Psychology

Think you’re ready to expand your forex trading horizons? I’ve got a few simple tips to help you take your game to the next level pronto!

More than the money you put in your account, you also invest your mind in forex trading as well. This is where psychological capital comes in.

If you think that demo trading is boring and pointless, here are some ways to help you take it more seriously and learn the necessary lessons before trading live.

Now that we’re almost done with the third quarter of the year, it’s as good a time as any to make a few tweaks and find ways to improve your forex strategy.

Every good trader will tell you that keeping a trading journal is as important as the shirt on your back, if not more important. Here are the forex stats you should record.

Do you just follow the crowd because you’re avoiding embarrassment or afraid of taking risks? Here’s why you should consider taking a non-conformist forex approach.

The forex market also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless. How can you get over this heartache?

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?

If you fail to prepare, then you are preparing to fail. This principle definitely applies in forex trading so I came up with three tips to help you out.

Developing discipline is difficult, but it is a necessary and important trait for any forex trader whose goal is to someday become consistently profitable.

One of the downfalls of aiming for a certain amount of profits each day is that you could wind up feeling frustrated more often than not. Focus on the process instead.

Before you open a live forex account, it is important that you familiarize yourself with the most common trading psychology mistakes newbies make.

In addition to the usual entries included in your forex journal, here are a few often-overlooked performance metrics that you should also keep track of.

Trader’s block normally occurs after a big loss, crippling one’s forex decision-making out of fear of incurring another losing trade, but it can also take place after a big win.

Those crazy forex market moves we saw last week just goes to show how forex conditions can shift on a dime. Here are some tips on how you can adjust.

Deliberate practice becomes much easier when you, as a trader, expand your knowledge of forex trading. Here are some tips that might help.

Pros in almost every field – whether it’s in finance or the arts – apply deliberate practice to speed up their learning process. How can you use this in forex trading?

In forex, fear comes from the increased possibility of losing money, which can happen anytime for a trader. Here are three steps to help you deal with this.

In my previous entry, I’ve discussed the importance of reviewing your worst forex trades. But how can you distinguish between a good trade and a bad one?

In forcing yourself to identify the emotions you felt when you made bad trading decisions, you might be able to see a negative pattern in your behavior and take actions to correct it.