Psychology

In the School of Pipsology, we highlighted some of the things that you should keep track of in your trading journal. Now, let’s focus on some of the other statistics that tend to be overlooked but can provide critical insight on one’s trading.

You may not be aware, but there are such things as good LOSING trades and bad WINNING trades.

Trading outside your comfort zone can be as simple as taking the next valid trade despite a string of losses or trading during a different trading session.

We here at BabyPips.com believe that proper position sizing is THE single most important skill a trader should have. Yup, that’s right – it’s THAT critical!

I’m sure you’ve come across the term “writer’s block”, which occurs when an author loses the ability to produce new work. How does this apply to forex trading and how can you cope with it?

Let’s take a look at some of the dangerous psychological pitfalls in trading. Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account.

Have you ever wondered how casinos actually work and make money consistently? Here are some insights we can draw from casinos and apply to forex trading.

To be a successful trader, you have to do more than simply trading when the markets are open. You have to prepare for what you’re about to get into so that you can make smart and well-informed decisions when it’s time to actually trade.

In one of my recent Pipsychology articles, I’ve discussed the financial aspect of becoming a full-time trader. In this article, let’s take a look at another less tangible but equally important factor, which is the passion for trading.

For those who have only heard of forex trading over the summer or are seriously considering becoming a currency trader, here are 5 excuses that you shouldn’t be making

Thinking about leaving your day job to become a full-time forex trader? Don’t hang your suit and tie just yet! Ask yourself these questions first before making the shift.

For the majority of traders, trading forex is done part-time. You all know the challenges of part-time trading, so here are some useful tips to help you along your path!

Want to take your trading to the next level, but you just can’t seem to improve on your profitability? Then read on!

To some extent, the expectations that we set tend to influence our mood, way of thinking and actual experience. Are you guilty of setting unreasonable trading expectations?

In this week’s edition of Pipsychology, I’ll teach y’all a little trick to help you develop and maintain an open mind while trading.

While it’s very important to know how and when to enter a trade, it’s equally crucial to know when to exit.

It’s perfectly normal to lose enthusiasm and focus when demo trading. Keep in mind though, that demo trading is all part of the process of becoming an ELITE trader! Here are three tips to help you take demo trading to the next level!

Traders often make the mistake of acting on their predictions about price action instead of developing biases. What’s the difference between predictions and biases anyway?

As we continue into a world of competing monetary policies, unsteady global economic recovery, and constantly shifting investor sentiment, what can we do to prevent uncertainty from crippling us with fear?

In last week’s Pipsychology article, I discussed the three most overlooked risks in forex trading, one of which is the risk of boredom. In this article, I’ll give y’all some tips to overcome trading boredom.