Trading Psychology – Self-belief
This week a further three graduates of the Futex Academy Trading Floor Training programme have experienced live market trading for the first time. Reflecting on a very successful debut for all three traders, the subject of self-belief has been at the forefront of our discussions.
For both new and experienced traders a very strong sense of self-belief is required to compete at an elite level in a challenging, performance-based environment. As the behaviour of the financial markets we participate in on a daily basis is constantly changing, traders rely on self-belief to flourish in the face of high levels of uncertainty. However, in order to generate consistent profits traders must understand exactly what self-belief is and how to nurture it.
Self-belief is having the inner confidence that you will perform effectively even when the outcome or result is uncertain. It is a leap of faith in yourself allowing you step out of your comfort zone into something new, unfamiliar and uncomfortable. By definition the outcome of any trade is unknown at the point of entry. Successful traders embrace this fact, without fear, and use the belief in their trading ability to execute their trade ideas consistently. The result of this process is enduring, consistent profitability. One of the biggest challenges faced by novice traders is operating effectively in an environment of uncertainty. For many it is the first time that such a challenge has been faced. At Futex Academy we have significant experience in guiding aspiring traders through this challenge and nurturing inherent self-belief.
New traders at Futex Academy hone their trading skills, along with their inner confidence and self-belief, on a professional trading simulator before venturing onto the live market. They are coached to immerse themselves in the financial markets and to trade actively as only with experience does self-belief grow. They are encouraged, mentored and supported, from day one, with the aim of building self-belief and they enjoy the benefits of being surrounded by many experienced, live traders whose attitudes to trading they can model.
With over 10 years experience of training individuals to trade futures consistently profitably, Futex Academy knows how to maximise the chances of success for any aspiring trader. By nurturing self-belief as a key element of our training programmes, we will continue to enjoy successful debuts such as those that we have experienced this week.
Futex Investment & Trading Academy
“The Ultimate Futures Trading Education”
Tags: confidence, encouraged, leap of faith, mentored, simulator, supported
