Watch this video and answer the question httpswwwyoutubecomw

Watch this video and answer the question https://www.youtube.com/watch?v=xIyE6voHqTA&ebc=ANyPxKqY3i5zLfG_Vl2EzfgOxER_P6GI0BkcInnm1wIRRWpvlUk3HB6PQ7uKO7nXoicsSuSoKXzHZxE6P-SKO5eig5tPerbNkg&nohtml5=False   What are the key management skills and how is each skill used?

Solution

Enhanced Understanding.

The understanding of the market and strategies. What are the belief of the market and how to work with those beliefs in order to benefit your organization

Effective State Management.

As a trader the states that will work best for you are: confident, calm, patient and relaxed, you need to understand how to avoid the following states: anxious, doubtful, fearful and thinking too much about the past or future.

Ability to Embrace Risk and Uncertainty.

Risk is something that every trader needs to work with, it is impossible that as a trader you will only work on perfect trades because they don’t exist, risk are part of the business and you need to accept them and learn how to work with them, demand a higher return on the investment if the risk is bigger