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.
Latest episodes
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3 min
Trading Mind: Inspiration - Trading Heroes
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 i…
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3 min
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 dif…
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4 min
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 inspi…
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2 min
Trading Mind: Power of Positivity - What's the catch?
We’ve talked previously about how positive affirmations can make you a better trader. But what’s the catch? Is there some fine print somewhere? Keep in mind that this is one of the…
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3 min
Trading Mind: Power of Positivity - Recovery (Step by step guide)
We’ve talked about the power of positive affirmations - where believing in your capabilities and goals helps you achieve them. Here’s an example of how you can make your positive s…
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3 min
Trading Mind: Power of Positivity - Affirmations
Self-belief sets the professionals apart in every endeavour. If you weren’t lucky enough to be born with a high belief in your own abilities, there are still ways that you can cult…
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3 min
Trading Mind: Power of Positivity - Self-talk
One thing professional athletes and good traders have in common is understanding the value of a solid recovery plan. Looking after both your physical and mental health is important…
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3 min
Trading Mind: Your trading DNA - Rationality
Rationality in trading is the ability to make choices that will result in the best possible outcome given the information available. Rational decisions aim to maximise an advantage…
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3 min
Trading Mind: Your trading DNA - Confidence
Every trader requires a certain level of confidence so that they can identify and act on opportunities, as well as bounce back after a losing streak. IG's survey found that investo…
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3 min
Trading Mind: Your trading DNA - Decisiveness
In trading, like in life, your personality can be a driver of what you do and how you do it. One big area that affects how traders make certain decisions is their decisiveness. Thi…
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3 min
Trading Mind: Your trading DNA - Patience
How patient would you describe yourself to be? That’s one of five key areas of personality that you can work on to help maximise your trading results. In trading, like in life, you…
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3 min
Trading Mind: Your trading DNA - Discipline
In trading, like in life, your personality can be a driver of what you do and how you do it. Successful traders recognise when their personality traits could predispose them to mak…
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4 min
Trading Mind: A trading plan in 7 steps
Successful traders create their trading plans to help set themselves up for success. A trading plan is essentially a framework that guides traders through the entire trading proces…
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3 min
Trading Mind: Consistent Trading Strategy
When it comes to the process of trading, having a consistent trading strategy cannot be understated. This is because uniformity leads to sensible trading decisions, but building an…
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4 min
Trading Mind: 7 steps to turn your FOMO into JOMO
JOMO - or "joy of missing out" - is an important concept for traders, emphasizing the need to take a step back, think, plan and enjoy, rather than rushing into trades due to the an…
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3 min
Trading Mind: FOMO vs JOMO
FOMO vs JOMO: that one letter makes all the difference. JOMO substitutes ‘fear’ for ‘joy’, suggesting that not only is it OK to miss out – it’s actually something to be relished. J…
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4 min
Trading Mind: Managing emotions - Money Scripts
Are your money scripts holding you back? Money scripts are often inherited from your parents and grandparents. It’s like the script written in a play that has been passed down to y…
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3 min
Trading Mind: Managing emotions - Keeping a log
Learning how to manage your emotions is critical to achieving that, because trading emotionally can hamper your success. One way to keep your emotions at bay is to keep a trading l…
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3 min
Trading Mind: Managing emotions - Accepting winnings
Just as important is to quit while you’re ahead and take your winnings. A succession of wins or one particularly big win can make you feel invincible, and that euphoria could subse…
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3 min
Trading Mind: Managing emotions - Take a break from losses
Sometimes after a loss, the best thing you can do is walk away from your trading account for a short while to gather your thoughts and compose yourself – rather than rushing into a…