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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INTRODUCTION

In any competitive arena, whether it be trading, sports, or life in general, the question is often asked: what sets apart the best from the rest? In most cases, success isn’t determined by those who are physically the best – otherwise the strongest people would be the most successful. Similarly, it isn’t the people who have come from the most privileged backgrounds necessarily, or have had the most expensive education. So, what is it exactly that makes the difference between someone who is good, and someone who is great?

All of us can think of at least one person who we admire, who possesses certain characteristics and qualities which we would like to emulate – and those characteristics and qualities are invariably psychological in nature. Therefore, any measure of long-term success attained by anybody can usually be linked back to their mindset, for example an ability to bounce back from adversity, to learn from their mistakes and move on without dwelling on their failures, or have an unwavering belief in themselves and what they’re doing. Nowhere is this no truer than in trading.

Behind all the various complexities, trading is simply the interaction between the neutral reality of the market and the mind of the trader perceiving it. Therefore, with no trader or group of traders being powerful enough to manipulate the markets for long, the only thing we can manipulate is our mind and its ability to perceive market information accurately, before acting accordingly. To do this however, the trader must ensure that two distinct aspects of his or her mind are working in harmony with one other – namely, the conscious mind and the subconscious mind.

Therefore, this section of the training programme focuses on the different characteristics of the conscious and subconscious mind, and how you can learn to bring them both into balance so that they learn to work together in manifesting the goals you wish to achieve both in your trading and in your life.

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