Fear of Regret, emotions that can hinder success. The inability to accept that you’ve made a wrong decision would lead you to hold onto losers...
The ability to change one’s mind is probably a key personality of successful traders. Dogmatic and rigid personalities rarely succeed in markets.
Wise saying! Whoever has eyes to see, let him read and take this to heart.
This is indeed helpful. Thanks for sharing.
Risks in forex trade are innevitable, however, A good trader is optimistic. Optimism means expecting the best, but confidence means knowing how to...
The FX veterans take the psychology out of the game. They have a trading strategy, and they stick to it.
Thank you very much KDASFTG. I quite agree with everything you have written. “It should be a standard procedure that a day trader always...
A recipe to reduce risk is trading small lots. Even though our emotions sometimes influence us to trade big lots because of the big money...
It's 2017. never forget that after deciding what position to open, it is also important to identifying the exit points in a trade, whether it is...
Why do you say so?
If you want to reduce risk, it’s more important to know when your trade is bad than it is to know how to get into it. A trader has to minimize...
Practicing risk management is essential to trading successfully. Some traders ignore this only to run into one loss after another.
Fear and greed are emotions felt when you don’t have specific rules in place. Follow your rules, and the only way to have confidence in them is...
It think it makes sense! Trading can be stressful and tiring at times, but meditation canmake one come out of it feeling refreshed.
Traders generally are overconfident in their prediction of the markets, decision making, and trading strategies. However, being overconfident is...
I think it is true when they say narcissists are levelheaded not until you say something that's logical or reasonable.
Narcissists are grandiose thinkers. They think big. They'd definitely make good traders. .
One of the most important personality is self-confidence. Self-confidence is a measure of your belief in yourself, and has a number of...
It's a New Year, and to be successful in it, we need to avoid trading the wrong way we did last year. I think one of the most underestimated...
The more pairs you trade the higher the profits. I'll recommend beginners to trade these pairs. EUR/USD, GBP/USD, AUD/USD, NZD/USD. They are my...
Separate names with a comma.