Desire To Trade Podcast | Forex Trading Tips & Interviews With Highly Successful Traders

380: The #1 Reason You Still Lose Money Trading

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Synopsis

The #1 Reason You Still Lose Money Trading In episode 380 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma where he talks about the #1 reason traders still lose money trading. He teaches an important assessment every trader must do for long-term success in trading. Download the Forex Traders Ultimate Success Pack Watch more videos featuring Michael Toma Watch the video replay here Topics Covered In This Episode 0:16 Introduction 01:06 Introduction to S.W.O.T. Assessment 01:50 Applying S.W.O.T. assessment in trading 03:20 Opportunities and Threats in S.W.o.T. analysis 06:53 Motivation, strengths, weaknesses, and self-improvement 07:53 What comes after the assessment? 09:18 How often do you review your assessment? 10:25 Michael Toma's advice on becoming a better trader 11:46 The importance of having a team 17:50 Michael's advice for 2023 18:18 Don't forget to download the template! and much more What is one thing you are going to implement after listen