself, you can achieve consistency in your execution, which is the first step to becoming a consistently profitable trader.

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

Are you still trading whatever setup you come across? Here are four factors you should consider when trying to pinpoint your forex trading niche.

Trading conditions have been pretty fickle, so it’s important to adapt. But this doesn’t mean abandoning your trading plans altogether!