Psychology

Much has been said about the importance of being prepared for potential forex market surprises. Here are the important habits to develop in order to stay prepared.

When you’re on a winning streak, being overconfident can sometimes hurt your forex trading performance. How can you avoid this?

So you’ve been trading on a demo account for months now and you think you’re ready to go live. But are you REALLY ready? Here are five ways to check.

In forex trading, it is very easy to get lost in the game. In the process of trying to catch pips, you might be forgetting these risk management practices.

In trading, the battle begins even before you open up your trading software. This edition of Pipsychology will guide you in warming up for your forex trading day.

As many forex traders have discovered, trading comes with a lot of non-monetary benefits that are probably just as valuable, if not more so, as potential capital gains.

In my earlier entry, I listed five ways to tell if forex trading is taking over some aspects of your life. Here are five more experiences you can most probably relate to!

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?

Actively managing open positions is just as important as coming up with your plan. Here are some tips to help you improve your trade management.

Here are some words of wisdom for forex newbies from experienced traders themselves. Jumpstart your trading career with these helpful tips!

Which among these all-too-familiar trading struggles do you undergo regularly and what do experienced forex traders recommend?

Greed is often considered the most dangerous emotion for traders, even worse than fear. Here are some tips to overcome this emotion.

There are several similarities between forex trading and poker, as these involve playing the odds and determining your risk based on the cards you’re dealt.

A full-time forex trading career might take its toll on your personal relationships so you might need these three tips to build a strong support group.

If you feel overwhelmed or confused by all the advice you get from other forex traders, let these three tips be your guide in sifting through all the information.

You might not be aware of it all the time but forex traders like you and I have this tendency to talk to ourselves during the actual trading process. How does your self-dialogue affect your profitability?

One of the biggest challenges in forex trading is to keep a positive mindset even if your account balance is negative. Here’s a step-by-step guide than can help you regain confidence.

If you’re having a hard time accepting your losing forex trades, think of these losses as a close friend that you can learn from.

With forex trading success comes higher expectations, and this could bring more anxiety. How can you cope with the additional pressure?

Are you just in it to win it? If you think you’re becoming too hooked on forex trading, here are some ways to overcome this addiction.