When it comes to investing or trading, your mindset is one of the most important things that play a part. How does psychology impact trading? Discover the factors that can influence financial decisions – personality, emotions and moods, biases and social pressures. We unpack these in this series, Trading Psychology, brought to you by IG.
If you are having trading fatigue and are looking for ideas to stay inspired and trade financial markets with confidence, you’re tuned in to the right station! So how do you find inspiration? One easy way to look up to your trading heroes. If you don’t already have trading heroes in mind, seek traders you relate with and who you can emulate, in terms of their methods, but more importantly, their mindsets.
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15 Aug 2023
Trading Mind: Inspiration - Don’t play the blame game!
When it comes to trading outcomes, especially when things go south, we often try to identify the cause and more often than not, attribute blame. This is perhaps one of the most difficult lessons to learn in your trading life. If you do not take responsibility for your own actions, then your trading ability will probably never improve.
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11 Aug 2023
Trading Mind: Inspiration (Overview)
Before you can triumph, you have to try. But what motivates you to try in the first place? Inspiration can be elusive, but good traders know not to just sit back and wait for inspiration to come along. Rather, they go looking for it – and once they find it, they nurture it. But what is inspiration exactly, and can it help your trading?
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