Tag: Trading Forex

Being involved in business ventures such as trading forex can be psychologically exhausting due to the unforeseen circumstances that a trader has to deal with. This is the reason why trading coaches advise their clients to make sure that they  have a very stable mentality to survive the challenges of trading. For today’s lesson, we will elaborate 5 emotional biases that may psychologically affect a trader’s performance in the market. 1.Bias on Anchoring This kind of bias occurs when we rely too much on a previously accepted piece of information…

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To consider or not to consider? That is the most common question of newbie traders when it comes to the need  of coaching services for trading forex. According to those traders who have had mentors during the early stage of their trade, they say that trade mentoring has made a positive impact in their trading outlook. In particular, it helped them save hundreds or even thousands of money that would cost them if they resulted in trial and error. Thus, it has helped them enjoy a profitable trading experience. Moreover,…

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