036- Interview w Brent Penfold of IndexTrader.com.au

Brent's journey at Bank of America included experiences in the money market, banking, and structured leasing, with notable events like the speculation around the Australian dollar revaluation.

He was introduced to Elliott Wave theory at Bank of America, which became a significant part of his trading approach.

Brent moved to Bank of America's Forex desk and specialized in swaps, gaining expertise in managing FX risk for corporate clients.

He developed an arbitrage program to assist corporate clients in making strategic financial decisions, considering yield curves domestically and internationally.

He talks about the development of his courses, which took 20 years to create. He emphasizes the importance of educational initiatives, allowing him to engage with people and share his knowledge in contrast to his solitary trading life.

The courses focus on foundational principles, risk management, psychology, and validation of trading ideas. Brent emphasizes the importance of being a cynic in trading and independently validating ideas before risking money.

Brent's courses also include universal tools based on price, simple systems, and live trading sessions to help students develop good trading habits.

Brent stresses that the primary obstacle for traders in achieving consistent profits is the inability to handle losses.

He advises traders to focus on managing their risk capital with a modest expectation rather than solely aiming for high accuracy.