4 Psychological Pitfalls That Will Blow Your Account

Updated from Baby Pips original posting on April 26, 2010 In all my years of trading and talking to fellow traders, I have noticed that newbie traders are susceptible to four main psychological pitfalls. Let’s take a look at each one and examine them carefully. Hopefully, after reading this, you will be...

Just because you're in risky business doesn't mean you have to be a gambler.

— Ari Kiev, M.D.

Amateurs focus on coming to this market to make big money, professional traders focus on controlling risk on every trade. Amateurs eventually hand over their money to professionals who are protecting their capital.

— Trade Window FX

My Trade of the Week

Quick (or Not) Sell Position by jameseo on TradingView.com