Post Tagged with: "trade psychology"
If in Doubt, Stay Out
Are you afraid of missing out on good trades? Sometimes you can miss out a good trade. That happens. But this fear shouldn’t push you to take a trade you’ll regret later on. Fear can be a part of any move you make in your life. When it comes to investing your money (real money,
When to Take a Break from Trading
Are you switching from chart to chart in search for a trade, and eventually enter a losing position? Are you eager to take revenge after this losing one? Is your nose becoming too friendly with the screen? Taking a break can help you refocus. Taking one step further, it is wise to schedule these breaks.
Does Trading Forex Professionally Ruin Your Life? Or Improve Your Trading?
Most forex traders don’t rely on trading as their sole source of income. They use it as an investment alongside their regular jobs. Are they missing out on turning professional? Or playing it safe? James Woolley advises you not to rely only on forex trading. In his great article, Woolley mentions that market conditions can change
Reasons to Not Quit Trading
Have you ever thought of giving it all up and turning your back away from forex trading? It probably happens to everybody. 8 forex bloggers share reasons to NOT quit trading. Reasons to not quit trading – By Jakob from TradeProfits.net The obvious reason why you want to quit trading is most likely due to
Your Broker Is Not The Enemy
Over the years I have heard so many traders talk about how brokers are out to get their broker is out to get them. They complain about stops being to wide, platforms freezing, and being stopped out when they feel that they shouldn’t have been. These traders then flood message boards and begin to go
3 Tips For Controlling Your Emotions
Trading can be one of the most emotionally taxing activities that you can partake it. The emotionally highs and lows that result from our successes and failures as traders can really take their toll and eventually cause many would be traders to quit before they ever get a chance to realize their full potential. In
Why You Will Fail As A Trader
In our everyday lives emotions are great. They make it possible for us to enjoy life and create lasting relationships with other human beings. In fact many argue that our complex emotional abilities are part of what makes human. Emotions are great but there are times when having them are more of a burden than
Trading The News Is A Fools Game
In the world of trading people have devised all types of methods for trying to turn a profit. Some are fundamental traders while others are technical, and some use indicators while others focus on price action. The aforementioned traders make up the majority of traders, but there is another group. A group that some might
Why What You Know Can Kill Your Trading
We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you’ve seen this pattern many times before and you just know exactly what the market is going to
Are You A Sprinter Or A Marathoner?
They say that patience is a virtue but in the world of trading it can save your life. I have seen too many people come into this business in such a rush to make money that they jump on everything that moves and as a result end up taking lot of questionable trades that only