Trading Psychology
3 ways to control your emotions in trading
Emotions can both help you and hurt you. This is especially true in respect of traders and how they cope with emotional aspects of trading. In our childhood and juvenility we develop certain reactions to our emotions and try to control them. We learn from our parents, teachers, peers and cult figures through observation and […]
Stop thinking about money if you want to make money in trading
It is obvious that the majority of people come into trading to make money, live in accordance with their preferences and choices and enjoy freedom, which it provides. The most frequent reason why people go in for trading is their wish to improve their well-being. There is nothing bad in it since this goal is […]
How not to lose more after a super-profitable trade?
It is not very difficult to execute a profitable trade in the Forex, futures or stock market. The chance of it equals 50%, which is quite favourable for a probability to make a profit. The really difficult part is to save the received profit. How many times after receiving a big profit did you lose […]
What common is between trading and chess playing
Trading is a business, science and game. This activity is multifaceted and, as well as any other money making activity, should be viewed from different angles for deeper understanding of what you do. Today we will consider trading from the chess point of view. It might seem that it is not correct to compare these […]
9 popular beginner trader mistakes
“Any man can make mistakes, but only an idiot persists in his errors” Marcus Tullius Cicero There are more and more people wishing to make money through exchange trading, however, only 23% of the traders achieve a positive result (average readings on American forex brokers for 2016). What are the reasons of such a disappointing […]