346: How To Trade Volatile Markets Like A Pro – Ukraine War & More!

How To Trade Volatile Markets Like A Pro – Ukraine War & More!

In episode 346 of the Desire To Trade Podcast, I am joined by Michael Toma to discuss how to trade markets like a pro when volatility is high. You'll get to see our thought process for entering trades in the Forex market when price moves quickly to start to get choppy & unpredictable.

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Topics Covered In This Episode

  • [0:15] Introduction
  • [0:55] Should you stay out of Volatile Markets?
  • [2:38] How to determine what market you should trade
  • [3:57] Should you pay attention to the news when trading?
  • [5:50] What type of strategies work better for volatile markets
  • [7:23] What is Michael Toma's preferred trading strategy
  • [12:20] Should you close trades early in a Prop Firm evaluation?
  • [15:07] Should you take prop firm evaluations to learn to trade?
  • [18:03] How can you actually have great risk management as a trader

Community questions:

  • [23:17] Q: Does Michael trade only Long or Short in volatile markets?
  • [27:43] Q: Does Michael Toma Offer training?
  • [30:16] Q: How do you remain objective while trading? What is your routine to maintain the mindset? and how much is mindset important for you after method and risk management?
  • [34:29] Q: Out of interest's sake. Can you share your average win rate and reward to risk ratio? Its interesting know-how pros compare to me the average trader.
  • [38:33] Q: Do you do position trading? What is your take on it?
  • [40:07] Q: Do you use the 1min T.F combined with 5m & 15m or do you use Higher T.F's?
  • [45:17] Q: You guys are living from trading… but I have fear what will gonna happen if this trading will not work out the same as now.. how to overcome that fear?
  • [52:32] Q: What's your opinion on using futures as an indicator for trading individual stocks?
  • [53:55] Q: What is the most important thing I need to know before getting into Trading as a career?
  • [57:24] Q: Hi Ettien, my question is regarding Bollinger Bands reversal strategy. The markets are trending a lot currently. Have you been finding it hard to find trade opportunities? (Screenshare)
  • [1:00:00] Q: I have been trading for about a year and a half now but I still struggle with consistency what can I do to improve my trading?
  • [1:03:19] Where to find Michael Toma
  • and much more

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

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What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

 

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346: How To Trade Volatile Markets Like A Pro – Ukraine War & More!