Wieland's journey is a testament to the power of taking risks and embracing financial independence. He emphasizes the importance of understanding risk management and money management in trading. By learning how to navigate the ups and downs of the market, you can position yourself for success in the trading world. It's not about making quick money but about building a sustainable approach that allows you to grow your wealth steadily over time. Wieland's story of traveling the world, meeting colleagues, and spreading his trading knowledge showcases the endless possibilities that come with mastering the art of trading. Thanks Mike Fallat for the great conversation!

Learn more about Mike Fallat: milliondollarbookagency.com

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The books of Wieland Arlt;

55 Gründe, Trader zu werden

Risk and Money Management

DISCLAIMER AND RISK DISCLOSURE:

Trading of securities or derivatives is associated with high risk of loss that may go well beyond the amount of the original investment. This is particularly true for trading with leveraged products and on margin. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an explicit or implied promise or guarantee. The from Torero Traders School by Torero Lifestyle LLC offered training courses such as analysis, strategies, market comments, views and transactions are no advice or investment services and do not constitute an offer or invitation to buy, hold or sell securities or derivatives. They are merely teaching material and are used for teaching purposes.

If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. Therefore, Torero Traders School by Torero Lifestyle LLC accepts no liability for presented opinions, analyzes, strategies or other information. Website visitors and participants of the training courses of Torero Traders School by Torero Lifestyle LLC, who make investment decisions and / or conduct transactions upon the published content, act in full own risk.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.