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Trading Psychology

Become a Master of Self-Assessment and Discipline

Trading psychology is an important discipline that needs to be studied and understood by anyone who aims toward long-tern success in the financial markets. Self-mastery and emotional control are key to achieving consistency when trading. Euphoria and fear are powerful enemies to the rational decision-making that should be guiding our trading choices. Become a master of self-assessment and emotional discipline by combing through the educational Forex psychology material below.

  • Why Traders Lose Discipline

    April 04, 2011 at 4:45 PM

    After going to the trouble of developing and implementing a trading plan, why would a forex trader ever begin breaking their own trading rules? Read More

  • Why Most Forex Traders Fail: Do You Have What It Takes?

    February 23, 2011 at 1:15 PM • 1 Comment

    One of the pitfalls of not having a trading strategy or ignoring a well-developed one is following your emotions when making trades. If you don't develop an objective trading strategy, you've certainly increased the possibility of your emotions ruling your... Read More

  • Avoiding Forex Trading Discipline Breakdowns

    February 23, 2011 at 1:15 PM

    After a forex trader has gone to the trouble of working out a viable and potentially profitable trading plan, why would that trader go against their own rules? While some people hold that rules are meant to be broken, in... Read More

  • Trading Forex and the Psychology of Winning

    February 23, 2011 at 1:15 PM

    Forex trading is an endeavor that requires a certain attitude for success. Many novice traders are unaware of the mental attitude involved for successful trading and begin trading allowing their personal defects of character to be manifested in the results. Read More

  • The Right Forex Trading Mindset

    February 23, 2011 at 1:15 PM

    Description:  How having the right trading mindset can make the difference between success and failure as a forex trader. Read More

  • Common Costly Mistakes Made by Forex Traders

    February 23, 2011 at 1:15 PM

    Most forex traders are familiar with the risks of trading without a stop loss. Without such a plan as part of your risk management strategy, the market can keep moving against you until you can no longer stand the pain... Read More

  • Trading a Demo Account Versus Live Trading

    February 23, 2011 at 1:15 PM

    Thanks to the Internet and the relatively recent availability of online forex brokers, just about anyone with a computer and an Internet connection can open a demo forex account and trade forex with virtual money. Read More

  • Why Fear is the Main Emotion Experienced by Forex Traders

    February 23, 2011 at 1:15 PM

    Being a professional forex trader can add quite a bit of emotional content to your life. Fear, along with the other main trading emotions, greed and hope make the forex market move. Read More

  • Emotions Commonly Felt When Trading Forex

    February 23, 2011 at 1:14 PM

    A number of common emotions may arise for forex traders that can lead to costly mistakes if the trader fails to maintain a disciplined trading mindset. Read More

  • Trader Personality Types

    February 23, 2011 at 1:14 PM

    Dr. Van K. Tharp is a professional psychologist and trader coach who has come up with a very interesting set of trader personality types that novice forex traders can use to help assess their psychological suitability for the forex trading arena. Read More

  • The Best Personality Types for Trading Success

    February 23, 2011 at 1:12 PM • 2 Comments

    Dr. Van K. Tharp is a professional psychologist and trading coach who has identified fifteen different trader personality types based on their psychological characteristics. Read More

  • Learn to Trade Forex Confidently for Success

    February 23, 2011 at 1:11 PM

    Most people who approach the forex market as traders want to be a success in terms of making money from the endeavor. This tends to be the primary motivating factor behind people's decision to become forex traders. Read More

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