{"id":407603,"date":"2021-03-05T14:02:08","date_gmt":"2021-03-05T13:02:08","guid":{"rendered":"https:\/\/ftmo.com\/?p=407603"},"modified":"2024-03-28T10:55:17","modified_gmt":"2024-03-28T09:55:17","slug":"know-your-strengths-and-weaknesses","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/","title":{"rendered":"Know your strengths and weaknesses"},"content":{"rendered":"

Do you know what your strengths and weaknesses are?\u00a0This question <\/span>that<\/span> recalls an average job interview is very familiar to all of us, <\/span>isn\u2019t it?<\/span> But do we really know <\/span>the right<\/span> answer <\/span>and h<\/span>ow<\/span> is it beneficial for us in trading?\u00a0<\/span>That’s exactly what we’ll look at in a this article.<\/em><\/p>\n

Knowing your strengths and weaknesses is a crucial step <\/span>to<\/span> becoming and remaining a successful Forex trader. It\u2019s a must to determine the key personality traits to maximize the impact of your strengths and minimize the potential harm caused by <\/span>y<\/span>our flaws.\u00a0<\/span><\/p>\n

This process is always different for every single Forex <\/span>trader simply<\/span> because each person has their own characteristics and experience<\/span>.<\/span> T<\/span>hus, an outstanding recommendation for one Forex trader can be mediocre or <\/span>simply a bad one for another.<\/span>\u00a0<\/span><\/p>\n

What works for some traders may not work for others.<\/span><\/p>\n

It is crucial to understand<\/span> our trading psychology and <\/span>align<\/span> it with other key trading components such as our strategy, trade management, risk management, and the overall trading plan<\/span>.<\/span> W<\/span>hoever finds this delicate balance will make profits.\u00a0<\/span><\/p>\n

\"\"<\/a><\/p>\n

Find <\/span>harmony<\/span> among these elements. <\/span>M<\/span>aximize your profits. Become a successful trader!<\/span><\/p>\n

Any mismatch within these components will lead to <\/span>imbalance and e<\/span>very component is crucial. Knowing yourself makes you an outstanding trader.<\/span><\/p>\n

We need to work on our weaknesses and <\/span>improve our <\/span>stamina<\/span>,<\/span> but those in the trading profession usually tend to focus exclusively on their weaknesses. <\/span>What we would suggest to you is to<\/span> mainly<\/span> focus on and develop your strengths<\/span>.\u00a0<\/span><\/p>\n

Think of it like this: the weaknesses and strengths are two sides of the same building. If the weakness is an open back door that costs you money, your strength is your ability to use the same back door to make more profit.<\/span><\/p>\n

You need to be your number one fan, believe in yourself<\/span> and<\/span> clap for yourself<\/span>.<\/span> But also<\/span> stay humble and aware that there is <\/span>always space<\/span> for improvement<\/span>.<\/span><\/p>\n

Focus on your strengths but don\u2019t forget about your weaknesses<\/span>. Being<\/span> aware of your flaws enables you to <\/span>improve and<\/span> become the best version of yourself.<\/span><\/p>\n

How to identify your strengths and weaknesses?<\/h2>\n

The best way to find out where you make the majority of mistakes is through practice <\/span>and<\/span> self-awareness. What are your thoughts? What do you feel? Are you struggling with greed? <\/span>That may come from your impatience.<\/span> Besides greed, you may be struggling with your (false) hope <\/span>that<\/span> appears due to <\/span>the<\/span> lack of discipline. Be mindful while trading, journal all your trades and try to be objective and 100% honest with yourself.\u00a0<\/span><\/p>\n

\"\"<\/a><\/p>\n

You can also try some personality tests. T<\/span>hey may help you get to know yourself better.<\/span><\/p>\n

However, not all strengths and weaknesses are related to personality traits. <\/span>Some<\/span> qualities can also be related <\/span>to the realities<\/span> of your life, for example, how much time you dedicate to markets and trading.<\/span><\/p>\n

Your self-awareness is essential.\u00a0<\/span><\/h2>\n

Have you read our article about <\/span>mindfulness in trading<\/span><\/a>?<\/span> Understand that what you think your strengths and weaknesses are and what they <\/span>really<\/span> are may<\/span> be two completely different things and if you aren\u2019t objective in identifying these good and bad traits, you might end up trading in a style that\u2019s the complete opposite of the way you should be trading. Become your own observer and find the best way for <\/span>yourself.<\/span><\/p>\n

The importance of this last point cannot be overemphasized. It\u2019s incredibly difficult to analyze our strengths and weaknesses without bias.\u00a0<\/span><\/p>\n

Thus we recommend <\/span>contacting<\/span> our performance coach who will help you see everything with clarity.<\/span><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Do you know what your strengths and weaknesses are?\u00a0This question that recalls an average job interview is very familiar to all of us, isn\u2019t it? But do we really know the right answer and how is it beneficial for us in trading?\u00a0That’s exactly what we’ll look at in a this article. Knowing your strengths and […]<\/p>\n","protected":false},"author":44,"featured_media":589348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5184],"tags":[],"class_list":["post-407603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-psychology"],"acf":[],"yoast_head":"\nKnow your strengths and weaknesses | FTMO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Know your strengths and weaknesses\" \/>\n<meta property=\"og:description\" content=\"Do you know what your strengths and weaknesses are?\u00a0This question that recalls an average job interview is very familiar to all of us, isn\u2019t it? But do we really know the right answer and how is it beneficial for us in trading?\u00a0That’s exactly what we’ll look at in a this article. Knowing your strengths and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\" \/>\n<meta property=\"og:site_name\" content=\"FTMO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/ftmocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T13:02:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-28T09:55:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\"},\"author\":{\"name\":\"Daniel Kuchta\",\"@id\":\"https:\/\/ftmo.com\/en\/#\/schema\/person\/e19858442faa4d101a51094cfe2317bf\"},\"headline\":\"Know your strengths and weaknesses\",\"datePublished\":\"2021-03-05T13:02:08+00:00\",\"dateModified\":\"2024-03-28T09:55:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\"},\"wordCount\":610,\"publisher\":{\"@id\":\"https:\/\/ftmo.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png\",\"articleSection\":[\"Trading Psychology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\",\"url\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\",\"name\":\"Know your strengths and weaknesses | FTMO\",\"isPartOf\":{\"@id\":\"https:\/\/ftmo.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png\",\"datePublished\":\"2021-03-05T13:02:08+00:00\",\"dateModified\":\"2024-03-28T09:55:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage\",\"url\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png\",\"contentUrl\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ftmo.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Know your strengths and weaknesses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ftmo.com\/en\/#website\",\"url\":\"https:\/\/ftmo.com\/en\/\",\"name\":\"FTMO\",\"description\":\"For Serious Traders\",\"publisher\":{\"@id\":\"https:\/\/ftmo.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ftmo.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ftmo.com\/en\/#organization\",\"name\":\"FTMO\",\"url\":\"https:\/\/ftmo.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ftmo.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2024\/09\/FTMO-icon-dark.png\",\"contentUrl\":\"https:\/\/ftmo.com\/wp-content\/uploads\/2024\/09\/FTMO-icon-dark.png\",\"width\":696,\"height\":657,\"caption\":\"FTMO\"},\"image\":{\"@id\":\"https:\/\/ftmo.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/ftmocom\/\",\"https:\/\/x.com\/FTMO_com\",\"https:\/\/www.youtube.com\/channel\/UCypUrEOeDRA5_uLMnKBVpZg\",\"https:\/\/discord.com\/invite\/8j7r5XaaW6\",\"https:\/\/www.linkedin.com\/company\/ftmo\/\"],\"email\":\"support@ftmo.com\",\"telephone\":\"+44 2033222983\",\"legalName\":\"FTMO s.r.o.\",\"vatID\":\"CZ699005540\",\"taxID\":\"03136752\"},[]]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Know your strengths and weaknesses | FTMO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/","og_locale":"en_US","og_type":"article","og_title":"Know your strengths and weaknesses","og_description":"Do you know what your strengths and weaknesses are?\u00a0This question that recalls an average job interview is very familiar to all of us, isn\u2019t it? But do we really know the right answer and how is it beneficial for us in trading?\u00a0That’s exactly what we’ll look at in a this article. Knowing your strengths and […]","og_url":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/","og_site_name":"FTMO","article_publisher":"https:\/\/facebook.com\/ftmocom\/","article_published_time":"2021-03-05T13:02:08+00:00","article_modified_time":"2024-03-28T09:55:17+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png","type":"image\/png"}],"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#article","isPartOf":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/"},"author":{"name":"Daniel Kuchta","@id":"https:\/\/ftmo.com\/en\/#\/schema\/person\/e19858442faa4d101a51094cfe2317bf"},"headline":"Know your strengths and weaknesses","datePublished":"2021-03-05T13:02:08+00:00","dateModified":"2024-03-28T09:55:17+00:00","mainEntityOfPage":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/"},"wordCount":610,"publisher":{"@id":"https:\/\/ftmo.com\/en\/#organization"},"image":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage"},"thumbnailUrl":"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png","articleSection":["Trading Psychology"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/","url":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/","name":"Know your strengths and weaknesses | FTMO","isPartOf":{"@id":"https:\/\/ftmo.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage"},"image":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage"},"thumbnailUrl":"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png","datePublished":"2021-03-05T13:02:08+00:00","dateModified":"2024-03-28T09:55:17+00:00","breadcrumb":{"@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#primaryimage","url":"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png","contentUrl":"https:\/\/ftmo.com\/wp-content\/uploads\/2021\/03\/Know-your-strengths-and-weaknesses.png","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/ftmo.com\/en\/know-your-strengths-and-weaknesses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ftmo.com\/en\/"},{"@type":"ListItem","position":2,"name":"Know your strengths and weaknesses"}]},{"@type":"WebSite","@id":"https:\/\/ftmo.com\/en\/#website","url":"https:\/\/ftmo.com\/en\/","name":"FTMO","description":"For Serious Traders","publisher":{"@id":"https:\/\/ftmo.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ftmo.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ftmo.com\/en\/#organization","name":"FTMO","url":"https:\/\/ftmo.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ftmo.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/ftmo.com\/wp-content\/uploads\/2024\/09\/FTMO-icon-dark.png","contentUrl":"https:\/\/ftmo.com\/wp-content\/uploads\/2024\/09\/FTMO-icon-dark.png","width":696,"height":657,"caption":"FTMO"},"image":{"@id":"https:\/\/ftmo.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/ftmocom\/","https:\/\/x.com\/FTMO_com","https:\/\/www.youtube.com\/channel\/UCypUrEOeDRA5_uLMnKBVpZg","https:\/\/discord.com\/invite\/8j7r5XaaW6","https:\/\/www.linkedin.com\/company\/ftmo\/"],"email":"support@ftmo.com","telephone":"+44 2033222983","legalName":"FTMO s.r.o.","vatID":"CZ699005540","taxID":"03136752"},[]]}},"_links":{"self":[{"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/posts\/407603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/comments?post=407603"}],"version-history":[{"count":8,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/posts\/407603\/revisions"}],"predecessor-version":[{"id":614100,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/posts\/407603\/revisions\/614100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/media\/589348"}],"wp:attachment":[{"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/media?parent=407603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/categories?post=407603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ftmo.com\/en\/wp-json\/wp\/v2\/tags?post=407603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}