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Trading Psychology

2:23 · 8 chapters · Forex basics, part 13

What you'll learn

FOMO, revenge and fear cost traders more than bad strategies. The rule that beats each one, plus a five-question checklist.

Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.

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Key point 1: FOMO: no setup, no trade
Key point 2: Revenge trading: set a daily loss limit
Key point 3: Fear: let the plan work or trail the stop
Key point 4: After wins: keep the same risk per trade
Key point 5: A written routine: decide while calm

Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.

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The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.