Trading Psychology

Fear of missing out (FOMO) is present in all aspects of life including Forex trading. In trading, it refers to the fear of missing opportunities that could result in a large profit, this mindset leads to errors in execution and management meaning this weakness must be addressed.

In Forex Trading, the fear of losing can be like water. The right amount can give life but too much can level cities (and trading accounts).
There’s a pattern among great traders that you see when you start to research their beliefs and habits towards trading. Let me tell you for free, a lot of them… HATE losing, they can’t stand it. They do everything in their power to avoid taking a loss.

Forex, and trading in general, is different when compared to other professions in that you can teach somebody how to make consistent profits, but they can still lose money.
How is that possible? Most traders lack the discipline to execute consistently and with no subjectivity. As a result, they are left disappointed with a consistently declining equity curve.
Not all is lost, there are ways to fix this, which is why this post will give you the steps you need to become a disciplined trader.

For ages we’ve probably heard the successful traders say, it is important that you define your edge in the Forex market when it comes to trading. So that there is something that separates you from the other traders in the world. Now can you imagine the number of edges that are out there in the world if we all need to be separated to reach greatness?

If you are reading this article either you are simply looking to prepare yourself for your next winning streak or you are currently in a winning streak and want to make sure that you manage your trading correctly. Either way, well done for reading this article so you know how to approach winning streaks in Forex.

To consistently make money in Forex your winning periods have to outweigh the losing periods.

Nobody enjoys a losing streak, markets seem to give a never-ending stream of loses during these times, but if a trader follows the correct guidelines then it will come to an end.

When trading Forex you need to be able to manage losing streaks as well as winning streaks correctly, so that in the long run you can achieve your profit objectives. Each comes with its own challenges but this post will focus on how to manage, and eventually end, losing streaks in trading.

Trading Personalities. Scalper, Day Trader, Swing Trader, and Position Trader/Straight-up investor. These are categories that most people can generally fit into. If not, they probably aren’t trading. Trading, like any extreme sport, gives you room to finesse and express your character in your art.