5 Must Read Trading Psychology Books

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What separates a winning trader from a losing trader is psychology. Trading psychology, for those new to the subject, refers to the emotional aspects dictating a trader’s decisions. Irrespective of the trading plan employed, good psychology is a must-have trait for any trader. Learning to govern emotions and develop good decision-making skills will, unequivocally, improve … Continue reading 5 Must Read Trading Psychology Books

Moving averages explained

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In the right hands, moving averages (MAs) are an exceedingly influential approach. Statisticians categorise moving averages as part of a family of tools for time series analysis. Technical analysts employ moving averages to smooth data over time, allowing a clearer interpretation of the underlying trend. Moving averages are particularly potent in markets that have a … Continue reading Moving averages explained

Combatting the Dreaded Analysis Paralysis

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Common among newer traders, the temptation to incorporate as many trading indicators as possible is appealing. The rationale behind this approach is simple: if most of the technical studies reach a similar conclusion, buy or sell in the direction of consensus. While this may appear a reasonable technique, it encourages a phase known as analysis … Continue reading Combatting the Dreaded Analysis Paralysis

Basic Market Structure in the Forex Market

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As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market