Psychology is 80% of success - Funded Trader

The trader’s success amounts for over 80% to his psychology.

This is the first argument you might want to start reading about: it’s going to be a lot of work, it will take time, and you’ll become a good trader and a better person!

Psychology for traders

I stumbled upon Trading Composure some time ago, I find it a unique very honest project: I followed his “The Psychology of risk for traders” FREE mini course and found it very interesting!

And between you and me: his courses are real cheap at the moment, grab them before he grows and rises the price tags, it’s good quality material, really.

The importance of the trading journal from the best trading psychologist EVER trust me!

Dr Brett Steenbarger is possibly the most experienced traders psychologist out there today!

His blog is the most read on the web (and it surely isn’t so because of fancy graphics) and his books should be on your bedside table at all times, I’ve read only “The daily trading coach” and I found it amazing and incredibly clear, direct, practical.

So thanks to Journalytix for sharing this webinar, this material isn’t easy to get hold of so, enjoy!

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.

Funded-trader.com is not a registered financial advisor and holds no formal qualifications to give financial advice. Everything that is provided is purely for educational purposes only. All information here should be independently verified, researched and confirmed.

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

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