I've been hearing a lot about DPIs lately.......can you please explain them,

DPI stands for Direction Point Identifier,  It is a proprietary product of The Trading Coach.  It was designed to give traders an exact price point where they should enter a trade (thereby minimizing risk to a few ticks) and also to tell them the direction of the move. Further, DPIs are designed to identify larger moves that may run for days, weeks or months.

Recent DPIs include being short USD/CAD under 139.03......being short EUR/USD under 112.05.......and being short EUR/CAD under 152,10.  These DPIs were published on Linkedin two weeks before the moves started; each one has moved several hundred pips in the stated direction: and each has much more to go with new DPIs controlling the move (ie: allowing you to add to your winning positions).

I heard The Trading Coach has a 3 step approach to becoming a successful trader. What is it?

1. First you sit with the Trading Coach and watch him trade his own account.  See the kinds of trades he makes, the reasons why,  and the results as they happen.

2. Then you apply the techniques you have just learned to "live" situations but with play money.

3. When you are comfortable with your own results (with play money), you start to trade your own account.

Why do people hang on to losses and how do they get into that position?

Markets car be diabolical. They love you to take a position, move quickly against you and then, because your losses are too big, have you hold it indefinitely as your losses mount. Students of the The Trading Coach learn how to not only avoid this pitfall but to take advantage of the phenomenon.

What is The Trading Coach's fee structure? What results can I expect?

We feel you should only pay for results, not promises.  Consequently, the fee structure is $950 for 4 one and one half hours sessions. And if your trading account is not positive after two months, $700 is refunded.

The market has recently dropped 2,000 points with many stocks down 20-50%. What to do?

Best to watch technical indicators and chart patterns.  Ignore opinions from the media or others.  Be patient, be disciplined, watch for the signals and make the trade.

Is there a particular time of day that is best to trade currencies in the US central time zone?

It is generally best to trade between 7:30AM and 11:30 AM Central time since both European and American banks are open during that period.

Why do I have to understand charting and the technical underpinnings of the market?

Well, the Dow was down almost 300 points today.  They didn't announce it yesterday on TV or the internet.  But the charts and the technical studies provided you with a warning,

I'm a beginner. How long will it take before I'm able to trade on my own?

After about 4-5 sessions of an hour each. you'll start to trade with play money in live situations. After about 10 sessions you'll begin to trade your own money.

How do I learn to gauge how world events, both positive and negative, will impact my trading strategy? Created 19 Dec 2015 1:59:41 AM PUBLIC 76.126.7.184

Generally I do not recommend that you trade on world events.  Even though you may think you understand the event, the market may look at it differently.  Better to trade on price action which will put you in sync with the market. Most of my time with students is spent teaching them the methods to identify price action.

Is it a good idea to buy stocks on the way down? If not, when?

It's best to buy stocks on the way up.  Look for 6-8 weeks of sideways movement and buy it as it breaks out above that consolidation.