In this episode Mark discusses the importance of discipline needed in not just becoming a full time trader, but also in passing proprietary firms.
The FX industry has progressed so much in recent years in terms of opportunities. Access to capital has never been easier than it is now. Achieving your goals has never been more possible. However, it also gives a false illusion of short term success.
People are willing to simply gamble their way on assessments or just take random trades in hopes of passing. Because passing an assessment does not necessarily mean that you are ready to trade high levels of capital.
People lack the discipline to first acquire the skills they need to become the asset and actually become the best trader they can be.
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“Patience is one of the hardest things for a trader to adopt. The truth is knowing when to stay out of the market is just as important. Protect your capital rather than forcing yourself to constantly be in the markets and take trades that don’t fit your plan.”
– Mark Hutchinson
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