My second month with FTMO will only end 17th of September (next Saturday) and I am already ranked 2nd on the 200k FTMO global leaderboard! So far I made already 45k USD in less than 2 month and only taking 1% risk per trade.
So, what does it take to succeed in trading?
In my opinion, to succeed in trading, you need two things: first, a robust understanding of the exact working principle of the market, a rule-based trading strategy. Because of little regulation in the investing/trading education industry, most people learn how to trade completely wrong because they often learn from individuals who are good at marketing but not trading. And this ultimately causes most people who attempt to trade to fail as they actually didn’t learn how trading, or the market works but instead poisoned with trading information and education that makes them buy high and sell low. This path is loaded with lagging oscillators, indicators, and conventional technical analysis information that results in high risk, low reward trading.
Secondly, you must be disciplined to follow your rule-based strategy. Even people who actually studied the proper trading education and equipped with the right information fail at trading because of the lack of discipline factor.
Developing and continuously improving your trading strategy takes out a lot of the uncertainty and reduces the anxiety involved in trading drastically. You will, however, continue to improve on your trading method and sharpen your skills with time.
Once you have successfully developed your trading strategy, you now need to discipline yourself to only trade opportunities that are in line with it.
At Online Trading Campus, we will teach you how to develop a dynamic trading strategy and how to use it to your advantage.
Author Bio: Bernd Skorupinski teaches the undiluted truth about trading and investing at Online Trading Campus and takes you through what it takes to be a consistently successful trader. His favorite moment as a trading mentor is the way peoples’ eyes light up with excitement and confidence when they understand how Supply and Demand trading strategy works and how it can help win in the trading arena. He believes in building core values and discipline that ensure his students do not succumb to the pressures and temptations of the market. He very much believes in following plans and strategy through. If you want to know more about the author Bernd Skorupinski please read HERE
Sat, Jun 18, 2022 9:30 AM – 12:30 PM