Trading Workshop

1. INTRODUCE YOURSELVES

What’s your trading experience like?
What problems do you face during trading?
What do you wish to achieve (goal) by trading?

2. MT4 SETUP

Creating a demo account ($10,000)
Tell me what you know about
MT4 Show me what you can do with MT4

3. QUESTIONS FOR YOURSELVES

What is your trading style (scalping, swing etc)
What is your favourite instrument (currencies, equities etc)
What does your MT4 trade history show?

LEARNING OUTCOME:

This first workshop aims to realign yourselves with your trading goals by ensuring that you are moving along with the right footing to continuing your trading journey.

1. RECAP: WHAT DID YOU SHOW ME LAST WEEK?

Chosen trade instrument
Indicators which you have used
Your reasoning process

2. REALIGN: MINIMIZING YOUR THOUGHTS TO REVELANCE & CONSTRUCTING YOUR TRADING PLAN

Selecting criteria - WHY
Implementation criteria - WHAT?
Monitoring criteria - HOW?

3. EXECUTE: MAKE A TRADE

Why did you choose to trade this instrument?
How are you going to manage this trade?
What is your expected results?

LEARNING OUTCOME:

This second workshop aims to make yourself question your trade decisions relative to the “picture / image” you have painted on your chosen instrument of trade. Every tradeable instrument has a unique personality and DNA. How well do you understand yours? Is it “market relevant” or is it merely “self-belief”?.

1. CONCLUDE: WHAT HAPPENED TO YOUR TRADE ENTRY?

Chosen trade instrument - did it suit your mapping?
Indicators which you have used - did your choice support the outcome?
What have you learned?

2. EVALUATE: MEASURE YOUR OVERALL MAPPING

Selection criteria - comment & elaborate
Implementation criteria - what worked & what did not work
Monitoring criteria - comment according to timeframe

3. IMPLEMENT: RINSE & REPEAT THIS WITH YOUR CHOSEN TRADE INSTRUMENT

How many trades have you made vs your success rate?
How can you imporove managing this trade?
Expected result: The science of risk/reward and win/loss ratio

LEARNING OUTCOME:

This third workshop aims to help you evaluate the trades you have conducted the week before and makes you reflect on your overall mapping to see what areas can be improved. Through rinsing and repeating this process, you will then come out with what is known as a “trading plan” or “trading mapping”. Over time, superior mapping will you to enhance your risk/reward and win/loss ratio.

1. EMOTION: WHAT DID YOU DO PRIOR TO TODAY’S LESSON?

Chosen trade instrument - did you trade it again?
Indicators - were they similar to your previous choices?
What was the trade decision? Discuss

2. DECISION: MEASURE YOURSELF

Selection criteria - comment & elaborate on what made you enter the trade
Implementation criteria - how was your reaction midway through the trade?
Monitoring criteria - did anything change while you were monitoring your trade?

3. OUTCOME: PROFIT, LOSS or FLOATING?

Did you expect this outcome
Did you react before your set SL or TP level?
Risk/reward: Discuss the risk to reward of your trade

LEARNING OUTCOME:

This fourth and final workshop aims to help you evolve yourself once you have taken a position. The goal of this session is to measure your adherence towards psychological consistency while practising good risk/reward. A successful “trading plan” can only be implemented once you have deeply understood yourself and your own emotions.