dbFX holds latest in series of ‘Psychology of trading’ webinars for forex traders

dbFX.com, Deutsche Bank’s online retail foreign exchange (FX) trading platform, is holding the latest in its series of webinars to help traders better understand the psychology of their trading.

Dr Doug Hirschhorn, known as ‘Dr Doug’, a leading peak performance coach on Wall Street, will host the webinar on the 21st of October at 7.30pm British Standard Time (BST), 2:30pm Eastern Standard Time (EST) and is titled ‘The psychology of taking profits and losses’.

During the live webinar, Dr Doug will outline the reasons why traders can often find themselves in the right trades when trading forex but then get out too soon or conversely, have a tendency to hold on to their losses too long. The seminar will also help traders to better understand what a good or bad loss is. Attendees will also have the opportunity to submit questions before and during the webinar which will be answered at the end.

The webinar will be available to view at anytime for a 24-hour period from Wednesday 28 October 4pm BST, 12pm EST, so that different time zones have the opportunity to see and hear the session. Those interested in taking part should visit www.dbfx.com/drdoug to register and find out more information.

Betsy Waters, global director of dbFX.com, commented: “The first three of our webinars have been very popular with FX traders who want to get a better sense of their trading habits, rather than just understanding currency trends and strategies.

“The final webinar in this series looks at the ‘right’ and ‘wrong’ reasons to take a profit, as well as helping investors to understand what constitutes a ‘good’, and what constitutes a ‘bad’ loss – because it’s important to understand the difference when making trading decisions.”

Launched in 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 82 countries around the world. The platform was named ‘Best Retail Platform’ by Profit & Loss in 2008 and brings the benefits of Deutsche Bank’s award winning expertise in foreign exchange to clients, with Deutsche Bank ranked the No. 1 Foreign Exchange Bank in 2009 by Euromoney magazine for the fifth year running*.

The website can be accessed at: www.dbfx.com

* Euromoney Foreign Exchange poll 2009