Trading Psychology Course - Know Yourself

Educating traders is one of our priorities at FTMO, as proven by our FTMO Academy that we launched a year ago. Now we are expanding this educational platform with a course on psychology, which is one of the key factors influencing traders' results.

Those who are unable to manage their moods and feelings when trading can have quite a big problem achieving consistently positive results. Here at FTMO, we are very aware of this, which is why we provide the services of our Performance Coaches to our FTMO Traders who have completed the Evaluation Process and have an FTMO Account.

And because we are thinking also of those who have not yet obtained an FTMO Account, we have prepared a Trading Psychology Course for all registered clients. This is designed for anyone who wants to improve their mental setup to help them achieve better results.

The course is divided into seven chapters, which are further divided into 32 parts. The lessons are designed to give you as much information as possible, from the most basic to the more sophisticated knowledge. Therefore, it is necessary to go through the sections one at a time, including questionnaires and quizzes that require your active participation. This way, we will be sure that you have understood everything you have learned in each section. Please note that the course is conducted in English.

Awareness

The first chapter is dedicated to awareness, which is the first step to understanding the mental processes you go through when trading. This chapter will not only help you to improve your mental setup, it will also help you to become more disciplined and successful in your trading efforts.

Theory of Personality

The second chapter focuses on the importance of getting to know your personality. This knowledge can then help you to better understand how your mind works and to understand the differences in what mental setup you are in at any given time. You will learn about the three states of your ego (parent, adult, and child), and understanding them will help you get into a phase where your decision-making is more rational and objective than it has been.

We have also prepared a small quiz at the end of chapter Two that should help you better remember the information you have learned in this section. It's nothing complicated, we certainly don't want to stress you out.

Expectations

Right at the beginning of the third chapter, which deals with your expectations, we will ask you some questions about why you started trading in the first place, what you expected from trading in the beginning and where you are now. There are no right answers, so it is up to you what you write in the boxes. These answers will be important in the later stages of the course, so it is a good idea to answer as honestly as possible.

Expectations can influence our feelings and behaviour in life, not just in trading, in a very significant way and in this chapter we will also talk about how to set goals so that you can be successful in trading.

Also in this chapter, we have prepared quizzes for you to help you remember what you have learned so far in the chapter. The first focuses on preparation before trading and realistic expectations, and the second focuses on setting realistic goals, which are the path to long-term success in trading. Again, don't worry about the complexity of the questions, it's all about reiterating the information you learned in the chapter.

The Structure

The fourth chapter focuses on the structure of your trading plan, which should clearly state what you need to do and why you need it in the first place. We also show you the procedures that will help you to follow your plan and overcome obstacles that might lead you down the wrong path and force you to do things that are not in your plan.

Emotional Stability

Every trader experiences a wide range of emotions in the course of trading, which are not always easy to manage. So chapter 5 looks at the basic emotions, the reasons why you experience them, and ways to get them under control. We also give you advice on how to keep emotions stabile and how to get them under control.

Also in this chapter, we have prepared some questions that focus on the problems and pitfalls that lead to emotions controlling you during trading. Again, it's good to answer honestly so that you can see for yourself where you have gaps in this regard and how you deal with emotions yourself.

Confidence in Trading

We devoted the sixth chapter to confidence, which is very important for successful trading, but is often lacking in many traders for one reason or another. We'll give you advice on how you can build healthy confidence, how to manage losing streaks, and how to ultimately achieve the best results.

Consistency

The last chapter looks at consistency, which should be the goal of virtually all traders. We will focus on what is important to maintain a positive mindset and sustainable results.

Again, we have prepared a series of questions that focus on expectations (so that you know where you have moved during the course), what works or doesn't work in your trading, and also what your goals are and what motivates you to continue trading.

Final evaluation

Unlike the other chapters in the Academy, you will not be required to answer the questions at the end of this course to pass the course. Instead, our coaches have prepared a final evaluation for you, in which your emotions will play a big role, and everything you have learned during the course. In fact, this evaluation contains all your answers to the questions you answered during the course.

This is why it is a good idea to answer the questions as honestly as possible during the course, because these answers will be your mirror in which you will see your possible progress during our course. At the same time, you will be able to use them in your further studies and in your actual trading.

We haven't forgotten our final hints and tips, including a mental cheeklist that you shouldn't forget before each trading day. Trade responsibly and safe!