In all my years of trading and talking to fellow currency traders, I have noticed that newbie traders are susceptible to five main psychological pitfalls. I have decided to highlight these 5 trading psychology pitfalls so that you don’t get caught in the same mess as other traders who have been caught in the same. […]
5 Trading Psychology Pitfalls that Can Blow Your Forex Account Read More »
Most forex traders who come to the industry come with a poor mentality. Some hope that they will turn out to be overnight millionaires without learning so much. This is why most forex traders lose money and quit in the early months of their trading. It takes about 3 to 5 years for anyone to
One of the reasons why traders become so stressed while trading is because they focus on the things that they can’t control. When you waste too much time worrying about things you can’t control, it drains a lot of your energy, takes away your motivation to perform well, and affects the way you do your
Why Should You Focus on Things You can Control in Trading? Read More »
Knowing the difference between common forex trading myths and reality is essential to long-term success. In this article, guest editor, Dr. Gary Dayton explores the top 10 trading myths to be aware of. Notably, these myths are closely linked to trading psychology, which goes hand in hand with a successful trading career. 1. People are born traders. While
Let’s be honest, trading can get discouraging at times. Even professional traders have losing months sometimes, so don’t be too hard on yourself. I think it’s good to remind ourselves sometimes just why it is we do this. A little positivity and fresh focus on the reasons we all got interested in trading can be