Download or read book The Successful Trader Foundation written by Thang Duc Chu and published by . This book was released on 2019-07-18 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the most important determining factor of succeeding or failing when trading in financial markets. If you stay in the trading business long enough, then you probably learn that very few traders can make a consistent profit out of the market in the long run. The harsh reality is that more than 95% of traders lose money in the long run, and most of the time they do not understand why. Hopefully, this book will provide you with the fundamental reasons as to why the crowd has been losing, as well as highlighting the fact that they will always lose in trading. This knowledge is applicable to any financial markets. In fact, this book explains the important foundation for traders who wish to possess the correct mindset and begin trading against the losing crowd. Then, from there, you will be able to build your own trading strategies based on this foundation. I firmly believe, that no system, entry, or indicator, or the holy grail can work for a trader without this fundamental knowledge. More specifically, what will you gain from this book? - An innovative viewpoint of a retail FX dealer on how and why most traders lose, no matter which systems they are trading. - Statistically based facts and arguments from aggregate trading sites such as Myfxbook, and Oanda. - Understand that most traders are asking the wrong questions. i.e., they always look for a magic system, entry or indicators that can make successful trading simple and easy. Therefore, they will always have the wrong answer. Furthermore, they have already failed before they even start. - Success in trading/investing depends on mindset and behaviors and has nothing to do with magical systems or indicators. - For investors, you will be able to evaluate trading strategies/systems and know which systems have the highest chance of success, in the long run, to invest into. - For traders, have a solid foundation to build your own trading system, not succumb into the failure of most retail traders and successfully trading against the losing crowd.