The specialised book about trading activity ‘Zone Trading’ tells about controlling oneself and about psychological stability, maintaining emotions during the process of trading on stock exchanges. Often speculators in the market are faced with emotional decisions, tests for the psyche.
According to statistics, about 95% of people who have achieved success in some field, working with the financial market, lose money. It is quite difficult for many people to maintain a cold mind, soberly assess their capabilities and analyse trade deals based on the budget, market position and their own strength. It is also quite difficult to follow the rules of mani-management.
What Mark Douglas teaches in his book
In order to learn how to manage their trading strategy, control emotions when making deals, and learn mani-management, traders turn to specialised literature. It is important to find books written by professionals and practitioners.
This will help the trader to know the real situation in the market, to evaluate the author’s successes and defeats in order to form the right trading strategy. Mark Douglas in his book analyses how market participants can turn on a cold mind, not to go along with nerves and outbursts of emotions. After reading the book, you will learn self-control and restraint, which is very important for anyone who works with the markets. In fact, ‘Zone Trading’ will be useful to other business people who want to learn to think critically and be collected.
About the author of the book
Mark Douglas came into trading to earn extra income. For the first three years of his work, he managed to try different strategies, trading schemes, and the basics of technical and fundamental analysis. But it did not bring great results. Douglas decided to become a broker and researched the market and how it works from the inside. Having made many conclusions, Mark is writing a book for beginners, ‘The Disciplined Trader’.
The main area that the trader relies on in his work and in writing his books is human psychology. Douglas has successfully conducted hundreds of trainings, changing the mindset of clients and making an installation on ratsio, which eventually leads to success.In ‘Zone Trading’ analyses the psychological control of traders and their emotional state. The author explains step-by-step what needs to change in behaviour and thinking to improve trading. And according to the readers’ feedback, it works.