In performance psychology, research has proven that people tend to perform a lot better and “up their game” while others will underperform if they have not been exposed to a challenging environment — like our funded trader program.
Which one are you? Can't say for sure, but Josef Lukac recently passed our funded trader program‘s evaluation with flying colors!
Josef Lukac, a commodity and forex trader for 20 years, shares his story with CTI's community on how his mindset when it comes to risk and profit gave him the edge to be consistent in his trading.
He's got a remarkable approach to his risk management, he would like to explore the benefits of diversification, which which an advanced risk management approach which tends to be important in value investing but can also be utilised in trading.
In fact, what stands out to me is that he also applies this approach to his trading where he also looked into other capital markets, effectively utilising intermarket analysis to gain the edge to excel in his funded trader program.
For those looking to incorporate intermarket analysis in their funded trader program, or their trading in general, in my opinion, I would suggest starting with the cross market analysis approach with different markets. For instance USOil and CADJPY, then incorporate oil news and understanding how it works.
Another example, in my opinion, to consider, perhaps much easier could be looking at the Dollar and any commodity, particularly Gold, since the commodities are priced in oil; and gold is directly priced against the dollar. A basic explanation is the Gold tends to be strong when people feel the fearful the US economy.
(Fundamental analysis can become its own article.; but those are some good starting points to consider.)
Below is his interview with us where he shares our same values that focus on good risk management and excellent psychology in order to ensure the financial market and succeed at trading.
Now, those of you who have been reading for a while should be noticing a consistency, if you're getting tired of noticing them, then good these principles are becoming ingrained into your head — if you haven't already potentially you're ready to give the funded trader program a go?
Without further ado, here is Josef's interview: