Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Tricks

Peter Brandt charts his success

Peter Brandt is a trader renowned for his charting capabilities. A classical chartist and author of detailed books on the subject and his  book, Trading Commodity Futures with Classical Chart Patterns, is a favourite in the trading community. Brandt is also the founder and CEO of Factor, a proprietary trading firm that produces research for large institutional clients.

In this week’s Opto Sessions, Brandt answers Opto’s quick fire questions and reveals some of the factors that make him tick.

 

What would you consider to be your edge in trading?

Persistence, discipline, patience and being detached.

 

What’s your top tip for newbie traders?

Get your expectations right. You have to have expectations which are real world and that can help guide you.

 

What’s your favourite book, non-finance or otherwise?

I love Jack Schwager’s Market Wizards series. I think it presents top line thinking of very smart people. It’s not a how to and doesn't tell you what to buy, but shares how some very successful traders think. To that degree, it's wonderful education.

 

Who do you go to for market insights?

I go to the charts.

 

What’s your top tip to keep calm in stressful situations?

I think it's important to remember to trade to live and not live to trade, as there are other things in life. Trading is captivating, but it’s not the real world. There's a whole real world out there that involves other people. We can lose that sense when our entire world is on a chart, on a screen, with prices blinking.

 

To hear more about what Brandt think’s matters when it comes to trading, listen to the full episode here.

 

 

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Listen to the full interview and explore our past episodes on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

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