Trading Psychology - Why it´s NOT Working for You In episode 180 of the Desire To Trade Podcast and live Q&A, I sit down once again with Mandi Pour Rafsendjani to discuss why trading psychology is not working for most traders! Watch the video interview here. Topics Covered In This Episode Who is Mandi and what she specializes in [00:36] Why traders "know" what they need to do but don't do it? [03:14] Why and how your surrounding environment affects your performance [09:11] How behavioral patterns and who listen to matter in our development [13:01] What "taking responsibility" means for a trader [17:13] How to reprogram our mind to think like top traders [25:22] How to identify the root cause of our issues [29:20] What is the first mental challenge for going to be employed to a full-time trader [32:11] How has Mandi changed in her trading from 2002 to today [37:10] How to deal with "overtrading" and losing trades[47:29] How should you go by on being able to reach your goals this year [57:48]   Resources Mentioned  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Mandi? Tradingpsichhology.com.au highperformancetrading.com.au Facebook LinkedIn Twitter 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!

Plan Your Trading Success In 2019 In episode 179 of the Desire To Trade Podcast, I sit down with stocks & futures trader Jerremy Newsome from Real Life Trading to discuss how to plan for major trading success in this 2019. Watch the video interview here. LIVE TRADING ROOM FREE WEEK Topics Covered In This EpisodeWho is Jerremy Newsome, what he does and his trading journey  [01:44]What is the first step someone who does is struggling to make a plan [02:49] How Jerremy Newsome does his goal planning [05:52] Jerremy Newsome's recommended tool to get things done [07:17] Jerremy Newsome's recommendations on how a trader can achieve the goal of becoming a profitable trader by the end of 2019 [08:33] Is there a point in which a strategy can be further optimized? [13:48] How can someone who is starting out follow a proven path? [15:37] How to handle over fitting trading rules in changing markets? [20:32] How to create/save up your goal amount in 2019 [25:48] Is it possible for retail traders to make money trading options? [ 31:18] Does a trader need to stick to one position size or can him/her change it over time? [33:42] Focus on one trading system and then add more [36:30] How to approach mastering your trading mindset in 2019 [41:05] How to improve and develop your relationship with money [44:49] How to recover from trading Draw Downs/ Losing Streaks [47:40] How to manage money withdrawals once you are successful [ 50:08] Doing anything high performance for a living is very hard [56:52] Jerremy Newsome's Real Life Trading FREE trading room week info [57:53] Resources Mentioned 6 Things I Do When I am on a Losing Streak  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Jerremy Newsome? Email: [email protected] LIVE TRADING ROOM FREE WEEK Real Life Trading Youtube LinkedIn Twitter Facebook 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!

The 3 Simple Steps To Trading - Show Notes   In this episode, I share with you the 3 simple steps to trading. We're getting real simple here so you can start to get results in the shortest period of time. Topics Covered In This Episode First Step - Plan [00:57] Second Step - Execution [03:53] Third Step - Review [06:39] Recap [09:29] And more! DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program   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!

Start A Hedge Fund, Trade $10 Million! - Show Notes Felix Hartmann is a German-American Tech Entrepreneur, Futurist, and Trader. Hartmann serves as the Managing Partner of Hartmann Capital, navigating its flagship Hartmann Digital Assets Fund. Next to the hedge fund, Hartmann also founded Crypto Academy, one of the largest crypto trader and investor educational platforms and has since advised several blockchain projects. Hartmann is also a bestselling futuristic author and a leading voice on social media championing topics like blockchain, AI, and transhumanism. Watch the video interview! Topics Covered In This Episode Who Felix Hartmann is and what he does [0:32] How Felix Hartmann started in trading [2:21] The importance of practice in trading [3:47] Why Felix went into cryptos, his journey [5:01] How Felix decided to open a hedge fund and got $10 Million to trade with [9:45] Felix´s recommendations on starting a fund [13:29] Top mistakes that traders make [16:27] Felix's habits to stay at the top level of trading  [20:32] One of Felix's bad trades that changed things around for him [25:46] Felix's  biggest mistake in his trading for 2018 [28:46] Why Felix coaches new traders even now [32:15] What are Felix's goals for the future and his main motivation for attempting those goals [34:04] And many more! DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Felix Hartmann? Felix Hartmann's Personal Website Crypto Academy Felix's Instagram 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!

In episode 176 of the Desire To Trade Podcast, I interview full-time trader Boris Schlossberg. We discuss his transition from manual to automated Forex trading and how Boris develops profitable trading strategies, as well as how to increase your chances of success in the Forex market. Watch the video here.   Topics Covered In This Episode Who Boris Schlossberg is and what he does [0:40] How Boris Schlossberg started in trading and learning its nuances [2:08] What Boris’ advice on high volatility and big moves is [11:03] How to prevent a “crash” [16:22] How Boris did the shift from manual trading to algos, and the strategies he used [22:45] What you have to do on a daily basis or the work involved as an algo trader [28:39] How long the front trading phase is and back testing [32:24] How to review your algos [34:03] Why Boris recommends learning the basics and then going to algos [36:05] What Boris’ goals for the future as a trader are [44:42] What Boris’ one piece of advice on how people can thrive as traders is [46:53] And many more!   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Boris Schlossberg? The online conference to learn MT4 Twitter: @fxflow Boris Schlossberg's website 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!

Hey traders, I just wanted to wish you a happy new year. Let's make things happen together in 2019! If you got value out of the podcast, please share your favorite episode on social media and tag me in!! Access the Bollinger Bands Reversal Strategy course: https://www.desiretotrade.com/bbr-strategy-podcast Best regards, ~ Etienne Crete Connect with me: YouTube Facebook Instagram Desire To TRADE Academy

175: How to Quickly Improve Your Trading Skills - Jerremy Newsome In this podcast episode, I sit down with full-time trader Jerremy Newsome to discuss how to improve your trading skills and adapt to changing markets quickly. Visit Jerremy Newsome's website: https://reallifetrading.com/ SUBSCRIBE TODAY on Youtube: https://goo.gl/4DpLu6 Want to look cool? Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7

Live Forex Trading Q&A from Progreso!   In episode 174 of the Desire To Trade Podcast, we do a live Q&A from Progreso. We will cover the questions you have for me in this episode. Watch the video here.    Topics Covered In This Episode How it is possible to minimize drawdowns [1:00] What the best way to transfer funds from your bank account to your Forex account is [2:53] How you can trade algorithms even if you're not a programmer [4:46] Trading with price action, fundamentals and with systems [6:34] Becoming a pro without relying on price action [7:24] What the best strategies to start forex trading are [7:29] My advice for getting funding in trading [9:19] What your number one focus should be when starting in trading [10:48] If I’ll be doing something in the time zone of Australia [13:23] If you should have 20k minimum to start trading [14:03] Applying “simplicity is key” in trading [15:27] Trading with a big stack of money over time and using a “graduation plan” [18:26] Getting an accountant for tax filing [20:17] Getting clear on what you want to do [20:48] Using Australian brokerage and being careful when choosing a broker [21:38] Why I do trading only using my account and having different goals now [23:13] How it can be tough trading for other people [24:17] How to deal with price discrepancies when using different brokers [25:29] How long I have been trading [26:35] DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Full-Time Quantitative Trader Shares His Secrets In episode 173 of the Desire To Trade Podcast, I interview quantitative trader Troy Bombardia from Sydney, Australia. In this podcast, we talk about trading systems and thinking with the “systems mentality”. Watch the video here.    Topics Covered In This Episode Who Troy Bombardia is and his background [0:59] How Troy came up with the idea to build systems [6:35] How to develop a system [8:28] How to make sure not to overoptimize the parameters in your trading model or system [9:53] What the fundamentals for Forex are [13:20] Where people should begin in building a system and the pitfalls that they could get into [19:11] Using Excel and why it’s good enough as a start [22:01] How to make your “moving average” better [25:19] What you need to do to become more confident in your system [27:44] His opinion on developing a system for Bitcoin [31:32] How good traders are able to read data on any chart at any given time [34:34] How Troy decides which indicators to check [38:13] Troy’s advice for people on setting their mindset and mentality [40:56] DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Troy Bombardia? Bull Markets Email: [email protected] 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!

Full-Time Day Trader Secrets and Tricks In episode 172 of the Desire To Trade Podcast, I am sitting down with pro trader Chris Capre and Ken, an expert in neuroscience to discuss some neuroscience trading secrets. In this podcast, we talk about some mind-blowing things about neuroscience and hedge funds, trading for other people, and what the different solutions are for that. Watch the video here.    Topics Covered In This Episode Who Chris Capre, what he does, and where he is from [0:44] Why you cannot focus only on strategies, and why you need more in order to succeed [8:26] What Chris did before trading for other people [14:36] Learning things with the right traders and taking the right courses [16:57] How to deal with long periods of no trading [22:30] What the steps in changing strategies in different markets are [29:08] Who Ken is and his background in trading [32:24] Using the Neuro Trader program and how it affects success rate [38:58] Why it’s good to have a coach and not get rid of him/her [43:04] What signals Chris and Ken look for to determine if someone is not in his peak performance [44:32] Why you should protect your psychological and financial capital at the same time [53:11] What the Neuro Trader Program is about [59:54] Getting quantified feedback data from the program [63:25] What the cost and requirements when you join the Neuro Trader Program are [71:11] Meeting the “1% average” for the total six-month period requirement [79:50] Why money is the not the problem, but it’s your commitment [82:11] Why investing in yourself is the best investment you can always make [84:43] Resources Mentioned Neuro Trader Program  Learn more how to trade for the hedge fund   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Chris Capre? Website: 2ndSkiesForex.com Twitter: @2ndSkiesForex   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!

How Traders TRADE to STAY Successful (Over the Long-Run) In episode 171 of the Desire To Trade Podcast and live Q&A, I sit down once again with Mandi Pour Rafsendjani to discuss how traders trade to stay successful over the long run! Trading with your emotions can be difficult at first, but by applying the tips in this video, you'll make the process much easier. You'll find out the techniques used by very successful traders on how to deal with trading emotions. Watch the video interview here!   Topics Covered In This Episode What’s happening in Mandi Pour Rafsendjani’s life right now and her conference discussing trading mindset and psychology [1:26] Why some traders trade and cannot continue long-term [8:27] What things traders need to do in order to succeed [12:48] What it’s like getting a trading coach [15:16] What Mandi’s 4-part framework in trading is to help you succeed (mindset, structure, implementation, feedback) [18:55] Not seeing the gaps in trading plans that you've created [27:47] How to start when you don’t know at all [30:49] Why having a trading mindset is important [32:51] Learning a trading system and training your mind to see; surrounding yourself with the right people [36:10] Facing your demons and figuring out what is not working in your methodology [40:29] Changing your perspectives on what is a big account [46:17] Learning from the right people [48:15] Enjoying trading even if it’s difficult [53:26]   How To Find Mandi Pour Rafsendjani? Website Facebook LinkedIn Twitter  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!

Full-Time Day Trader Secrets and Tricks In episode 170 of the Desire To Trade Podcast, I bring another past guest of the podcast who has impacted me that made a big difference in my trading, and this time I have a chat once again with full-time trader Andrew Aziz. Andrew is a day trader based in Vancouver, Canada. He’s been trading full-time since a couple of years now. He knows what it takes to perform at your best and to keep improving yourself on a daily basis. Watch the video here.    Topics Covered In This Episode Who Andrew Aziz is and his background [1:30] What people should do if they want to become profitable traders [3:24] Why waking up early to trade is not that bad [4:54] How Andrew found his purpose in trading [6:04] What the next steps Andrew did were after having the feeling of having to make it work [7:58] Having coaches/mentors to become a good trader [9:34] Getting support from family and friends [11:25] How Andrew tried swing trading and found out it wasn’t for him [13:47] Selecting the criteria for day trading [14:52] Andrew’s structure for trading, when he starts and stops trading during the day [15:38] Andrew’s maximum loss percentage that he stops trading during the day [17:59] The tools for profit targets and stop-loss Andrew uses [19:49] What traders should know and apply in their trading [21:31] How Andrew manages his money [23:54] What it takes from being a break-even trader to profitable trader [24:55] What Andrew does when he’s trading [27:05] Going back and looking at your stats in trading [28:21] The markets Andrew trades in and the reason for it [32:03] Resources Mentioned BOOK: How to Day Trade for a Living by Andrew Aziz BOOK: Advanced Day Trading Techniques by Andrew Aziz Use the promo code "D2TBBTLT18" to save 10% off Andrew's trading room lifetime membership!   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Andrew Aziz? Bear Bull Traders Email   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!

How To: Exponentially GROW Your Trading Business! (More Freedom) In this episode 169 of the Desire to Trade Podcast, we are having a live Q&A and I am having the chance to sit down again with full-time professional trader Michael Toma. Michael has inspired me and helped me a lot in the past in trading. He had been in the podcast a few weeks ago and many times before, and every time I speak with him I learn something new which I want to share with you. After these previous episodes with Michael, it was time to answer your questions so we went on YouTube Live asking for your questions, what you want to learn more precisely about risk management. We’ll answer those in this interview today. We discuss how to grow your trading business and answer your questions! Watch the video here.    Topics Covered In This Episode What Michael Toma does, who he is and a bit of background [1:48] How he was trading for other people and how it turned out for him [2:55] How to scale and build your trading account; the curve that a trader has to go through [5:06] How important data is and what that means [7:45] Market profile levels and what percent of the time they’re respected [9:19] How Michael Toma divides his time between trading, reviews his performance and analyzes data [13:13] Strategy ratio of reward to risk of 2:1, and 85 to 90 percent win rate [16:34] What the processes Michael Toma took to start his trading business were [19:44] Having a graduation plan, and building or scaling up your trading [21:51] The maximum that you should get before you add more capital to your account [24:18] What you should show investors when you want to trade for them [26:58] How Michael manages trading and traveling at the same time; and the challenges that come along with it [30:58] The technology that Michael Toma is going to invest in and his development plan [33:33] Being able to trade on your smartphone [37:01] Scalping and the 5-Minute Trading Chart [38:37] Focusing on the math and sticking with historical percentages [41:47] How Michael trades with volatility [43:48] Resources Mentioned The Risk of Trading: Mastering the Most Important Element in Financial Speculation (Wiley Trading Book 536) By Michael Toma  Desire To Trade Academy with Michael Toma      DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Michael Toma? Collective2.com Globexnation     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!

From College To Successful Forex Trading In episode 168 of the Desire To Trade Podcast, I bring back Jason Sen from Day Trade Ideas. We discuss how Jason went from College to working for banks and then into full-time Forex trading. Throughout that process, Jason worked in institutions and set up a highly-recognized technical analysis business among big institutions. In this interview, we discuss Jason's Forex trader story and more! Watch the video interview here.   Topics Covered In This Episode How Jason Sen transitioned from college to full-time Forex Trading [0:59] What made Jason Sen decide to do trading [3:41] How Jason Sen did trading and creating reports and at the same time make money from it [5:03] Why Jason Sen thinks any trader with experience who has a track record of making good calls could do his trading style [6:32] The achievement of a certain level of income or a threshold that Jason thinks is good to teach people or sell something [7:26] Why figuring out doing what you love and doing it is much better [10:39] How Jason finds the balance between telling people what to trade but letting them trade to what they know [11:23] How a bank “trades” and the difference as opposed to being a retail trader [12:33] What should people do if they’re trading for somebody; and what a trader that wants to trade for somebody else also do [14:40] The timeframe for building your track record in trading [17:23] How people should learn to really trade for a living and be able to for someone else [18:42] The advantages of living abroad as a trader [21:09] What the skills that traders should develop are [22:56] How trading for someone else instills more discipline in a trader [24:19] The trading questions Jason gets a lot by email about technical analysis [24:58] Why you're going to have some drawdowns along the way [26:45] How Jason finds out if things are changing [27:49] Why having a routine is a good idea [28:31] Jason’s habits or discipline that helps him in trading [29:09] Jason’s advice or lesson that he passes on to people that they need to have an understanding of [29:51] [32:42] The one thing people have to apply to become better traders DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Jason Sen? Follow Jason Sen on Youtube  Jason Sen's website: http://www.daytradeideas.co.uk/ Twitter: @daytradesignals  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!  

How To Deal With Trading Emotions In episode 167 of the Desire To Trade Podcast, I sit down with full-time day trader and trading psychology coach Mandi Pour Rafsendjani in Melbourne to discuss how to trade successfully with your emotions. Trading with your emotions can be difficult at first, but by applying the tips in this video, you'll make the process much easier. You'll find out the techniques used by very successful traders on how to deal with trading emotions. Watch the video interview here!   Topics Covered In This Episode How Mandi responds to people that trade with their emotions and why it’s important [1:47] How people all go through the same feeling of everything is going against them in the beginning [6:57] How a mentor can help you [7:39] Why having support makes life easier [8:26] Why not to go alone in trading [9:54] Why you need to look at emotions [12:41] How trading and emotions comes down to overleverage [15:07] Several things that can cause you to overtrade [17:50] Why people can overtrade as a replacement for something they lack [19:07] How to solve problem after problem [20:27] What the steps to deal with the emotional intensity of what you go through are [24:07] Nature or nurture? [27:09] Having a subconscious emotion that affects your trading [29:26] Risking too much and not controlling the money [34:42] What happens when you give your profit back to the market [35:59] Working on something you have to work on and also emotionally [41:43] Trusting yourself and avoiding the “little sister” syndrome [43:43] Taking only sensible trades and setting a standard for yourself [44:36] How 90 percent of traders don’t have a strategy that’s proven and tested [47:22] Using backtesting platforms [48:20] And many more!   Resources Mentioned Pepperstone  FX Blue  How To Find Mandi Pour Rafsendjani? Website Facebook LinkedIn Twitter  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!

  "I Need Confidence To Trade" Is A Myth? In episode 166 of the Desire To Trade Podcast, I am sitting down with Alejandro, a student from the Desire To Trade Academy to discuss confidence in Forex trading. Watch the video interview here.    Topics Covered In This Episode How you can have confidence when you trade [1:19] Being curious and having an adaptive mindset [6:10] The question of making money or not in trading, and shifting your mindset to be profitable [7:42] Thinking about the overall picture and the process [10:50] Focusing on the goals rather than profit [14:47] Having to know the numbers [18:32] Putting taking profits too high and stop-losses too low/tight [19:45] Creating a journal [22:17] Why you cannot trust on your memories [22:33] Your personality and ego and how it relates to your mindset [24:54] Having motivation in trading and doing it for freedom [28:48] Thinking of trading strategies as different employees [32:21] Why there is always an adaptation part [34:32] Starting to implement the strategy and making it work to make money [36:36] Every person has different strategies that resonate with them [39:03] Why we tend to overestimate and underestimate market moves [40:57] What a good risk reward for day trading is, and win rates [44:06] Example of backtesting [48:25] Thoughts on crossover strategies [50:52] Why automation systems in your process is essential [54:38] Rules of a discretionary trader and tools for doing backtests [58:02] What the leverage is to use to be able to place all the trades you need [59:46] What the timeframe for day traders is [60:35] Not every single strategy will work on all pairs [61:49] Advice for someone starting to code and the platforms to use [63:29] How to measure magnitude of an economical event [66:32] The best strategy for trading cryptos [71:26] Why Python is one of the best tools to use in coding [74:59] Why you need to meet traders in person [77:12] Resources Mentioned Reuters Eikon Terminal Bloomberg Terminal RANSquawk  Join the Academy Trading Assistant Example of backtesting Montreal Traders Meetup ForestParkFx Forex trading strategy I use    DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!

  Full-Time Trader Making A Blast In Cryptocurrency Trading In episode 165 of the Desire To Trade Podcast, I interview full-time trader Houston Truong. He is one of the people that I relate to in trading, who does what I do, is more advanced than I am, and I want to learn from him quite a lot. Houston also started The Montreal Traders Meetup. For the past few months, he has been pushing me to trade cryptos. He started this almost a year ago and had some success with it. Now, this is something he does on a daily basis and something he enjoys. So I wanted to get his perspective on how to do cryptocurrency trading; how to start, what to look for, and how to go beyond the noise in crypto to be able to succeed in the field, and more. Watch the video interview here.   Topics Covered In This Episode Who Houston Truong is and what he does [3:14] Why Houston Truong wanted to go into cryptocurrency trading [4:10] How the progression was into cryptocurrency trading [5:51] What Houston Truong’s process is when he tries something new and building his methodology [8:28] The essential parts to develop as traders [13:40] What you need to work on to become a better trader [16:28] Traps that traders can get into and what you should do in cryptocurrency trading [19:54] Houston Truong’s charting tool that he uses including for cryptocurrency trading [22:49] Drawing the balance between enough alignment and too much alignment in cryptocurrency trading [25:19] Why Houston Truong enjoys cryptocurrency trading [30:56] How he came up with the 5-hour minimum [33:22] Dealing with losses [35:18] Using your intuition as a good skill to develop in trading [36:49] The platforms Houston Truong uses, and using APIs [38:02] The reasons why Houston Truong created a meetup for traders [43:08] Do your homework to determine where to put your money [49:38] Opening a cryptocurrency trading account [50:36] How to read the stats and numbers & back testing in cryptocurrency trading [52:04] Building a “graduation plan” in cryptocurrency trading [54:02] One thing people have to apply this week or this month to become better in trading; understanding three things [55:05] Resources Mentioned Montreal Traders Meetup Group BitMEX BitFenix Trading View iBroker DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Houston Truong? The Trading Edge Facebook Twitter  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!

"Move your stop further away!" In episode 164 of the Desire to Trade Podcast, I am sitting down with trader Michael Toma to discuss the topic of risk management. A very big topic that a trader has to understand is that of risk management, and for the longest time, I didn’t know too much about risk management, what it’s about. I thought it was only about risking money on a trade to be able to trade for the long-term—but there’s a lot more to it. Michael is the one who has probably studied this topic the most. Traders like him kind of have a way of doing things that are special and so I wanted to bring him back. Michael has been in episode 40 of the podcast as well as a few episodes after that. In this podcast, we went even more broad in that episode to talk about not only risk management but also trading strategies, how he trades, what things he looks for and how he has been able to get a lot of money trading for other people.   Topics Covered In This Episode Who Michael Toma is and what he does [2:11] Combining trading and working at the same time [3:30] The things that people do wrong with “risk” [4:56] What he recommends to someone starting out on how to put their stop when they’re wrong [8:00] How people should plan the risk around trading [9:55] Strategies that Michael Toma uses in forex [12:04] The benefits in moving from forex to futures trading [14:43] How people should start in creating a strategy for forex or futures, and how they should combine things [16:23] The amount of value you get from just talking to people [17:53] What kind of work Michael Toma does before to make sure he is good to go into trading [18:32] How Michael Toma reacts when he makes a mistake in trading [20:36] The action steps you have to put in place to get to 95% precision [22:41] Putting in the time and effort to find ways to improve [24:39] Back testing a trading strategy, doing the grunt work and finding the ways to make it better [25:47] Michael Toma’s three methods [29:00] Taking the time to learn and use market profile [31:30] How Michael’s trading was before using market profile [33:54] Why not to use MACD or most indicators as signals [35:25] How Michael Toma started to trade for other people [38:16] How Michael Toma presents what he trades for [41:50] Traveling around the world to meet investors [43:33] How the trading world has evolved [44:22] Developing different ways to make money is important [45:57] Being fulfilled while traveling, trading and do what you love [47:19] One thing people should apply ASAP [49:00] Resources Mentioned Heiken-Ashi Technique MACD Divergence Keltner Channels Bollinger Band  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Michael Toma? Collective2.com Globexnation     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!

Creating The Right Mindset For Trading In episode 163 of the Desire To Trade Podcast, I am bringing back full-time day trader and trading psychology coach Mandi Pour Rafsendjani to discuss how, as a trader, you can create the right mindset for your daily activities—how you get from whatever stage you’re at when you wake up or when you “start” to trade to “being ready” to trade.  Watch the video interview here!   Topics Covered In This Episode Who Mandi Pour Rafsendjani is and what she exactly does [0:53] How to get the right mindset to trade and how you should go about it [2:40] There is no “magic pill” in trading [5:11] How hanging on to a losing trade is not good for traders [7:45] Having a support team and the right people around you [10:22] How important making a plan is [12:25] When and what is the best way to consult a coach [20:29] How to prepare yourself in the context of your whole life [22:28] Mastering the Wheel of Life [27:06] How to put things in place to get it right from the start especially for beginners [27:56] Seeing many markets and what happens [31:17] Meditating before trading versus mindfulness [33:46] How mindfulness improves Mandi’s trading [37:41] Self-sabotaging behavior among traders [40:29] Eliminating your negative beliefs in trading [43:02] Being willing to face challenges [45:11] What you need to provide to get capital from an investor [46:19] “Priming” your mind [47:03] How to present a trading strategy to people who don’t know about trading [49:06] Why Mandi has no time limits in trading [49:36] And many more!   Resources Mentioned Linda Raschke’s presentations  DOCUMENTARY: Intermittent Fasting by Michael Mosley on BBC Performance Edge - Steve Ward  APP: Headspace: Guided Meditation and Mindfulness  Derren Brown    How To Find Mandi Pour Rafsendjani? Website Facebook LinkedIn Twitter  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!

High-Performance Trading & Making It Full-Time In episode 162 of the Desire To Trade Podcast, I talk with best-selling author, and trading mentor Louise Bedford about high-performance trading & trading full-time. After a long waiting time to interview her, she finally was able to come on the podcast. I really love the topic we discuss in this interview; things like candlestick, high-performance trading, how to go from part-time to full-time, and how she lived that herself. Listen to her story as it’s quite interesting and she went through a lot of ups and downs which you’ll hear about more in this episode. Watch the video interview here.  Topics Covered In This Episode Who Louise Bedford is and what she does [1:06] The reason for why bad trades happen according to Louise Bedford [7:02] The mindset shifts and habits Louise Bedford had to implement [8:16] How “clarity” is so important [10:10] What Louise Bedford had to learn about candlesticks [15:21] What should new traders look at in candlestick charts [17:46] Building a strategy around candlesticks [21:41] How people can test to see that they are right and they can make money with candlesticks [24:53] How high-performance trading works [29:35] Things people should work on first when they start to trade live in high-performance trading [33:44] Using hypnosis and guided meditation for trading [44:58] Results people can expect from Louise Bedford’s mentorship program [45:56] How each plan is unique and individual for every trader [47:44] One thing people would have to apply this week to become better traders [51:00] Resources Mentioned BOOK: Japanese Candlestick Charting Techniques by Steve Nison Louise Bedford's books Louise Bedford’s trading plan template Talking Trading Podcast Daryl Wilkinson’s Stress-Free Consultancy  CD: Relaxation for Traders by Louise Bedford Priority Registration - Trading Game DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Louise Bedford? Trading Game website YouTube 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!

What You Can Learn From Millionaire Traders In episode 161 of the Desire To Trade Podcast, I am bringing back full-time day trader and psychology coach Mandi Pour Rafsendjani to discuss what we can learn from millionaire traders. Having worked with a very large number of successful traders, Mandi has seen directly the kind of mindset, attitude, etc. high-performing traders have.   Watch the video interview here!   Topics Covered In This Episode Who Mandi Pour Rafsendjani is and what she exactly does [0:17] What the millionaire traders (that Mandi look up to) do differently [4:24] The two types of people when it comes to their thinking and feelings [5:34] How to look at the bigger picture and the statistics [8:33] Reflecting back on past trades, creating a checklist, going back and reviewing to compare benchmarks [10:29] Trading by yourself and starting out with a strategy [13:30] What it takes to “shift out” to do what needs to be done [16:01] The self-trust and certainty that most people want to have [18:32] How the trading names and terminologies can make it difficult to apply in the trading process [21:28] How millionaire traders look at the market and think about their loss; and their techniques [26:20] How millionaire traders are competitive and how they love the game and embrace challenges [28:12] How to take losses in trading; cutting your losses early [31:25] The main difference in traders who make money or lose money [33:28] How thinking positive about yourself is hard; and coming back after feeling bad and losing in a trade [37:15] How people help you out especially if you ask a good question [42:10] Protecting your capital and your “golden goose” [43:17] The learnings that you will have when losing money [44:13] Being curious about different viewpoints and willing to learn from others [46:20] What traders should tactically apply in the next week, and setting goals to become better [48:55] And many more!   Resources Mentioned BOOK: Mindset by Carol Dweck   How To Find Mandi Pour Rafsendjani? Website Facebook LinkedIn Twitter  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!    

3 Untold Truths To Go From Breakeven To Profitable Trading In episode 160 of the Desire To Trade Podcast, I share about how to go from breakeven trading (trading a lot and you end up at the end of the month or the year breaking even), which is a very good problem to have. I talk about how to do this and then move forward to becoming profitable. I will share the three things that really transformed my trading and profitability with that.   Topics Covered In This Episode Going back and reviewing all your trades; removing bad trades [0:44] Trying to filter your strategy in order to cut losses and adding confluence [2:20] Doing monthly checkups to see how consistent you are and asking yourself questions  [4:21] Rating your trading on a scale of 1 to 10 and bringing that score a point above [7:46]   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

What It Takes To Be Successful In Trading   In episode 159 of the Desire To Trade Podcast, I am joined by Barry Burns, trader and owner of Top Dog Trading. Barry has been in a prior episode of the podcast (episode 116) a few months ago where he shared some anecdotes and he’s back today to discuss how he's been able to progress to become successful in trading. Watch the video interview here.    Topics Covered In This Episode Who Barry Burns is and what he does [0:40] How Barry Burns feels after many years of trading [3:49] The reason why Barry Burns keeps back testing strategies and testing things [10:17] Barry Burns’ favorite period of time, anecdote or story in his 50 years of trading [12:01] Trading to make a living with what Barry Burns know now and being passionate about it [16:29] The common things that people hear that are wrong or should not be applied in the market to become successful in trading [20:18] What technical analysis includes; reading chart patterns and indicators to become successful in trading [22:36] How possible (or not) it is to learn how to trade like banks [30:06] Which education is recommended for beginners and what they should learn to become successful in trading [32:27] Barry Burns’ best teacher or mentor and 1 or 2 things he’s been coached on [39:11] Risk management and money management to be successful in trading [42:25] Differences in the way he traded or the market in general back then [44:19] Worst years in trading where things did not fall as expected and Barry Burns had to work better [47:05] Recovering from drawdowns and not focusing on wins/losses to be successful in trading [49:56] Action steps that people should apply to become better traders [60:06] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Top Dog Trading "Rubber Band Trade" Setup Barry’s Book: Trend Trading For Dummies Book: Technical Analysis for Dummies   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Barry Burns? Top Dog Trading LinkedIn Twitter Facebook Youtube Instagram   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!  

How To Make A Living Trading Other People's Money In episode 158 of the Desire To Trade Podcast, I sit down with stocks & futures trader Jerremy Newsome from Real Life Trading to discuss how to make a living trading other people's money (also called OPM). This episode is another collaboration with Jerremy and I really love his insights and the things that he thinks about that I wanted to bring this on the podcast once again. You guys have been hearing Jerremy for a few times in the past month. In this podcast, we talk about mostly how to trade for OPM (or other people’s money). There are a couple of important things that I didn’t even know myself but that I learned by speaking with Jerremy. Even if you do not trade for other people, you will still learn a lot from this interview. We talk about how to pay your taxes as a trader and a lot, lot more. Watch the video interview here.   Topics Covered In This Episode Why it makes sense to trade with other people’s money [1:43] What people should expect when they’re trading other people’s money [3:12] Ways to go by and instruments that you can use when trading other people’s money [5:02] How firms have strict rules for risk and not wanting to lose too much when trading other people’s money [12:17] Drawing the line between starting too early or too late trading for other people [16:10] Differences between individual people & firms and companies [17:54] The difference between using leverage or trading for other people with a firm when trading in Forex [19:35] The legal requirements when trading other people’s money [21:58] Having the right mindset and being confident [23:38] How Jerremy Newsome prepares himself as a trader for other people when he has his first drawdown [27:54] How often Jerremy Newsome withdraws money from his account [30:12] If it’s possible for a firm to get funded at a 2 to 5 percent monthly return [34:27] How much money stock traders usually give Jerremy Newsome to start with [37:33] Why Jerremy Newsome trades stocks and not Forex [39:03] Investing every single penny you have in your bank account [43:40] Tradenet and equities [48:27] Resources Mentioned Futures trading: http://bit.ly/2ORaUXF Forex trading: http://bit.ly/2njZY8r Tradenet  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Jerremy Newsome? Email: [email protected] Real Life Trading Youtube LinkedIn Twitter Facebook 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!

Every Trader Has An Unfair Advantage! In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind. Tim is also on a different podcast which I used to listen to before starting my podcast. He shares his story as a successful trader and highlights several important lessons about success in the field of full-time trading. We talk about goals, challenges, going to full-time trading when you have a full-time job, how to combine the two and a lot, lot, lot more. Watch the video interview here.    Topics Covered In This Episode What Tim Racette does, who he is, and a bit of background about him [1:44] Why and how Tim Racette started trading [2:18] Tim Racette’s mentors [4:46] Strategies that Tim Racette used in the trading pits [6:06] How Tim Racette evolved to trading on his own even with an unfair advantage [7:53] Tim Racette’s trading style and being comfortable with the idea of being different [10:13] Things Tim Racette had to do to go full-time trading for himself [12:50] If day trading was a necessity to trade full-time [14:57] Things that Tim Racette sees in people that they get wrong [15:52] Feeling of “going too fast” in the process of trading full-time and what you have to do [19:46] How traders should set goals for themselves in the beginning of the year [21:54] Starting with something basic and then tweaking it [28:09] Personalities outside trading that can help you become a better trader [29:12] Failing in business but what you should do after and keep trying again [30:25] Creating multiple streams of income as a trader [34:26] The schedule or regimen Tim Racette follows [39:01] Things or behaviors that people need to work on and adapt to become great traders [40:58] Goals Tim Racette has for the future [44:21] Doing back-testing and forward-testing for his ideas [45:54] One piece of advice or one action step people should take to become better traders [47:41] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Goal Setting Ideas for Traders Tim Ferriss and The 4-Hour Workweek  Jim Collins   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Tim Racette? Eminimind.com Twitter: @EminiMind Facebook: EminiMind [email protected] 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!

  Develop A Profitable Forex Trading System In episode 156 of the Desire To Trade Podcast, I interview Casey Stubbs, a Forex day trader and the man behind Trading Strategy Guides. Casey has been featured earlier in episode 035 of the podcast. You can watch it here.  Casey has been putting massive work into delivery systems and making his trading really systematized. He’s kind of a success story in that field. In this podcast, Casey talks about how he’s been able to use the systems and indicators to use for his trading while building different businesses and while working on different things. While I was getting a lot of value out that chat, I wanted to publish this so you guys do the same and hopefully you’ll hear some advice on how to create strategies that are systematized, how to back this, how to combine business and life in trading, and all these different things. You can watch the video interview of this episode here.   Topics Covered In This Episode Who Casey is and what he has been doing this past month [2:18] How Casey started to first trade and what happened after [4:11] How he evolved from trading stocks to Forex [5:44] Casey’s learning curve and overcoming challenges in trading [6:51] How and why Casey created the indicators [8:33] Trading manually or with a script [10:53] Price action and looking at the levels versus indicators [11:50] Casey’s process of back testing and measuring results [13:48] The most challenging aspect of being a trader [17:10] Discipline and taking the right trades [18:32] What the steps and time frame are to create a system that works in the market [22:29] What happened to Winner’s Edge Trading [23:52] How Casey gets ideas for the ideas and strategies [24:51] Limit of how many indicators to use [25:50] Casey’s favorite trading platform [26:53] Using Trading View [27:50] What Casey thinks most traders do wrong when trying to create a system [28:09] How Casey combines trading with having a family and business and doing all these things on the side [29:12] Casey’s trading goals and profit targets [32:18] Casey’s response to someone wanting to make $10,000 from trading [36:46] How you can learn from people and apply them in your life [41:27] The one thing Casey thinks people should apply and/or do [45:43] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome TradingView   Forex Tester   FxBlue     BOOK: Richest Man In Babylon   BOOK: Living Forward by Michael Hyatt  Trading Strategy Guides Power Indicator    DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Casey Stubbs? Trading Strategy Guides Cashflow Hacking Podcast 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!

Master Supply & Demand In Forex Trading In episode 155 of the Desire To Trade Podcast, I interview Paul Scott, an ex-institutional banker who primarily focuses on supply and demand Forex trading. After working as a trader in different exchange and having a thriving career in the trading industry, he made it his goal to teach other people how to use fundamentals. In this podcast, he shares what a bank trader looks for and why relying solely on indicators is the wrong way to go about success in trading.   Topics Covered In This Episode How Paul started to trade [1:44] Looking charts back then and how it was very much price-driven [5:45] Paul’s learning curve and level of success after the first 3 months learning about trading [12:12] How to respond when markets are behaving differently [15:44] How people trade differently on different markets [18:09] Banks putting all things in place to help you make money [23:17] How Paul would recommend to people to start with supply and demand [28:26] Paul’s advice for people [42:08] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Paul Scott? PaulScottFx.com  LinkedIn (PaulScottFx) Twitter (@PSCOTTFX)  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!  

  Successful Trading Mindset Challenges (scale to $10,000/month) In episode 154 of the Desire To Trade Podcast, I am bringing back full-time day trader and psychology coach Mandi Pour Rafsendjani. We talk about 5 mindset challenges that people face when they want to scale their trading to $10,000 a month. This is a big number and it’s a goal that a lot of people want to achieve. I have seen these mindset challenges for myself that I had to push them away over time. They didn’t change in a day, they didn’t change in a week, but I had to work on those. If you aspire to get to the $10,000 mark per month, this is exactly what you have to work on. I encourage you to listen to this carefully and make some notes on what you have to work on, then listen back in, let’s say, three months from now (90 days). Ask yourself what have you done, what have you improved on, and what can you work on. That will be amazing and that will be a great way to get value from this. Watch the video interview here!   Topics Covered In This Episode Who Mandi is, what she does and why she’s here with us today [3:04] The three types of traders [5:51] The first trading mindset challenge [8:36] The second mindset challenge [17:38] The main worries and fears in traders [22:22] Learning stuff for free, mindset number 3 [25:51] Using strategies and rules [32:57] Placing trades based on strategy and your personality [34:19] The fourth mindset challenge [36:49] Trading on intuition versus hoping [39:35] How we know our intuition is based on other factors [42:31] The fifth mindset challenge [43:31] Personal development [45:26] Why putting all your capital in trading and taking all risks don’t work [46:35] What people think if you're a trader [49:18] How Mandi breaks down the root cause of any trading issues [53:33] What you should take action on [61:03] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Demon Finder from Tom Dante Mandi’s Fierce 10 Challenge  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   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!

Forex Broker Secrets & Tricks You Didn't Know About In episode 153 of the Desire To Trade Podcast, I am joined once again by Trent Hoerr, the Head of Sales at Forest Park FX. You can watch Part 1 of his video interview (episode 151) here that was aired two weeks ago. In this episode, I bring back Trent where he discusses some things Forex brokers do that you weren't aware of. Trent shares more on how Forex brokers work and operate to make it possible for you to trade. This will be useful since all aspiring profitable traders should understand the way their broker functions. This is important if you have a problem with your broker or if you're not sure how they work. Knowing this can not only save you cost and ensure that you don’t get in a place where you're stuck and your broker doesn’t support you. Plus, you’ll learn tactics brokers use. Topics Covered In This Episode Who Trent is, what he does, and why he’s here [2:25] Questions people have about brokers [3:45] How common it is when people enter a trade and they get stuck and they see other charts being different [5:38] Regulations in different countries and how brokers work with it [8:22] Worst case scenarios [9:37] Who keeps and stores the take-profit data, third-party database firms [11:07] What an ECN broker is [12:26] Advantages for traders trading smaller or bigger accounts [14:45] Dealing with brokers with bad reviews [18:46] Which brokers are through ECN brokers [21:02] The A book and B book [22:12] Minimum distance from the market price [23:57] Reasons to trade on the brokerage platform or not [25:22] How brokerage trading against traders is common [26:11] Easy ways to win against a broker [27:54] The brokers and stop-losses [29:51] What type of action or behavior could be considered harmful toward the broker [31:11] Brokers providing VPS services for their clients [33:00] Benefits people get when they sign up for brokerage firms and what to look for [36:04] If you lose any cashback [38:22] What Forest Park FX is about [38:53] Brokers that are good for the Caribbean [42:18] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Pick Your Forex Broker: Interactive Map from Forest Park FX MetaTrader 4 CNS VPS Service Beeks VPS Provider Oanda Global Prime Equinix  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Trent Hoerr? Forest Park FX LinkedIn Twitter 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!

How To Motivate Yourself To Trade For A Living In episode 152 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading, based in the US. One of the tough aspects and tough parts when it comes to achieving something great is to be motivated daily and to be able to achieve your goal no matter what you think. I interviewed Jerremy a few episodes back (Episode 113 and 148) but today we talk about his history, what he went through and how he kept pushing no matter what happened. In this podcast, Jerremy talks a little bit more about everything he faced and how he was able to get back. This is really inspirational if you're struggling with achieving your goals at this point or if you've been facing some tough times. Jerremy is the man. He is super high in energy and he went through a lot, which is exactly what he shared in this interview. I’m almost 100 percent sure you’ll like this. Topics Covered In This Episode Who Jerremy is and what’s going on in his life [1:21] How Jerremy made the decision to start trading and how he started to learn [3:22] How trading is one of the easiest things you can do but it’s also difficult [12:44] How he moved from the simple stuff and create a system of rules [13:58] A point in Jerremy’s life where he realized trading was not too exciting as it appeared to be [16:41] Hard times in trading and hitting rock bottom, and how Jerremy got back up [18:58] What kept Jerremy pushing [24:38] How Jerremy changed his mindset [27:34] How Jerremy stays motivated every day to keep going [29:55] What the sensible approach to follow with only a few hundred dollars to trade is [33:21] What keeps Jerremy out of the bad trade [40:40] Thoughts on trading crypto currencies [41:56] Motivation and making reading books a priority [43:31] Picking a book and applying it to your life [46:44] His advice for people with money [53:30] And many more! Resources Mentioned 13 Steps That Will Make You A More Profitable Swing Trader: " data-userid="424314218286923776" data-orgid= "425292844702527488">Wealth Summit 13 Steps That Will Make You A More Profitable Swing Trader: " data-userid="424314218286923776" data-orgid="425292844702527488">13 Steps That Will Make You A More Profitable Swing Trader  Trade Navigator TradingView Tony Robbins’ Unleash the Power Within Money And The Meaning of Life by Jacob Needleman   You Are A Badass At Making Money by Jen Sincero   MONEY Master the Game by Tony Robbins   Sell Or Be Sold by Grant Cardone   The Straight Line System by Jordan Belfort   Be Obsessed Or Be Average by Grant Cardone   Winning The Rat Race Without Becoming A Rat by Dr. Kevin Leman   Tools of Titans by Tim Ferriss Think and Grow Rich by Napoleon Hill  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Jerremy Newsome? Email: [email protected] Real Life Trading Youtube LinkedIn Twitter Facebook 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!

How To Choose The Best Forex Broker (with the new rules) In episode 151 of the Desire To Trade Podcast, I am joined by Trent Hoerr to discuss how to choose the best forex broker. We discuss how to choose a broker for U.S. residents. In addition, we cover new regulations in the U.K. for Forex traders & brokers. Trent is a financial market professional with global experience. He believes in honesty and hard work, which in my opinion are the staples of good business. Hard work will see tasks and objectives through, while honesty is the staple of long-term relationships. These two practices have allowed Trent to achieve success as a runner, commodities trader, and a broker. Trent Hoerr was also featured in episode 29 of the podcast on choosing your Forex broker. He works for Forest Park FX... With an experienced staff of industry professionals, Forest Park FX specializes in creating custom FX brokerage and trading solutions for retail traders, service providers, institutional traders, money managers and hedge funds. Forest Park FX offers a wide variety of value-adding services, including market access through the world's top Forex brokers, cash back rebates for retail traders, built-to-specification trading algorithms, administrative and operational support for money managers and customized liquidity for hedge funds and high volume traders. I decided to bring back Trent on the show as he's one of the most knowledgeable persons I know to discuss Forex brokers. With the new regulations being applied in Europe (July 2018) and other brokers stopping their services to Canadian residents, I thought it would be great to get a new perspective on how to choose the best Forex broker again if you've been impacted by these recent events. Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Pick Your Forex Broker: Interactive Map from Forest Park FX  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Trent Hoerr? Forest Park FX LinkedIn Twitter 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!

How To Trade Forex Like The Banks In episode 150 of the Desire To Trade Podcast, I interview Forex trader Tony Sycamore on how to trade Forex like the banks. This week’s episode is a follow-up to a first episode I recorded a few months ago (in episode 103). After his career as an institutional trader, he moved on to trade for himself and is now getting some partnership with different companies. In this podcast, Tony shares how people trade in banks. If you've been wondering what kind of things people look at institutional traders, Tony is the perfect person to answer that. What I really like about Tony is the fact that he has a whole process when he looks at trades and he goes through a series of steps including looking at the big picture and looking at the context in which he’s going to trade. That’s something I think everyone should apply. I personally got, once again, a lot of value from this interview and I’m sure you’ll do the same.  Topics Covered In This Episode Who Tony is and what he does [2:18] Tony’s trading style [5:17] What other things Tony looks at in terms of candlesticks [8:19] Changes or things that Tony does differently since going from trading in big institutions [11:33] Having three positions or dividing into parts [17:54] Minimizing your risk [22:15] Tony’s routine and what he does on a daily basis [23:29] Specific stories Tony looks at [23:29] Having the right resources and using it [29:15] Technical analysis and where the value is in trades [35:07] Overall situations or issues that Tony trades on [37:01] Tony’s Technical Analysis Report [39:19] Putting stop-losses and profit targets [42:17] Resources Mentioned PRO: Sign Up To Tony Sycamore's Technical Reports TradingView City Index Larry Williams (Trader)  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)  How To Find Tony Sycamore? TechFxTraders Facebook Twitter LinkedIn 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!

Price Action & Profitable Trading Strategies In episode 149 of the Desire To Trade Podcast, I interview Rolf and Moritz, both of the co-founders of Tradeciety and Edgewonk. While Moritz has been a few times with me on the podcast and on YouTube to talk about different topics, this is the first time for me to interview Rolf, to get a little bit into both what they do and kind of how they deal with things. In this podcast, we cover topics more in depth, we go more into the lessons they’ve learned and it kind of builds a story on through how people evolve in their trading. Both of them share some great knowledge into this interview. You’ll be able to find out what they work on, what kind of strategies they use, what habits they implement, and what helps them achieve the level of a successful trader. As you know I’ve been recommending Edgewonk a few times in the past, the trading journal that they are both co-founders of.   Topics Covered In This Episode Who Rolf and Moritz are [1:54] Moritz going into swing trading and the process he went through to do that [3:27] Rolf’s trading style and strategies [4:56] The indicators they use and the best one to use [7:00]   The importance of having a trading journal and what lessons they learned [9:19]   How often they go back in their journal and look at the trades [11:38]   Price action as a winning strategy and how they apply it [12:21]   The process from manual trading and putting it on a script or starting from scratch [14:07]   The process for someone wanting to start and looking at a chart [14:17]   Their thoughts on taking partial profit along the way [15:20]   Advantages of having multiple brokers [18:48]   How they find fulfillment in trading [20:28]   The difference between traveling and trading versus having an office and an apartment where you live [23:06]   How come there are not that many female traders [25:30]   How their normal day looks like trading [26:25]   How they keep their fears and emotions out when trading during the day [28:11]   How they make sure they’re not affected by the losing trades on a bad day [29:25]   What their worst and best days of trading are like [31:03] Using a demo account and losing capital before going into a live account [32:48] Stock trading versus Forex trading [34:08]   Trading “exotics” [36:17]   What their first trading journal was like [39:21]   The top 3 or 5 things to try in a journal [40:08]   Better times in a day trade Forex [41:35]   Trading with the daily charts [42:21]   Placing trades after the “open” [43:59]   How many positions they place in a day [44:16]   Logging their trades in Edgewonk [47:34]   What moving average they are using or their favorite [48:01]   Resources Mentioned Tradeciety   Edgewonk   YouTube Channel: Edgewonk, Tradeciety The Pomodoro Technique   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   How To Find Moritz & Rolf? Tradeciety Facebook Twitter Email   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!

Stocks Trader Routines & Strategies To Get Wealthy In episode 148 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading in the US. I interviewed him a few episodes back (Episode 113) but today we go more in detail into what he trades, the strategies and also the routine he follows on a daily basis. In this podcast, one topic we touch on in this interview which I think we never talked about before, is what does it take to become wealthy from trading. This is major because you cannot just trade day to day and become a wealthy trader. The definition of being wealthy, as Jeremy says, is “being able to make money while you sleep” -- and that won’t happen with trading most of the time. SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE!   Topics Covered In This Episode Who Jerremy is and what he does [2:23] What are Jerremy’s routines, things he does on a daily basis, things that make him a better trader and the strategies behind them [3:55] Why Jerremy looks at volume and what he wants to see [6:40] How he looks at a daily/weekly chart and 500 chart [12:58] Why Jerremy sells on a bullish volume [15:25] How Jerremy profits on the different scenarios [16:42] Building wealth and investing part of it to trade [21:50] How Jerremy manages when he travels to a different place [23:15] How Jerremy works when he’s trading [27:18] Entering one or multiple trades at a time [29:03] How volume is more important for upward breakout than downward breakdown [31:37] Jerremy’s open house trading room at Real Life Trading [35:56] Biggest pitfalls traders make [38:08] Separating his long-term stuff as opposed to short-term, having different trading accounts [40:49] Things to do to become a profitable trader if you’re just starting from scratch [43:52] Pros and cons of focusing on the stock market in your country [49:04] Jerremy’s advice for people trading [54:30] And many more! Resources Mentioned Book: Tony Robbins’ Awaken The Giant Within Book: Tony Robbins’ Unleash the Power Within   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program)   How To Find Jerremy? Email: [email protected] Real Life Trading Youtube LinkedIn Twitter Facebook   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!

How Much Money Do You Need To Trade Forex For A Living In episode 147 of the Desire To Trade Podcast, we're talking money! The question is, how much money do you need to trade Forex? This short episode is a compilation of advice from traders I’ve interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. Most importantly, this advice should be used to level up your standards. It's crucial to set the right goals in order to achieve your desired outcome. That's what this compilation titled "How Much Money Do You Need To Trade Forex For A Living" will help you achieve. Subscribe on Youtube! Watch the motivational video! SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE! Interviews Used For This Episode 4:47 Richard Weissman – Trade Like A Casino 6:29 Steve Patterson – Top Trader Sharing His Secrets For Managing Money 9:12 Steve Burns - Mission To Help New Traders 10:09 Nenad Kerkez - Trading Small Accounts 11:40 Houston Truong - Insightful Full-Time Retail Trader DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Master Swing Trading Full-Time Or With A Job In episode 146 of the Desire To Trade Podcast, I interview day & swing trader Paul Singh who’s from San Diego. You can go back and listen to Episode 118 where Paul tells a very interesting story where he made the transition from part-time to full-time trading. He talked exactly about how he did it. In today’s podcast, we are going a bit more into his swing trading practices. In addition to mastering swing trading, Paul decided to jump into day trading at some point after going full-time to spend as many activities while running and being responsible for swing trading at Bulls on Wall Street. He has been able to help a lot of traders understand swing trading and do things right which means he’s doing the research beforehand, getting into the market with the proper mindset and executing properly, which is exactly what he shares about in this interview.   Topics Covered In This Episode Who Paul is, what he does, and how he has been trading [2:07] How day trading is different from swing trading [4:10] Paul’s set-up for swing trading [8:12] Instances when Paul cuts his trade short [15:07] What Paul specifically looks at when buying a pullback [16:33] Signs Paul looks at when he’s getting pullbacks [20:30] Paul’s trading and non-trading habits that support his trading [22:12] What a typical day of a trader having a full-time job is [26:59] Doing the prep work for trading [28:48] Trading stocks versus trading forex [30:05] Longer-term trading [33:13] Paul’s view on leverage [36:31] Dealing with few days of big losses in his account [38:01] Books Paul recommends [41:06] Starting point and choosing profit targets [45:52] Favorite EMAs and tools Paul uses [48:26] How Paul “experiments” [49:35] Resources Mentioned Article: Part-Time Trading Made Easy - Bulls on Wall Street  Book: Trading in the Zone Book: Trading Mindset Book: The Obstacle Is the Way  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Paul Singh? Swing Trading Alerts at Bullsonwallstreet.com Blog: Pauljsingh.com Part-time trading series: 30 Days to Master Part-Time Swing Trading Email: [email protected] 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!

Forex Trader Motivation / Compilation From Top Traders Around The World In episode 145 of the Desire To Trade Podcast, I'm doing things a little different! A Forex trader motivation episode! yeah! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. Subscribe on Youtube :) Watch the motivational video! Interviews Used For This Episode   1:33 Andrew Menaker - https://youtu.be/ZgIGie8shcg 1:51 Patrick James - https://youtu.be/nxwCW3ZeMmU 2:02 Rayner Teo - https://youtu.be/fDWwUhP28ws 2:41 Paul Wallace - https://youtu.be/g0RgUF8sj6o 3:10 Jason Graystone - https://youtu.be/nMCEeFN-ZUg 4:49 Dave Floyd - https://youtu.be/GTHrc6M4j-c 6:59 Michael Toma - https://youtu.be/SjabzsJ9tgs 8:06 Barry Burns - https://youtu.be/IU9RThr8P5g 10:33 Brent Penfold - https://youtu.be/iAvBbBvth0Q   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Day In The Life Of A Forex Trader To Achieve Your Goals In episode 144 of the Desire To Trade Podcast, I discuss with full-time day trader & trading coach Mandi Pour Rafsendjani about productivity, money mindset, and how to make the most of your time if you want to get to full-time trading while having a full-time job. We discussed trading psychology, covering much of the aspects you need to be able to trade full-time and to have the right psychology and the right mindset. Topics Covered In This Episode How to experience freedom in your life [3:35] How to organize your life, set goals and put categories underneath [6:43] The different steps to take to reach your goal in trading [12:29] Working on your mindset particularly in financial challenges [14:25] Solutions for people to deal with money [18:33] Doing trading while working a full-time job [20:52] Dealing with news releases [24:49] Actually sticking to a plan [26:15] Doing what needs to be done to achieve the goal [32:17] Resources Mentioned Mandi’s NEW Fierce 10 Program DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Order Flow Forex Trading & Price Action In episode 143 of the Desire To Trade Podcast, I interview pro trader Chris Capre from the US. He is also the founder of 2ndSkiesForex and a soon-to-be new trading venture. In this podcast, Chris went a little bit more in detail on his professional methods and most specifically how he uses order flow in trading. He also shows his approaches and methods through charts/graphs in this episode. Topics Covered In This Episode Who Chris is, what he does, and background on his trading [1:47] Chris' trading style, price action, and order flow [5:13] How to read and understand order flow [11:24] What Chris looks at in the model [19:38] The challenges and not getting overwhelmed with the data [24:24] The best way to look at the chart [28:33] Bullish and bearish candlestick patterns [30:42] The timeframe to consider [34:29] How Chris uses or integrates news and fundamental data or sentiment into price action [36:48] Chris' goals for profit per month and how he measures it [40:12] How Chris sets targets and risk parameters [42:59] How Chris uses indicators [45:16] Ichimoku Cloud and the ways to trade it [45:42] Chris' Price Action Course [50:42] Chris' techniques for withdrawals in your account and equity management [53:04] Chris' advice for people [58:15] Resources Mentioned Chris Capre's Advanced Price Action Course (Use promo code EC15OFF to get 15% off the course.)   DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Chris Capre? Website: 2ndSkiesForex.com Twitter: @2ndSkiesForex 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!

How To Trade Fundamental Analysis In Forex In episode 142 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino in London. I met up with him specifically to discuss more in-depth the topic of crypto trading. Being a Forex trader first, Nick started to apply his price action knowledge into the crypto trading world and is currently developing price action strategies mainly for Bitcoin. Watch the video interview! Previous Interview with Nick Bencino: Trading Price Action With Support And Resistance Topics Covered In This Episode Nick Bencino's trading style & entry into crypto trading [2:30] How Nick adapted his trading style to cryptocurrencies [5:54] How Nick developed his crypto trading strategy & picked timeframes to trade [8:20] Which cryptocurrencies are worth trading (due to correlations) [11:54] The technicalities of crypto trading (platform, broker, etc.)[14:18] Should you look at trading Bitcoin both ways? [18:05] How Nick Bencino analyzes candlesticks in the market [19:40] How Nick manages risk in crypto trading [25:50] The usefulness of a checklist in Forex & crypto trading [28:35] Is looking at volume useful for the Forex and crypto markets [30:12] The management of losing streaks (great advice) [32:22] The role of patience and how to develop it [38:22] The average monthly return of Forex and crypto trading [44:15] The best way to learn to trade successfully [47:19] A day in the life of Nick Bencino & his exact trading times [50:40] Nick's controversial opinion on trading signals [53:15] The principle of adding to your trades as they go in your favor [54:10] How Nick adjusts his support and resistance areas [57:45] And much more! Resources Mentioned Trade Journaling: Edgewonk Chart Platform: TradingView Book: Discipline Equals Freedom DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Nick Bencino? Forex4Noobs Cryptos4Noobs Twitter @cryptos4noobs 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!

How To Trade Fundamental Analysis In Forex In episode 141 of the Desire To Trade Podcast, I interview full-time trader and podcaster Brandon Turner from Two Blokes Trading. From his desk in Toronto, he was able to offer his knowledge on trading fundamentals. Brandon is primarily a fundamental trader who looks at Forex and he went through all the steps, all the things that has to be looked at before starting a Forex trade. In this podcast, Brandon talks about whether you want to trade with the news or you want to look at the fundamental trade before entering a trade, what are the things you need to know and the fundamentals of trading. Topics Covered In This Episode Who he is, what he’s doing, and a little bit about his trading [2:26] How he taught himself fundamentals and sentiment [8:36] His trading style and what he’s looking for in the market [9:54] How he responds to fundamentals and sentiment seen on chart to trade better [12:26] What and how people react to fundamental events [16:45] What his daily routine looks like to be able to get that sentiment or picture of the market [18:11] How he interprets and the resources he uses [22:04] Where you can find the main areas that the Central Bank is focusing on [23:15] How often he is right on what he thinks is going to happen with the trades [25:19] How he places stop-loss and risk management [28:59] Other sentiments or fundamental tools that he uses apart from the news [30:50] TV channels he looks at [33:28] How the news affects his trade [34:10] His advice for people in trading [35:45] Resources Mentioned RANsquawk ForexLive X Open Hub DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Brandon Turner? TwoBlokesTrading.com Twitter: @BrandonTurnerFX 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!

How To Get Capital To Trade (the easy way) In episode 140 of the Desire To Trade Podcast, I interview Jack Schwager, fund manager and well-known author of Market Wizards. He has been most recently working on a platform (FundSeeder) that links traders and investors so they can get capital and that an investor can get a talented trader to manage their money. In this podcast, Jack shares a lot of good insights in this interview and shows you exactly what you need to do if you’re aspiring to trade. He’s going to show you pretty much 75% or more of everything involved and that you almost automatically end up trading for people if you do things right. We explore the topic of how to get capital for trading and the quite simple steps that you need to take to start trading. Topics Covered In This Episode What he’s doing now and in the past, and how that transitioned to what he’s doing now [1:43] How he wrote his book ‘Market Wizards’ and the things he went through [3:04] The different steps people go through to become successful [5:16]  The role of trading and how he sees it in his life [6:36]   If it is normal for traders to have some negative years of return [10:16]   How people can get back from ‘losing’ years [11:16]   How some traders completely change strategies like Martin Schwartz [14:41]   The acceptable maximum drawdown [17:24]   What FundSeeder is about and how he came to start funding it [19:20]   The proper risk-to-reward ratio measures to use [26:29]   The Sortino ratio [31:35]   What you need to be able to trade for investors and other people [31:59]   How relations are a big deal [35:47]   What type of track record you need to be able to get capital [36:18]   How the process works once you will be able to trade for other people and linking your account to FundSeeder [37:54]   Signing up for FundSeeder if you have a small account of less than $10,000 [43:51]   If you’re able to have multiple accounts to your name [47:05]   Day trade or swing trade and how it doesn’t make any difference [47:59]   Trading accounts from a Forex trader and stock trader [49:30]   The Accelerator Program on FundSeeder [50:39] When you’ll know when a chart is broken [54:25] Resources Mentioned Book: Market Wizards   FundSeeder FundSeeder Accelerator Program DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Jack Schwager? FundSeeder email: [email protected] 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!

How To Succeed At Trading For A Living In episode 138 of the Desire To Trade Podcast, I interview full-time trader Moritz Czubatinski exploring the topic of how to succeed at trading for a living. Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf. Moritz has lived in Asia for 7 years and moved back to Germany to run his businesses. He has also been a day trader and is right now transitioning to swing trading and position trading. In this podcast, Moritz talks a little bit more about his tactics and some of the uncommon ways that are used to become a profitable trader and to continue growing.  Topics Covered In This Episode What he’s doing in Europe these days [2:50] Living in Asia and trading or working while there [3:58 His favorite trading and non-trading books [5:10] What helped him most to become a profitable trader and trade full-time [6:50] What needs to be on your to-do list if you’re a beginning trader [8:57] How he became profitable and the things he did [10:38] His review process [12:53] What he will tell people to do when everything seems to go wrong [14:20] Thinking in terms of time [16:27] Transitioning from day trading to swing trading [18:31] His best tip for people who don’t have a strategy [19:54] How he handles drawdown [22:30] What his ideal setup is [24:02] Trading with single or many strategies/systems [26:07] Using volume in stocks [29:08] His productivity techniques [30:10] Scheduling his trading time [32:43] His entry system and recommended timeframe for new or aspiring traders [34:39] Studying to become better [35:47] Things that he keeps doing to move forward [37:13] Accounts he started with [40:20] What people have to learn about [41:34] Scenario optimizer/tester in Edgewonk and other features [43:56] His educational background [48:56] Best and worst parts of the forex trader lifestyle [50:02] His thoughts on hedging [50:51] Different job fields one can take in trading [53:19] Resources Mentioned Trade Journaling: Edgewonk Book: Technical Analysis of Stock Trends by Robert Edwards & John Magee Book: Atlas Shrugged by Ayn Rand Book: Portfolio Selection by Harry Markowitz Book: The Evaluation and Optimization of Trading Strategies by Robert Pardo DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Moritz Czubatinski? Tradeciety Facebook Twitter Email 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!

Trading Success Tactics From An Investment Manager In episode 137 of the Desire To Trade Podcast, I interview investment manager James Whelan. He shares some very important trading success tactics few people ever talk about. What's great about the tactics pointed out by James is that you'll be able to apply them whether you're a retail trader or a professional one. James currently works for VFS Group, who provides holistic and targeted professional investment advice to Private Clients. He shared some of what his role as an investment manager involves in addition to trading. One thing that is to take-away: relationships are big in the trading industry and can easily make the difference. Topics Covered In This Episode James Whelan introduces himself 2:00 How James first got involved in trading 4:00 How James Whelan started to practice trading for success 5:30 What profitable traders should do and focus on 7:45 The difference between trading for yourself and for an institution 10:18 How big institutions protect their capital 12:00 James Whelan's trading style & how he manages it 14:18 How to align with what big institutions are doing 18:28 How to keep a great mindset with everything that happens 24:25 Best tips to trade in the right mindset 26:30 And much more... DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find James Whelan? VFS Group Twitter LinkedIn 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!

Master Forex Trading: Learn How To Manage Your Time In episode 136 of the Desire To Trade Podcast, I discuss with Mandi Pour Rasfendjani an uncommon technique to master Forex trading. I've got to discover over the years that the best way to master anything is to learn how to master your time. That's what we're talking about in this episode. I get a lot of people reaching out saying they're "too busy". The truth is, we all have the same 24 hours. You've got the same number of seconds each day as Oprah Winfrey, Steve Jobs, Bill Gates, etc. No more no less. What you do with your time ultimately determines who you are... That's why we're diving in the topic this week! Resources Mentioned FREE: Forex Trader's Time Blocking Guide DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

From A Lucrative Job To Professional Trader And Fund Manager In episode 135 of the Desire To Trade Podcast, I sit down in Hong Kong with professional trader, fund manager, author, and educator Ray Barros. A lawyer by profession and training, Ray gave up his lucrative law practice in the 1980s to focus on his first love – trading. His initial attempts at trading failed miserably and he suffered heavy losses. But, after making all the mistakes in a trader’s manual and then some, Ray finally hit on a trading approach that gives him the market edge. This approach has proven effective in both trending and congested markets, allowing him to trade profitably and consistently. Thereafter, he was highly sought after by major banks to manage their funds. At the same time, he was also very much sought after as a trainer to train other institutional traders based on the strategies and techniques he developed. In the early 1990s, he became an outsourced FX Trader and this gave him the flexibility to focus his next great passion – teaching. Topics Covered In This Episode A quick introdton about Ray Barros 0:22 How Ray Barros first got involved in trading 1:05 How Ray recovered from blowing up an account 2:40 The best way to improve in trading & learn what the market does 4:21 How to create a proper trading plan 5:45 How Ray Barros started to manage funds 8:00 What Ray thinks of a $100,000 account (and up) 9:30 How to get capital to trade (when you're profitable) 11:10 How to know if a fund is a scam or not 12:23 Chris asks: do you need to show a track record to investors?13:47 Should you keep your losing period on your track record 15:52 How Ray Barros handles drawdowns (BIG lesson!) 17:13 How Ray managed to keep his investors over time 19:00 Kimo asks: what's your approach to the market? 23:00 Taking partial profits or moving stops with discretion 25:38 How Ray manages professional trading & running a fund 29:35 What timeframe Ray Barros focuses on and when 31:15 How to scale up your trade size 33:12 How much to risk per trade (rule of thumb) 34:20 How to build up your account size 35:20 Why Ray Barros applies the same process to all markets 37:50 Advice to start in discretionary trading 38:27 Ray's maximum drawdown rule 39:50 What traders do wrong these days 41:00 Why trading is the hardest job in the world 42:50 Why Ray Barros meditates 46:34 Resources Mentioned Trade Journaling: Edgewonk Book: The Nature Of Trends (by Ray Barros) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Ray Barros? Trading Success Twitter 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!

Currency Trader Interview (Living In Paradise) In episode 134 of the Desire To Trade Podcast, I am sitting down for an in-person currency trader interview with daily chart trader Jim Brown. Living in Da Nang, Vietnam for over 2 years now, Jim has developed a methodology using technical indicators to trade roughly 60 currency pairs on a fairly high timeframe - the daily chart. This trading methodology allows him to reduce his screen time to less than an hour a day, and thus enjoy the beautiful beaches Vietnam has to offer. This currency trader interview covers topics such as how to maximize your lifestyle as a trader, tips for trading the daily charts, how to trade multiple currency pairs, and more! Watch the video interview! Topics Covered In This Episode What Jim Brown is up to 2:30 A day in the life of a daily chart Forex trader 3:50 How Jim is able to follow 60 currency pairs 6:30 How Jim decides what currency pairs to follow 7:55 The process of creating custom indicators 12:40 How Jim Brown tested his trading strategies 16:00 What’s the cost of living in Da Nang, Vietnam as a Forex trader 22:25 How Jim handles drawdowns 24:00 The common mistakes people make in applying Jim’s strategies (interesting statistics) 26:30 What to do after a losing day on tight stop losses 38:30 Jim’s daily average screen time 32:05 How Jim managed to trade with a full-time job in the past 35:15 How long Jim’s daily chart trades remain open on average 39:15 And much more… Resources Mentioned Backtesting Software: Forex Tester 3 Backtesting Expert Advisor for MT4: SoftFx Simulator Grab Jim Brown's books w/ free indicators DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Jim Brown? JagFx Facebook Group Twitter Email 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!

Algorithmic Trading Strategies (Moving To Automation) In episode 133 of the Desire To Trade Podcast, I interview Matt DeLong, an algorithmic trader & business owner to discuss the process of moving to automation. Over time, Matt went from being a manual day trader to making returns in the market through the use of algorithmic trading strategies. While I find interest in the topic of algorithmic trading, I find a lot of value in speaking with people who are in-the-action and executing on their ideas. That's primarily why I wanted to bring Matt on the show! Watch the video interview! Topics Covered In This Episode How Matt was trading prior to building algorithmic trading strategies 2:38 When Matt decided to go from manual to automated trading 6:00 The steps before starting to trade live with algorithms 8:02 How to avoid curve-fitting the strategy to past data 11:40 What to look for in a trading strategy programmer 13:27 How to use risk in your favor 16:53 The plan with Matt's hedge fund business 20:40 How to use things like S/R areas in algorithmic trading 24:23 How to handle major events in the market 26:57 What Matt does if a strategy hits the max drawdown 28:57 How Matt plans to find investors for his fund 30:14 The required equipment as an algorithmic trader 32:30 How often Matt looks at his past trades 37:00 Essential risk management rules 38:10 Resources Mentioned Recommended Udemy Course: Build Your Trading Robot EA Lab by TradeView Matt's charts: TradingView Financial website: Finviz DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Matt DeLong? Parabolic Capital Quora TradingView Twitter Email 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!