Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 4 - Technical Analysis
Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 5 - Psychology
Skillsfirst Level 5 Diploma in Financial Trading (RQF) - Module 6 - Risk and Money Management
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DISCOVERING YOUR VALUES

One of the most important questions you can ask yourself is what is it exactly that you want? Many times, we answer this question to ourselves by saying that we want more money, a bigger house, a new car, etc. However, what we really want are the feelings these things engender in us as opposed to the things themselves. Therefore, a valuable exercise is to list the top 5 emotional states which are most important to you, which may be the following:

  1. Success
  2. Freedom
  3. Adventure
  4. Power
  5. Health

By attaining clarity as to your core values, you will not only understand yourself and your motivations better, but also go far in selecting a particular style which is most suited to you. While trading outright crude oil futures might be the perfect trading strategy for someone who values excitement or adventure highly for example, this wouldn’t be the case for someone who strongly prefers security or comfort – who may be more suited to trading fixed income calendar spreads for instance.

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