Psychology

You have nothing to lose. Really?

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“You have nothing to lose and our forex training can change your life”. This is how many fx training providers get amateurs into the forex trading game.

The truth is that you have much to lose:

  • money,
  • time,
  • belief in
Psychology

Should a trader act like Trump?

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Trade like Trump

Pres Trump appears to be a person who reacts with stubbornness when he feels that he is prescribed to.

He would probably describe it as “decisive”, “adamant” or “backbone”. Should you strive to be like him?

Then you could easily …

Psychology

Mark Douglas quotes

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Every trader has at least one person who influenced him/her at a critical stage of his trading development.

Mark Douglas was that for me although he died around the time I started trading. Douglas was my game changer, probably because …

Psychology

2 Things to guard against

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There are only two factors you need to guard against.

GREED – the need to possess increasingly more of something. 

Greed emotions include hope. Greed leads to trading losses

FEAR – a stressful state created by an awareness of impending …

Psychology

Trading forex while camping

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Even campers are sometimes bored and wish they had an activity that stimulated the brain.

Retirees who drive around South Africa and camp three months at a camping spot, or the “swallows” who move to warmer camping areas during winter, …

Psychology

Is forex trading gambling?

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When you trade forex, one observation you will often hear is that trading is gambling.

Rather than getting into a yes-no shouting match, let us look at gambling and trading to get perspective on the question.

People who liken the

Psychology

Fear and greed in forex trading

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Image by Alexas_Fotos from Pixabay

There once was a normal human being.

He wanted to become a trader. Forex, indices, commodities, options, it did not matter. He eventually chose forex because the promises of profits were more impressive. The promises of quick and easy wealth …