The Pyramid to Mastering Trading

Expert: Adrienne Toghraie, Trader's Coach at Trading on Target

Topics to be covered during the session:

Live discussion with Adrienne Toghraie where you can ask the kind of questions you would like to have an answer from a Trader's Coach. Adrienne will also give answers to all questions many traders want to know, but never dare to ask.

Who is Adrienne Toghraie?
Adrienne Toghraie is a Trader’s Coach, an internationally recognized authority in the field of human development and a master practitioner of Neuro-Linguistic Programming (NLP) for the financial and business communities. She is the founder and president of Trading on Target and Enriching Life Seminars, two companies dedicated to helping traders, sales people, and other high achievers to dramatically increase profits and success in all areas of life. Using her 20 years of study in the science of Modeling Excellence/(NLP) and numerous other forms of psychological development, Ms. Toghraie has helped her clients to push through their self-imposed limitations to extraordinary and documented new levels of success.

Adrienne’s articles and interviews have been featured in most of the major financial trade magazines and newspapers throughout the world. She has authored 8 books - Get A life: Treasure Diary for Creating Wealth and Happiness, The Winning Edge 2,3,&4: Traders’ and Investors’ Psychological Coach in a Book, Dear Coach: Potty Training for Traders, Brokers & Investors, and co-authored Traders’ Secrets with Murray Ruggiero and The Winning Edge, How to Use Your Personal Psychological Power in Trading and Investing with Jake Bernstein.

Adrienne’s public seminars and private counseling, as well as her television appearances and keynote addresses at major industry conferences have achieved a wide level of recognition and popularity.

Speech Material:

FXstreet Moderator (Aug 16, 2006 9:45:13 AM)
Welcome to FXstreet.com Q&A Forex Session. Today’s session will start in 5 minutes.

FXstreet Moderator (Aug 16, 2006 9:45:53 AM)
Good morning, good afternoon, and good evening to all of you joining us today from different parts of the world. This is Mercè Francisco, Live Session Moderator, and I want to welcome all of you to today's Live Forex Expert Question and Answers session.

Adrienne Toghraie (Aug 16, 2006 9:46:37 AM)
Please prepare questions as I give a short introduction and mini talk

FXstreet Moderator (Aug 16, 2006 9:49:28 AM)
Welcome to the Session. Today I am delighted to welcome our guest speaker Adrienne Toghraie, Trader's Coach at Trading on Target.

Adrienne Toghraie (Aug 16, 2006 9:50:08 AM)
Thank you for having me at FX

Adrienne Toghraie (Aug 16, 2006 9:51:03 AM)
As some of you know - I am a trader's coach - I work with traders on increasing their ability to enjoy the process of making money.

Adrienne Toghraie (Aug 16, 2006 9:51:38 AM)
Please see my website for more details on me and my company and what I offer.

Adrienne Toghraie (Aug 16, 2006 9:51:49 AM)
www.tradingontarget.com

Adrienne Toghraie (Aug 16, 2006 9:52:28 AM)
Today I want to introduce you to what I call the Novice to Master trader Pyramid

Adrienne Toghraie (Aug 16, 2006 9:53:33 AM)
You start your trading career with education and the collection of other resources such as money and an enviorment condusive to earning money

Adrienne Toghraie (Aug 16, 2006 9:55:04 AM)
On the next level of the pyramid is a trader's business plan which includes your system or methodology. In other words your theory of why you should be able to make money.

Adrienne Toghraie (Aug 16, 2006 9:55:32 AM)
On the same level is back testing and or forward testing.

Adrienne Toghraie (Aug 16, 2006 9:56:31 AM)
Next level to mastery is mastering technique and money management

Adrienne Toghraie (Aug 16, 2006 9:57:12 AM)
Then to improve your tecnique on the next level is Consistency in Discipline

Adrienne Toghraie (Aug 16, 2006 9:57:43 AM)
And Periodic Revews of three to four months to improve your returns

Adrienne Toghraie (Aug 16, 2006 9:58:46 AM)
The next level is Pyschological Transformation - in other words you have to master your psychology in order to go from average good trader to master.

Adrienne Toghraie (Aug 16, 2006 9:59:17 AM)
Some of the psychological obsticals you must overcome are:

Adrienne Toghraie (Aug 16, 2006 10:00:08 AM)
Overcoming fear of failure, success, being wrong, scared money

Adrienne Toghraie (Aug 16, 2006 10:00:36 AM)
Conflict of one part of you fighting with another part of you.

Adrienne Toghraie (Aug 16, 2006 10:01:24 AM)
Limiting Beliefs that you don't feel you deserve success, or that you are not able to be a top trader - to name a few.

Adrienne Toghraie (Aug 16, 2006 10:02:23 AM)
The Mastery level - the top of the pyramid is Intuition - It is a filter that is beyond and inclusive of you technique.

Adrienne Toghraie (Aug 16, 2006 10:03:03 AM)
But you cannot reach mastery level and maintain it until you have mastered all the other levels.

Adrienne Toghraie (Aug 16, 2006 10:04:26 AM)
Let us say you have reached the mastery level - what you do is turn the pyramid over and the base of importance becomes intuition.

Adrienne Toghraie (Aug 16, 2006 10:05:31 AM)
The point of the pyramid and the least important are your resourses, because at this point you will have far surpassed that level.

Adrienne Toghraie (Aug 16, 2006 10:06:11 AM)
Now I would like to open to question either about this or something else.

FXstreet Moderator (Aug 16, 2006 10:06:53 AM)
Please Feel free to send as many questions as you want

CVJ (Aug 16, 2006 10:07:05 AM)
Greetings Adrienne ! Do you find that most trading activity is "counter-intuitive" ? i.e. What we often feel is correct human behavior is often wrong, and what we feel is wrong is often right. Do you feel this to be the case in trading activities ?

Adrienne Toghraie (Aug 16, 2006 10:08:31 AM)
What you call "counter-intuitive" is gut based decisions or emotional decisions. Intuition comes from knowing that you know based on a lot of experience and being tuned into the markets.

Adrienne Toghraie (Aug 16, 2006 10:08:47 AM)
This is true for all levels of mastery.

Adrienne Toghraie (Aug 16, 2006 10:08:54 AM)
Next

Guest_anton (Aug 16, 2006 10:09:16 AM)
Do you think there is no success with out a good methodology/plan?

Adrienne Toghraie (Aug 16, 2006 10:09:55 AM)
You would be like a ship in the middle of the ocean without a rudder.

Adrienne Toghraie (Aug 16, 2006 10:10:21 AM)
A plan makes you accountable to yourself.

Adrienne Toghraie (Aug 16, 2006 10:10:36 AM)
A plan gives you direction.

Adrienne Toghraie (Aug 16, 2006 10:10:56 AM)
A plan shows when you are off course.

Adrienne Toghraie (Aug 16, 2006 10:11:32 AM)
A trader without a plan is not in the business of trading - he is a gambler.

Adrienne Toghraie (Aug 16, 2006 10:11:38 AM)
Next

Guest_candida (Aug 16, 2006 10:11:41 AM)
How do you work all that points? How do you make people successful? thnks!

Adrienne Toghraie (Aug 16, 2006 10:12:51 AM)
That answer would take a two day seminar and private work - I have techniques which are transformational.

Adrienne Toghraie (Aug 16, 2006 10:13:14 AM)
They will change your perception

Adrienne Toghraie (Aug 16, 2006 10:13:50 AM)
When you change how you think, ie your beliefs, attitudes and values, you change your life.

Adrienne Toghraie (Aug 16, 2006 10:14:33 AM)
If you use my pyramid model, you will inch your way to success.

Adrienne Toghraie (Aug 16, 2006 10:15:12 AM)
But with those inches you will avoid the giant leaps that bring most traders to their knees.

Adrienne Toghraie (Aug 16, 2006 10:15:20 AM)
Next

Guest_anton (Aug 16, 2006 10:15:38 AM)
What level do you think is the hardest to achieve? Limiting Beliefs maybe?

Adrienne Toghraie (Aug 16, 2006 10:16:31 AM)
The level that is hardest to achieve for most people is conquering sabotage issues, or conquering yourself.

Adrienne Toghraie (Aug 16, 2006 10:16:55 AM)
Next

Guest_garet (Aug 16, 2006 10:17:28 AM)
What % of success do you have?

Adrienne Toghraie (Aug 16, 2006 10:19:07 AM)
With my clients - I pick and choose them through and evaluation that is part of my course. So, that gives me a high % . But I am only half of the equation.

Adrienne Toghraie (Aug 16, 2006 10:20:06 AM)
I can create transformations and show you the path, but clients have to be willing to take the right path.

Adrienne Toghraie (Aug 16, 2006 10:20:42 AM)
I only take on 20 clients a year, so I pick the people who I feel are already winners.

Adrienne Toghraie (Aug 16, 2006 10:21:31 AM)
Now, in my 2 day seminars - there everyone can come. All people feel they received more then they expected.

Adrienne Toghraie (Aug 16, 2006 10:23:48 AM)
If anyone has a personal question or a question that they think of later you can reach me at Adrienne@tradingontarget.com

Adrienne Toghraie (Aug 16, 2006 10:24:29 AM)
Thanks for the opportunity - will be with all of you again.

FXstreet Moderator (Aug 16, 2006 10:25:00 AM)
That’s all we have time for Today .Thank you very much for that, Adrienne.

Adrienne Toghraie (Aug 16, 2006 10:25:31 AM)
Have a great day everyone. Remember to follow your rules.

FXstreet Moderator (Aug 16, 2006 10:25:43 AM)
Thank you all for your participation. Hope to See you all soon!