5 Steps To Building Unwavering Trader Confidence
The5%ers » Forex Trading Psychology
by Tomer Dubrov
1y ago
Building Trader Confidence Are you struggling with confidence in your trades? Do you find yourself second-guessing your decisions or doubting your abilities? This Webinar cover 5 steps to building unwavering trader confidence for boosting your confidence and maximizing your trading potential. Mark Holstead is the host of the youtube channel “UK spread betting” with over 350k subscribers and the founder of the trader’s mastermind trading community and podcast. He is also one of the main speakers in the upcoming trading event on June 17th, 2023, in the UK, The largest educational meet-up trading ..read more
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All You Need to Avoid Overtrading in Forex
The5%ers » Forex Trading Psychology
by Tomer Dubrov
1y ago
Forex Overtrading Challenge Forex overtrading is one of the most challenging lessons for a trader to understand. If you tend to overtrade and you continue to overtrade, you will lose a lot of money. You expose your money to the market any time you enter it, and the more you expose your money to the market, the more likely it will part ways with you.  In this guide, we’ll unveil what forex over-trading is and how you can minimize overtrading.    What is forex overtrading? Overtrading occurs when you trade too often, make exceedingly large trades, and take uncalculated risks. Ther ..read more
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How to Cope With the Four Major Causes of Fear in Trading
The5%ers » Forex Trading Psychology
by Gil Ben Hur
2y ago
Fear in Trading Ever since our days in the cave, we’ve been hard-wired to experience fear as a mechanism for survival. But in the modern world, many of the things we’ve been conditioned to fear have no place in our lives anymore. The four major fears experienced by traders generally stem out of a similar effort to survive. Traders can struggle to navigate and survive in difficult markets or even thrive in calmer times. Of the four most common traders’ fears, it is better to distinguish and understand what types of fear we’re experiencing to deal with the problem. Knowing how to classify the fe ..read more
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What The5ers Higher Funded Traders Have in Common
The5%ers » Forex Trading Psychology
by Tomer Dubrov
2y ago
The5ers Higher Funded Traders Each trader managed his account uniquely and personally and used an adapted strategy for himself. Discipline and consistency are a must to attain a long-term fruitful experience in trading. This webinar shows real examples of how the highest funded traders in our fund behave, manage their accounts, and what they all have in common.     If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter. Subscribe to our youtube channel. Click here to check how to ge ..read more
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Caught up in a Whipsaw Whirlwind in Forex Trading
The5%ers » Forex Trading Psychology
by Gil Ben Hur
2y ago
What is a Whipsaw Pattern and Whipsaw Effect? Many newbie traders fail because they’re taught to see the market in an unrealistic, simplistic way. Far from straightforward, the market is devious and plays tricks on all of us. Even if you bet that it will go up and down at the same time, you could still end up losing both trades. It may sound counterintuitive and completely unrealistic, but realities in the markets are far more complex than they appear. Understanding the deceptions it can present to you is essential to understanding what the market is all about. Imagine for a moment a room ..read more
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Your Trading Comfort Zone for Optimal Forex Trading Performance
The5%ers » Forex Trading Psychology
by Gil Ben Hur
2y ago
Achieving the Ideal Forex Trading Performance Setup You’ve set up your trading room or office and crafted a powerful strategy you can rely on. Next, you went out and set yourself up with a live trading account. Now, it’s time to make money, but before you dive in head first, ask yourself what will be your bread and butter way to make money from the market. Whatever the solution, it will be applying this strategy over and over again. To execute a good strategy consistently, you need to always be in the same state of mind, aka your forex trading performance comfort zone.   The Forex Trading ..read more
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The Most Common Forex Trading Mistakes and How to Fix Them
The5%ers » Forex Trading Psychology
by Ophira
2y ago
Forex Trading Mistakes In this article, we will tackle and discuss in depth a recurrent topic that a lot of forex traders, if not all of them, suffer from. The most common trading mistakes, and more importantly, we’ll try to give you some tools to try and fix those challenges.   Most Common Trading Mistakes There are two things that traders think they suffer from the most – over-trading and over-leverage. But these are just the edges of a much larger problem, these are just the actions, they’re like the symptom of the illness that we need to identify, there’s something behind this conduct ..read more
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How to Be Happy Taking a Forex Loss or at Least Accept it
The5%ers » Forex Trading Psychology
by Gil Ben Hur
2y ago
Taking a Forex Loss Stick with us here as we tell you something that might not be the most popular idea amongst traders. In fact, it might even strike many of you as counterintuitive. Ready for it? Here goes – a forex loss is not a failure as long as it is incurred according to the parameters laid out in your trading plan. Let that sink in for a moment. If you follow all of the rules and guidelines you set up for yourself in your trading plan, whether you win or lose, that is a success. Because no matter how long you’ve been trading for, you’re still going to fail at various times. It’s high t ..read more
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The Recency Effect in Trading – Don’t Fall Into Mental Traps
The5%ers » Forex Trading Psychology
by Gil Ben Hur
2y ago
Recency Effect Mental Trap Here’s a little thought exercise for you – think of the last book you read. Got it? Now try to remember the specifics of the book. Chances are that as you try to recall the specific events, you might remember the beginning but then the middle turns to mush, opening up to a much clearer ending. This is because, for tasks that take our brains a long time to process, we generally come out best remembering the ending. In psychology, this is referred to as the recency effect. When we apply this concept to trading, the recency effect is a mental state in which traders give ..read more
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6 Character Traits to Develop or Refine Your Day Trading Career
The5%ers » Forex Trading Psychology
by Blog Editor
3y ago
Use These Attributes to Grow and Enhance Your Day Trading Career It may seem as if developing a career in forex day trading is about finding a strategy, practicing it regularly, and making bundles of money. Yes, it is about that. But, where are our characteristics on that list? To become a successful day trader, you need to develop specific features to implement an effective strategy that delivers results in all market conditions. We may not be entirely aware, but we do use them daily, and maybe, at times, we notice that we should work more on developing these. These characteristics are innate ..read more
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