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nobuy
CLCF83
LanguageENG
PublishYear2016
publishCompany Wiley
EISBN 9781118320433
PISBN 9780731406838
edition 1
  • Product Details
  • Contents
Most traders do not profit. The conventional wisdom is that about 70% of entrants end up in this category. A further 20% have advanced to the extent that they are in the breakeven rut: their results are variable, neither consistently winning nor losing. The remaining 10% are the consistent winners. These market players have an edge that enables them to operate a highly profitable risk management business in financial markets. Learning to drive a car is a much more complex and dangerous activity than learning to trade. Yet almost all who want to learn to drive succeed. So if 99% learn to drive a car well then why is it that only 10% succeed at trading? The answer lies in the fact that most who attempt to trade never actually learn the skills of trading under instruction; most never secure their licence to trade profitably. This book is about preparing you to obtain your licence to trade. This is a vital step in your transformation to becoming profitable. It is meant to fill the large gap that your software and trading platform cant provide. Its purpose is to enable you to take advantage of analytical techniques that present high probability set-ups. It is about giving you the trading road rules, their basis for safety and why it essential to stick to them. Its about the full repertoire of skills needed to drive your trading car to get the most out of it. It presents the skills that afford those in the breakeven rut to breakout of it. Its about practicing these skills so you can become a competent, profitable trader. The book also deals with some potential hurdles, especially with respect to your own mindset and ideas, which need to be overcome to allow efficient practice. The book sets out the standard set of criteria that you must achieve so that you can be awarded your trading licence. Once you have your trading licence you will have confirmed that you are at the threshold of the top 10%.

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