I absolutely believe that people, unless coached, never reach their maximum capabilities.
Bob Nardelli
1 to 1 Coaching
If you are new to trading (or want to improve), without doubt, the best way to get the level of knowledge and proficiency you need is to learn it 1 to 1. Using face to face Skype /Zoom sessions we will cover what you need to know, discuss why its important and how to employ it profitably.
1 to 1 allows you can ask detailed questions about any aspect of trading to make sure you fully understand on a nuanced and personal level so that the answers are specific to you and fit your own needs in a way no other method of trading education can provide.
For more information email me at mark@markwogan.com and we can fix up a chat online.
1 Basics & Core Concepts
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Understanding what trading is and setting realistic goals and expectations
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What to trade (Forex, indices, fixed income, commodities)
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Who to trade with (which and what types of brokers etc.)
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When to trade (opening sessions, times of the day, day of the week, news events)
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Types of trading to suit your circumstances (position, swing, day and scalp trading / mechanical vs. discretionary)
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Types of contracts (Futures vs CFD´s)
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Who is in the market with you - Liquidity Providers / participants, The CoT Report and why you need to know this
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Intermarket Analysis / Relationships, Bonds & Yields and why you need to know this
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The VIX (quick overview)
2 Money and Risk Management
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Understanding risk
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Risk:reward analysis (trade sizing, stop losses, fixed $ R)
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Journals & Stats that help you keep a good record of performance and help you improve.
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Margins and leverage
3 Chart & Price Analysis
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Fundamental & Technical analysis
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Analysis Methods, Tools & Indicators. Alternative chart studies
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Support & Resistance (higher & lower time frame analysis, how to mark up charts, how to use them)
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Price action analysis, how to read a chart to anticipate what might come next
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Market structure (how to interpret it and use it)
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Diagonal trend lines (how to draw, interpret & use)
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Fibonacci (how & when to use)
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Context (how to assess, understand & utilise for day trading)
4 Pattern Analysis
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Key Patterns, formation and how and when to trade them
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Trending versus ranging patterns; break outs, false breaks, continuation, re tests, pullbacks, gap & go etc.
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Deciding which works best for you and when to use them
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Candles, structure and formation and how to interpret
5 Psychology
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Understanding yourself and your attitude to risk
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How to identify destructive habits and correct them
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How to check whether your issue is your mindset or your method
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How to trade with control and not with your emotions
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Six Points of control - check list to keep you out of trouble
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Developing the right mindset and how to find your niche.
6 Day Trading Strategy
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Guiding Principles for developing a method and strategy that works for you
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What I do every day, how I set up my charts, plan my trades and trade my plan
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Trade selection- entries, exits and trade management
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Assessing daily context everyday - trending, ranging, accumulation, distribution.
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Scenario analysis for intraday trades, "what if" methodology & process
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Screen set up options
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Forex day trading
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Dax day trading, open session trades, reading the tape as price action evolves, intraday set ups
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Further thoughts
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How to turn what I do into what you do
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Conclusion & Action Plan
Next step - get in touch. mark@markwogan.com