Money Management & Psychology is the key to success – says Jean Claude from Canada

Discipline and emotions under control, these are the values of Jean Claude from Canada.  He started as a financial advisor and became a successful trader. We wish Jean Claude a further success in the future with FTMO.

The Challenge itself is very easy if you know how to calculate risk.’’

Tell us something about you. How did you start trading?

I am a financial advisor in Canada and I love finance. The only thing you need to master is money management and psychology management. Anything else is just a tool of improvement because even if you master technical analysis and fundamental analysis and cannot prove that you are making money, you can’t call yourself a successful investor.

Can you briefly describe your trading strategy?

My strategy is very basic:

  1. I don’t look for price, I look for value.
  2. Make your profit/loss ratio into 2/1.
  3. Don’t look at the chart every minute.
  4. Be confident with your trades.
  5. Stay away in trading if you are emotional to make a decision.

What did you do well?

The Challenge itself is very easy if you know how to calculate risk.

What do you need to improve?

I want to improve my knowledge in CFDs, because I am not really a fan of low volatility.

Was the Challenge helpful?

It was helpful to prove that I can do it because it sets me to focus and let my dream come true.

Would you recommend Challenge to other traders?

I would only recommend the Challenge for those people who can really trade because I want FTMO and my partners to be profitable.