Archive for category: Psychology


5 Steps to Meditate

13 December, 2006 (19:21) | Psychology | By: Colin McGinley

Meditating is one of the most beneficial activities that I now perform on a regular basis since I started on my journey to become a great trader. This is an activity that can be done by just about anyone in many different ways. Different people get different benefits from performing regular meditation. [...]

Small fish, big ocean

8 December, 2006 (08:02) | Psychology | By: Colin McGinley

Imagine the world of forex trading as one big, vast ocean. There are many inhabitants of this watery world. Banks, investment houses, hedge funds, global companies and speculators to name just a few. It’s an ecosphere teeming with life of all shapes and sizes.
Where does the retail trader generally find themselves on [...]

How can I be a better trader?

17 November, 2006 (08:07) | Journal, Psychology | By: Colin McGinley

How often do you evaluate how well you are doing at becoming a better trader?
It’s probably not a question that most of us would even think of asking ourselves. Yet the benefits of asking and answering this question can accelerate us along on our journey to becoming who we want to become.
Being critical of [...]

Keys to trading success

9 November, 2006 (15:07) | Money Management, Psychology, Trading Plan | By: Colin McGinley

One of the very first statistics that most people come across as they start out on their trading adventure is that 95% of traders lose money. I’m sure that each and every one of those people thought to themselves, “I’m going to be one of the winning 5%”. I know I certainly did.
Another [...]

Focus on the setups

4 November, 2006 (20:02) | Psychology, Trading Plan | By: Colin McGinley

There is a rather lengthy article that was recently added over at the Forex Factory, and it’s not even primarily a forex article. The article was written by John Carter and is concerned with introducing the reader to the futures markets. I found it worth the read, picking up some useful tidbits of [...]