Walter Peters, a full-time price action trader renowned for his expertise in risk management, unveils the secrets to trading success. He discusses the evolution of risk management, emphasizing the importance of adapting strategies to market conditions. The conversation highlights the role of price action, trading timeframes, and the psychological resilience necessary for success. Walter also explores the future of trading, including the potential of cryptocurrencies, while urging new traders to focus on self-mastery and the significance of having accountability partners.
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Dynamic Risk Management
Risk management in trading is crucial and often overlooked, similar to a musician needing a good sound system.
This book, now in its third edition, expands upon the previous editions with fully revised and updated material on chart patterns. It includes revised statistics on 75 chart patterns, including 23 new ones, along with pictures and performance statistics. The book helps traders identify chart patterns, understand their performance statistics, failure rates, and special quirks that suggest better future performance. It also covers how often stop loss orders trigger within chart patterns, the evolution of chart pattern performance over three decades, and how to profit from trading busted patterns.
Full-Time Price Action Trader Secrets to Success
In episode 492 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Walter Peters to discuss full-time price action trader secrets to success. Learn more about the evolution of risk management strategies, the significance of price action, and the structure of trading timeframes.
The video is also available for you to watch on YouTube.
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders 