Mark Douglas "The Disciplined Trader"
Many beginners are greatly mistaken in thinking that the main thing in Forex trading is to find a trading strategy; according to Mark Douglas, when achieving success, only 20% relates to the trading methodology, and the remaining 80% to compliance with the plan and rules.
Discipline is the main component of stock trading; failure to adhere to discipline always leads to disastrous results.
It is for this reason that there are so many loss of deposits among novice traders. The book "The Disciplined Trader" reveals the psychological aspects of trading on the stock exchange; here you will not find a description of strategies and tactics.
Summary of the book.
1. The market environment - a look at it from a psychological point of view.
Opportunities for stock trading, how profits are made, how to become a trader in a few steps. 2. Laying the foundation for understanding ourselves - a workshop on processing information, analyzing received news and making forecasts.
Self-improvement and steps to improve your psychological qualities. 3. How to become a disciplined trader - step-by-step personal development, a plan for becoming a trader.
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