How to Trade the Non-Farm Payroll Report
If you have an interest in trading forex using fundamental analysis, one of the top recommendations you will see for beginners is to trade the …
Forex Education
How to Prevent Being Faked Out When Entering Trades
One of the most frustrating situations that can happen in forex trading is getting faked out. Here is an example. Say you are placing a …
What are the Pros and Cons of Mobile Trading?
These days, many forex brokers make apps available for mobile users to trade on their Android or iOS devices. If you are thinking about trading …
Should You Quit Your Day Job While Learning to Trade?
There is something seductive about entrepreneurship that makes people want to run off and quit their jobs. Perhaps it is the idealistic, romantic notion that …
How to Set Goals as a Beginning Forex Trader
What is your goal as a forex trader? Here are some ways you might reply: “My goal is to make a million dollars trading forex.” …
What is Your Attitude Toward Risk In Forex?
In some recent trading psychology posts, we explored how our attitude toward failure and our locus of control can impact our effectiveness. In today’s post, …
How Much Should You Risk on Each Forex Trade?
Along with a forex trading system, one of the things you will need to trade FX is a money management system. This requires you to …
What is Your Attitude Toward Failure in Forex?
“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an …
What is Your Locus of Control in Forex?
Trading forex is an inherently risky activity. It is one where your outcomes hinge on a combination of skill and luck. One concept in psychology …
How Do You Demo Test a Trading Method?
In a recent post titled “How Do You Backtest a Trading Method?”, we explained how you can conduct a backtest once you find a trading …
