Have you ever had a friend/relative/stranger get interested in trading after you tell them about it?  It's happened to most of us, and it usually ends in disaster.  But there's a right and a wrong way to handle this, because having people you know or meet show interest in your trading WILL happen to you, probably multiple times, if it hasn't already.  We all want others to succeed with us, or at least have somebody we know take this journey with us.  It can be really exciting.  But it's no...

No Nonsense Forex has had its share of detractors, as you would expect.  Some are sillier than others.  But two of the biggest have a common theme, and it should be discussed, because everybody here has had these same thoughts at some point, and they may STILL creep up from time to time.  VP and Robb discuss the most common -- The guy who thinks shortcuts are the way and will settle for nothing else.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex...

Don't think there aren't advantages here -- monetary and psychological.  There are disadvantages too, but VP and Robb (mostly Robb) discuss how the mechanics of options trading can be a big boost to your overall performance, and in several different ways.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL:...

What a great feeling it is to finally be validated for your efforts, your creativity, your ideas, whatever it may be.  But depending on WHEN this happens in your trading journey, and how you choose to handle it can make all the difference in the world.  VP and Robb discuss their own encounters with this phenomenon, and come up with the best ways to deal with something that should be a great thing all the time.....but may not always be.   #TradingPsychology   Maverick Links   Click Here To...

This one affects a lot of you.  It's crippling.  And it only takes one piece of your personality to fall into this disease.  Out of VP and Robb, guess which one this affects?  In Episode 61, we go over the symptoms, the problems, and as always the solutions to an issue that prevents some of the world's greatest potential traders from ever getting off the ground floor.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

No matter where you are in the world, you can take your trading talents to your nearest major stock market and do some real damage.  There are also many opportunities to market YOURSELF as a result of this success as well.  But what should you know ahead of time, technically and psychologically?  There's nobody better to ask than Robb, and we do a lot of that in Episode 60.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

Nobody who trades currently ever took a bunch of losses early on, then just kept taking them.  You would have quit long ago.  You have certainly gone through times, whether it was on demo, real money, or even in your early education, where you thought you were damn near invincible, and you were probably going to win 90% of your trades.  It sounds stupid now, but what if I told you it's probably going to happen again?   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

WARNING: This is more of a beginner episode, but should still be enjoyable for most of you and definitely has psychological undertones to it if you're paying attention.  But it's mostly VP and Robb sharing old war stories for 42 minutes, including the one time Robb traded 100 lots in one trade!!   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick...

An update on the future of the Trading Psychology Podcast for 2024

If we didn't all have big egos, we wouldn't have started trading in the first place.  But when is it good and when is it harmful to our trading?  If you can recognize the differences, you're way ahead of most traders, we can say that much.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL:...

Shot back in mid-December, there are ABSOLUTELY psychological hurdles to deal with when it comes to news events in trading, yet we seldom think about them.  VP and Robb have two very different takes and solutions to this issue, but we're certainly all in this one together.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL:...

A lighter one for the holidays.  Exactly as it says, VP and Robb give advice to their younger selves at three different and pivotal points in their lives.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL: https://maverickcurrencies.com/application-3-a/?utm_source=VPPodPsych   Click Here To Learn More about Maverick Trading’s...

Nobody wants to quit trading, but sometimes it's the correct move, and it's very important to identify the reasons why it may be time to check out for good.  VP and Robb lay out those reasons, and explain why (if applicable) quitting the trading game could be one of the best things you could ever do for yourself.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn...

You may not be in a desperate place now, but what if things change a year or two from now?  There are more ways to end up here than you think.  VP talked about desperation long ago, but now it's Robb's turn to add on his Prop Firm stories and anecdotes, to what can be an account cancer if left untreated.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about...

Strap in, this is a good one.  You've made money trading the markets.  You now know when to take some profit out of your account.  So where do you put that money?  What makes sense, and what doesn't.  Getting this part right goes a looooong way to determining whether or not you end up successful in this game long-term.  VP and Robb give you lots of possibilities, some good, some not so good.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

There is no one perfect answer to this question, but VP and Robb (mostly Robb) try to give you a blueprint for that magical moment when it's time to remove some money from your account.  How much?  How often?  There are...no...perfect answers, but there are ways to determine when it's best, and Episode 51 does its best to make you aware of them.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

We've all thought about it.  With all of these psychological issues that plague traders and blow out their accounts, or at least hold them back a lot, why not just automate part or all of your trading and eliminate these things altogether?  Well if it were that simple, everyone would do it, wouldn't they?  There are lots of nuances here, and although you'll never find a black-and-white answer to this question, experienced traders VP and Robb do their best to break it all...

Trading is the most exciting thing on Planet Earth -- until it isn't.  Then what?  It will probably happen to all of you at some point, and it helps a lot to have an idea of how you're going to deal with it once it does.  VP and Robb have both been there, and will guide you through an unavoidable future problem.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More...

We've touched on it a bit before, but there are so many different ways and reasons why you may "chicken out" or postpone a trade entry or exit, and VP and Robb are here to outline all of them, and provide a solution where it's necessary, including some tools you may be able to find on your charting software.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More...

"I only trade EUR/USD, GBP/USD, EUR/GBP, and the NASDAQ".  WTF, why?  You must have Familiarity Bias, and it creeps up in more cases than just this.  Robb and VP list all the ways they know of, give some examples in their own trading, and as always, explain what can be done about it.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies:...

We thought we would sneak a half money-management/half psychology episode in where we felt it was appropriate.  But these tips can make a gigantic difference in your overall account, and your quality of life.  How much difference?  Robb says double.  VP is a bit more skeptical.   Follow along with Robb's example below:   Math Trader A - Starting Account $10K, 24% yearly return, no money added1 year - 12682 3 years - 20398 5 years - 32810 10 years - 107651 1M in 20years 9 months Trader B -...

Most people have the wrong idea about the trading lifestyle when they first start.  Then they learn the hard way.  Don't learn the hard way, listen to Episode 45 of the Trading Psychology Podcast where veterans VP and Robb tell you the truth about this game, and how you can stay in it for the long haul by first getting rid of false perceptions.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading: ...

Have you ever had lucky or unlucky trades?  You're lying, no you haven't, and that's the lesson behind Episode 44, because this can and almost certainly has affected your trading at some point.  Will you let this bias derail everything you do?  For some traders, it already has.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL:...

It would be great to trade with a clear head all of the time, but this isn't realistic.  Apart form all of the external things we have going on in our daily lives, there are set beliefs which affect the way we trade, and we probably don't even realize they exist!  VP and Robb are here to help with this, in Episode 43.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To...