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Trader — Trading Coach — Host of The Trading Coach Podcast — Author for Entrepreneur & FX Trader Magazine — Proud Husband & Father — Sports Nerd & Coffee Addict

Dealing with Analysis Paralysis

Paralysis is the inability to move, act, or function. Usually, we refer to this in the physical sense, but it’s also very common in trading, typically occurring when a trader runs through so many different outcomes in their mind that they find it impossible to make a final decision or prediction.

One of the main reasons this occurs so frequently in the financial markets is because many who are new to technical analysis (reading a price chart) tend to focus only on finding the “pattern” or the “signal” vs. learning how to perform analysis & make…


Since I started coaching traders back in 2012 the majority of my time & energy has been spent preparing them for success & walking along that path with them. However, for about a month each year, I dial things back & take time to focus on my own personal development as a trader. During this time I typically focus on one of a few things; reading books, taking/reviewing old courses, or working on a new strategy.

This year I’ve focused my attention on revisiting volume spread analysis in the Forex market which was something I’ve previously ignored in the past…


What if I told you that a losing trade could actually be your biggest confidence booster? Well, you’d probably think that I was crazy & immediately move on to the next article of interest. But hear me out…

TRADING IS A JOURNEY

Becoming a successful trader is a long journey & it’s certainly one that doesn’t happen overnight. In my experience of coaching traders & speaking with some of the best minds in the field, saying that it takes about 1 to 2 years to become consistently profitable would probably be on the low end. Some may be discouraged to hear that but before…


First and foremost, I haven’t stopped day trading. However, I no longer approach my day trading in the same way that I did when I first got into trading. Here’s why…

I NEVER PLANNED ON DAY TRADING

If you don’t know my story, I was the genius that quit all three of my jobs so that I could dedicate all of my efforts to becoming a super trader. Silly I know, but after a longer, than expected struggle to find success, I eventually became a consistently profitable trader whose full-time job was to analyze the market. As a swing trader…


In order to be successful, you have to become very comfortable with being uncomfortable. This is true in life & is very true in trading as well.

In general, it’s important to understand that stress is what allows growth. A muscle doesn’t get stronger until it is stressed beyond its comfort level. Your best ideas often don’t come until you’re surrounded by others who inadvertently or purposely put the pressure on you to keep up. …


The formula for success in trading is simple. “Consistent Analysis + Consistent Execution = Consistent Results.” Unfortunately, this is easier said than done. Although most traders struggle, due to problems existing on the psychological side of things. Many of those disciplinary issues can be attributed to a lack of routine and lack of process.

Trading is a business and like any other job, a trader needs to follow a consistent routine. This routine should be present in their daily schedule in terms of when they wake up, when they perform analysis, when they’re allowed to trade & the numerous other…


It’s amazing how much your life can change when you make the conscious decision to focus on the positives and not the negatives.

I’m currently going through a phase where I’m working on adding a new trading strategy to my arsenal & if you’ve ever done the same then you know that the process can be very time consuming & very frustrating as it features a lot of failures. When this occurs you have 2 choices on how to view things,

  1. You allow these failures to eat at your confidence & drag you down or
  2. You use that as learning…

Have you ever felt overwhelmed? If so then don’t worry, because it’s completely normal. With the amount of information that is available about how to trade, I feel as if for the newbie, knowledge-seeking trader it’s almost impossible not to.

The unique thing about trading is that there are so many ways to become successful. However, this is what makes it very easy for newer traders to think that they have to learn each and every one of these ways in order to be successful.

Something that I commonly see is a trader stuck in a trade-state called “analysis paralysis”…


Sometimes failure can be the best thing to ever happen to you. I have many examples of this being true in my life and it’s recently happened to me again.

I’ve been vigorously working on developing a new trading strategy & decided to document my journey in a YouTube series called “Building A Forex Strategy.” The goal of the series is to show traders the process in which I go through and of course hopefully come up with something that works

One of the key points that I’ve emphasized throughout the series is that strategy development and testing should be…


Do you know what goes into developing a successful trading strategy? Probably not. Most traders are like me at the beginning of my trading career in thinking that it’s as simple as browsing the internet, finding a heavily viewed video and just copying them. Sound familiar? In fact, I would argue that many of you wouldn’t just copy the YouTuber, but you’d then change something around so that it would feel like yours and feed that hungry ego of yours.

Akil Stokes

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