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 … Continue reading 5 Must Read Trading Psychology Books
Typically, one’s first encounter with the financial markets tends to be a mind-boggling one. Faced with a myriad of peculiar terms and an inordinate number of different markets to choose from, it can almost seem an impossible feat to trade effectively. To help clear some of this confusion, the following piece will illustrate what the … Continue reading The Spot Market
Have you ever had one of those trading setups that boasted a staggering amount of confluence fail in dramatic fashion? You know the kind of setups that wouldn’t look out of place as wallpaper on your mobile phone! Of course you have. We all have! One reason the area may have fell flat could have … Continue reading The importance of an Economic Calendar
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with. An example of hot money is … Continue reading What Does Fearful Money mean to Traders?
Is spending countless hours at your trading desk the kind of freedom you had in mind when you first voyaged into the trading world? If you are one of those unfortunate souls scrutinizing each pip movement with little to show for it, switching things up to the higher timeframes could be an option. Remember the … Continue reading Trading the Higher Timeframes