Category Archives: Forex Psychology
6 MINS READ
It's time to reevaluate your trading psychology if you're sick of losing money in the market despite having an excellent trading strategy. Trading is not just about analyzing the market and formulating the perfect strategy, it's about hav...
6 MINS READ
Emotional intelligence is not just a buzzword - it's a crucial skill that can make or break a forex trader's success. But what exactly does it mean? Well, in simple terms, emotional intelligence involves being able to identify and c...
6 MINS READ
Is forex gambling? It's a question that's been asked time and time again and one that doesn't have a straightforward answer. Some argue that FX trading and gambling are two sides of the same coin, while others maintain that it's ...
7 MINS READ
As traders, we constantly need to keep an eye on the market's ever-changing conditions to make informed trading decisions. Unfortunately, it's not always easy to discern how the market is feeling or where it's heading. That's whe...
6 MINS READ
Support and resistance trading is an easy concept and experienced traders have been relying on this tool for years to determine market direction, track entry positions, and establish profit and loss exit points. So what's support and resista...
8 MINS READ
Picture this: you're a forex trader with a rock-solid trading plan. You know when to enter and exit trades, and you have a well-defined risk management strategy. However, in your eagerness to increase your profits, you start taking too many ...
5 MINS READ
Have you ever found yourself passing on a perfectly good trading opportunity, only to regret it later? Or maybe you've noticed a pattern of self-doubt and negative self-talk creeping into your trading decisions. If so, you may be struggling ...
6 MINS READ
Are you an active trader who believes that your success is due to your superior knowledge, pattern recognition skills, or gut feeling? That sense of confidence can backfire and lead to overconfidence in trading, a cognitive bias that can cloud y...
8 MINS READ
"Revenge trading" - it's a term that's been around for ages, yet it still catches traders off guard. It's when you trade impulsively, fueled by emotions like anger, frustration, or disappointment, in an attempt to make up for pa...
7 MINS READ
Fear and greed are the two most powerful emotions that drive prices in any market. Unfortunately, many traders let their emotions get the best of them and end up going down the drain. We've all heard tales of top traders hitting rock bottom ...
