
16 Years in Forex, 8 Currency Pairs, 2% Risk Rule: Trading Wisdom Revealed | Akil Stokes
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About this listen
In this insightful interview, Akil Stokes (@AkilStokes), a legendary figure in the Forex trading world with 16 years of experience. This revealing conversation explores Akil's trading philosophy, techniques, and psychological approach to market success.
Key Highlights:
- Akil's Trading Journey: How he started in stocks before finding his groove in Forex during the volatile 2008-2009 period
- Currency Personalities: Akil's unique perspective on different currency pairs, including the "sneaky volatile" Pound/Dollar and the "graveyard" Pound/Yen
- Counter-Trend Trading: Why Akil prefers counter-trend strategies and his process for identifying market reversals
- Range Bar Charts: His use of 34-pip range bar charts for cleaner market analysis
- Risk Management Philosophy: "My job is conservation of capital. I want to avoid the big hit because it can wipe out months of gains."
- Trading Psychology: How Akil overcomes drawdowns and maintains discipline through market challenges
- Mentorship Approach: His accidental journey into coaching and how his athletic background enhances his trading education style
Timestamps:
00:00 – Intro and Akil's trading background
03:56 – Why Akil focused exclusively on Forex over other markets
06:16 – Currency pair personalities: Pound/Dollar and Pound/Yen
08:16 – Akil's preferred timeframes and trade duration
10:44 – Most actively traded pairs and why
17:01 – Counter-trend trading approach and chart analysis
27:17 – The importance of following trading rules consistently
36:38 – How athletics background influenced trading discipline
50:42 – Managing psychological aspects during drawdowns
57:01 – Balancing trading with family and coaching
This conversation offers rare insights from an experienced trader who has remained steadfast in Forex while others moved to different markets, making it valuable for traders at all experience levels.
HOW TO REACH AKIL:
🎥 YouTube – https://www.youtube.com/akilstokes
🐦 X (Twitter) – @AkilStokesRTM
📸 Instagram – @AkilStokesRTM
📘 Facebook – https://www.facebook.com/AkilStokesRTM/
🌍 Website – https://tieronetrading.com/
🌍 BlueSky – @akilstokesrtm.bsky.social
FOLLOW THE TRADING BATTLE:
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📸 Instagram – https://www.instagram.com/thetradingbattle/
🎥 YouTube – https://www.youtube.com/thetradingbattle
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