How to Behave Like a True Trading Legend
Whenever you think of the most successful traders in the world, who comes to mind? Here are a few quick examples of noteworthy traders with a lot of experience: Carl Icahn is the richest trader in the...
View ArticleIs Forex Trading Addictive?
Trading addiction is a real problem, not unlike alcoholism or gambling addictions. Trading strongly stimulates the reward center in one’s brain and we become addicted to that rush. Trading can cause us...
View Article5 Questions Every Forex Trader Should Ask Themselves
Each and every Forex trader needs to not only create a trading plan and select his or her strategies but also need to prepare a money management plan, select a broker, and more. Answer these...
View ArticleHow to Avoid Analysis Paralysis
Analysis paralysis is a common anxiety experienced by many forex traders. Traders need to act quickly, but those suffering from this condition tend to over-analyze data, which can result in missed...
View ArticleHow Greed Can Both Help and Hinder Your Trading
Forex trading is often referred to as an emotional rollercoaster ride due to the ups and downs of various emotions that humans can experience while trading. When we’re winning, we feel excited or on...
View ArticleWhy Dedication is So Important For Forex Traders
If you have been looking over the internet, at the various social meiosis sites, forums, and trading communities, you would have seen some of the amazing success stories out there. Having seen them, at...
View ArticlePsychological Differences Between Demo and Live Trading
When you start out trading, often the first bit of advice that is given to you is to use a demo account, keep using a demo account until you perfect your strategy. While this isn’t necessarily bad...
View ArticlePreparing Yourself Mentally For Full-Time Forex Trading
Becoming a full-time trader is something that a lot of people aim for, it is the main goal for a lot of people, to get rid of that 9-5 job, to get out from under that boss from hell, but a lot of...
View ArticleShould You Trust Your Instincts While Trading?
Your instincts are powerful things, they can take hold of us when we are doing pretty much anything in life, out in the wild, our fight or flight reactions, playing sports and it most certainly rears...
View ArticleIs It Important that You Actually Enjoy Forex Trading?
It’s a very simple question as to whether you enjoy trading or not, however even some of the simplest questions can be quite hard to answer if you look into things in a little more detail, with a...
View ArticlePositive Thinking = Positive Trading: The Power of Positivity
Staying positive can be difficult, especially when things are no longer going your way, and when trading in the markets, there are countless things going on that can cause you to have a slightly more...
View ArticleDealing With the Stress of Forex Trading
Stress is a powerful emotion and it is not one that will shy away from forex traders or any other traders, in fact, it can take a hold of us no matter what it is that we are doing, even something as...
View ArticleCommon Psychological Mistakes For Newbies
There are psychological mistakes that you can make at any time during your trading career, and many people do, even those that have been trading for years. However, when you are just starting out,...
View ArticleDealing with Trader Frustrations
Frustration is a part of life, often it occurs when something we didn’t want to happen happens, or more work is created, frustration is also quite prevalent when Forex trading due to the nature of the...
View ArticleHow to Approach Trading Changes Positively
Change, something that you either love or absolutely loathe. Whichever approach is relevant to you, you are going to need to embrace change in life and especially when trading forex. There isn’t a...
View ArticleAvoiding Burnout While Trading Forex
Forex trading can be stressful. Anyone that tells you otherwise just won’t have come across one of their bad patches yet. Every single time you trade you are being put in front of a number of different...
View ArticleAvoid Psychological Mistakes that First-Time Traders Make
Psychology can affect one’s success as a trader in many ways, some of which may be more obvious than others. After all, forex traders can feel happy and overconfident when they’re up, sad or angry when...
View ArticleRegret: Is it Negatively Impacting your Trades?
Regret is a negative emotion that we’ve all experienced at some point in our lives. Something we wish we had said, a sinking feeling in our stomach after making a big purchase, a person that we wish we...
View ArticleIdentifying and Harnessing Your Trading Strengths
The internet is filled with resources for traders, including articles, videos, and other mediums where experienced traders can share information and tips that will help you. However, a lot of this...
View ArticleWhat is the Most Dangerous Trading Emotion?
Trading psychology is a broad topic that focuses on the ways that emotions like fear, anxiety, anger, etc. can cause us to make altered trading decisions that typically result in a loss of money. For...
View ArticleTrading Boredom and How to Deal with it
We’ve all experienced boredom from time to time, and in today’s day and age, the human race has spent a lot of resources developing all kinds of inventions to help us curb those feelings of being...
View ArticleSeven Cognitive Biases that Can Impact a Trader
I’ve always liked to investigate cognitive biases. Not being aware of them, could directly ruin a trader’s career or simply prevent someone from being a winner in the long run. This is because many of...
View ArticleBehavioral Finance: How Can it Help Us in Our Trading?
Due to recent developments at the global level, which led to “abnormal” behavior in the financial markets, I consider it very opportune to insist on the main contributions made by the discipline in...
View ArticleEmotions and Success in Long Term Trading
Trading is emotional for most of its participants. Your own emotions added to the emotional side of the market will largely determine whether you will end up a trading day as a radiant winner or...
View ArticleThe Supreme Discipline of the Forex Trader
Although the currency market is the largest market in the world, there are still many traders who have no idea how it works. So, the reality is that there’s a fair amount of prejudice against currency...
View ArticleAchieve Total Forex Competence in These 4 Simple Stages
The “four stages of competence” psychology model was created by management trainer Martin Broadwell back in 1969. It is used to describe the different kinds of psychological states one goes through...
View ArticleWhy Conspiracy Theories in Forex Might Only be Half-Truths
A conspiracy is definitely one of the terms that arise a lot of pros and cons among people, depending on the way of their thinking and using their common sense and healthy logic and presumptions. The...
View ArticleTrading Psychology 101: A Complete Guide to Self-Actualization and Prosperity
When we start learning about trading, topics such as consistency and rules make it the last on our list, especially because, with the pace and the stress of everyday life, we make a profit our...
View ArticleIf You Don’t Learn About the Pygmalion Effect Now, You’ll Hate Yourself Later
The Pygmalion Effect (or Rosenthal Effect), named after the legendary namesake king of Cyprus and renowned sculptor who fell in love with a female statue of his creation to which he named Galatea, is...
View ArticleTransformation of the Trading World Through Jack Bogle ETFs
Mahatma Gandhi said that when you try to change the world first they don’t notice you, later they laugh at you, and then they attack you, and finally, your enemies embrace the new world you have...
View ArticleTrading Psychology: How to Manage Your Forex Trading Fears
If you’re human, there’s no doubt that you’ve worried or felt anxious about things that affect your everyday life from time to time. This is a completely normal human emotion that often affects forex...
View ArticleTapping Into Mind Power for Ultimate Forex Success
Becoming a successful forex trader can be attributed to many different things, from higher education to dedication, money and time invested, available resources, and so on, but one thing remains the...
View ArticleHow To Make Forex Trading Comfortable?
Comfort in trading has several aspects, one is when we have a good trading practice, a system, or a strategy, yet we cannot find time for it to fully get effective. This is caused when our trading...
View ArticleForex Success: It’s All About the Winning Mindset
I have been wondering for some time now what role does our mind-brain play in trading? And I keep asking myself that because rivers of ink are written and written about the emotions we have when it...
View ArticleMistakes and Fears of the Modern Trader (and How to Correct Them)
Probably a lot of you know how to drive. If you don’t drive, surely you can find some similar perceptive-motor technique that you have ever mastered-cycling, skating, swimming, etc.- If you remember...
View ArticleUnderstand People and You’ll Understand the Markets
Every day the markets are more complex, more international, more liquid, with more people and robots operating in them. All this makes the current markets difficult to understand and above all, they...
View ArticleBEWARE: These Excuses Could Be Holding You Back from Dominating in Forex
If you search “forex trading” on any search engine, you’re going to find a lot of frequently asked questions from users that doubt trading is profitable. For example: “Is forex a scam?” “Can you really...
View ArticleThe Forbidden Truth About Trading Mindsets as Revealed By An Old Pro
Thinking about forex trading in the right way is central to doing forex trading in the right way, yet it isn’t discussed nearly enough. But why learn things the hard way when you can start out with an...
View ArticleWhy Do We Sabotage Ourselves Emotionally in Trading?
We spend our entire childhood and adolescence learning to control and develop appropriate responses to our emotions. We learn from our teachers, from our parents, from society, and from our idols...
View ArticlePsychology and Mathematics in Forex: Control and Calculations
Obsession with control is an exceptional feature in the animal world. Humans develop more or less complex systems to direct each and every facet of our lives, or so we try. The illusion of being in...
View ArticleThe Fundamentals of Mental Accounting in Forex Trading
The vast majority of agents involved in the financial markets know the term accounting. We also know the different categories within the generic concept: financial accounting, corporate accounting,...
View ArticleTop 10 Forex Trading Psychological Mistakes
It is said that the personal psychological challenge constitutes 90% of the struggle to achieve consistent success as a forex trader. Can it be true? Yes and no. Many great traders who have written...
View ArticleThe Impact of Psychology On Cryptocurrency Trading
The cryptocurrency market does not follow the rules of technical and fundamental analysis. Only psychology works here. Who will be the strongest: institutional investors, agitating markets with...
View ArticleFive Reasons You Need to Stop Stressing About Forex
Forex can be stressful, it’s one of the things that are told to us over and over again especially when things are going the wrong way, but does it need to be stressful? There are things that we can do...
View ArticleMaybe Emotions are Actually Good for Forex Trading?
In the last 20 years, advances in brain imaging technology and other methods of analysis of neurological activity have produced important advances that allow us to better understand the complex...
View ArticleWeird Hobbies That’ll Make You Better at Forex
There are things that we do in our everyday lives that can actually make us better at trading. Some of them may be related, while others will have absolutely nothing to do with trading at all. Our...
View ArticleWhat You MUST Know About Psychology In the Financial Markets
It’s cloudy. Every minute, the number of clouds doubles, and in 100 minutes the sky will be covered. How many minutes will it take the clouds to occupy half the sky? 50 minutes. It is the answer that...
View ArticleHow to Neutralize Emotions When Trading
In this article, I will try to teach you to neutralize the emotions you may feel during the usual operation. Imagine, for example, that suddenly fear induces you to reverse an operation leading to a...
View ArticleAlexander Elder and the Psychology of Markets
With the suggestive quote below, Alexander Elder begins his masterpiece, Trading for a Living. Elder, who studied psychiatry in the former Soviet Union, enlisted in a ship from which he fled risking...
View ArticleBeliefs That Can Limit Our Forex Profits
In this article, I will try to expound on "Limiting Beliefs": what they are, why they appear, and how they affect us in Trading.
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