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Challenge
The worlds’ largest FX hedge fund has lost 12%, or $ 3bn assets under management in 2011. 70% of all retail traders lose trading FX. Making money consistently is clearly a game against all odds.
Despite these sobering facts, FX markets continue to gain broad popularity with an increase of more than 20% average daily turnover in just three years to an incredible 4 trillion USD (2007-2010). Every single day.
Consistent profitability in FX trading is possible, but extremely difficult. More specifically, traders are confronted with a large number of challenges ranging from performance anxiety, poor technology, inconsistent execution of the trading plan, counterparty risk to difficulties in designing and executing a robust trading system with positive expectancy.
The 5% who make profits -against all odds- focus on specific key challenges that differentiate the “winners” from the “losers”.
The Traders’ Leadership Council research initiative gathered feedback from traders around the globe with little over one to over 25 years experience in trading, from small trading accounts to more than USD 100 million assets under management.
We are proud to share the key insights of the iniative with our members.
Where Traders Go Wrong
Traders becomes extraordinarily inefficient as they fail to adapt to the trading environment.
- Psychology: Stress leads to irrational behaviour
- Execution: Many confuse getting into the markets with flawless execution
- Consistency: Letting losers run and cut winners short
Our Insight
Successful traders shift their mindset and understand trading as a business:
- Realized and Remove Stress: Trade Scenario Planning, Minimize Interference, STOPP Approach
- Build and Analyze the Plan: Positive Expectancy System, Clinical Trade Analysis, Visualize Success
- Focus and Execute the Plan: Trade Automation, Risk Visualization, Rules of Consistency
Feel free to contact us via the blog to learn more about the key findings and how to apply them to your trading.
We look forward to hearing from you.