Psychology

A cognitive bias is a systematic flaw in reasoning that can lead to making wrong decisions while investing. A common maxim in investing is that "you are your own worst enemy". Humans are naturally hard-wired to look for shortcuts and avoid…

The volatility of the market makes it more exciting to traders, which can be a trap because of greed takeover. Some traders fall victim to making one or several of the following mistakes. Read the rest of our blog and try to avoid these…

You might have heard a lot of trading coaches say that a positive trading mindset is crucial if you want to achieve something in the trading world. Sounds unlikely, doesn’t it? But reality shows that trading mindset is, in fact, one of the…

Usually we imagine the work of a trader on the stock exchange or a huge office among dozens or even hundreds of colleagues, a flurry of activity in buying and selling various trading instruments. But electronic trading is completely…

Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes. Yes, that is right. Most professional and successful…

Profiting on Olymp Trade or another online trading platform is not only about finding the right strategy. It has much to do with psychology and self-discipline. An ambitious trader should be aware of his or her strong and weak points and…

Often, when watching American films, one comes across such a concept as "Working mood" - the boss tries to rally his team by creating a working mood and inspiring confidence in victory. The ex-citizens of the Union smile at the cries of…

Sometimes you realize that you fell into a rut and your trading got boring. You've lost that passion and drive, you’re not excited like at the very beginning when you were making your first steps in trading. It all just got dull. But you…

The forex market, like none of the financial markets, is subject to the influence of moods, therefore, when trading on forex, psychological aspects occupy a special place. The psychology of the forex market can be divided into two main…

When you are getting ready to start your trading day, what is the first thing that comes to your mind? Are you thinking of different ways to minimize risk in the markets and increase your profits? Whatever comes to your mind first, the most…