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FTMO Challenge Update:

One of the things I still have yet to learn is how to consistently pass the FTMO Challenge.

This is an objective goal that will translate to fiscal assets. Learning how to trade is a fundamental skill to wealth management and financial competency. A proficient trader is someone who trades by algorithm, and not by emotion, AND this non-static algorithm needs to continue to produce results.


In the past, Investment Bankers have broken up their ideas on predicting the markets into three categories of analysis: technical, fundamental, and sentiment. Technical analysis involves the interpretation of candlestick charts which in real time map the prices of the markets themselves. There are many different techniques that can be used to predict how the charts will move -- it is worth noting that almost all forms of technical analysis are different pattern recognition algorithms.


The next category of analysis is called fundamental analysis. This category refers to any information that is gathered from the real world -- F.E.D. meetings, bank holidays, major elections, and other events that could have an impact on the markets. This form of analysis can be summarized as an analysis of the news and current events.


The final category is known sentiment analysis. There are two categories of traders: retail and institutional traders. There are sites online where you can view what percentage of retail and investment traders are longing or shorting a specific market at a specific time. This type of analysis is all about looking at what everyone else is doing, and using this information to help determine whether or not to enter a position.



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