A question often asked is why results achieved on a demo account tend to differ from live trading? Among other things, the effects of trading psychology act as a key driver. Live market conditions draw in psychological elements typically not encountered in a simulated environment. In a nutshell, live trading involves depositing actual funds into … Continue reading Demo Trading vs. Live Trading
Updated March 2020 Operating in the financial markets will forever remain a learning process. For that reason, memorising the subtle nuances of each trade is of the utmost importance. This helps recognise mistakes and ultimately mature as traders. How we do this is by maintaining a trading journal. Keeping a trading journal is akin to … Continue reading Making Use of a Trading Journal
Learning how to regulate psychological conflicts is as important as developing a well-defined risk/money-management strategy and trading methodology. Having all components function side by side is paramount to successfully trade. Unfortunately, trading psychology is often overlooked. Many traders mistakenly believe developing solid trading methodologies is all that’s required to profit. If you’re incapable of regulating … Continue reading Trading Psychology: How to Begin Thinking Like a Professional Trader
We’re lucky enough to be joined by Terry today, who has kindly agreed to answer some questions about his trading journey. Terry is coming to us from the UK, England and has been involved in trading for eight years, with three of those years trading live money. So, without further ado, let’s dive in and … Continue reading Interview with a Successful Trader
Many of the best traders began their careers on a frustrating note, experiencing the same difficulties most of us go through. Trading is a process that can take years to master. Much of the learning consists of governing one’s psychological state and deciphering between high and low-probability situations. Any trader worth their salt will tell … Continue reading Trading Confluence: a High-Probability Approach
