Blog  Trading Psychology

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 […]