DiscoverHow To Trade ItTrading Made Simple with Louise Bedford, Ep # 87
Trading Made Simple with Louise Bedford, Ep # 87

Trading Made Simple with Louise Bedford, Ep # 87

Update: 2021-11-18
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Description

Louise Bedford is a best-selling author and Founder of www.tradinggame.com.au. She is a behavioral finance expert and has degrees in Psychology and Business. She’s been running a 6-month, repeat-for-free Mentor Program, since 2000, and she’s also the founder of a free, weekly trading podcast. In this episode of How To Trade It, Louise will inspire you to achieve your trading best. You don’t want to miss it!

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You’ll want to hear this episode if you are interested in…

  • [03:22 ] Louise’s 3 main archetypes (aka “strategies”)
  • [11:26 ] having a macro kill-switch
  • [22:19 ] reviewing your trades for profitability

Archetypes/Strategies
One of Louise’s keys to success is developing a really firm, marriage-material, ticks-every-box, kind of trade, which has everything that you are looking for and then matching that up with a well-thought-out strategy.  Almost 80% of Louise’s trades are from breakouts when the market is trending up.  The same is true for the majority of her mentoring students.  

 Macro Kill-Switch  
If you haven’t already established a statement to tell you how to handle trading issues, you must do that now.  Louise says that it’s important to premeditate your trading.  You must have a plan that is written down, so that you do not react emotionally while trading. When you find yourself doing poorly, it’s time to enlist the help of an experienced trader who is willing to delve into your plan to help you get back on track and achieve greatness.  

Reviewing Your Trades
New traders should plan to go through an intensive review process every three months, while experienced traders should maintain an every six months schedule. You will quickly be able to gauge areas where you are excelling, as well as, identifying areas of weakness that need improvement.  

Resources & People Mentioned

Connect with Louise Bedford

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

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Trading Made Simple with Louise Bedford, Ep # 87

Trading Made Simple with Louise Bedford, Ep # 87