In the next part of our series on successful FTMO Traders with above average profits or consistent results, we will look at the approach of one of our youngest traders, Pepijn from the Netherlands.
Read more:
Do you know what MAE and MFE are?
Maximum Adverse Excursion (MAE) is the level of loss an open position will fall into if it ends up in profit.
Maximum Favourable Excursion (MFE) shows the maximum possible profit on the position.
Optimise your Stop Loss and Take Profit…
FTMO Trader: Always analyse yourself. Write down your emotions in a failed trade and in a winning trade. Look at your behaviour how you feel when the trade is moving towards Stop Loss and Take Profit, what’s going on in your head.
"US stocks were helped higher by surprisingly dovish Fed and labour market data, gold fell for the second week in a row and US natural gas rose more than 20% since the start of the year. More to come in our Weekly market recap."
FTMO Trader: You are your own biggest enemy when you start to let your emotions control you. So, focus on your strategy and let your trade move freely, otherwise you’re sabotaging yourself!