Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

10 Rich Trader Mental Habits

How To Have A Growth Mindset For Forex Trading

This is a Guest Post by Liam from PriceActioNinja.com. A professional Forex trader is not identified by having multiple trading screens or highly complex trading strategies. Instead, what separates winning, professional traders from amateur, losing traders is the mindset they approach trading with and the actions they take to improve and refine their trading performance.

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What is opportunity cost ?

What Is Opportunity Cost?

Opportunity cost expresses the expense of a chosen option among other alternatives in contrast to enjoying the benefit of the other possible choices. The ‘cost’ is the difference in one reward versus another. The opportunity cost is the reward that is not received due to not choosing the other better option. If the second best

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