Who is a “successful trader”? They are a trader who has learned to make a stable profit in financial markets. In this article, we will give 10 clues that will help beginners to become and feel like that successful trader.
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Speaking about psychological competences, important for a trader, I would first and foremost single out emotional intelligence.
This method is known as a solution-focused approach and is currently the quickest way of acquiring a positive attitude. It was described by a famous psychologist working with traders – Brett Steenbarger.
The publication of the unemployment rate data may noticeably increase market volatility. Many traders call Non-Farm Payrolls an index that moves markets, however, it cannot reverse the current trend.
In this review, we will discuss such a notion as slippage. This is quite a frequent phenomenon in Forex and other financial markets that influences the opening and closing prices of a position.
Today we will talk about price action analysis, an important aspect of technical analysis on Forex. Price Action analyzes price behavior and patterns and can identify almost any market trend.
In this article, we’ll talk about a term called volatility. It’s a very important parameter of the financial instrument price, which is used for forecasts and trading.
Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing?
Let us talk about such a thing as goal-setting in trading. Earlier, my colleague has already touched on this topic in his post👇, which is a practical guide to setting goals in trading. In this post I decided to return to this topic and will try to delve into this problem from psychological side.
Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.
In this post we'll try to make it clear why false signals appear that make the trading strategy to give a false signal, and the trade turnes out losing.
A beginner trader often asks themselves: which currency pair should they choose for trading? In this review, I will address the most popular currency pairs and enumerate the criteria for choosing the most suitable ones.
Today, I will speak about a classical method of detecting a trend reversal. Let us have a look at a group of reversal patterns, which are likely to precede a trend reversal.
In this review, we will speak about choosing a timeframe for trading. This is an important part of your trading strategy.
There are several ways of trading oil; an individual trader may choose from futures, CFDs, and options. Whatever type of contract you choose, you will have to analyze the chart of your asset and only then open a position: a buying one if you expect the oil to grow or a selling one if you think it will decline.