This is a guest post by Tino @TradersReality. There have many associations that martial arts have with probably every endeavor in life. The simple reason is that both require discipline. Now you have more than likely read the basics of marital arts is preserving your character, having the discipline not to react when not required, […]
Martial Arts and Trading Read More »
There are two different methods for reasoning, inductive and deductive. While deductive reasoning looks for certainties, inductive reasoning is used when a circumstance is seen as supplying evidence that a conclusion could be true. The belief in a conclusion based on inductive reasoning is highly probable and based on evidence that can be seen and
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The Dunning–Kruger effect is a cognitive bias identified in the world of psychology. This effect is identified when people believe their intelligence and knowledge is adequate and correct when in reality they are ignorant and inexperienced in the area they think they are competent in. In reality, they are not only ignorant and blind to
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Confirmation bias is a psychological filter that causes people to interpret information in a way that proves or at least confirms what they believe is true or what they believe will happen in the future. Confirmation bias is a kind of mental bias and is the wrong way to use reason to arrive at the
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This is a Guest Post by Liam from PriceActioNinja.com. A professional Forex trader is not identified by having multiple trading screens or highly complex trading strategies. Instead, what separates winning, professional traders from amateur, losing traders is the mindset they approach trading with and the actions they take to improve and refine their trading performance.
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This is a Video Guest Post by @AKFallible. I hope everyone had a great 4th of Julyweekend! I’m real glad to be in America. Real glad for electricity and water too. This gratitude helps in trading as well. You’ll see how in the video below.
How Gratitude Keeps A Trader Mentally Balanced Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Anyone entering into the trading world, usually creates the illusiion that once you start, then all your dreams and desires will manifest and you can go on to become your own boss and do whatever
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This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here by request. Everyone knows, the goal of a trader is to make money. Although this is the general consensus, having this frame of mind usually leads you to frustration and loss of money. So how do we
Focus On The Process Not The Money Read More »
I appreciate one of my Facebook trading friends letting me share his post about the lessons he learned from his trading mentor. A trading mentor shares his 35 years of lessons repeatedly pounded into his student’s heads: 1. Assess the reward to risk ratio 2. Do not get in unless you can control the risk.
A Trading Mentor Shares His 35 Years Of Lessons Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Receptivity and Trading- Believe in Yourself Receptivity and trading? Believe in yourself? Does that have anything to do with technical analysis or fundamental analysis? I am afraid it has to do
Faith, Hope, and Perseverance in Trading Read More »