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Forex Psychology Articles 2023


Forex Psychology is a field of expertise that is essential to be acknowledged by any trader willing to achieve continuous positive results from their operations in the financial markets. It is important to understand that trading theory is indispensable, yet to apply it in practice one needs to be well-prepared also in terms of clear mind and cool spirit. It is commonly known that such psychological factors as fear, as well as euphoria, might destroy any achievement in a short time span. Forex psychology brings to the limelight such essential aspects of human action as personal and collective behavior or market sentiment. Our set of articles aims at helping you become aware of psychological traps endangering successful trading, which, in the long run, will help you trade with confidence and avoid excessive losses.

Top 3 Meditation Practices for Forex Traders
Top 3 Meditation Practices for Forex Traders

Trading is often a very stressful job that requires traders to be in a constant state of concentration. It’s no secret that following theory is only a part of what traders need to do to become successful...

Gambling Psychology In Trading
Gambling Psychology In Trading

A lot of people decide to start trading because they think it is an easy and quick way to earn money. They treat trading as a game, falling victim to the so-called gambling psychology...

Overcoming Fear: What Leads To Losses In Trading
Overcoming Fear: What Leads To Losses In Trading

Everybody makes mistakes sometimes - that's absolutely normal. Mistakes are especially common at the beginning of the professional journey. But the problem is not about them...

Trading Psychology: What Makes You Lose Money
Trading Psychology: What Makes You Lose Money

All traders are different, but mistakes of psychological nature do not depend on gender or geographical factor. This allows us to highlight several of the most common problems...

Cognitive Bias That Can Affect Your Trading
Cognitive Bias That Can Affect Your Trading

A cognitive bias is a systematic flaw in reasoning that can lead to making wrong decisions while investing. A common maxim in investing is that "you are your own worst enemy"...

The Psychology Of Trading: How To Manage Your Emotions
The Psychology Of Trading: How To Manage Your Emotions

The psychology of trading is one of the cornerstones of success, ignoring it can lead to disaster. For example, Nick Leeson single-handedly...

Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

How to be a Successful Trader? Tips to Improve Your Trading Mindset
How to be a Successful Trader? Tips to Improve Your Trading Mindset

You might have heard a lot of trading coaches say that a positive trading mindset is crucial if you want to achieve something in the trading world. Sounds unlikely, doesn’t it? But reality shows that trading mindset is...

It's all about your Trading Psychology
It's all about your Trading Psychology

As you prepare to start your trading day, what's the first thing that comes to mind? Is it your trading strategy? Are you thinking about different ways to minimize risk in the markets and boost your profits...

Five Trading Myths You May Believe Are True but Aren't
Five Trading Myths You May Believe Are True but Aren't

Want to know some truths about trading? Regrettably, the trading world is one of the spheres with many trading myths – things that sound like facts but are not...

5 Steps to Deal with Trading Losses
5 Steps to Deal with Trading Losses

XPro Markets - Trying to find ways to overcome the feeling of losing? Keep reading to discover effective ways to regain your trading confidence...

Common Trading Mistakes and How to Avoid Them
Common Trading Mistakes and How to Avoid Them

Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes...

Behavioural Biases in Trading: How to Avoid Them
Behavioural Biases in Trading: How to Avoid Them

Financial economists like to believe investors make investment decisions based on the principles of rationality and optimising returns. However, in the real world, this simply isn’t true

 Is trading mindset more important than trading strategy?
Is trading mindset more important than trading strategy?

Strategy is very important for entrepreneurs and can help them make a profit. Many entrepreneurs often mistake strategy as the most...

Boring trading: reasons why your trading is not fun anymore
Boring trading: reasons why your trading is not fun anymore

Sometimes you realize that you fell into a rut and your trading got boring. You've lost that passion and drive, you’re not excited like at the very beginning when you were making...

TOP 5 Must-read Books on Psychology of Trading
TOP 5 Must-read Books on Psychology of Trading

Profiting on Olymp Trade or another online trading platform is not only about finding the right strategy. It has much to do with psychology and self-discipline...

How to Cope with Your First Failure on the Market?
How to Cope with Your First Failure on the Market?

If you've suffered your first loss trading, you may feel like giving up. But, remember, this is a turning point for you and your trading journey. Stop now, and you will...

XM - Industry Leading Global Investment Firm - Big. Fair. Human.

Servicing more than 3.5 Mill clients from more than 190 countries in more than 30 languages. Over 2.5 Billion trades executed with no requotes or rejections. Access to 1000+ instruments from 6 asset classes, 16 full feature trading platforms, 4 trading account types, 25+ secure payment methods and 24/5 personal customer service.

Trading mistakes every trader should avoid
Trading mistakes every trader should avoid

The volatility of the market makes it more exciting to traders, which can be a trap because of greed takeover. Some traders fall victim to making one or several...

How to set your financial goals and follow through with them
How to set your financial goals and follow through with them

Want to set financial goals for 2021 but have trouble with achieving them? There is no actual formula to how you can make this happen, but there are certainly...

Yes, we can: women in trading
Yes, we can: women in trading

We take the biggest inspiration in the stories of other people. They encourage us and help us find our way. This time we learn about the stories of four women...

Human resilience: the lessons we took from the pandemic
Human resilience: the lessons we took from the pandemic

Human resilience in the face of a public health risk and economic disaster does not mean that people haven't experienced difficulty or anguish...

How to Succeed in Forex Trading
How to Succeed in Forex Trading

When entering forex, proper training is paramount. Relying solely on intuition is not sufficient to help one succeed in this field. Analysis and proper manipulation of the market...

Know the Past to Create Your Future or the Brief Forex History
Know the Past to Create Your Future or the Brief Forex History

Where did Forex come from, and why we should know about its evolution? Global Forex market daily turnover hits $6.6t in 2020. Impressive, isn't it?

How to defeat the fear in Forex trading?
How to defeat the fear in Forex trading?

Fear is a natural emotion that people face a lot throughout their life. And since Forex is still quite a risky business, many traders, both beginners and experienced ones, have...

Trading, the business of opportunities
Trading, the business of opportunities

Globally, people are interested in business ideas that guarantee a steady source of income. It becomes more attractive if such ideas can be implemented at their...

3 things you can do after a long day of trading
3 things you can do after a long day of trading

Did you have a long and exhausting day of trading? Then you need to find ways to rest your mind and body. Recharge your powers by taking advantage of quality relaxation...

Becoming a pro: dialectics of studying
Becoming a pro: dialectics of studying

Every development process is particular to the one who is studying. The same applies to trading skills. Although all traders have similar objectives - becoming more...

XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

Stay Away From Suspicion
Stay Away From Suspicion

When you choose to do what you like but your mind is clouded by suspicious thoughts, then there is a risk of losing the substance. It will make you question your every choice...

Is earning money online trough forex trading really possible?
Is earning money online trough forex trading really possible?

Well - it is - but it is not that easy. You cannot enter the financial market expecting to become a millionaire within a few days. But if you are willing to put some time in it...

Stay Away From Suspicion
Stay Away From Suspicion

Suspicion can damage the image of what we perceive as real. When you choose to do what you like but your mind is clouded by suspicious thoughts, then there...

Here's How to Trade Smart During the Coronavirus Outbreak
Here's How to Trade Smart During the Coronavirus Outbreak

You are more likely to panic when your investments drop and quickly sell out your assets, however, this is not the best way to react when the markets go down...


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