The following is a guest post from Michael Lamothe. I'm Michael Lamothe, and today marks an extraordinary milestone: the first anniversary of "The Trading Mindwheel." I extend my deepest appreciation to Rolf for inviting me to share this journey with you all. Reflecting on the past year, it's been a voyage of discovery, growth, and profound impact, not just for myself but for traders worldwide who have embraced the ethos of the book ..read more

It's easy to get discouraged by losses and question your every move. But what if there was a way to track your progress, learn from mistakes, and build confidence as a trader? A trading journal offers exactly that. By recording your trades, emotions, and results, you can transform yourself from a novice into a self-aware and successful trader. Here are 10 reasons why a trading journal is your secret weapon in the financial markets ..read more

Dive deep into the world of finance and high-stakes trading with this selection of movies and documentaries! From the exhilarating thrill of lucrative deals to the devastating consequences of unchecked greed, these films offer a captivating exploration of money, trading, ambition, and the human condition. Whether you're a seasoned trader or simply curious about the inner workings of Wall Street, this list has something to offer everyone ..read more

Margin trading and leverage are powerful tools in the arsenal of online traders. At its essence, margin trading allows traders to borrow funds to purchase more shares than their available capital would normally permit. This financial leverage can significantly magnify profits on successful trades. However, the flip side is that losses can also be amplified, making margin trading a strategy that carries considerable risk alongside its potential rewards ..read more

We have been trading for over 15 years and during that time, tested hundreds of resources and trading tools. In this article, we have compiled the 9 most helpful trading tools and resources that we use daily ..read more

In the world of online trading, developing a set of successful trading habits is crucial for anyone looking to achieve consistent profitability ..read more

In the world of online trading, success does not just depend on market knowledge or technical analysis, but significantly on the trader's psychological resilience and mindset ..read more

Backtesting is a methodical approach where traders evaluate the effectiveness of a trading strategy by applying the rules to historical data to see how the trading strategy would have performed. This technique allows traders to simulate a strategy's performance without risking actual capital to find potentially profitable trading strategies ..read more

As a Forex trader, you can choose from dozens of currency pairs to trade from, but which is the right choice and what are some common pitfalls when choosing the wrong Forex pairs for your trading? Choosing the wrong Forex pairs can result in suboptimal trading conditions, increased risk, and reduced profitability. The best Forex pairs often depend on market volatility, economic events, liquidity, and your personal risk tolerance ..read more

Trading is more than just taking entries and exits; making money, protecting your trading capital, and dealing with the psychological aspects of money are often overlooked aspects of successful trading, keeping traders from reaching their full potential. As a trader, you need to develop healthy money habits that support your goals and help you stay clear of the common pitfalls that many amateurs fall into. It doesn't matter if you're a veteran trader or a newcomer to trading — solid money habits can transform your trading approach from a gambling attitude, relying on luck, to a methodical sty ..read more