Forex Blog |  Forex Trading Psychology

Stop Loss Techniques In a perfect world, we wouldn’t need stop loss techniques because 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 […]

A Day In The Life of a Funded Trader There are two main types of traders – the trader who chooses it as a career and then all of the rest. If you’re a funded trader, it means you’ve decided on a career in trading, or at least that you expect to make a living […]

Defusing your Feelings and Conquering your Emotions In the heat of the moment, when you experience a sudden rush of emotion (fear, excitement, joy), it’s easy to let that emotion take control. Overcome by feelings, our analytical minds shut off and we fall into the full power of emotions. Whether the feelings are positive or […]

Trading Alone is Negatively Impacted One of the most challenging aspects of trading is – 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 world even without realizing it. Humans are […]

Are You a Revenge Trader? While it may sound like the newest superhero saga to appear in the Marvel Universe, the Revenger Trader is anything but a hero. On the contrary, revenge traders are to be feared and avoided. They are traders who fail to admit when their trades are going towards a loss or […]

At the core of negative Trading Emotions, fear, greed, and hope thrive At first glance, many of you might look at the headline and think “fear and greed are bad, but hope? Isn’t it good to have hope?” In most instances, sure, hope can be a very positive motivator. For example, before you start trading, […]

Conquering the major emotional states associated with trading The best traders psychology advice to mentally prepare a trader for success in the market is a simple premise, but one that is in conflict with our natural state and therefore exceedingly difficult to achieve. To conquer the psychological roadblocks, we as traders need to transcend them […]

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 […]

Conquer the mental game with these time tested trading Psychological 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 […]

Leverage Trading 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 […]

Forex slippage control If you’ve only recently joined the ranks of live traders, the term order slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education only deals with theory and prices in a lab environment. […]

Why it’s necessary to accept and harness your emotions in order to be a successful trader Trading Psychology – We can never be neutral in our emotions. No matter how hard we try, we will always feel something, in some mood, and in some direction. For traders who think this is a bad thing when […]

How to Create a Trading Plan that Guides You Through Your Trading Career 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 […]

The Winning Trading 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 not be taught to just anyone, is the trader’s mental game to achieve […]

Taking a loss is the hardest job on Earth How do you feel when taking a loss? Do 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, […]

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, […]

Have confidence in your trading strategy 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 pull the trigger on our action, it can all malfunction instantly. This type […]

Controlling fear in forex trading The term “scared money don’t make money” is used in many ways by members of the hip-hop community and in the world of financial markets and investments. But what does that mean? People who are too afraid to take risks in business, life, and financial markets are unlikely to make […]

How to decide what type of trader you are  A lot of people consider trading to be the best form of making money, so it comes as no surprise to learn that a lot of people learn about financial markets through this avenue.  There’s a lot of forex traders that do not have a clear […]

Swing Trading Forex Swing trading is a type of trading strategy that targets long rallies or long drops. Swing trading is also known as long-term trading or trend trading. It involves holding a position over several days or weeks. By holding the position, traders attempt to capture a longer price range in stock, or forex, […]

Portfolio Analyst Monthly Overview  Forex Trading Insights  – At The5ers, we get to speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We hear about the traders’ challenges and successes! From these talks, we get to learn a lot of important insights regarding trading performance that might […]

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 […]

Taking the guesswork off Forex trading Is forex trading gambling? Every time I find myself in casual company, introducing myself and telling people what I do for work, I’m usually met with the same response: “Oh, you’re a gambler, right?” I can’t count how many times I’ve heard this from new friends or acquaintances and […]

How to dominate risk in Trading? Without a crystal ball or some other clairvoyant lens into the future, you can’t expect all (or most) of the changes in the market. Still, you have to be providing a steady income and reduce your trading risk, if you want to make it as a professional trader. In […]