Most, if not all, serious traders are certain about the fact that psychology and the effects of individual psychological traits, profoundly affects the outcome of financial trading. Yet, few understand how it can be governed; worked with, let alone how to train it, or, if it’s to be trained at all?
Some believe that the psychological factors in trading can be excluded by automated trading. Well, as will be explained in a later article, most of you will be in for a rather big surprise!
I’ve teamed up with some of the leading authorities in aviation- and management psychology to build tools for assessing traders and their psychological aptitude to develop as successful traders. We have statistically validated and verified data that identify certain personal traits that will make you a successful trader or not. Amongst others, this has been done on live trading floors with professional traders. The results reveal strengths for the individual trader and what weaknesses that can be trained or should be avoided, all together.
Which would these traits be? The fact is that there are several. Well, here are a few examples that may be already known to you. 1) Intelligence, high-IQ, bei…