The gambler’s fallacy is referring to probability and the wrong assumptions. It may lead to erroneous suppositions and bad trading decisions. You must always analyse the market very carefully and avoid any traps that are waiting for you on the chart or in your own mind. So what is the gambler’s fallacy? The gambler’s fallacy … Read more
Trading is a serious and risky business. When you begin your journey with trading, you must realize there is always risk involved. However, I have some good news for you. There are some tricks that can help you to manage losses and ensure more peace of mind. What are they? Read the article and you … Read more
It can be sometimes difficult to distinguish between being passionate about something and being addicted to it. The line is quite thin. Both make you spend long hours on the subject. In the case of trading, you will be sitting in front of the computer reading, analysing and opening transactions. Whether you are passionate about … Read more
A dream of every trader is to gain a fast and large profit. This is the main goal of trading. You choose a broker, get to know the platform and enter the market in order to win. But you must be prepared that a loss may also occur. It is not possible to win all … Read more
Trading seems attractive to many because people think this is a fast and easy way to get rich. Well, it is possible, but let’s not fool ourselves. Trading is hard work. You need to invest your time and practice a lot. The key is to be a better trader and you can achieve it by … Read more
Any discipline requires practice. Trading is not different in this matter. You have to learn, work and gain experience to become a master. The beginnings are often difficult, but this is the phase everyone needs to pass through. It can just take longer for some. The newbies often aspire to do all by themselves. Then … Read more
Emotions are inherent to our behaviour. They can take us to the top, but can also ruin our life. To make good decisions your mind needs to cool down and does not succumb to your feelings. The same mechanism has to be implemented in trading. Especially if you have just started. Today, I will write … Read more