Psychology

It is said that the failure rate in the forex industry is very high, with more than 95% of aspiring traders expected to drop out of the game within their first few years of trading. How can you avoid this?

The beauty of breakeven forex trades is that although you may not increase your account with them, they do enable you to protect your capital.

The problem with part-time trading is that trading itself is very difficult and that there are many obstacles that one needs to overcome before becoming consistently profitable. Here are some tips that might help.

Without a sound mind and body, forex traders will find it extremely difficult to focus and stay alert. Here’s why you should maintain your well-being.

Traders can find themselves bored with trading when there’s very little movement in the forex market. Here are some tips to overcome this.

Have you ever been unnecessarily over conscious about your trading that it affected your forex performance negatively? Here are some tips that might help.

For many forex traders, achieving a work-life balance is especially difficult so I came up with a few tips to help y’all out!

Trader’s block normally occurs after a big win or loss, but it can also happen out of fear of repeating a losing forex trade.

In this edition of Pipsychology, I’d like to focus on some of the other forex metrics that tend to be overlooked but can provide critical insight on one’s trading.

Forex traders are in the business of trying to be consistent and making money in a seemingly random work environment. The key is to think in terms of probabilities.

In this edition of Pipsychology, I’ll discuss the specific action steps required in self-coaching for beginner forex traders.

For beginner traders looking for a cost-effective yet efficient way to speed up the learning curve in forex trading, self-coaching can be a good option.

Forex trading is not the line of work you want to be in if you’re a perfectionist. Remember there’s no such thing as a “perfect setup” or a guaranteed profit.

When you’re in a slump and you watch your forex account bleed out, it can be quite hard to find the right motivation to continue trading.

Properly managing your open positions is just as important as coming up with a solid trade idea. Here are three guidelines to help you execute your trades properly.

Frustration may be an occupational hazard for forex traders, as losses and even huge drawdowns can happen every now and then.

Much has been said about the importance of mastering your trading psychology. Used properly, a psychological trade journal can help you track your behavioral tendencies and their usual outcomes.

As we trade in a world of constantly shifting sentiment, what can we do to prevent uncertainty from crippling us with fear?

Ever reached that point where you just wanted to throw your hands up in the air and give up on your forex trading plan? Before you do, make sure you’re not guilty of these things.

In more ways than one, the forex market is like a battlefield. Just as in warfare, the elements of risk, uncertainty, and danger in forex trading are always present.