Trading In The Zone

Mark Douglas, a renowned trading psychology expert, uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. By teaching traders on the psychological aspects of trading and how traders can develop the mindset required for success in the financial markets. As the book begins by emphasizing the critical role that psychology plays in trading. It argues that trading success is less about the trading strategies and more about mastering one`s emotions and mindset.  He also introduces the concept of the “trading in the zone,” a mental state where traders are disciplined, focused, and free from emotional interference.  He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.