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Mindblown: a blog about philosophy.

  • Swing Trading

    Swing trading refers to the medium-term trading style that is used by forex traders who try to profit from price swings. It is trading style requires patience to hold your trades for several days at a time. Swing trading stands between two other popular trading styles: day trading and position trading. Swing traders identify a possible trend and then hold the…

  • Day Trading

    Day trading involves opening and closing positions within the trading day. It is a popular trading strategy where you buy and sell over a time frame of a single day’s trading with the intention of profiting from small price movements. Day trading is another short-term trading style, but unlike scalping, you are typically only taking one…

  • Scalping

    Scalping is like those high-action thriller movies that keep you on the edge of your seat. It’s fast-paced, exciting, and mind-rattling all at once. Scalp trading, also known as scalping, is a popular trading strategy characterized by relatively short time periods between the opening and closing of a trade. These types of trades are usually only held…

  • Know The Different Types Of Trading Styles

    Each trader is unique. There are over 8 billion people in the world (including space aliens disguised as humans and automobiles) and not one person is exactly the same as another. Even identical twins will have different fingerprints. Everyone has their own look, personality, talents, and pizza topping preferences (we like pepperoni and potato chips).…

  • Summary: Developing a Trading Plan

    The difference between making money and losing money can be as simple as trading with a plan or trading without one. A trading plan is an organized approach to executing a trading system that you’ve developed based on your market analysis and outlook while factoring in risk management and personal psychology. No matter how good your trading plan…

  • Stick With Your Trading Plan

    A forex trading plan is only effective if it’s followed. You have to stick to it. It sounds simple to do. It is really just common sense but most traders still can’t do it. Why, oh, why? Trader incompatibility. A trading plan should be a personalized plan for you, a plan that fits your own…

  • 21 Questions You Should Answer In Your Trading Plan

    One of the leading causes for the failure of many businesses is their lack of planning. If you want to be successful in life and business, you need to have a plan for how to obtain that success. Trading is no different from any other business. It is important to have a written business plan…

  • What Forex Trading Software, Hardware, And Other Tools Will You Use?

    What “toys” will you use for your forex trading profession? Write down the hardware, software, data feeds, furniture, and internet access that will comprise your currency “trading desk.” Don’t forget backups! Make sure you have a backup plan for everything just in case your main tools fail while you’re in a trade. What if your…

  • What Is Your Daily Pre-Trading Routine?

    What is your daily pre-trading routine? Waking up doesn’t count. Having a pre-market routine is important. Don’t think you can just jump out of bed, plop in front of your computer, fire up your forex broker’s platform and start easily grabbing pips as if they were apples from a very short apple tree. What activities will you…

  • Which Kind Of Returns Do You Expect To Make From Forex Trading?

    I want to make some money! Ahhh. Of course, anybody who’s interested in forex trading certainly has ambitions of raking in some dough. Trading involves risk, and we expect to be compensated for those risks. There’s no doubt that every currency trader expects to make a profit. The questions that you should ask yourself though are this:…

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