071 - Interview w Louise Bedford of TradingGame.com.au

Louise Bedford is a distinguished full-time private trader and a leading figure in the Australian trading community. With a career spanning over 30 years, she has built a reputation as a prolific author and educator in the field of financial markets. Bedford is the author of several best-selling books, including The Secret of Candlestick Charting, Charting Secrets, and Trading Secrets. Her work provides valuable insights into market psychology and technical analysis, helping traders enhance their skills and achieve their financial goals.

Holding degrees in Psychology and Business, Bedford combines her academic background with her extensive trading experience to offer a unique perspective on behavioral finance. She is renowned for her passion for teaching and has trained thousands of individuals to maximize their trading potential through her books, seminars, and the popular Talking Trading Podcast.

Show Notes

·        Louise advises traders to save their primary income for a year and live off their trading income before making the full-time jump.

·        We discuss the importance of having a well-defined trading plan, reflecting Louise’s engineering background and Brian’s emphasis on structured thinking.

·        Louise mentions the need for emotional self-awareness and support systems.

·        Brian highlights risk management as fundamental to maintaining a full-time trading career.

·        Louise suggests that traders should define their personal purpose and motivations.

·        Louise advices trading across multiple markets (e.g., equities, commodities) to manage different market conditions and cycles effectively, while avoiding the trap of overcomplicating strategies with too many instruments or timeframes.

·        Brian stresses that competence is key to managing the emotional aspects of trading.

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About the podcast

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