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 investors and traders had higher levels of confidence when it comes to financial decision-making than non-investors. But there is a difference between confidence and over-confidence, which is an unrealistic view of one's abilities.  

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 investors and traders had higher levels of confidence when it comes to financial decision-making than non-investors. But there is a difference between confidence and over-confidence, which is an unrealistic view of one's abilities.

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.

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.

IG Morning Markets

How does psychology impact trading? In this series, we help you discover the factors that can influence financial decisions — personality, emotions, moods, biases, and social pressures.

Trading Mind: Your trading DNA - Confidence

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.

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.

Trading Mind: Inspiration - Trading Heroes

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.

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.

Trading Mind: Inspiration - Don’t play the blame game!

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?

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?

Trading Mind: Your trading DNA - Confidence

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