I spend about an hour daily driving to work and figured I should use that time better.
Looking for decent trading content I can listen to. Tried a few random ones but most are just people trying to sell courses.
What actually helped you learn something useful?
Rob Booker’s Forex Trading Podcast is solid. It actually teaches practical stuff without trying to sell you something.
Market Wizards by Jack Schwager is great for audiobooks. It features real trader interviews showing how different people approach the markets. Way better than theory books.
Mix educational content with market recap shows to stay current.
The Problem: You’re looking for high-quality trading content to listen to during your commute, but many podcasts focus on selling courses rather than providing valuable educational material. You also want to ensure you’re using your time effectively to learn and not just passively consuming information.
Understanding the “Why” (The Root Cause): Many trading podcasts prioritize marketing their own products over genuinely educating their listeners. This creates a frustrating experience for those seeking actual learning resources. Identifying podcasts that focus on teaching practical strategies and market analysis, rather than hype and sales pitches, is key to effective learning. Audiobooks can offer a more structured and in-depth learning experience compared to the often fragmented nature of podcasts. It’s also important to avoid information overload and to focus your learning on key areas like trading psychology and risk management, rather than getting bogged down in complex strategies that require focused attention.
Step-by-Step Guide:
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Choose Your Learning Medium and Resources Wisely: Decide whether podcasts or audiobooks better suit your learning style and commute. Podcasts are ideal for staying updated on market news and analysis, while audiobooks offer a more structured approach, particularly for foundational knowledge like trading psychology and risk management. Select high-quality resources; look for podcasts prioritizing practical skills and analysis, avoiding those overly focused on flashy interviews or get-rich-quick schemes. Check reviews and sample episodes. For audiobooks, focus on those covering crucial aspects like trading psychology and risk management. Prioritize one book at a time to ensure thorough understanding. Limit podcast listening to two or three to avoid repetition and information overload. Consider podcasts like Rob Booker’s Forex Trading Podcast and audiobooks like Market Wizards by Jack Schwager, Trading in the Zone by Mark Douglas, and The Disciplined Trader by Mark Douglas as potential starting points.
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Supplement with Market Recaps (Strategically): Stay updated on market events using reputable news sources (e.g., financial news websites, Bloomberg, Reuters). This will contextualize your learning. However, avoid sources offering unsubstantiated predictions or promoting specific trading strategies. Focus on understanding broader market trends and events, rather than trying to predict specific price movements.
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Strategic Listening and Active Learning: Avoid complex strategies and technical indicators during your commute. These require focused attention. Concentrate on risk management, trading psychology, and market overviews while driving. Consider creating concise notes summarizing key takeaways from each listening session. Actively engage with the material, rather than passively listening. Reflect on the information presented and how it relates to your trading approach.
Common Pitfalls & What to Check Next:
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Information Overload: Too much content can hinder learning. Focus on one or two high-quality sources at a time. Actively evaluate the information you consume to ensure it aligns with your trading style and risk tolerance. Prioritize quality over quantity.
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Ignoring Risk Management: Neglecting risk management is a critical mistake. Prioritize learning about effective risk management strategies early on. This includes understanding position sizing, stop-loss orders, and your overall risk tolerance. This is a foundation for successful trading.
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Chasing Quick Profits: Be wary of promises of easy money or “secret systems.” These are often scams. Focus on developing a sustainable trading strategy that incorporates sound risk management principles. Focus on consistent, long-term growth, rather than quick gains.
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Lack of Practical Application: Merely consuming information isn’t enough. Actively apply what you learn by reviewing past trades, planning future setups, and practicing consistently (using a demo account is highly recommended). The key is to integrate your learning into your actual trading process.
Still running into issues? Share your (sanitized) config files, the exact command you ran, and any other relevant details. The community is here to help!
The Problem: You’re looking for high-quality trading content to listen to during your commute, but many podcasts focus on selling courses rather than providing valuable educational material.
Understanding the “Why” (The Root Cause): Many trading podcasts prioritize marketing their own products over genuinely educating their listeners. This creates a frustrating experience for those seeking actual learning resources. Identifying podcasts that focus on teaching practical strategies and market analysis, rather than hype and sales pitches, is key to effective learning. Audiobooks can offer a more structured and in-depth learning experience compared to the often fragmented nature of podcasts.
Step-by-Step Guide:
-
Choose Your Learning Medium: Decide whether you prefer podcasts or audiobooks. Audiobooks offer a more complete learning experience, ideal for foundational knowledge (e.g., understanding trading psychology and risk management). Podcasts are better for staying current on market news and analysis.
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Select High-Quality Podcast Resources: Look for podcasts that prioritize teaching practical skills and analysis. Avoid those overly focused on flashy interviews or get-rich-quick schemes. Check reviews and sample episodes before committing to a full series. Consider podcasts like Rob Booker’s Forex Trading Podcast (mentioned in other forum posts) as a starting point. Limit yourself to two or three podcasts to avoid information overload. Prioritize podcasts that offer concrete strategies and market analysis rather than general market commentary or motivational speeches.
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Select High-Quality Audiobook Resources: Focus on audiobooks that cover trading psychology and risk management, crucial elements often overlooked. “Market Wizards” by Jack Schwager, “Trading in the Zone” by Mark Douglas, and “The Disciplined Trader” by Mark Douglas are recommended in other posts and are great starting points. Prioritize one book at a time to ensure thorough understanding. Look for audiobooks that offer practical exercises or case studies to reinforce learning.
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Supplement with Market Recaps: Stay updated on market events with relevant podcasts or reputable news sources (e.g., financial news websites, Bloomberg, Reuters). This will contextualize the information you are learning in your audiobooks and podcasts. Avoid sources that offer unsubstantiated predictions or promote specific trading strategies.
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Strategic Listening: Avoid complex strategies and technical indicators during your commute. These require focused attention. Concentrate on risk management, trading psychology, and market overviews while driving. Consider creating concise notes summarizing key takeaways from each listening session.
Common Pitfalls & What to Check Next:
-
Information Overload: Too much content can hinder learning. Focus on one or two high-quality sources at a time. Actively evaluate the information you are consuming to ensure it aligns with your trading style and risk tolerance.
-
Ignoring Risk Management: Neglecting risk management is a common mistake. Prioritize learning about effective risk management strategies early on. This includes understanding position sizing, stop-loss orders, and your overall risk tolerance.
-
Chasing Quick Profits: Be wary of promises of easy money or “secret systems.” These are often scams. Focus on developing a sustainable trading strategy that incorporates sound risk management principles.
-
Lack of Practical Application: Merely consuming information isn’t enough. Actively apply what you learn by reviewing past trades, planning future setups, and practicing consistently (using a demo account is highly recommended).
Still running into issues? Share your (sanitized) config files, the exact command you ran, and any other relevant details. The community is here to help!
Most podcasts are a waste of time. Just stick with price action.
The Problem: You’re struggling with emotional reactions to trading losses and want to improve your focus and mental resilience in the face of setbacks.
Understanding the “Why” (The Root Cause): Negative emotions after a trading loss are common, but they significantly hinder your ability to analyze your mistakes, plan your next trades, and execute with discipline. This emotional response stems from a lack of psychological preparedness and potentially inadequate risk management strategies. Successfully managing your trading psychology is as crucial as mastering technical analysis.
Step-by-Step Guide:
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Prioritize Educational Content Focused on Trading Psychology: The Chat with Traders
podcast, recommended in the original post, is a strong starting point. This podcast focuses on interviews with successful traders, allowing you to learn from their experiences and strategies for managing emotions and risk. Focusing on real-life experiences will prove more beneficial than theoretical approaches in building emotional resilience. Pay close attention to how these traders discuss their reactions to losses and how they approach subsequent trades.
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Supplement with Audiobooks: While podcasts provide current insights, audiobooks offer deeper dives into trading psychology. Consider supplementing the podcast with books like Reminiscences of a Stock Operator
by Edwin Lefèvre, which provides classic insights into trader psychology and market behavior. This combination of audio formats offers a well-rounded educational approach.
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Structured Learning Plan: Instead of passively listening, create a structured learning schedule. Allocate specific time slots each day or week for listening and dedicate a portion of this time to actively reflecting on what you’ve heard. Note down key insights, strategies for managing emotions, and specific examples provided by traders.
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Implement Risk Management Techniques: A crucial element often overlooked is risk management. Effective risk management is not just about setting stop-losses; it also involves defining your risk tolerance, position sizing, and establishing rules to help you avoid impulsive decisions during emotional moments. Learn to quantify your risk for each trade. This will limit potential losses and reduce the emotional impact of a negative outcome.
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Consistency and Patience: Improving trading psychology is not a quick fix. Consistently apply what you’ve learned. Track your progress. It takes time to build emotional resilience, and setbacks are inevitable. Treat every trade as a learning opportunity, regardless of the outcome. Analyze your reactions to both winning and losing trades, noting what strategies worked well and which areas need improvement.
Common Pitfalls & What to Check Next:
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Information Overload: Limit your consumption to 1-2 high-quality sources at a time. Focus on understanding and integrating the information before moving on to new material.
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Ignoring Journaling: Keep a detailed trading journal, not just to record trades but also to reflect on your emotional state before, during, and after each trade. This will help you identify patterns in your emotional responses and develop strategies for self-regulation.
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Neglecting Risk Management: This is the single most crucial aspect that often causes emotional turmoil and consistent losses. It’s not just about setting stop-losses; it’s about building a holistic approach to managing your risk per trade and overall account balance.
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Unrealistic Expectations: Trading is a marathon, not a sprint. Accept the fact that losses are part of the process. Focus on continuous improvement rather than chasing quick wins.
Still running into issues? Share your (sanitized) config files, the exact command you ran, and any other relevant details. The community is here to help!
Reminiscences of a Stock Operator by Edwin Lefèvre is perfect for commuting. It’s old but beats any modern book on trader psychology and market behavior. The narrator keeps you hooked. I also use the Forex Factory Calendar podcast to stay current with economic releases - way better than morning radio. Don’t listen to anything about technical indicators or complex strategies while driving though. That stuff needs your full attention. Stick to risk management and psychology content. Keep your eyes on the road.