My guest on this episode is one of Australia’s most compelling speakers on the share market and best-selling author of six books on investing and trading.
Louise Bedford has been trading the markets since 1990 and has trained thousands of people to maximise their own trading potential.
Louise is a behavioural finance expert and has degrees in Psychology and Business.
Known as ‘the corporate executive who lost the use of her arms and achieved financial freedom by trading with a pen in her mouth’ – Louise inspires people to achieve their trading best.
Her presentations are not about vague concepts that don’t work in the real world. They are about incredibly practical, time-saving strategies that you need to implement in order to become an extremely successful trader.
Her key areas of focus are using candlestick charts, trading psychology, pattern detection, the impact of neuropsychology on trading decisions and trading crisis management.
Officially crowned as Australia’s ‘Candlestick Queen’, she’s known as the trader that brought this fascinating technique to Australia.
She’s been running the 6-month repeat-for-free www.tradinggame.com.au Mentor Program since the year 2000, and she’s also the founder of www.talkingtrading.com.au, a free weekly trading podcast.
Show Notes
· What is a ‘behavioural finance expert’?
· Let’s go back to the beginning and tell us how your trading journey started.
· It’s been said that trading is basically looking into a crystal ball…..how does the past define the future?
· Warren Buffet famously bet a million dollars with a high-profile fund manager that he could create a better 10 year return purely by investing in a mutual fund and won the bet.
· Let’s look at the key components:
· Trading psychology
· Pattern detection.
· the impact of neuropsychology on trading decisions
· trading crisis management.
· Fair to say day trading is not for the faint hearted / risk averse?
· Where should we start?
· What amount is a practical starting point?
· Louise’s top 3 tips
1. Be careful who you associate with.
2. Be willing to ‘self-assess’. You have to be honest with yourself with where you are at.
3. Find an unreasonable friend. A friend who will be honest with you.
For more information about Louise, podcast, resources, and her programs, follow the links below.
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