How To Think Like A Professional Trader by Mark Douglas
Description
In this six hour presentation, Mark helps those traders who may not have an extensive knowledge of how the markets work or interact with the individual or institutional trader have a deeper understanding of just what trading is all about. If you are relatively new to trading less than five years full time trading or have changed careers to jump into the game, then this presentation is for you.
Mark will cover:
trading skills
the three developmental modes of trading; mechanical, subjective, intuitive
the dynamics of price movement
characteristics of technical analysis
the relationship between the math and market movement
And much more!
So why do you feel it would be beneficial to âthink like a professional traderâ? Because if you think like one, you can trade like one! And what would trading like a professional imply? Easy, a professional trader produces consistent results and consistent income. Isnât it your goal to produce consistent profits?
Trading consistently requires a certain degree of psychological agility. There are a number of mental skills that need to be learned to be able to utilize a trading methodology to its maximum potential.
For example, I’m sure everyone has either heard the adage “to be a successful trader, you have to cut your losses short and let your profits run.” This is certainly a sound formula for success, but it is much easier said than done. It’s because the ability to make your losing trades much smaller than the profits from your winning trades on a consistent basis is a function of the way you “think” about trading. It falls into the category of a mental trading skill, not a technical skill as most traders assume.
Learning a good technical method and developing a sound trading plan can turn the market into an unending stream of opportunities. And that’s something to really get excited about. But that excitement can easily turn into frustration, if you don’t have the mental skills to execute your trades in manner that is consistent with your method or plan.
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What separates the professional from the typical trader is they have learned how to think about trading in a way that enables them to do exactly what they need to do, when they need to do it, without hesitation, reservation or internal conflict. In essence, they have learned how to “get out of their own way”, which, in turn, allows them to produce a consistently raising equity curve.
Want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
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This is Digital Download service, the course is available at Coursecui.com and Email download delivery.