FTMO continues to advance its commitment to educating traders on the essential qualities needed to succeed in the market, notably patience and psychological resilience. A recent statement from an FTMO trader highlighted that the key to successful trading lies in the ability to wait patiently for the right opportunity. This sentiment underscores the importance of maintaining a calm demeanor while navigating market fluctuations.
The firm also addressed recent economic indicators, specifically the United States' Durable Goods Orders for September. The actual figures reported indicated a month-over-month decrease of 0.8%, aligning with prior results, but surpassing earlier forecasts which anticipated a more substantial decline of 1.1%. Additionally, Core Durable Goods Orders for the same month showed a positive change of 0.4%, contrasting with a forecasted reduction of 0.1%, providing traders with critical insights into market conditions.
FTMO traders are reminded that the trading environment is not always conducive to equitable rewards for effort, and consistent acceptance of both successes and failures is paramount. Those who find difficulty in managing expectations and emotional responses during relentless setbacks are advised to reconsider their engagement with the market. FTMO remains dedicated to fostering a thorough understanding of these aspects among its traders to promote informed decision-making.