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Reach yourtradingpotentialSUCCESSFULTRADERS’ HABITSWritten by:Prof. Andreas Thalassinos(FXTM Head of Education)
REACH YOUR TRADING POTENTIAL50 SUCCESSFUL TRADERS’ HABITSAndreasThalassinos(BSc, MSc, MSTA, CFTe, MFTA)FXTM’s Head of Education is one of theworld’s most respected FX educatorsand Certified Technical Analysts. Professor Andreas Thalassinos is knownfor being an authority in algorithmictrading and for developing hundredsof automated systems, indicators andtrading tools used today. His passionfor educating traders and Forex industry professionals has made him a Guruof the industry with his tutorials beingwelcomed across the globe by thousands of attendees on a regular basis.Professor Thalassinos’ seminars areinstilled with a lively atmosphere andrenowned for being enthusiastic andexceptionally informative with outstanding attendance on every occasion. Professor Thalassinos’ seminarsand workshops are tailored to all experience levels, where both beginner2and advanced traders gain thoroughunderstanding of the financial markets and a deep knowledge of marketanalysis. His seminars particularly emphasise the importance of trend andrisk management in order to maximiseearning potential. With his extensiveknowledge, Professor Thalassinos hasbeen revolutionising forex educationfor years and was awarded with theinternational professional certificate,MSTA by the Society of Technical Analysts (UK), CFTe and MFTA by the International Federation of TechnicalAnalysts (USA). In addition, his latestresearch thesis is entitled “Anatomyof a living trend: Swing charts, HighPoints and Low Points, Peaks andTroughs and how their underlyingstructure may define their forecastingstrength.”3
REACH YOUR TRADING POTENTIAL50 SUCCESSFUL TRADERS’ HABITSIntroductionThe purpose of this book is to provide you with useful tips and tools to ensurethat you become an educated investor. FXTM has a team of highly-experiencedtrainers who develop materials for all levels of trader. Whether you are juststarting out, or consider yourself an advanced trader, you will find material thatwill enhance your skills. This book represents a small fraction of our educationalsuite, which includes seminars, webinars, videos, articles and eBooks. Theseresources are free to use, to help you sharpen your skills on the way to becominga successful investor.67
REACH YOUR TRADING POTENTIAL50 SUCCESSFUL TRADERS’ HABITS07Learn to identifythe trendThe trend is your friend. We have all heard that phraseso many times, but many traders don’t follow thewisdom behind the words.Well, successful traders do! Theirsuccess depends on identifyingthe trend early on, following it andunderstanding how to maximize itsbenefits. This can be daunting for newtraders because they are not trainedon identifying trends in the earlystages of development. Learning howto spot the small signs of a trendingfinancial instrument is a key technique20for success which every great traderuses. A trending financial instrument ismore likely to continue in the directionof the prevailing trend rather thanreversing, so it is a great source ofguidance for traders. The center of ourteachings at FXTM is the trend, and weprovide hands-on training sessions tohelp you spot it.21
REACH YOUR TRADING POTENTIAL50 SUCCESSFUL TRADERS’ HABITS12Revise your system toboost your potentialwinning tradesA lot of papers and articles have been written aboutthis vital topic in trading the markets.Some may argue that less winningtrades over losing trades is not a bigdeal as long as the winnings outweighthe losses. The bottom line, they say,is to have more profits than losses.No problem! What about the trader’spsychology, though? How does atrader feel when he or she loses?Not very pleasant, for sure! Whenemotions take over, a trader’s mindgoes blurry. A blurry mind is a recipe30for unpredictable outcomes such as alack of discipline. Successful tradersknow that very well and make surethat their strategy has more winningtrades than losing trades. After all,trader’s psychology is invaluable intrading the markets successfully.At FXTM our team of experts has plentyof tips to help you boost your potentialwins and minimize your losses.31
REACH YOUR TRADING POTENTIAL50 SUCCESSFUL TRADERS’ HABITSNOTES26Never try tobeat the marketIn the early steps of their trading career, novice tradersmake it their aim to beat the markets.You have probably heard stories offellow traders who are determinedto take control of the USD, own theEUR or punish that JPY. The truthis that this rarely ends well. To buyat the absolute bottom and exitprofitably at the absolute top is ofcourse the goal, however many hoursare consumed studying differentstrategies, indicators and combining58tools to do this. The earlier you getout of the “beat the markets” mindset,the faster you will find yourself on theroad to success. Let the market followits course and learn to trade like aprofessional. At FXTM, our educationalseminars and webinars will assist youin achieving your goals and help youkeep a level head.59
Notesto editorsThe FXTM brand provides international brokerage services and gives access tothe global currency markets, offering trading in forex, precious metals, ShareCFDs, and CFDs on Commodity Futures. Trading is available via the MT4 and MT5platforms with spreads starting from just 1.3 on Standard trading accounts andfrom 0.1 on ECN trading accounts. Trading on the MT5 platform is not available forForextime UK Limited. Bespoke trading support and services are provided basedon each client’s needs and ambitions - from novices, to experienced traders andinstitutional investors. ForexTime Limited is regulated by the Cyprus Securitiesand Exchange Commission (CySEC), with licence number 185/12 and licensed bythe SA FSCA with FSP number 46614. Forextime UK Limited is authorised andregulated by the Financial Conduct Authority, firm reference number 777911.Exinity Limited (www.forextime.com) is regulated by the Financial ServicesCommission of the Republic of Mauritius with an Investment Dealer Licensebearing license number C113012295.114DISCLAIMER: This written/visual material is comprised of personal opinions and ideas. Thecontent should not be construed as containing any type of investment advice and/or asolicitation for any transactions. It does not imply an obligation to purchase investmentservices, nor does it guarantee or predict future performance. FXTM, its affiliates, agents,directors, officers or employees do not guarantee the accuracy, validity, timeliness orcompleteness of any information or data made available and assume no liability for anyloss arising from any investment based on the same.Trading Forex and CFDs involves significant risk and can result in the loss of your investedcapital. You should not invest more than you can afford to lose and should ensure thatyou fully understand the risks involved. Trading leveraged products may not be suitablefor all investors. Before trading, please take into consideration your level of experience,investment objectives and seek independent financial advice if necessary. It is theresponsibility of the Client to ascertain whether he/she is permitted to use the services ofthe FXTM brand based on the legal requirements in his/her country of residence.115
REACH YOUR TRADING POTENTIAL: 50 SUCCESSFUL TRADERS’ HABITSAn educated trader is the best trader. Whether you’re a market veteran or a noviceinvestor, these 50 insightful techniques will boost your confidence, inform yourstrategies and invigorate your trading. Written by world-renowned FX educator AndreasThalassinos, 50 Successful Traders’ Habits is packed full of tips, tricks and technicalinformation – everything you need to reach your trading potential.www.forextime.com
REACH YOUR TRADING POTENTIAL: 50 SUCCESSFUL TRADERS' HABITS TRADERS' HABITS An educated trader is the best trader. Whether you're a market veteran or a novice investor, these 50 insightful techniques will boost your confidence, inform your strategies and invigorate your trading. Written by world-renowned FX educator Andreas
