Disk 5.1 Trading Psychology

Disk 5 continues with trading psychology.  Enormously important for the beginner and emphasised again here to ensure that any student of Guy's is fully aware of his views on the subject.

It comes with a list of Do's and Don'ts which lay the groundwork for a frame of mind that will enable you to trade with peace of mind if you follow the Do's – while the Don'ts steer you away from behaviour that is likely to disrupt your life as well as your trading.

Both Flag-Trader and Guy's other training product major heavily on the security and peace of mind that comes from using his strategies – for which you need to absorb the clear instructions.

He also devotes some time to steer you away from a number of features of the traded markets which are surrounded by a great deal of hot air and rubbish being blown around under the pretence of advice and information.

The essence of Flag-Trader is to find and act on the clear signals that the market gives through the real price charts. Everything else is just unnecessary 'noise' in the system and Guy gives some rational explanations as to why he has come to the conclusions he has about the behavior of the market and it's traders.

Summary

Good, solid advice on do's and don'ts with specifics about what to shut out from your trading consciousness.