Revenge trading is quite possibly the most counter-intuitive, self-destructive behavioral pattern a Forex trader could ever slip into. And yet, so many investors can often find themselves shackled by this seemingly unstoppable compulsion to keep placing trades, even in the depths of a never-ending losing streak. So what is it within us that just can’t […]

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Boost effectiveness and trading results through the skill of organizing. Being organized is a valuable skill to have especially as a forex trader. It can enhance productivity and concentration in a day of trading for both physical and mental aspects. As opposed to seeing clutter and feeling distracted, being organized can inspire a more optimistic […]

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What separates a winning trader from a losing trader is psychology. Trading psychology, for those new to the subject, refers to the emotional aspects dictating a trader’s decisions. Irrespective of the trading plan employed, good psychology is a must-have trait for any trader. Learning to govern emotions and develop good decision-making skills will, unequivocally, improve […]

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Many of our products and workshops are about helping people increase their level of consciousness. Why? Many people trade unconsciously, without knowing at even a shallow level what they are doing in the markets and why. This applies to the psychological parts of trading like beliefs, emotions, discipline, etc. as well as the “technical” aspects […]

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When trading an active forex market, free yourself from constant worry and apply surefire ways to stop yourself from overthinking. For an effective trading career, you need to have powerful mental strength. To overcome difficult situations, traders need to stay sharp and get ready with the right attitude. By being in full control over your […]

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As 2020 draws to a close and we look forward to 2021, I thought it was a good time to offer a refresher on how to maintain those New Year’s resolutions. Here are several ideas that may help you to maintain your resolutions throughout the entire year. 1) Divide a General Resolution into Specific Steps. […]

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Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting loss to gain trading consistency is an interesting paradox. Every good trader endures loss. The difference between a successful trader and failure is understanding how to handle loss. Whether we choose […]

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To start a new year feeling motivated and centered, it is key for traders to end the year on a positive note. With a difficult and unprecedented year coming to a close, forex traders have to look forward with more determination. Whether these are efforts for a better trading system or for an improved forex […]

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Look ahead and prepare for the future by becoming a forward-thinking forex trader. Planning for the future of your trading career is highly beneficial for long-term success. With the uncertainty of the forex market, traders need to plan for both progress and possible setbacks. By practicing the different ways to become forward-thinking, you can mentally […]

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To become a successful forex trader, you should develop five crucial skills. Do you know what skills all successful forex traders have in common? All of them have self-discipline, unlimited patience, and outstanding math skills. Moreover, they also have sharp critical thinking skills and positive attitude towards life. If you want to take your career […]

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Did you know that you can boost your trading performance and increase your success rate even with your current trading strategy? The solution is simple yet effective – By keeping a trading journal. Trading journals are designed to help you spot any weaknesses and mistakes you make while trading. Imagine what impact cutting the number […]

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To achieve a focused and lively trading session, learn good habits that help give you a boost of mental energy. Mental energy revolves around the ability and motivation to accomplish cognitive activities. It is driven by efforts of the mind to process information, complete a task or deliver an analysis. Much like physical energy, mental […]

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If you are willing to accept total responsibility for your investment results, you will realize that you are the most important factor in your trading or investment success. If you have done that, you are way ahead of the crowd. I once had a call from a gentleman in England who had been working with […]

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Today I am starting an occasional series on one of the most fascinating and essential topics in currency trading; the interaction between the psychology of the market and the decisions of the individual trader. I hope these observations are useful; reader comments are welcome. Technical analysis is sometimes studied as if it contains a grain […]

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In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks the discipline to act in one’s own best interest. For example, when you have dessert, knowing it’s taboo because you are trying get healthy, you might call that self-sabotage. Or perhaps […]

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I used to do an exercise in the Peak Performance 101 workshop entitled “Getting What You Want”. The exercise starts out with a question: If you could have anything in the universe, what would it be? Perhaps your answer might be $10 million dollars. However, the exercise doesn’t end there. It just triggers another question: […]

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I love to trade a lot – which is of course a euphemistic way of saying I love to gamble. Although I have been to Vegas more than a dozen times I never laid down so much as a dollar bet in any casino. I have absolutely no interest in blackjack, craps, slot machines or […]

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Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from; Empathy and the ability to listen. Faith in their own ability to get things done, if life and in work. […]

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For effective trading on the international currency market, it is important to have a good theoretical background, ability to use strategies, as well as follow political and economic news, and understand what impact they have on currency rate trends. However, these skills do not guarantee successful activity in the market unless the trader develops knowledge […]

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Forex risk management is an essential point on which the profitability of transactions largely depends. In fact, it can be said that any transaction in the foreign exchange market is fraught with great risks and does not guarantee a favourable outcome. But by applying risk control techniques, you can significantly increase the overall profitability of […]

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