Trading Psychology Secrets | Australian Sharemarket Education & Investing Mindset Short, SEO-Friendly Description:
Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology
00:00
How to Be a Successful Trader
Upwards of 80% of traders consistently lose money and only 1% achieve predictable long term profitability. Academic studies focused on the length of time you traders remain active show that nearly 40% last one month in the market, while only 7% remain active after 5 years. Successful traders have found a method of conducting trades that create an edge which can be applied repeatedly to the marketplace. But is trading a learned skill or is it an innate skill because if it's innate then no matter how much training you do it still won't help. Research strongly suggests that you can control your own psychology and that a growth mindset is the key.
Play episode from 06:50
Transcript
