Psychology

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.

Blowing up a forex account is a lot more common than you think. The bright side is that even some of the best traders have hit rock bottom and come back to become consistently profitable traders.

Keeping an open mind will enable you to become a better “listener” of the markets, rather an “imposer” of your own thoughts and views.

Do you find yourself trading too often or risking too much? Are you taking setups that don’t meet your forex rules? Here’s why you should stop forcing your trades.

Unless you’re IMF secret agent Ethan Hunt who can pull off risky stunts on the fly and emerge unscathed, you should take some time to map out your exit strategy even before you enter a forex trade.

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.

These days, it seems that most forex pairs are just going in one particular direction and it makes no sense to go against the herd. Is it worth taking a contrarian approach?

Have you gotten trapped in a market ambush and been unable to make the proper trading decisions then? Here’s how you can avoid getting caught up in unforeseen events next time.

Losing streaks aren’t uncommon in the trading world. If you’re in a slump, better take a look at these forex factors to get your groove back.

Whether you like it or not, spending a considerable time in the forex arena is bound to take over some aspects of your life and that’s not necessarily a bad thing. Here are five more signs that you live and breathe forex trading.

Whether you like it or not, spending a considerable time in the forex arena is bound to take over some aspects of your life and that’s not necessarily a bad thing. How many of these have you experienced?

Forex traders tend to have tunnel vision in assuming all responsibility for trading, but what you need to understand is that having the right support around you is just as essential to your success.

I usually encounter a lot of questions regarding the ideal amount of capital you should put in forex trading. Here’s my advice on capitalization.

Now that the summer doldrums seem to be setting in, forex traders might want to brace themselves for lower volumes and volatility. Here’s how you can adjust.

Mental burnout is indeed a terrible thing as it interferes greatly with forex trading performance. Here are some ways to avoid undergoing this nasty situation.

With all these strong forex market trends going on these days, I’m sure you’ve thought about pressing your advantage on a winning trade. Here are some tips that might help.

Traders that have difficulty letting winners run may miss out on big moves in fear of losing potential forex profits. Here’s how you can build the confidence to press your advantage.

Are you really passionate about forex trading or are you showing signs of addiction? Here are some tips on how you can deal with the latter.

In forex trading, consciously sticking to your rules is a solid step towards forming good habits. Here are some steps that you could take.