Psychology

As a newbie trader, you have constantly been encouraged to practice demo trading first before going live. However, live forex trading performance can differ from demo because of these factors.

It’s the start of a brand new trading quarter, fellas! How are your forex trading resolutions holding up? If you think you could use a little help sticking to your goals, here are three tips on sustaining changes.

Once you are comfortable with a tried-and-tested forex strategy, you might want to consider trading outside your comfort zone. Here are three tips to help you get started.

Why is greed one of the most dangerous emotions for a forex trader and how can you avoid falling victim to this?

Enough experience in the forex market can delude some traders into believing that they can predict price action. This can be a dangerous assumption and here’s why.

In forex trading, preparation is only half the battle. So what makes up the other half? Execution. Here are some tips to help you manage your open trades.

As the global economy faces the possibility of slowing down again and as political leaders struggle amongst each other to resolve conflict, what can we do to prevent uncertainty from crippling us with fear in forex trading?

Risk management can determine whether you live to trade another day or not so it is important to understand and practice proper position sizing.

Frustration may be an occupational hazard for forex traders but it’s possible to deal with this negative emotion and prevent it from affecting your trading decisions.

Volatility has been picking up these days so you need to consider making the necessary adjustments to catch shorter-term price moves. How can you stay consistently profitable in ever-changing market conditions?

I’ve always been a firm believer that no trader is an island. No matter who you are, when trading gets tough, having someone to guide you can help the journey more bearable. But how can one find a good trading mentor?

Tempted to abandon your trading plan? Don’t give up on it just yet! You might simply be guilty of these psychological pitfalls.

Did you ever find yourself in a situation where you felt like the market was out to get you and that nothing was going your way? If you pushed too hard and tried to prove that you are right, then you could’ve wound up forcing your trades. How can you avoid this?

Now that you have a list of your trading resolutions for 2014 (at least I hope you have one!), it’s time to work on the proper mindset in making sure that you stick to your goals.

Ready for another year of making pips? Not so fast! For both forex newbies and pros out there, here are a few things you should remember before you make new trading goals for the 2014.

How do you wrap up your trading year so that you’ll be ready to hit the ground running when the holidays are over? Here are three simple steps:

Have you ever been in a situation where you had a strong hunch that a currency pair will behave a certain way but you didn’t feel gutsy enough to play that trade?

One of the first things that you should learn in forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders–both newbies and pros–have difficult with.

Without a process of deliberate practice and reflection like self-coaching, your probability of success in this business is significantly reduced.

The self-coaching process is very simple and at a bare minimum, only requires three things: 1.) a trading journal, 2.) lots of self reflection and being honest about yourself, and 3.) writing it all down.