The Importance of Risk Management in Forex Trading

If it wasn't obvious already, the need to have your trading psychology locked down is the single most important thing in trading. But did you know we don't even use the correct part of our brain when we do trade? This can be a real problem. Episode 1 dives deeper.

MAVERICK LINKS

Click Here To Learn More about Maverick Forex Trading: URL: https://maverickfx.com/application-3-a/?utm_source=vpyt

Click Here To Learn More about Maverick Currencies: URL: https://maverickcurrencies.com/application-3-a/?utm_source=VPPodPsych

Click Here To Learn More about Maverick Trading’s Stock/Options Division: URL: https://mavericktrading.com/application-3-a/?utm_source=VPPodPsych

Maverick Trading YouTube Channel: https://www.youtube.com/@mavericktrading

EPISODE LINKS

Take the Trader Personality test - www.traderpersonalitytests.com

FXCM Trader Study - https://mavericktrading.com/wp-content/uploads/2022/11/fxcm-traits-of-successful-traders-guide.pdf

Illusion of Free Will - https://www.youtube.com/watch?v=SYq724zHUTw&ab_channel=LexClips Decision-making under risk: an fMRI study: https://pubmed.ncbi.nlm.nih.gov/18823238/

Effects of Perceived Control upon wagering in Computer Blackjack: https://www.tandfonline.com/doi/abs/10.1080/00221309.1995.9921237?cookieSet=1

Brain's "Gamblind Circuitry" Identified: https://www.sciencedaily.com/releases/2006/08/060803091759.htm Blackjack and the risky shift:

Monetary Stakes https://www.sciencedirect.com/science/article/abs/pii/S0022103175800242

FXCM Study 2012 - https://mavericktrading.com/wp-content/uploads/2022/11/fxcm-traits-of-successful-traders-guide.pdf

Illusion of Free Will - https://blogs.scientificamerican.com/observations/how-a-flawed-experiment-proved-that-free-will-doesnt-exist/#:~:text=Many%20people%20believe%20that%20evidence,person%20consciously%20decides%20to%20move.

NO NONSENSE FOREX LINKS

VP’s Trading Psychology Book https://nononsenseforex.com/forex-psychology-book/

Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - https://nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/

Blueberry Markets Blog (Top FX Broker) - https://nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/

Markets.com Blog (Other top FX Broker)- https://nononsenseforex.com/uncategorized/markets-com-review/

US Residents Go Here (Top US FX Broker)- https://nononsenseforex.com/uncategorized/ig-us-review/ Follow VP on Twitter https://twitter.com/This_Is_VP4X

Check out my Forex trading material too! https://nononsenseforex.com/

The hosts of this podcast are not licensed financial advisors, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading anything involves risk. Losses can exceed deposits. We are not taking requests for episode topics at this time. Thank you for understanding.