Blog  Trading Psychology

  Market anomalies can happen any time with or without any proper warning. It is our duty as traders to know how to protect our forex orders from such events? These extreme unpredictable events (market anomalies) can be the main reason why some traders can’t become profitable, only because they are trading at the wrong […]

Leverage in Forex Trading – A close look at one of the most intriguing elements of forex trading It’s no secret that forex traders have a healthy appetite for high leverage. However, all too often high Leverage is a nasty trick played by retail brokers to dazzle traders with a utopian and false promise of […]

What We Think Doesn’t Help, Actually Does! There is a typical pattern where traders are more often avoiding their emotions in trading. But what we don’t realize is that emotions are not a bad thing. The negative thing is actually about traders avoiding them, which lands up taking away the advantage of the human mind, […]

Trading for a living is not an exercise in isolation One of the most challenging aspects of trading is – the loneliness. Unlike other careers where people always surround you, many professional traders who move from an office to working at home, end up hibernating in that office. It becomes easy to shut out the […]

4 Keys to Creating a Systematic and Achievable Trading Plan It’s one thing writing an article about why trading according to a plan is the only way to go. But without giving the traders the tools of how to create a trading plan, success may not be as reachable as your true potential could be. […]

Traders cannot really predict the market. It’s a trading trap. Any trader will tell you that behind every good strategy lies at least a tiny amount of logic. This base claim seems somewhat obvious because why would a trader assess the market according to what seems to be a reasonable strategy, but a yet unstable […]

Why Being an ‘All-in’ Type Trader is a Failing to Face Reality? Perhaps one or two trades do go your way. Heck, hopefully, you will then manage to string together a half dozen good wins. You trade from your gut and is fearless when it comes to adding onto a losing position. Your instinct has […]

Taking a loss is the hardest job on Earth How do you feel when taking a loss? Does your stomach churn and heart palpitate? The feeling after a loss can linger for minutes, hours and sometimes days. Taking a loss is definitely not as fun as taking home the trophy. But if we, as traders, […]

6 tips to help rewire your brain into making better decisions when it comes to trade management Why do you need trade management? Well, imagined that you’ve poured over the charts, you’ve learned everything you can possibly learn and you’ve built what you believe to be an almost fool-proof setup. So, why aren’t your trades […]

Conquer the mental game with these time tested trading psychology tips and tricks No matter how much you learn, study, or practice, trading psychology is one variable that will dictate your success in the market above all else. However, if you are patient and able to wrestle it under control, the variable can turn into […]

These day trading tips and tricks will give you a leg up when working to succeed in your career as a trader With the rise of the internet and the ease of access with which anyone who has a stable connection is able to tap into financial markets, day trading has become an extremely lucrative […]

Strategize and map out your trades so you don’t get lost in the market As obvious as the concept of planning your trades before. The reality is that many traders don’t. With some strategies, momentum and/or the alignment of combinations of positive indicators dictate whether a trade should be entered or exited. However, the trade […]

Achieving the ideal setup to conquer the market You’ve set up your trading room or office and crafted a powerful strategy you can rely on. Next, you went out and set yourself up with a live trading account. Now, it’s time to take money from the market. But before you dive in head first, ask […]

The Winning Mindset. Anyone can learn how to trade. The technical trading know-how of the craft is readily available through online courses, tutors and mentors. But this is only half of the trading equation. The other half, the part that can’t be taught to just anyone, is the trader’s mental game. Technically proficient traders who don’t master […]

Which one are you? Zoomed in, we all have unique trading personalities. Our emotions, skills, and knowledge come together to create a unique personality that requires a carefully crafted trading plan and strategy to succeed. But zoom out a bit and we start to fall into archetypes. Our behaviors look more and more similar and our […]

Why stop losses are your best bet against runaway losses We’ve said it before and we’ll say it again: a successful trading career is built around effectively managing risk. Traders who don’t take the proper precautions and who don’t plan for negative outcomes will quickly find themselves in situations that they’re unable to manage and […]

How to avoid a false sense of security when it comes to winning it big Having a trade that is very successful isn’t always all it’s cracked up to be. The downside to hitting it big every so often is that it often puts you in a euphoric state of mind. This joy and confidence, […]

How the big money players manipulate the market Institutional or big money traders are playing a different game than your average trader. Even though the playing field is technically the same, institutional traders have different tools at their disposable and a different way to play the game. It’s very important for any trader to understand these […]

The three best (and worst) times to trade forex The forex market is wide and offers great opportunities to anyone with a solid trading strategy and plan. Where and when you work is up to you and with a well-disciplined approach, market success is attainable. But although the market offers much flexibility when it comes […]

In a perfect world, we’d all win and keep on winning. However, traders of all skill levels and experience will quickly tell you that such a utopia is not reality. The non-fantasy market conditions we trade in are full of losses, and at times, devastating ones. Once we accept losses as a mainstay of the forex market, […]

How to get right back into trading after a loss We’ve said it before and we’ll say it again – Trading is hard. In fact, trading as a profession is one of the hardest jobs out there. If you pooled together everyone who’s ever tried to make it and compared that number to those that […]

Tackling the question using the inversion method Berkshire Hathaway vice chairman, Charlie Munger, when asked about how he coped with missing out on opportunities like Amazon and Google, famously explained that losing and missing is a part of trading and what really matters is – at the end of the day, you’ve won more than […]

Have confidence in your trading strategy: How to overcome doubt and fear in order to reach your maximum potential Fear can be crippling. Despite everything being in order and prepared, a well-placed strike of fear can potentially ruin it all. We can drill, prepare, practice, and think we’re ready. But when the moment comes to […]

Applying the tennis legend’s tips for the court to success in the financial market Occasionally it’s a good idea to step back from your environment and look at different arenas which might have parallel, applicable lessons. It’s helpful to see similarities in those other worlds in order to make your understanding of what needs to […]