Psychology

Learn how cashback forex works and how recovering a portion of your trading costs can improve net returns without changing your trading strategy.

You may have come across a few generalizations about trading. But be warned! Some may have some truth to them, but these three are?nothing but myths.

“Recency bias” gets tossed around often in trading circles, but what does it actually mean and how can you prevent it from sabotaging your trading success?

In trading, actively managing open positions is just as important as coming up with your plan. Here are three tips to help you effectively manage your trades.

Activities like?trade journaling?or?deliberate practice?would make you a consistently profitable trader faster than simply hunting for good setups. Here’s why.

If you’re thinking about pushing through dead market stretches, pump the brakes and consider these two reasons why you might want to sit this one out.

To become a successful trader, you will need both the right mindset (trading psychology) and the right tools (trading strategy).

Stress isn’t always the villain. When handled well, stress can help you find your trading edge.

Because trends can continue to make money until it ends, traders spend a lot of time sharpening their trend-trading skills. Here are some questions you need to ask if you’re using this strategy.

Most trading psychology articles encourage you to work on your weaknesses, but it’s equally important to keep building on your strengths.

How you perform has nothing to do with how others perform. Comparisons will only make you feel frustrated and distract you from forging your own path to profitability.

Some traders fall apart after losses. Others stay steady, learn from mistakes, and recover with stronger discipline.

It’s one thing to believe that your trades can reel you in a handful of pips and it’s another to think that you know EVERYTHING about the markets. Here’s how you can keep your ego in check.

With overall risk sentiment shifting on a dime these days and investors reacting strongly to global developments, a market ambush could be waiting just around the corner. Here’s how you can protect your account.

Just because a majority of the traders out there have a certain trading bias, it doesn’t necessarily mean that they’re right. When should you go against the flow?

Traders who want to be consistently profitable know the importance of tracking the rights and wrongs of the trades that they take. Unfortunately, the impact of the trades that they DON’T take is too often overlooked.

Keeping track of your trading performance is much more than just looking at the profit and loss statement. Here are the important stats you REALLY should have in your journal.

If you’ve followed your?trading plan?STILL lost your trades, can you then say that the market is against you? And what can you do about it?

If the goal is to get more out of the time and energy you put into trading, it helps to understand three key elements of focus that can directly affect performance.

Like any necessary activities in forex trading, testing your strategies can provide you with the tools you need to get that extra edge over the markets.