Psychology

In trading, actively managing open positions is just as important as coming up with your plan. Here’s what you should remember when watching your trades.

As a trader, you must develop biases instead of simply making many predictions. But how can you tell the two apart?

When you get stuck with the dreaded trader’s block, you feel paralyzed and unable to pull the trigger on any trade. How can you cope?

For some traders, the only thing worse than losing a trade is missing out on a winning setup that they had spotted but had not taken.

Looking for the “best” technical indicator that can make consistent returns for you? Here are four questions you should answer first.

Traders are susceptible to mental burnout that can be crippling when it comes to making good trading decisions. Here are some tips to avoid and overcome a burnout.

Popular trading discussions estimate that only 2% of newbie traders eventually make money. What makes it hard for beginners to stick to trading anyway?

Challenges are expected in forex trading, but have any of these become big enough to turn into major obstacles for you?

Even if you’ve done your homework and executed your trade plan to a tee, there’s still a chance you will be wrong in trading.

Are you still trading whatever setup you come across? Here are four factors you should consider when trying to pinpoint your forex trading niche.

By creating a process and setting trading rules for yourself, you can achieve consistency in your execution, which is the first step to becoming a consistently profitable trader.

The first step to overcoming these biases is to become fully aware of them. Here are four common ones you should be mindful of.

Some traders take losses personally and end up reacting adversely by taking revenge trades. Here are some tips to recover if you fall in this rut.

The genuine desire to learn and do better in your field is the key to sustaining motivation. How does this apply to forex trading?

It’s normal to set expectations when trading but having unrealistic ones can ultimately lead to disappointment. Here are some examples.

Traders are competitive by nature and it is precisely this characteristic that makes us vulnerable to being extremely frustrated with losing trades. Here’s how you can cope.

It can be tempting to hop in huge price swings while they’re happening, but does the saying “only fools rush in” also apply in trading?

If you’ve been trading long enough, then you’ve likely experienced a time when you feel like you’ve lost your trading mojo. Here are some ways to help you start over.

Having to process a lot of market information and making quick trading decisions can be a challenge for most of us. Here are some tips that might help.

Aiming for a good reward-to-risk ratio can help improve trading expectancy but also increase the pressure on you. How can you find one that works best?