Psychology & Money Management
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August 29, 2020
One area where all traders struggle with is determining where to place their stop loss. New traders are repeatedly told to stick to a strict risk-reward ratio and religiously follow their trading plan. Fiddling with a Stop Loss can be a sign that you are
August 19, 2020
Many experienced traders can make it look as if Forex is easy. Just as many professional race car drivers make what they do look easy. It takes a lot to be successful in anything.
The truth is, Forex is hard work to learn. It doesn’t require any special s
July 7, 2020
Trading in Forex is quite an adventure. Many people choose to travel the world to ‘find themselves’. If you really want to embark on a soul searching experience, trading is an excellent way to genuinely get to know yourself.
We’ve made a list of what we b
June 8, 2020
The number of winning traders is only 5% of the total. They made their mistakes, gained invaluable experience, and learned how to achieve results.
Beginners are most prone to making mistakes.
But you don’t need to be afraid of them. It is much better to d
May 12, 2020
For many of us, we trade Forex because it offers us a chance of being free.
Free from that same mundane commute, to sit at the same desk cubicle and to listen to the same deadbeat boss telling you what to do all day.
Free from a confined salary that has z
December 16, 2019
Everyone knows that trading in the financial markets is often accompanied by significant emotional and psychological stress. Moreover, the recipe to success here depends mostly on the right mindset and ability to cope with own emotions.
In addition to the
October 23, 2019
Novice traders are not aware of how to reconcile work and trading, whether they should leave their main jobs for full-time trading in the Forex market or when to consider trading as a primary source of income.
These questions had been of concern to profes
September 13, 2019
A brief psychological note on how to protect yourself against tilt (distress) as a result of a series of losing trades.
First, let’s agree on the concepts.
The word “tilt” has another meaning which is ”slope”. Previously, pinball machines had a sensor det
September 12, 2019
We all want to be on the plus side in Forex. But how do we assess our profitability? In most cases, we compare the amount of incurred losses with that of profit. However, this indicator alone cannot be a sufficient motivation. We risk falling into one of
August 8, 2019
The number of those who’re new to our business increases every day. Many of them face a number of typical mistakes (step on a rake) of a young investor. You need to know everything about mistakes to avoid them. Maybe we should start with a start-up capita
