{"id":546035,"date":"2023-03-15T12:24:32","date_gmt":"2023-03-15T11:24:32","guid":{"rendered":"https:\/\/abrakadabra.ftmo.com\/trading-is-just-your-perception-of-it\/"},"modified":"2023-09-26T12:06:59","modified_gmt":"2023-09-26T10:06:59","slug":"trading-is-just-your-perception-of-it","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/trading-is-just-your-perception-of-it\/","title":{"rendered":"\u201cTrading is just your perception of it\u201d"},"content":{"rendered":"
Trading is not about controlling market prices and which strategy a trader chooses. It is about how a trader can manage and control his emotions. Our new FTMO Traders Rashid, Trevor, Giorgi and Stward also know that this is one of the most important skills for successful traders.<\/em><\/p>\n What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?<\/strong><\/p>\n The most difficult thing I would say was overcoming ‘myself’, overcoming all the fears and insecurities inside of me that kept being reflected into the market which led to me taking trades that were not actually there etc. I overcame it through intense introspective work to deduce where the fears etc came from and profusely expanding my consciousness beyond the illusionary ‘self’.<\/p>\n What do you think is the most important characteristic\/attribute to become a profitable trader?<\/strong><\/p>\n Discipline.<\/p>\n What does your risk management plan look like?<\/strong><\/p>\n Maximum 25 pip SL for strong low risk and high reward setups for a minimum 3:1 RRR.<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n I didn’t have to manage my emotions as I am no longer attached emotionally to the charts so even if I win or lose it doesn’t affect me at all which allows me to be as objective as possible when trading.<\/p>\n How did loss limits affect your trading style?<\/strong><\/p>\n It had no particular effect on my trading.<\/p>\n What would you like to say to other traders that are attempting the FTMO Challenge?<\/strong><\/p>\n Trading is just your perception of it. By expanding your own awareness of self and reality and changing your perception of yourself and life itself your perception of trading will change which will help you see the charts and risk in a whole different light, so to speak, and this is within the ‘psychological’ aspect of trading. Talking strategy, all you NEED to know is how to lose efficiently: to lose small and well. Once you learn how to do this with your strategy you will earn the money you desire.<\/p>\n What does your risk management plan look like?<\/strong><\/p>\n My risk management plan is very simple, I use a Forex calculator to risk 1% of my account so that I may gain 3%. When trading, if I lose 2 trades in a row, therefore losing 2% of my account, I will be done trading for the day, keeping my risk to a minimum. Also, never taking a trade without having a Stop Loss and Take Profit.<\/p>\n Where have you learnt about FTMO?<\/strong><\/p>\n I work with IM academy and I heard about funded accounts and FTMO is one that I believe offers the best structure for a disciplined and consistent trader.<\/p>\nTrader Rashid: “Talking strategy, all you need to know is how to lose efficiently: to lose small and well.”<\/h3>\n
<\/p>\n
<\/p>\n
<\/a><\/p>\n
Trader Trevor: “Know your strategy and have tried it on a demo account at least once.”<\/h3>\n
<\/p>\n