Forex Psychology

This is where currency direction comes from so make sure you spend plenty of time learning about the fundamentals.

30 10, 2017

After the release of economic data do you hold the position or square up?

By | 2017-11-10T20:44:31+00:00 October 30th, 2017|Categories: Forex Psychology, Fundamental Analysis, Popular Articles|0 Comments

You've got to know when to hold em', know when to fold'em

I've had a load of questions of late associated with trading economic data releases. This is a tricky situation and your success will definitely improve with more experience on trading the economic data.

Kenny Rogers was right on the money when he came up with this nifty tune:

14 09, 2017

There’s Two Important Parts to Capital Management

By | 2017-09-14T12:22:48+00:00 September 14th, 2017|Categories: Forex Psychology, Popular Articles|0 Comments

Don't Override Your Capital Management Plan

As you may have heard me waffle on, Capital Management is the most important component of your trading methodology. If you don't have any at all then well forget it, your account will be dry in no time at all. But in the same way if you don't respect it, you can have some major 'whipsaw holes' in your capital.

I think it's time we actually took this 'Capital Management Plan' a step further as there's [...]

30 08, 2017

Analysing your performance is the BEST ‘probability enhancer’

By | 2017-08-30T13:20:53+00:00 August 30th, 2017|Categories: Forex Psychology, Popular Articles|0 Comments

Your Most Recent Performance is the Best Gauge

We're always looking for an edge over the market when we're trading. You know, trying new things, looking at a range of indicators, or analysing the performance of some other secret system you've 'thought up'. These additional tit bits are what we call probability enhancers.

The aim of "Probability Enhancers" is to micro-analyse an opportunity so you can hopefully reduce the overall risk in the trade. After all the more factors in your favour [...]

28 08, 2017

Make Sure You’re Trading for the Right Reasons

By | 2017-08-28T17:57:22+00:00 August 28th, 2017|Categories: Forex Psychology, Popular Articles|0 Comments

Are you trading to supplement your income or to cover your day to day financial obligations?

One of the most important yet least thought about components of trading is "Trading Psychology". As far as I'm concerned it's second behind 'capital management' with regards importance for your overall longevity and success as a trader.  Funnily enough both topics are largely ignored by most new traders until it's too late and they have blown up their trading account for the 3rd time.

Trading is [...]

9 08, 2017

Get it right from the very start

By | 2017-08-09T15:23:03+00:00 August 9th, 2017|Categories: Forex Psychology, Popular Articles|0 Comments

Mission Critical

The path to success with the T4T FX Pro Trader course begins with taking the time to go through the content methodically and making sure you understand every component, especially Capital Management.

This article contains five keys that will shape your entire outcome as a trader. Do not begin trading until you’ve read and understood this section and been through the course methodically.

Set Up and Use Guidelines

If you want to become a successful trader its important you take the time [...]

25 07, 2017

How to overcome the FOMO in trading

By | 2017-09-28T21:26:06+00:00 July 25th, 2017|Categories: Forex Psychology, Popular Articles|0 Comments

FOMO - The Fear Of Missing Out

This is FOMO—fear of missing out, is defined as “a pervasive apprehension that others might be having rewarding experiences from which one is absent.”

When you consistently “connect” with people, you become vulnerable to the comparison game and this can be extremely detrimental to everything you're trying to achieve.

The FOMO can be a major barrier for traders. If you fail to understand and acknowledge it then you could be headed towards a path of destruction [...]

17 06, 2017

Stop, Reflect, Reset ………Focus on your Goals for the upcoming week!

By | 2017-10-28T07:28:19+00:00 June 17th, 2017|Categories: Forex Psychology, Popular Articles|Tags: |2 Comments

Trading Long Term - What's really involved?

I was just discussing a few trading outcomes with a client and it dawned on me that the person has no clear plan beyond tomorrow.

Sure they have a trading plan but what I mean is they have no plan for the week ahead, no plan for potential opportunities, no plan for the future except to trade and make money.

That's not going to work long term!

It was such an enlightening conversation I thought I should [...]