Blog  Trading Psychology

The Fear of Missing out a trade, or as known as FOMO in trading, is one among other emotional states in trading that are put on the test over and over again. Before we dive into the fear of missing out, for the purposes of this article, let’s tweak the dictionary definition just a bit. […]

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 […]

Part 1 in our series detailing market tricks and deceits What is a whipsaw pattern and whipsaw effect Traders and nontraders alike all know that the market is a hard puzzle to solve. It’s a tricky enigma because it never goes in a simplistic up and down pattern. Though when you step back and take […]

Minding the Gap If you’ve only recently joined the ranks of live traders, the term 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. In […]

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 and free ourselves from their push and pull. […]

There is no such thing as a perfect trading strategy. Full stop. Repeat that to yourself over and over again until it’s burned in your brain. Whatever gurus or educational programs offer or promise, never forget that big truth – there is no perfect trading strategy. The perfect trading strategy doesn’t exist because everything that […]

Imagine an equilateral triangle. Three equal sides, existing as a whole together. Occasionally, one might pull at the other two. One side might grow while the other two shrink. The triangle might morph into an acute or an obtuse triangle before settling back in as an equilateral. If you can picture this, you’ve essentially just […]

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 longer price range in stock, or forex, or any other financial […]

Ever since our days in the cave, we’ve been hard wired to experience fear as a mechanism for survival. But in the modern world, many of the things we’ve been conditioned to fear have no place in our lives anymore. By continually fearing antiquated boogeymen and monsters, we only impede our abilities to achieve the […]

Here’s a little thought exercise for you – think of the last book you read. Got it? Now try to remember the specifics of the book. Chances are that as you try to recall the specific events, you might remember the beginning but then the middle turns to mush, opening up to a much clearer […]

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 who refuse to accept that […]

Imagine the freedom of being your own boss. You get to work when you want, how you want, and where you want. You’re free to take risks and chances without the peripheral gaze of overbearing authority. Everything is planned, implemented, and followed upon by you. But while this is true, it might not be as […]

Stick with us here as we tell you something that might not be the most popular idea amongst traders. In fact, it might even strike many of you as counterintuitive. Ready for it? Here goes – losses in trading are not failure as long as they are incurred according to the parameters laid out in […]

How to build a low risk portfolio The market is subject to countless forces beyond our control. Political strife, natural disasters, underwhelming forecasts, all of these things can derail even the most well thought out and carefully planned trading plan. So, without the necessary foresight to predict all of the uncertainty the market will throw at […]

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 if you want to make it as a professional trader. In a market environment full of uncertainty, what tools can we give […]

The Detriments and Impacts of Trying to Predict the Markets You want to make it as a trader. You’re smart, bold, courageous, and a voracious consumer of financial and related news. Each morning, with coffee in hand, you pour over the early day’s news looking for signs. Rumors of war, impending tariff disputes, proposed regulatory […]

How to decide what type of trader are you What is your trading style? A lot of people consider investments 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 and trading through this avenue. Investing is about slowly building […]

Use These Attributes to Grow and Enhance Your Day Trading Career It may seem as if developing a career in forex day trading is about finding a strategy, practicing it regularly, and making bundles of money. Yes, it is about that. But, where are our characteristics on that list? To become a successful day trader, […]

Forex Trading isn’t Complicated – If You follow a Detailed and Winning Trading Plan! The common problem that most forex traders deal with when first starting out is the lack of a proper trading plan. Most traders don’t bother with a trading plan, because they think it is going to be complicated. However, that is […]