Trading Psychology – Greed & Fear

Besides all of the fundamental and technical factors a trader must keep track ofin order to be successful, there is another area which is often overlooked –themselves. Besides all of the fundamental and technical factors a trader must keep track […]

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Personality, Emotions and the Psychology of the Trader By Abe Cofnas

Every trade you enter refl ects a personal judgment you are making. Recent research shows that particularly in forex trading a great deal of psychology is involved. Some

The Psychology of Trading: The Market as Mass Mind by Joseph Trevisani

What is the purpose of the foreign exchange market, or any market for that matter? It seems like a simple question with a simple answer, to permit participants

Coping With Risk and Uncertainty By Brett N. Steenbarger, Ph.D.

How do you cope with the risk and uncertainty that are built into markets, and are you coping effectively?  In this and my next article, I will be

Explaining Market Success By Brett N. Steenbarger, Ph.D.

Numerous books have been written on the topic of trading success.  Nevertheless, it is unclear how expert traders obtain their expertise.  Several explanatory models are implicit in market

Being Right and Making Money Are Not Equivalent By Van K. Tharp, Ph.D.

At investment conferences, the hottest speakers are those who provide information about high probability entry techniques. If you say, "Trade with the odds on your side" and show

Behavioral Patterns That Sabotage Traders – Part II By Brett N. Steenbarger, Ph.D.

Consider the following psychological scenarios: A student needs to pass an anatomy course final exam in order to successfully complete his first year in medical school. Because his first

Behavioral Patterns That Sabotage Traders – Part I By Brett N. Steenbarger, Ph.D.

Although I do not maintain a private practice of counseling/coaching for traders, it is perhaps inevitable that traders would contact me for assistance after reading my book on

Overcoming Market Panic By Brett N. Steenbarger, Ph.D.

When I was a beginning trader, I naively believed that a 100-share trade was no different from a 10,000 share one, since both could be executed with the

Trading as Mental Warfare By Brett N. Steenbarger, Ph.D.

Writings on the psychology of trading commonly view emotional conflicts and reaction patterns as impediments to successful trading. Accordingly, they advocate various therapeutic and self-improvement exercises to remove