Having a strategy to follow is a must for any trader. Your trading strategy will help you find entry and exit points into trades and limit your risk.
But even if you have the best trading strategy out there, there's a big problem you have to contend with. That problem is your emotions.
Unfortunately trading brings emotions out. And they can play havoc with your profits.
So what can you do... ››› more
The stock market adage, cut your losers and let your winners run, is a classic example of a saying that makes perfect sense. But it's a completely different matter putting it into practice.
Trying to ignore the interference from your emotions can lead you to do the opposite. That is, cut your winners and let your losers run.
So how can you win the battle over your emotions and let your winne... ››› more
You may not have given it much thought before, but do you know psychology plays a big role in the way you trade?
It has a major influence on the trading decisions you make.
So what exactly is trader psychology? And how can it influence your trading?
Read on to find out…
What is trader psychology?
Trader psychology is the effect of your emotions and personal outlook on life on y... ››› more
Making money from trading isn't just about how good your trading system is. You have to overcome your emotions too.
Emotions can have a large impact on your success as a trader. They can make you respond in ways that dent your performance and lead you to make costly mistakes.
So how can you overcome your emotions when you trade?
Read on to find out…
The impact of psychology on you... ››› more
When you begin trading, it's very exciting. But it's only once you start to risk your cash on the market that your emotions really kick in.
Unfortunately no amount of trading on a demo account can replicate the emotions you feel when you put your cash on the line.
The major culprits that interfere with trading are fear and greed.
So what do you need to do to combat these emotions?
Read... ››› more
When many people begin trading, they start listening to the stock market rumour mill. This can lead them to start guessing where the market is going next.
Putting on trades based on these predictions is one way of quickly losing money trading.
Let's take a closer look why and what you should do instead…
Predictions tend to be pure guesswork
Once you begin trading, you’ll become ... ››› more
There are so many books on stock market strategies, money management and general knowledge on trading the markets.
And funny enough, you could read every single strategy in every trading book and still fail as a trader!
Text-books often forget to mention the three vital emotions that can either make you or break you as a trader!
Let me show you how to overcome these emotions so you can b... ››› more
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