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Trading Psychology

Your Trading and Consciousness

Many of our products and workshops are about helping people increase their level of consciousness. Why? Many people trade unconsciously, without knowing at even a shallow level what they are doing in the markets and why. This applies to the psychological parts of trading like beliefs, emotions, discipline, etc....

Reliable Ways to Prevent Yourself from Overthinking When Trading

When trading an active forex market, free yourself from constant worry and apply surefire ways to stop yourself from overthinking. For an effective trading career, you need to have powerful mental strength. To overcome difficult situations, traders need to stay sharp and get ready with the right attitude. By...

Discipline in Keeping Your New Year’s Resolutions

As 2020 draws to a close and we look forward to 2021, I thought it was a good time to offer a refresher on how to maintain those New Year’s resolutions. Here are several ideas that may help you to maintain your resolutions throughout the entire year. 1) Divide a General...

Accept Losses and Become a Consistent Trader

Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting loss to gain trading consistency is an interesting paradox. Every good trader endures loss. The difference between a successful trader and failure is understanding how to handle...

5 Surefire Ways You Can End the Year on a Positive Note

To start a new year feeling motivated and centered, it is key for traders to end the year on a positive note. With a difficult and unprecedented year coming to a close, forex traders have to look forward with more determination. Whether these are efforts for a better trading...

How to Become a Forward-Thinking Forex Trader

Look ahead and prepare for the future by becoming a forward-thinking forex trader. Planning for the future of your trading career is highly beneficial for long-term success. With the uncertainty of the forex market, traders need to plan for both progress and possible setbacks. By practicing the different ways...

Strive for Excellence by Strengthening These 5 Skills When Trading

To become a successful forex trader, you should develop five crucial skills. Do you know what skills all successful forex traders have in common? All of them have self-discipline, unlimited patience, and outstanding math skills. Moreover, they also have sharp critical thinking skills and positive attitude towards life. If you...

How Keeping a Trading Journal Can Help You Boost Performance

Did you know that you can boost your trading performance and increase your success rate even with your current trading strategy? The solution is simple yet effective – By keeping a trading journal. Trading journals are designed to help you spot any weaknesses and mistakes you make while trading. Imagine what...

Best Practices that Maintain and Restore Mental Energy for Trading

To achieve a focused and lively trading session, learn good habits that help give you a boost of mental energy. Mental energy revolves around the ability and motivation to accomplish cognitive activities. It is driven by efforts of the mind to process information, complete a task or deliver an...

Make An Honest Self Appraisal

If you are willing to accept total responsibility for your investment results, you will realize that you are the most important factor in your trading or investment success. If you have done that, you are way ahead of the crowd. I once had a call from a gentleman in England...

The Psychological Utility of Technical Analysis

Today I am starting an occasional series on one of the most fascinating and essential topics in currency trading; the interaction between the psychology of the market and the decisions of the individual trader. I hope these observations are useful; reader comments are welcome. Technical analysis is sometimes studied as...

Self-Sabotage Revealed

In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks the discipline to act in one's own best interest. For example, when you have dessert, knowing it's taboo because you are trying get healthy, you...

Getting What You Really Want

I used to do an exercise in the Peak Performance 101 workshop entitled "Getting What You Want". The exercise starts out with a question: If you could have anything in the universe, what would it be? Perhaps your answer might be $10 million dollars. However, the exercise doesn't end...

A Trade or a Gamble?

I love to trade a lot - which is of course a euphemistic way of saying I love to gamble. Although I have been to Vegas more than a dozen times I never laid down so much as a dollar bet in any casino. I have absolutely no interest...

Defining A Great Trader

Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from; Empathy and the ability to listen. Faith in their own ability to get things...

Does Trading Psychology Really Affects Your Performance

For effective trading on the international currency market, it is important to have a good theoretical background, ability to use strategies, as well as follow political and economic news, and understand what impact they have on currency rate trends. However, these skills do not guarantee successful activity in the...

How Do Traders Manage Risk on Their Trades?

Forex risk management is an essential point on which the profitability of transactions largely depends. In fact, it can be said that any transaction in the foreign exchange market is fraught with great risks and does not guarantee a favourable outcome. But by applying risk control techniques, you can...

Forex Trading Psychology

Forex trading psychology is a big thing. Often, it is the psychology, not a lack of academic knowledge or skill in application, that is considered to be the primary originator of trading mistakes. Mistakes are constantly repeated by financial traders of various national, cultural and social backgrounds, which suggests that...

What Does Fearful Money Mean to Traders?

Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with....

Don’t Let Your Doubts Prevent You from Trading Successfully

Many traders come in the Forex market to get easy and fast earnings. But instead of the desired profit, they lose their deposit in a short time. What do you need for successful trading on Forex? 1. Learning Entering the Forex market, the first thing to do is to devote...

Do You Have a Cut-Off Point?

‘Hope for the best, plan for the worst’ – Lee Child. While we tend to evade the word ‘hope’ in trading, the opening quote resonates rather well with the trading world. But do traders really plan for the worst, or are they just relying on hope? Planning for the worst There will be...

The 3 Core Principles to Improve Your Trading

Simplicity is best in just about anything, but as humans making things complex is what we do best. Forex trading is no different either. What could be simpler than buying low and selling high? Instead, what we have are tons of indicators, complex variables, all in an effort do...

Build a Thriving Career and Healthy Mindset by Managing Trading Fears

Strive for excellence, build confidence and increase efficiency by conquering your trading fears. To catch all the opportunities in the forex market, you must keep a clear mind and set aside feelings of doubt or stress. When entering a new market or trying a different strategy, it is a...

How to Simplify your Forex Trading

It’s entirely possible to trade profitably using just our eyes, charts, and grey matter as “hunting” for setups can cause more pain than gain. In this article, we will go through some high probability price patterns. The Complexity Trap Complexity can creep into your thought patterns and trading habits in the...

Size DOES Matter… When Considering Risk and Strategy!

A phenomenon that a lot of traders notice – and you might have seen it yourself – is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live account, and using the...

Should You Let Your Trades Stop Out?

When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to be used – you should let your trade stop out if it’s not going the right way. Other traders are just as adamant about preventing...

This One Trick Can Change Your Trading Results

Repetition! Yes, you read it right. Repetition! Ever wondered why in the field of medicine, the doctors and surgeons at the top of their game often specialize in a single field? We take it for granted that Roger Federer can never fill the shoes of Messi on a soccer field and...

Trading Plans – A Forex Trader’s Friend

“Everyone has a plan ’till they get punched in the mouth” – Mike Tyson In the fast moving world of Forex trading, where high-concentration is required for extended periods of time and decisions must sometimes be made in a split-second, it is crucial to have a plan, a plan that...

Do You REALLY Have What it Takes to be a Successful Forex Trader?

Trading any market consistently is difficult. It tests you in ways you’ve not likely been tested before, with the majority failing to achieve their goals. So what separates the successful traders from the pack? In essence, it boils down to clear planning, correct education and strong will power. Devoid of these...

Sometimes the Best Position is NO Position

At first glance, this may seem inefficacious. As a trader, you engage with the market to profit and the only way to achieve this is to trade! We get that. However, there are times that remaining on the side lines may be the more fitting pathway to take. So, what...