No Nonsense Forex Trading Psychology

by Patrick Victor

Without full control of your own trading psychology, you officially have nothing. It does not matter what else you do. All new traders start with a very poor grasp of their own trading psychology, and it often never gets better. We waste so much time working on all other aspects of trading because they're a lot more fun and exciting, then wonder why we never got to where we wanted to be in our trading careers. All of the time we spent, the hopes, the dreams, and most noticeably the money -- all gone. Bad psychology was the reason. It always is. Without it, nothing else works the way it's supposed to. Unlike most material you will find on the subject, which is usually nothing more than high theory and a vague tip or two, this book breaks down trading psychology all the way to its core, explaining why traders get in their own way so much more often in the world of Forex Trading than any other market, break down why it happens, and then show exactly what we can do about it. **This book can also apply to stock trading, crypto, commodities, and most other traded markets, but for the sake of simplicity focuses on Forex trading. Once you have purchased this book, you have it for life, and you can easily refer back to it anytime you are facing a difficult battle in your own trading. Chances are, the current dilemma you're facing at the time will be covered here. Here is everything you will - An explanation on why Forex is the one market set up for the most people to succeed, and also for the most people to fail. - A one-page blueprint on exactly how to keep bad trading psychology at bay - The "Elimination Method". No need to add a bunch of extra pieces to the puzzle, this book is primarily about what we can simply remove. It's all much easier than you think it is. - 18 separate examples of psychological dilemmas we currently have, or will soon encounter as traders someday, and how to overcome them all. - Three things you can do RIGHT NOW, to instantly vault your own trading psychology over almost every trader alive today. - How to use your newfound mastery of your own trading mind to set yourself up to survive and prosper through what is certain to be a very unpredictable decade. One single chapter in this book can be the difference between a trading situation which constantly plagues you and ruins your account, and turning it all around so you can put all of that lost money right back into your pocket. What's that worth? This book was also written to be an entertaining and very easy read. This is a welcome change in the psychology category, I think you will agree. I really do hope it serves you well, and has life-changing effects on the way you trade. You were wise enough to try and fix the one thing that takes every failed trader down -- almost nobody does that. I hope this book was exactly what you needed. -- Patrick

Genres: Finance

181 pages, Kindle Edition

Published September 16, 2020

Reviews

[JH · Rating 5 out of 5]

You know those books you finish and start reading again immediately?

In a matter of months, I’ve gone from dabbling in trading, to REALLY getting stuck into the NNFX method of trading, from beginning to end, buying and reading this book, and when I say my life has changed, I truly mean it.

Thank you, Patrick, for sharing your knowledge with the world so generously. Your work is changing lives. Any trader, struggling with trading psychology and money management (what trader doesn’t?) should read this book.

There’s a massive bonus in reclaiming one’s time here too. Time capital, mental capital and monetary capital - commodities worth investing the time and effort needed to study and implement trading the NNFX way.

I’m so grateful I run into VP in a podcast episode I listened to 2 years ago. And for the lockdown that brought me back to trading seriously, after my business as a fitness coach stalled during this pandemic we’re still so affected by. Again VP, thank you. I’m going pro. All because of you. You’re appreciated.

[John S. Welch · Rating 5 out of 5]

Thank you

i’ve been a trader for years. I’ve watched many of your no-nonsense FOREX videos and listened to your podcast and I find each one to be very informative and sometimes enlightening. I switched over to being a Forex trader, but prior to this I’ve been an equity trader . I’ve done well there. In other words, I’ve made a lot more than I’ve lost. But Forex is different and my attitude needs to be different as well. Also I see that my tools need to be quite different from what I’ve been using. I never really thought about the psychology of trading in all my years trading. This book makes it clear what I’ve been missing and I’m sure that my trades in the future will just get better and better because of it.

[Thomas Sedlock, MD · Rating 5 out of 5]

The legitimate place to learn Forex.

After twenty some years of reading most of the published trading books, attending over fifteen workshops, subscribing to over twenty trading and investing newsletters, and losing over one hundred dollars, I began to know what had substance and what was fluff, and that was when I discovered and worked through the No Nonsense Forex podcasts and YouTube videos. Although trading psychology was covered, I wish that I had this book along with "Trading in the Zone" to start my trading education, but maybe I had to do the stupid self-centered and costly stuff, ie. hit bottom financially, before I could begin my recovery with Patrick's book.

[Chris · Rating 5 out of 5]

The trading book you need to read.

Make sure you consume the NNFX content before or after if you want to learn to trade the right way.

Keep this book as a reference and return many times.

The lessons and principles in this book apply to life not only trading so if you decide fx trading is not the path you want to take you will still get incredible value from this book.

Apply the principles to anything you do and you will be successful.

The writing style is clean and direct which is typical of VP which fans of his YouTube channel will understand.


An excellent book from a brilliant human.

[Casey D Wilder · Rating 4 out of 5]

A very solid read if you're a NNFX follower. Even if you're not, there's a good chance you'll agree with most of what you read, though VP is a notoriously polarizing individual and he doesn't give the slightest fuck about that. You may not need to agree with everything he says and that's okay, but you should be thick skinned enough to not get your feathers ruffled if you plan on making in any trading industry.

[Ilias Zagas · Rating 5 out of 5]

Though the message it delivers is "unsexy"(quoting the writer), this book is an eye-opener. No life hacks or easy solutions. It provides the necessary mindset and course of action, which gives you the best probability to achieve your long term goals. Put in the work consistently,have a plan and the time of gratification will come.

[George Li · Rating 5 out of 5]

not technical book and more preciously experience and attitude sharing.

I’ve been on the trading road for years, but not able to be said success, it’s a fortune to get this book and knowing more from VPs YouTube challenge and podcast.

This book is a wonderful addon to his Yt channel and podcast.
If you are on this too, I am surly recommend this book to you too.

[James Aspinall · Rating 5 out of 5]

Awesome Trading Psychology book

Awesome book by VP on Trading Psychology. I've read Trading in the zone and this isn't just a rehash. It's VP's psychology book and pretty dang good.

[I am infinitely financially wealthy · Rating 5 out of 5]

Received some great unexpected tips, as is always the case with VP.