True color personalities | Trading Psychology | FTMO

Become our next FTMO Trader and work with an initial balance of up to $200,000:

Everyone is unique, everyone has some personal strengths and weaknesses. The awareness of these traits is the key if you want to become an experienced trader. In this video, we will take a look at the personality-identification system called True Colors which will help you to clarify who you are and thus understand and manage your behaviour in certain situations.

Interview with our FTMO Trader Mohamed:

Interview with our FTMO Trader Osvaldo:

Interview with our FTMO Trader Edward:

Interview with our FTMO Trader Griffin:

Interview with our FTMO Trader Roje:

Interview with our FTMO Trader Eric:

Interview with our FTMO Trader Nikita:

Interview with our FTMO Trader Holly:

Interview with our FTMO Trader Daniel:

Interview with our FTMO Trader Michael:

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All information provided on this channel is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity, analysis, or similar general recommendation regarding the trading of investment instruments. The content, in its entirety or parts, is the sole opinion of FTMO and is intended for educational purposes only. The historical results and/or track record does not imply that the same progress is replicable and does not guarantee profits or future profitable trading records or any promises whatsoever. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!

How to Choose a Forex Trading Strategy

Select the basic forex trading methods – There is no demand for you to use up complexity when easy strategies will certainly do just great. The broker’s guidance is essential yet it is not the end of the world. You will certainly need to experience all these situations prior to you can make a final choice.

Some Strategies for Forex Trading

Operating in the foreign exchange trading industry indicates that you need to be able to identify the signals as well as analyze their meaning within a general context. The marketplace may provide you some guidelines to the fact that a money is mosting likely to relocate from one place to the following. First off you require to discover the correct information. News electrical outlets are a wonderful initial resource but they are not always reliable. Consider the actual trading figures which are released by the financial institutions prior to thinking of your forex trading methods.

The Fear Factor in Forex Trading

Recognizing exactly how the mind functions in foreign exchange trading There will certainly be celebrations where you do points which are unusual. The worry factor can make you desert a completely lasting method for short-term cowardice. In some instances this fear variable has actually been overemphasized by the industry in order to push you right into riskier markets.

The Psychology of Forex Trading

Although the passion is to have foreign exchange trading which is logical, mind games tend to contribute as well. The mind is a crucial part in figuring out whether you are mosting likely to win or you are mosting likely to lose. The trading flooring can be a jungle and you require to be incredibly stable in order to negotiate all the catches which are laid for you.

How World Events Can Affect Forex Trading

A recent scan of world events will certainly show the political connotations of these affairs. Foreign exchange trading is not immune to the truths of the economies within which it operates. If you have instability after that it is impossible for the currency to sustain long term development. You can make profits on world events however it is likewise possible that you will certainly suffer spectacular losses. The truth that few qualifications are needed to sign up with the foreign exchange trading makes it hard to control the field. The demand to think about globe events is very critical to your success.

Some Money Management Tips for Forex Trading

Comprehending the cash administration facets of foreign exchange trading – Learn to protect the cash which you have in forex trading. That means that you maintain the losses as little as feasible in all the situations. You require to comprehend how probability can impact the pot of money which you have reserved for trading.

Trading With Bollinger Bands

Bollinger bands, which is among one of the most typical signs located on trading chart, can work magnificently when used with various other technical analysis signs like Stochastic Oscillator, Loved One Stamina Index (RSI) And Also Typical Directional Index (ADX). Allow’s have a look exactly how this combination operates in taking profession placements in different market circumstances.

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