The Trading Coach Podcast

Explore the essential skills needed for mastering trading fundamentals without breaking the bank on courses. Dive into how high-impact news shapes trading strategies and the necessity of awareness in shorter timeframes. Learn to maintain a news journal to spot patterns over time. Discover the importance of tracking events that influence currency pairs and how market reactions evolve, especially concerning inflation and monetary policy. Enhance your trading skills with these actionable insights!

Struggling traders often fall into the trap of revenge trading, which exacerbates drawdowns instead of solving them. The discussion reveals strategies for managing emotional responses and enhancing trading psychology. Listeners gain insights on maintaining control during market fluctuations and avoiding impulsive decisions. Strengthening one’s mindset is essential for navigating the challenges of trading.

Monetary policy is the biggest driver of the financial markets & this past week we had announcements from the Bank of Japan, FOMC & the Bank of England to name a few. Let's take a look at what has changed without anything actually changing. Learn To Trade at www.TierOneTrading.comYour Trading Coach - Akil

Exploring the journey of trading, the host emphasizes the importance of finding a personal trading style. They share insights from their experience, highlighting the need for patience and adaptability. The discussion connects the challenges of skill development in trading to those faced in youth sports. Additionally, there's a focus on balancing personal interests and strengths to identify trading opportunities, encouraging a flexible approach as traders grow. This episode is filled with motivation for both new and struggling traders.

Discover the world of trading charting platforms and how the right choice can impact your success. Explore the surprising costs of elite platforms and whether they're worth the investment. Learn key features to consider, likening the process to test-driving cars. Hear a personal journey about evolving views on technology's value, showing how perceptions can shift. Finally, compare platforms like eSignal and Bloomberg Terminal, ensuring you choose one that meets your trading needs and enhances your setup.

Discover the surprising truth about a trading indicator that goes beyond mere entry points. Learn how the Average True Range (ATR) can transform your approach to stop losses and risk management. The discussion emphasizes the importance of tailoring strategies to individual needs, drawing insights from recent workshops. Tune in for valuable tips on planning and enhancing your trading techniques!

Traders often find themselves returning to their original strategies, gaining new insights along the way. Embracing curiosity transforms the learning process, shifting focus from profits to exploration. Passion for price action trading ties personal history and discipline together, while persistence mirrors children's joy in soccer. The journey emphasizes the importance of enjoyment and creativity, encouraging traders to push through challenges for unexpected success.

Trading decisions shouldn't be based on feel, rather based on data. Let's see what the data has to say about trading during a certain day of the week as well as if an alternative trading strategy can shift those results in our favor. Get Your Trading Computer Buyers Guide Here - https://www.tradingcomputerbuyersguide.com/optin-629312741738938873920Your Trading Coach - Akil

A look inside my Forex trading portfolio & why I've set it up the way I have. Topics include Forex correlations, backtesting & risk management. Please share this podcast on your socials & if you're interested in learning how to trade, check out www.TierOneTrading.comYour Trading Coach - Akil

Traders face countless influences, making it vital to filter out negativity. Understanding the five-point cipher pattern can significantly enhance decision-making by emphasizing discipline and Fibonacci levels. Confidence is key; knowledge about your trading strategy helps maintain composure and avoid panic. Emotional pitfalls, like FOMO, can derail success, but a solid trading plan can help navigate these challenges, allowing traders to focus on the process and build confidence for consistent results.