Forex Blog |  Forex Trading Psychology

Don’t Expect to Find the Perfect Predictive Trading Strategy Formula There is no such thing as a perfect trading strategy. Full stop. Repeat that to yourself over and over again until it’s burned into your brain. Whatever gurus or educational programs offer or promise, never forget that big truth – there is no perfect trading […]

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 of FOMO trading […]

  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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]