Master The Psychology of Forex & Binary Options Trading
4.4 (18 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
60 students enrolled
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Master The Psychology of Forex & Binary Options Trading

How To Develop a Winning Trading Mindset
4.4 (18 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
60 students enrolled
Created by Billy Allen
Last updated 7/2016
English
Curiosity Sale
Current price: $10 Original price: $20 Discount: 50% off
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Manage their emotions during live trading
  • Recognize & disrupt emotional influence
  • Remain calm in stressful situations
  • Avoid taking impulsive trades
  • Avoid over trading
  • Develop the discipline of strict money management
  • Improve entry timing for better strike rates
View Curriculum
Requirements
  • A basic understand of Forex or Binary Options trading
Description

Have you ever been in a situation where a series of winning trades have caused you to start increasing the size of your investments? Only for the next couple of trades to lose and wipe out all of your profit

Have you ever been in a situation where the frustration of losing has caused you to start chasing your losses? Do you ever find yourself taking impulsive trades that you wouldn’t normally take in a calmer state of mind?

  Do you ever find yourself over trading even though you promised yourself that you wouldn’t do it? Have you ever walked away from a disastrous trading session where you made countless irrational decisions and thought, “what the hell came over me?’

In section 1 I explain the role that mass psychology plays in determining the direction of market movement. I also explain the role that our individual psychology plays when it comes to processing information and interpreting chart data

 In section 2 I delve a little deeper into individual psychology and explain how our default mental programing dictates the emotions we feel and the decisions we make when trading. In section 3 I cover the elements of human emotion and explain how to recognize and disrupt rash behavior before it causes you to make impulsive or irrational decisions. I also introduce the building blocks of emotional intelligence

 In section 4 I explain the key differences between conscious willpower and subconscious habits and outline how to bridge the mental gaps between the 2. And in section 5, I explain how you can take all of the content contained in the program and embed it subconsciously so that you can automatically implement it in your own trading

I’ll also show you how to develop a workable strategy that will drastically improve your performance, boost your win percentage, and set you on your way to consistent profit


Who is the target audience?
  • Forex Traders
  • Binary Options Traders
  • Day Traders
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Curriculum For This Course
+
The Psychology of Forex & Binary Options Trading
7 Lectures 50:40

An explanation of why 95% of traders fail 

Preview 04:39

Understand the psychological elements that drive the market up and down

The Psychology of Market Movement
08:02

Why we display certain behaviours in stressful situations 

Preview 08:49

Recognize and disrupt emotional influence before it compromises rational decision making

The Elements of Human Emotion
07:13

Understand the mental processes that drive human behaviour 

Conscious willpower versus subconscious habits
06:39

How to progress from unconscious incompetence to unconscious competence 

The 4 Stages of Learning
12:20

How to develop an effective development strategy 

Conclusion
02:58
About the Instructor
Billy Allen
4.7 Average rating
176 Reviews
4,191 Students
3 Courses
Recording Engineer and Lecturer in Multimedia Technology.

As founder of Music Production Institute, one of New York’s leading music and multimedia learning facilities, I continually endeavour to verse myself in the various creative and technical disciplines that modern technology has placed at our fingertips.

I believe that living in the digital age should not be seen as a luxury. I believe it should be seen as an opportunity for us explore, innovate, and push the boundaries of commercial accomplishment and personal development

Education:

Post Graduate Diploma: International Entrepreneurship Management

Graduated: University of Limerick 2015

Masters Degree: Sonic Arts & Spatial Audio Engineering

Graduated: Queens University Belfast 2011

Bachelors Degree: Music Technology & Video Production

Graduated: Limerick Institute of Technology 2010