Mindblown: a blog about philosophy.

With market sentiment shifting on a dime these days, it’s important to make sure that you’re able to adjust your forex strategy. You see, staying profitable in the long-run requires you to be able to adapt to constantly changing market conditions. Ever stop to think how casinos actually work and make money? Casinos rake in a…

It is said that the failure rate in the forex industry is very high, with more than 95% of aspiring traders expected to drop out of the game within their first few years of trading. At this rate, you might have a better chance of surviving the Hunger Games than becoming a successful forex trader! In his book One Good…

To become consistently profitable, you have to stay rational and emotionally detached. Many novice traders ride an emotional rollercoaster, feeling on top of the world after a win, but down in the dumps after a loss. Meanwhile, professional traders stay calm and relaxed even after a series of losses. They don’t let the natural ups…

We’ve all gotten our hearts broken at some point. And no, I’m not just talking about getting dumped by your high school sweetheart. The forex market also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless. Sure, you might say that you’ve stopped binging on chocolates and that you’re…

Our minds are gifted with pain-avoidance mechanisms that help us cope with physical and emotional suffering. Pain-avoidance in trading is different only in the sense that it deals with emotional pain. To avoid the pain of having wrong expectations, you subconsciously block any information that would invalidate your idea. You usually rationalize, make excuses, belittle the significance…

Some days most forex pairs are just going in one particular direction and it makes no sense to go against the herd. However, if you’re a fan of picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t be afraid to take a contrarian approach to your forex trades. When all charts…

All that talk about the R-word and bond yields spiking has everyone on edge these days! What could this mean for market volatility and how can you adjust your trade strategy? What is volatility anyway? Volatility refers to the amount by which an asset price fluctuates over a time period. It is measured by taking the standard deviation…

You’ve probably read enough financial headlines to be convinced that the sky is falling these days. Can your trading account survive a market crash? Here are five quick tips to keep in mind. 1. Stay rational This is simply a more constructive way of saying “DON’T PANIC!” Sure it can be unnerving to see market…