What if the biggest thing getting in the way of your trading success isn’t the market… but the myths you’ve quietly believed for years?
In this week’s Talking Trading, Louise Bedford sits down with Terry Tran, founder of The Freedom Trader, for a myth-busting, belief-shifting conversation every trader needs to hear.
Terry’s journey is remarkable. Arriving in Australia as a refugee, he faced uncertainty, fear, and the crushing belief that financial security was out of reach. Today, he’s a respected trading educator whose methods have helped thousands of everyday investors build consistency, confidence, and freedom.
In this episode, Terry exposes the myths that keep traders stuck:
- “I don’t have enough time.”
- “I’m not smart or experienced enough.”
- “Trading is gambling.”
- “Markets are too risky.”
- “I can’t risk my retirement.”
- “I’ve been burnt before.”
He explains why these beliefs feel true, why they persist, and what happens when traders replace them with clear rules, structure, and a risk-first process.
You’ll hear Terry’s personal drawdown story, the exact steps he took to rebuild discipline. He explains how a simple, consistent method can outperform complicated strategies. If you want a fresh look at trading, this conversation will give you clarity and confidence.
3 Reasons to Listen
- Smash the most common myths in trading
Hear the real beliefs that stop traders from progressing – and what successful traders think instead. - Learn the risk-first approach Terry uses every single day
He walks through the checklist that guides his decisions, even in volatile markets. - Build emotional resilience
Terry shares how he navigated one of the toughest drawdowns of his career and rebuilt confidence step by step.
Questions we discuss
- From refugee to trader: What belief about money or safety did you carry from those early years, and how did that shape your first trades?
- Myths that trap traders: You’ve identified more than a dozen beliefs traders struggle with – from “I’m not smart enough” to “I don’t have time.” Which myths show up the most, and what replaces them when traders start doing the work?
- Your risk-first method: Walk us through your pre-trade checklist. What non-negotiables must be in place before you’ll ever enter a position?
- Dealing with drawdowns: What was your toughest professional drawdown, and what exact process helped you regain discipline and confidence?
- Mindset vs mechanics: Where do traders misallocate their energy? If someone had limited improvement time, how would you divide it between psychology, risk management, and setup work?
- Stops, valuation, and timeframes: When do you insist on a hard stop, and when – if ever – do you allow wider breathing room based on fundamentals?
- Community and accountability: Which structures inside your program most reliably turn a capable novice into a confident, independent trader? How do these structures dismantle the “trading is a lonely journey” myth?
- Breaking psychological barriers: What advice do you have for traders saying things like “I’ve been burnt before”, “I’m too old”, or “I don’t have the time”?
About Terry Tran
Terry Tran is the founder of The Freedom Trader and a passionate advocate for risk-first investing.
Arriving in Australia as a refugee, Terry built his financial independence through disciplined trading. Today, he teaches others how to do the same. His approach blends psychology, structure, and risk management. Terry helps everyday traders achieve consistent results without gambling their future.
With decades of experience and a global trading community, Terry is known for simplifying the markets and busting the myths that hold traders back.
Stay in Touch with Terry
LinkedIn: linkedin.com/in/terrytranlinkedin
Website: theFreedomtrader.com
Blog: https://www.thefreedomtrader.com/blog/
Stock Checklist: Eliminate 99% of the rubbish stocks by going to this link: www.thefreedomtrader.com/free-checklist
Next Steps:
- Explore Louise’s Trading Made Simple video course, free at tradinggame.com.au, to put these principles into practice.
- For deeper insight into risk management, check out my books Trading Secrets and Charting Secrets.
About Louise Bedford
Louise Bedford has traded, taught, and written extensively about the financial markets for over 30 years. Over this time, she has built a reputation as a highly accomplished and experienced trader, educator, and author.
She co-founded The Trading Game and has gained recognition for her unique approach to teaching trading psychology and market analysis.
Louise has authored several successful trading books. In particular, her titles include Trading Secrets, Charting Secrets, The Secret of Candlestick Charting, and Investing Psychology Secrets.
Louise runs her hugely popular, repeat-for-free Mentor Program Pro online course. Through this course, she shows you how to automate your trading so you can retire early and get on with your life.
Did you know you can book a free 30-minute call with Louise to discuss your current trading strategies?
Just click the button below to take the quick survey, and then you’ll be able to choose a time to talk to Louise.
Other ways to get in touch with Louise
Facebook: https://www.facebook.com/TradingGame/
Twitter: https://twitter.com/TheTradingGame
LinkedIn: https://linkedin.com/in/louise-bedford/
Youtube: https://www.youtube.com/tradinggame
TikTok: https://www.tiktok.com/@tradinggame.com.au
Instagram: https://www.instagram.com/tradinggame.com.au/
Image by AI Google Labs
