Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

Raghee Horner: Forex On 5 Hours A Week For Maximum Profit In episode 74 of the Desire To Trade Podcast, I interview Raghee Horner, a Forex trader who specializes in intraday trading and has helped a lot of people simplify their trading. Raghee has gained a lot of experience through nearly 30 years in the market. She has gone from futures and stocks trading before finally getting in the Forex market. She is of the opinion that a trader is, before all, an entrepreneur. That is a very important distinction because there are still things that must be done outside of placing trades to survive in this industry. For this new year, I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Ask yourself: do I really want to be a day trader? If so, go for it! - @ragheehorner A trader is an entrepreneur. - @ragheehorner Keep it simple...(the best trading advice)- @ragheehorner In This Episode, You'll Learn… How Raghee went from knowing nothing about Forex to trading Forex full-time. How to deal with the transition from the London to New York session. The tools Raghee uses to trade. Why it's crucial to know when your strategy works – and how to do it. The simple question you can ask yourself to figure out when to trade. How Raghee sees day trading in comparison to swing trading. The 2 biggest mistakes Raghee sees her students make. How to use self-awareness in trading And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Raghee Horner's Books Thirty Days of FOREX Trading: Trades, Tactics, and Techniques ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street Forex on Five Hours a Week: How to Make Money Trading on Your Own Time DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Raghee Horner? Simpler Trading RagheeHorner.com Twitter Youtube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

In this Q&A episode, I discuss the process of making your trading strategy better and I also do a review of my trading year. The Trading Year In Review It is very important for any trader to look back at the year that went by to evaluate things that went well and things that didn't go very well. Personally, I'm proud of the capital I've been able to collect in 2016 through a few investors. However, I'm not particularly happy with how I handled my July 2016 drawdown. On the positive side, I see this drawdown as a great learning opportunity. Making Your Trading Strategy Better Personally, every strategy I currently trade is composed of 4 parts: Market phase Support/Resistance areas Price action (including but not limited to candlesticks) Indicator All those factors, when combined, create confluence. Making your trading strategy better involves looking at the 4 parts mentioned above and adding criteria to limit yourself to trading higher quality trades. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. Questions Answered: How can I improve my strategies? I trade with the 8 EMA and buy/sell when the price crosses it. What do you think of that? What's the best amount of leverage to use? What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Michael Toma: Master In Risk Management & Futures Trader Episode 73 of the Desire To Trade Podcast is starting off the year strongly! I'm planning on bringing you the best trading-related podcast that gives results. Still, as part of the Holiday special, I'm interviewing for the second time Michael Toma. I selected guests that had made an impact on me throughout the year and Michael was definitely one of them. In short, Michael Toma is a futures trader and I consider him to be a master when it comes to risk management (although that's a wide topic) >> Listen to the first episode with Michael Toma I've had the chance to connect with him in person once and Michael always impresses me by the wisdom he has when it comes to the execution part of trading. As a futures trader, he understood that he didn't need to be active in every market to make money but that he did need to leave his trades run if he wanted to pay for his lifestyle. For this new year, I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. In This Episode, You'll Learn... A simple and clear definition of your role as a Forex trader. How to identify what you need to work on as a trader. Trading on-the-go and the importance of simplicity. How to use Market Profile in your trading (that's a really interesting part!) The places where Michael sees most traders fall short. Why it is essential (but weird) to scale up by increments when you trade. Michael and I share both of our experiences. The BEST advice Michael has to give in regards to 2017. That starts off the year really strong! And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Michael Toma's Book The Risk of Trading: Mastering the Most Important Element in Financial Speculation Resources Mentioned Market Profile DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Michael Toma? Facebook About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Chris Claflin: Multiple Market Trader Episode 72 of the Desire To Trade Podcast is part of the Holiday special, during which I'm bringing back guests I've had previously on the podcast. I selected guests that had made an impact on me throughout the year. In this episode, I interview Chris Claflin, a multiple market trader, who is currently involved in futures and Forex. >> Listen to the first episode with Chris Claflin Chris started being more involved in the Forex market during the past few months. That makes him a multiple market trader. Throughout this interview, he shared his 5 keys to successful trading. Those apply in any market. In addition, we discussed some of the techniques Chris uses to trade on more than 1 market. The goal is to make trading multiple markets not too confusing. Patience is also a topic we dive onto as many traders I talk with are finding it difficult to remain patient and accept that successful trading takes time & effort. Share This! [bctt tweet="When you see the market as risk, reward, and money, it gets much less confusing." username="DesireToTrade"] In This Episode, You'll Learn... Why Chris started to trade currencies. Specific trading routines that give results. Chris' 5 key for successful trading & how traders fail at not following them. How being patient can help you. Managing your risk in trading (the proper way). Chris' challenge to make $1M before 30 and the reasoning behind it. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Chris Claflin? The Market Secrets Instagram About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

In this Q&A episode, I discuss the idea of relying on luck to make money as a trader. This is obviously a bad way to go about things even though several struggling hope their trades will work out without defining a process or a system. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. Removing Luck & Simple Ways To Win In The Forex Market Once you've removed luck from your trading, do not fall into the trap of adding an unlimited amount of variables to your trading strategy. A lot of traders think they must find the perfect way to make money in the market... That is not your job. You and I, as Forex traders, need to make our plan as simple as possible. That is the primary reason why I use a One-Page Trading Plan. In my opinion, there's no need to look at other markets to confirm a trade you're about to place. In addition, if you are a technical trader, you do not need to spend hours trying to interpret the news in the Forex market. If you want to trade multiple timeframes, do not make the mistake of looking for trades on all time frames at all times. That's not the way it works. I explain how I do multiple timeframe analysis in this podcast episode. What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Houston Truong: Holiday Special with A Full-Time Retail Trader Episode 71 of the Desire To Trade Podcast is part of the Holiday special, during which I'm bringing back guests I've had previously on the podcast. I selected guests that have made an impact on me throughout the year. In this episode, I interview Houston Truong, a full-time retail trader who, in the past year, left his job to concentrate only on his activities as a stocks trader. Houston has made an immense impact on me. He was the one who inspired me to start the Desire To Trade Podcast in September 2015. He also taught me a lot about routines, mindset, and peak performance. >> Listen to the first episode with Houston Truong I currently co-host the Montreal Traders Meetup with him, through which we set up in-person events for traders monthly. In this interview, Houston and I went back to reflect on the year, the one in which Houston left his job. We also discussed how someone has to go about leaving his job to trade full-time. Houston is particularly concerned about the topic of continuous learning. Unfortunately, we've seen many traders who become consistent, and then stop learning forever. That is not a very wise way to go about it. Instead, traders from all ranges of experience should keep feeding their minds with useful information to keep growing. It is a fact that markets change, and that makes it necessary for traders to adapt. Share This! @RealTradingEdge is back on the @DesireToTrade Podcast for a Holiday special! CLICK TO TWEET Knowledge shouldn't be an end. Prioritize skills over knowledge. @RealTradingEdge CLICK TO TWEET In This Episode, You'll Learn… The things Houston has been doing in the past year. How to set up a trading office & the benefits. The steps Houston took to leave his job. How to continually challenge yourself. How to build competence as a trader. Why it's essential to keep learning & how to do it. What's the special Holiday giveaway Houston organizes (exclusive for the Desire To Trade Podcast!). And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Holiday Giveaway (until Jan. 2nd, 2017)! Sign up for the giveaway (it's free!) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Houston Truong? The Trading Edge Facebook Twitter About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

In this Q&A episode, I discuss the 5 things I believe all traders must know before starting to trade Forex. Those 5 keys to trading are summarized below. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. 5 Things You Must Know Before Starting To Trade Forex I wanted to share those 5 things you must know as they are often overlooked. Looking back at my trading, those are things that would have helped me without a doubt. #1: Track Every Single Trade If you do not track, you have no way to go back and find ways to trade better. That is the reason why I recommend you start tracking every single one of your trade from now on (no matter what). If you take bad trades, track them. If you take trades that do not respect your plan, track them. And obviously, do not stop to track when things are going well. And obviously, do not stop to track when things are going well. Keep it going! #2: Trading Is A Game Of Probability It's not because you read about a strategy and implement it flawlessly that you will see success. It is well-known by most experienced traders that any trading strategy goes through a period of consecutive losses. At that point, you need to remind yourself that trading is a game of probability. That being said, you can have a general idea of the win rate your strategy is expected to have, but you can never know how many losses you'll have to go through before you reach the win rate you expected from the start. #3: Trading Comes Down To 3 Simple Types Of Trades No need to complicate trading. Most often, when traders feel overwhelmed, it is due to the fact that they try trading everything at the wrong time. By focusing on understanding the types of trades, and then selecting one you'll learn to trade, you will be able to bring back a great chunk of the simplicity that surrounds Forex trading. Successful currency trading, after all, is about focusing on certain types of trades, and placing the odds in your favor (see #2). #4: Testing Builds Confidence The only way to build confidence as a trader is to see results. Those results can either come from a live trading account or from testing. The ladder is much less stressful, so I recommend you focus on testing before you ever put real money in a trading account. The more you look at charts containing examples of your trading setup, the more familiar you get with your setup. You no longer worry about whether your trading strategy works or not because you've seen more than enough trade examples. Testing definitely builds confidence. If you do not feel confident about your trading strategy, you haven't done enough testing. #5: The More You Automate, The Easier It Gets You do not need to create an algorithmic trading system that will replace you, but you absolutely need to understand the importance of creating successful trading habits. Those are things you do every time without thinking because you have created a routine. Good examples of automation could be: Placing a stop loss when you enter a trade Review your trades every Sunday Look at the news prior to entering a trade And much more... The way you want to go about creating habits is to do the action several times until you no longer have to think. You might want to start by placing a reminder on your screen until you no longer need the reminder. That has been a wonderful trick for me! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy (lifetime membership promo until Dec. 18th 2016!) About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Moritz Czubatinski: A Successful Trader Traveling Around The World In episode 70 of the Desire To Trade Podcast, I interview Moritz Czubatinski, a Forex and futures trader currently living in Hong Kong. What I find really interesting about Moritz is that he has been able to travel the world while trading. That is definitely one of my personal goals (I'll keep you updated!). Interestingly enough, Moritz transitioned from his career as a professional Poker player to a full-time trader traveling the world. However, he had to go through an office job in Beijing in-between. He is also the founder of the blog Tradeciety along with Rolf. Moritz places a particular emphasis on trading journals. For him, having a journal is essential to successful trading. In fact, "I've never seen a profitable trader without a trading journal.', he says. It is for that reason that Moritz created Edgewonk, a trading journal software. Share This! I've never seen a profitable trader without a trading journal. - @tradecietymc CLICK TO TWEET Motivation comes from doing. - @tradecietymc CLICK TO TWEET In This Episode, You'll Learn... How Moritz started to trade Forex and futures. How he transitioned from playing Poker to trading full-time. How the futures market differs from Forex. What's the easiest way to trade while traveling How Moritz left his job to trade The best single piece of advice you need to live from trading The things Moritz has to put in place to see trading results faster Moritz uses a "Sirtfood Diet". Learn more here! Everything you need to learn about trading journals And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Trading Journal: Edgewonk: Your Professional Trading Journal DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Moritz? Tradeciety Edgewonk: Your Professional Trading Journal Facebook Twitter Instagram Youtube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Day Trading Forex: How To Stop Impulsive Trades Before They Occur In this Q&A #7, I discuss the topic of impulsive trading, especially for people who are day trading Forex. In addition, I go through the 3 questions I ask myself weekly to identify the problem I face in my trading, and how to overcome them. That has made an immense difference. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. This episode ends with a quick discussion on trading beliefs. Those can either make you broke or rich. Therefore, I suggest you spend some time evaluating your beliefs. A good way to start would be to listen to my interview with Dr. Van Tharp as he describes the belief examination process he makes his students go through. In This Episode, You'll Learn... What are impulsive trades The simple question that will keep you out of bad trades The 3 questions to evaluate your progress & get consistent profits faster Why your beliefs can make you a broke trader - and how to change that! Share This [bctt tweet="I've never seen a book telling you to surround yourself with other traders, yet it's so crucial" username="desiretotrade"] What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned My interview with Dr. Van Tharp DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy (lifetime membership promo until Dec. 18th 2016!) About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Anmol Singh: Mindset & Technical Keys To Trading Income In episode 69 of the Desire To Trade Podcast, I interview Anmol Singh, a stock, and Forex trader. The thing I find interesting about Anmol is the efforts he puts to trade those two markets both intraday and swing. In short, this interview is packed with very tactical and comprehensive tips in regards to trading routines and the "how-to-trade" aspect. However, Anmol surprised me by sharing great advice on building a mindset that will help you generate an income from trading. I sincerely believe that the way to improve the most consists of improving your mindset and state of mind prior to trading. Anmol had great tips on that. Overall, one of the biggest lessons you can get from this interview is the power of walking away from your trading desk. Often times, you are much better removing yourself from the equation and leaving the market do its job. Your job as a trader is to accept the loss or profit and to keep executing as you should. You shouldn't be there to watch every single move the market does as this will often push you to act or feel stressed. It's simply counter-productive. Share This! Return on your investment is way more important than return on your ego!. @DeltaNinetyCLICK TO TWEETYou can either pay for knowledge of for not having enough of it. @DeltaNinetyCLICK TO TWEET In This Episode, You'll Learn… How Anmol Singh started to trade both stocks and currencies. Specific trading routines that give results. How to get yourself into the right trading mindset. How to use reward & punishment – concrete examples that work. "Treat yourself like a dog" :) The backtesting, forward-testing, and tracking basics. The power of walking away from your trading desk. The differences between stocks and Forex trading. The biggest challenge Anmol faced in trading. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Free eBook: Behind The Curtain – Trading Secrets Exposed DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy (lifetime membership promo until Dec. 18th 2016!) How To Find Anmol Singh? Website: Live Traders Facebook Twitter Instagram Youtube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

ONE Simple Thing To Improve Your Trading & Using Candlesticks In Forex Trading Every Friday, I host a live Forex Trading Q&A on Facebook. In this Q&A #6, I discussed the ONE thing you can do to improve your trading quickly. In addition, I discuss the use of candlesticks in the Forex market. This is based on my own experience. As a matter of fact, I met a fellow trader in person for the first time around the month of June 2015 and that has made a significant impact on myself and my trading. It is also one of the major reason why I started the Desire To Trade podcast. When it comes to candlesticks, I believe that traders spend too much emphasis on the candle close. That might be useful on a high timeframe but it doesn't mean much on a very low timeframe. In This Episode, You'll Learn… Algorithmic vs. Manual Trading ONE Simple Thing You Can Do To Improve Your Trading Quickly My Take On Using Candle Close To Trade Using Market Sentiment In Your Trading Share This I've never seen a book telling you to surround yourself with other traders, yet it's so crucialCLICK TO TWEET What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Interview with Kevin Davey on algorithmic trading DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Jean-François Boucher: Trading Tips From A Forex Scalper In episode 68 of the Desire To Trade Podcast, I interview Jean-François Boucher, a Forex scalper located in Jasper, Alberta. Jean-François started to trade stocks in the 90s as he worked for IBM. After losing countless amounts of money in options, he discovered the Forex market. What I particularly like about Jean-François is his down-to-earth approach to trading. As a matter of fact, he knows there are no tricks to succeed quickly in trading. You must put in the work. He also mentions a crucial fact, that is, risking 1% per trades allows you to come back. While we often see people risking way more than that, Jean-François' advice is still very important. You can't expect to increase your risk too high and stay in the game of trading for very long. As traders, we are professional losers, so we better account for that. Jean-François says: "it always starts small", and that is the mindset you need to have if you want to see progress without blowing up countless trading accounts. Share This! You are your own holy grail. - Jean-Francois Boucher CLICK TO TWEET Stay 99% flat always. Put 1% on your trades. - Jean-François Boucher CLICK TO TWEET In This Episode, You'll Learn… How Jean-François first got involved in the Forex market. The advantages of trading the Forex market. How to go through the different phases of trading. Losing money, breaking even, making some money, making tons of money. How to remove (or reduce) indicators from your trading. What the world looks like for a scalper. How to scalp the market effectively. An interesting way to journal about your trades. The problem with trading robots Very important money management rules no one mentions. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Jean-François Boucher? Website: JasperForex Facebook About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

2 Reasons Why Traders Blow Up Their Accounts & The Power Of Consistency Every Friday, I host a live Forex Trading Q&A on Facebook. In this Q&A #5, I discussed reasons why traders blow up their accounts. This topic came up after I had multiple people reaching out to me, as they felt discouraged saying they blew up their trading accounts. In the end, there are only 2 reasons this can happen: You risk too much on any given trade (money management). You have no tested plan. As much as aspiring traders want a quick & easy solution, there's no need to complicate things here. Create a plan, test it, and ensure you have a way to stay in the trading game (hint: not risking too much money on any trade). A good way to put down your trading plan is with my One-Page Trading Plan Template (you can download it for free!). The second topic covered in this Q&A is consistency. Simply put, most struggling traders aren't consistent and focus solely on making money. However, once you become consistent in trading, doors open to you. As a matter of fact, I was able to trade for investors and other people because I had that consistency In This Episode, You'll Learn... 2 Main Reasons Why Traders Blow Up Their Trading Accounts How To Create Your Trading Plan In A Very Short Period The Money Management Guidelines I Follow How To Exponentially Grow Your Consistency In Trading Share This "The holy grail of trading is consistency. Become consistent and doors will open to you." -> Click to tweet! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Interview with George Papazov Interview with Alwin Ng Interview with Ryan Herron How To Avoid Blowing Up Your Trading Account Guide To The Ultimate Trading Plan Download the 1-Page Trading Plan Online Forex Trading Summit on Nov. 23rd DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Kevin Davey: Building Winning Algorithmic Trading Systems In episode 67 of the Desire To Trade Podcast, I interview Kevin Davey, an algorithmic trading system builder, and trader. He is the author of a very well written book on the topic titled Building Winning Algorithmic Trading Systems. The number of trading systems developed by Kevin is impressive. At the time of recording the interview, he had 95 trading strategies. Over his 25 years of experience, Kevin has been developing, analyzing, testing and creating trading strategies in every futures market from the e-mini S&P to crude oil to corn to cocoa. At the moment, he trades full-time for his own personal account, while helping traders around the world see more results in their trading. Kevin contributed to the excellent trading book The Universal Principles of Successful Trading by Brent Penfold, where he was featured as a "Market Master." That book was part of my list The Forex Trading Books That Incredibly Improved My Own Trading In This Episode, You'll Learn... How Kevin started with automated systems trading How he lost $1,500 on a $5,000 account in a single week! The myth of algorithmic trading & trading psychology. The step-by-step process Kevin uses to build winning algorithmic trading systems. The main tasks of an automated system trader. How Kevin was able to build several algorithmic trading systems. What most traders do wrong when trying to create a trading system. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Kevin Davey's Book: Building Winning Algorithmic Trading Systems, + Website: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading (Wiley Trading) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Kevin Davey? Website Linkedin Twitter Email About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Forex Trading Q&A: You Cannot Predict News in Forex & Improving Your Trading This is a Live Forex Trading Q&A I hosted. We discussed very important topics that you can surely learn about. Join the Facebook group: www.desiretotrade.com/group/

Trading Strategies For Trending Markets - Part 3 Trading Strategies For Trending Markets In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. Part 1 is available here! Part 2 is available here! I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 3 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a trending market. That can be a highly profitable type of trading, especially due to the fact that trends are usually strong in the Forex market. What's Covered In This Episode? How to identify a trend What areas you can consider trading in a trend The indicators that can help you trade pullbacks/retracements What to expect in trend trading Keys to make any trading strategy more profitable And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources One book to read: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Another book: Technical Analysis for the Trading Professional My lesson: The Exclusive Lesson: Understanding The Market DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free Facebook group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave us a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Timothy Sykes: How To Turn $12,000 into $2,000,000 & Perform Like A Trader In episode 65 of the Desire To Trade Podcast, I interview Timothy Sykes, a stocks trader, world traveler and teacher. He has made a massive impact and contribution to the trading education worldwide by having thought over 6,000 students to trade penny stocks. Timothy has been one of the traders I looked up to as I opened my first trading account. His opening quote hit me. According to Timothy, we make things way more complicated than they are and we spend a lot of valuable time caring about unnecessary details. Like me, however, Timothy is of the opinion that there are no get-rich-scheme. He attributes hard work & dedication to his success in penny stocks trading. What is fascinating with Timothy is that he records a video for his students almost daily (even while traveling). Upon recording this interview, Timothy just got back from the Amalfi coast, one of the places he frequently travels to. There's something to be mentioned about the great lifestyle and freedom Timothy has been able to build from trading. In This Episode, You'll Learn... How Timothy went from $12,000 to $100,000 to then $2,000,000. How any trader can trade and travel fairly easily! How Timothy detects the right stocks and trades them. The REAL reason why Timothy posts about his lifestyle (cars, trips, money, etc.). How to push yourself to grow as a trader. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Article: "Timothy Sykes is full of bullship" is the article one of Timothy Sykes' students wrote prior to following Timothy's program. DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy

The Guide To Forex Trading Strategies - Part 2 Show notes: http://www.desiretotrade.com/guide-to-forex-trading-strategies-part-2/ In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. Part 1 is available here! I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 2 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a sideway market. That is where I do most of my trading. I explain how you should go about trading breakouts and reversals and the type of indicators I use to trade in that environment. Resources One book to read: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets The Exclusive Lesson: Understanding The Market DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free Facebook group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave us a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

The Guide To Forex Trading Strategies - Part 1 Show notes: http://wp.me/p6qxZI-17Z In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 1 of the Guide To Forex Trading Strategies, I'm giving you a quick introduction of what type of strategy you can trade. In the next parts of this series, we'll deal with specific indicators you can use as well as how to read price movements. What's Covered In This Episode? The concept of market phase The 3 types of trades When you should consider each of the trade types (based on the market phase) What to expect as win rate and reward-to-risk for various Forex trading strategies The top mistakes traders make when defining a strategy And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Free Resources DesireToTRADE Forex Trader Community (free Facebook group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template)

Raman Gill: The Process & Mistakes Behind A Successful Forex Day Trader In episode 63 of the Desire To Trade Podcast, I interview Raman Gill, a Forex trader, investor, and coach that first got introduced to the currency markets in 2009. She then found her passion and felt in love with trading. Raman founded Trading with Venus in 2014 where she works with those new to trading, helping them make better, more informed, decisions about trades so they can take consistent action to achieve their financial goals. She also works with successful female entrepreneurs, helping them with investing to accelerate their wealth creation and enabling them to achieve financial security and freedom. Raman previously worked at one of the largest financial institution in North America where she held a variety of management roles over the years. Most recently, she was a Portfolio Manager in Mergers & Acquisitions area, where her team was responsible for due diligence on deals ranging from $50MM to multiple billions of dollars in both US and Canada. Prior to working in finance and investments Raman owned an IT consulting business, for 10 years, which she subsequently sold. Raman has a Bachelor's degree in Computer Systems and MBA degrees from Johnson School of Business, Cornell University in the US and Queens University in Canada. What's Covered In This Episode? How Raman learned the fastest in trading How Raman got introduced to trading The biggest mistake Raman made while trading full-time (be careful!) The exact Forex day trading process Raman follows How to prepare the right way before trading How Raman intends to trade the London session (read When To Trade Forex To Maximize Your Lifestyle & Profit?) The "windy" truth about trading & the benefits Getting accountability in your trading for better results And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Forex Trading Beginner's Course The 1000 Trades Show: In this video podcast, Raman analyzes one trade setup a day to help traders master trading through the deliberate practice and analysis of 10,000 trades. Article about learning your trading strategies: Creating Your Forex Trading Strategy Playbook DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Raman Gill? Trading With Venus Facebook YouTube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave us a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Brian McAboy: Succeed In Your Forex Trading Business In episode 62 of the Desire To Trade Podcast, I interview Brian McAboy, an experienced trader, trading coach, and business consultant with a passion for helping traders understanding the business aspect of trading. I was pleased to go through Brian's book titled "Trading Psychology's Missing Chapter: Enough To Be Dangerous". I couldn't put the book down as I absolutely could relate. Overall, Brian is very knowledgeable when it comes to transform topics seen as complicated & boring by most traders into easy-to-implement tactics. Topics Covered - Brian McAboy How Brian turned $30,000 to $47,000 and went down to nothing Brian's top difficulty in trading The very first step of trading most traders miss Your multiple roles as a trader & wearing the hats How & why to set your parameters as a trader What 4 tactics you can implement to treat trading as a business The 2 learning curves of a trader (how to trade + how to work for yourself) Why you must document your trading system The guidelines for discretionary trading And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Futures Trading: The Greatest Business On Earth Trading Psychology's Missing Chapter: Enough To Be Dangerous Trading System Mastery DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy

Carley Garner: All You Need To Know About Commodity Trading Show notes: http://www.desiretotrade.com/carley-garner/ In episode 61 of the Desire To Trade Podcast, I interview Carley Garner, a commodity and option trader. She is the woman behind DeCarley Trading, an award-winning commodity broker. Carley have been in the trading business for over 12 years and started with options from day 1. Carley mentions that option trading is done at a slower pace than other assets such as Forex, stocks, and futures. 90% of options expires worthless. We also discuss option selling, a way to make money on a higher probability with unlimited risk. As an option buyer, the risk is limited but the probability of making a profit is smaller. Pieces Of Advice "Be fearful when others are greedy and greed when others are fearful." CLICK TO TWEET "There's not a right or wrong way to trade, just the one you're comfortable with." - @CarleyGarner CLICK TO TWEET Topics Covered – Carley Garner How being contrarian can make you a great trader Why optons are interesting to trade How to trade commodities How option selling works The biggest mistakes Carley made in trading (good anecdote!) The best to start trading options How to limit your risk with options Decision process of an option trader The main commodities traded by Carley The main mistakes beginners make (i.e. the lasting power) And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Adam Grimes: Building Your Edge In Any Financial Market Join the Facebook group for more free resources In episode 60 of the Desire To Trade Podcast, I interview Adam Grimes, a stock, futures and currency trader with a formal education as a musician. Adam trades for a living and is also behind his personal blog. He started in Futures trading several years ago and was over-leveraged. Adam reminds us that there are countless ways to make money in the market, but that a trader's method must be defined in advanced. While a lot of traders rely blindly on trading psychology, Adam highlights the fact that having a proven system is essential from the start. During this interview, Adam mentions one thing I have noticed from discussing with struggling traders. Most traders who do not have consistent results haven't even tested their systems but want to believe that their system work. Topics Covered - Adam Grimes Why common trading advice can be wrong The technical analysis concepts that don't have an edge How quantitative trading works Reliance on trading psychology and its effect How to find your edge in the market How you can fail to trade successfully with a backtested system How to use discretion in your trading How to adapt your strategy to several markets The FIRST stage of success - Very important! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned How To Trade Pullbacks - Adam H. Grimes The Art And Science Of Trading Course DesireToTRADE Academy If you truly want to succeed in Forex trading, you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. Get the Forex Day Trading Success Cheat Sheet for FREE! http://www.desiretotrade.com/day-trading-success-cheat-sheet/ Check out the Desire To Trade Podcast - Trading Tips & Interviews with Successful Traders: http://www.desiretotrade.com/podcast/ iTunes: http://www.desiretotrade.com/itunes/ Stitcher: http://www.desiretotrade.com/stitcherpodcast/ For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com

Albert Maté: Trusting Your Vision And Taking Action To Create A Winning Trading System Show notes: www.desiretotrade.com/albert-mate/ In episode 59 of the Desire To Trade Podcast, I interview Albert Maté, a good friend of mine in Montreal who, after being involved in the trading world for several years, is working on a very interesting algorithmic winning trading system. Albert started in scalping. He was trying to make less than a few cents by himself in a Montreal firm called Swift Trade. As his learning curve was fairly flat in the beginning, Albert learned things the hard way through the 2000's bubble. He ended up taking a break off trading, which was a very sound decision. According to a statistic mentioned by Albert, 85% of portfolio managers aren't able to beat the S&P500. That is a key figure to keep in mind. Albert's trading system performance is available on his website Albitrading.com. Although I thought this interview would be mostly useful for algorithmic traders, the conversation moved to a topic useful to any type of trader: how to find financing to trade. While it's good to trade your capital, sometimes having "outside money" can be of great help to achieve your goals. You just need to do te work and follow the steps outlined by Albert in this interview. Topics Covered - Albert Maté Why you need to have a vision How to "go through the storm" as a trader Why Albert decided to move to an algorithmic trading system The exact steps to create a trading system (any type)! How to know when to trade your strategy live How to obtain financing for your trading What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Paul Wallace: Peak Performance And Trading Success Read the show notes: www.desiretotrade.com/paul-wallace/ In episode 58 of the Desire To Trade Podcast, I interview Paul Wallace, a trader with a high emphasis on peak performance located in London, UK. After a career in the Royal Air Force Paul started trading whilst working in the City during the dot-com boom of the late nineties. Paul is a professional financial trader with more than 24 years' experience working in competitive, results-driven, performance environments. He has experience trading both as an individual and for funds. Paul has always been fascinated by success, achievement and peak performance, whether on the battlefield, sports-field, boardroom or financial markets. He blogs about his own trading at FXTraderPaul.com. He also runs the trader support practice, Tradingbeliefs, helping traders manage and improve their overall performance. Fear-Based Traders (FBT) vs. Greed Based Traders (FBT) Fear-based traders must have a simple system and know exactly what they must do. You must ensure to eliminate doubts and be certain regarding when to pull the trigger. They are likely to avoid pulling the trigger in the face of small hesitations. Most Greed-based traders are normally bad risk managers as they are looking to get more out of the market. They must still have a simple trading strategy. The 3 Crucial Components Process: having a checklist you can rely to (like a plan pilot). Find out more about it in Creating Your Forex Trading Strategy Playbook Discipline: "being disciplined is part of the job description for being a world-class trader." If you aren't disciplined, you might need to re-evaluate whether you really want to trade. Self-Awareness: use your mistakes as an opportunity to learn by reviewing your performance. Topics Covered - Paul Wallace Paul's take and prediction on Brexit A real explanation of a popular trading quote Paul's main trading strategies How Paul went from a Air Force to trading Why veterans are great traders The Process - Discipline - Self Awareness crucial components The importance of de-briefing Figuring out if you are a Greed-Based Trader (GBT) or Fear-Based Trader (FBT) Managing expectations And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Van Tharp: Transforming Traders Through Their Beliefs Show notes: www.desiretotrade.com/van-tharp/ In episode 57 of the Desire To Trade Podcast, I interview Dr. Van Tharp, a very well-known leader of the trading industry. From the start, Dr. Van Tharp has, very similar to me, a desire to have an impact. That is something I admire a lot. During the interview, Dr. Van Tharp asked me about my own beliefs and we went through the "belief examiner" process, which has been very interesting for me. This has been a key elements for traders' transformations. Trading mistakes are an important part of this interview. Dr. Tharp says traders should aim for 100 trades with a 95% compliance to their rules. Topics Covered - Dr. Van Tharp How Van Tharp has transformed traders What is a successful trader How beliefs influence all traders You always trade your beliefs. The market is only a representation that we interpret based on what we think. No belief is 100% useful, they are only useful in a context. Keys to reach a higher level in trading The "belief examiner" process Position sizing strategies You should write down your rules and track when you don't respect them Looking at what your mistakes cost you. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Rayner Teo: The Steps To Become A Successful Trader Full show notes: www.desiretotrade.com/rayner-teo/ In episode 56 of the Desire To Trade Podcast, I interview Rayner Teo, an independent Forex trader from Singapore and the founder of TradingwithRayner. Rayner started trading at a young age, after he learned there was a trading competition in his university. He soon discovered that becoming a successful trader required a specific strategy. Even after trying several strategies and trading techniques, he couldn't seem to figure out how to trade successfully. It took him some time, but eventually Rayner had his breakthrough moment. He realized that he had to stick to something (for at least 100 trades) if he wanted to progress. During this interview, we discussed a few technical topics, but also how Rayner Teo makes his trading journal, and very importantly, the process traders have to go through to become successful while cutting down the cost of their education. Rayner has a very strong understanding of technical trading. Nevertheless, he has made a huge effort to stay simplistic in his trading. That is where the real power lies You're not being paid for the hours. You get paid to do the right thing.CLICK TO TWEET Example Of Parabolic Trend: Topics Covered – Rayner Teo Rayner's learning process The breakthrough that helped Rayner become a successful trader How to classify trends The journaling and review process for traders Key principles of trade management Getting the required capital for trading And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Marina Kuperman: Self-Improvement Is A Must For Trading Success Read the show notes In episode 55 of the Desire To Trade Podcast, I interview Marina Kumperman Villatoro, a Futures trader and the woman behind The Trader Chick, a blog and academy through which she wishes to impact women to learn to trade and make it part of their lifestyle. Question & Cheat Sheet - Marina Kuperman Villatoro How Marina got introduced to Futures trading Mixing trading and self-improvement The commitment you need to make to become a successful trader. How to overcome the 2 main barriers to day trading Lack of focus and lack of time. The importance of clearing your mind before you start to trade - and how to do it! Marina's techniques to analyze the market How to focus while trading Trading habits Marina has to trade successfully Starts by checking the news And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Chris Capre: Work Harder On Your Mindset Than You Do On Your Strategy Read the show notes In episode 54 of the Desire To Trade Podcast, I interview Chris Capre, a Buddist, trader (Forex & Futures), and philanthropist. He's the man behind 2ndSkiesForex. I personally consider Chris as a leader in the trading industry. What's more, he created a useful framework that any trader can follow to see results in trading. Chris was fortunate to experience great success very early in his trading career, but eventually realized he hadn't done things intelligently. One day during the London session, he lost $15,000. That was an important changing moment for him. During his interview, Chris and I discussed some of the pillars to successful trading. Overall, your success comes down to how you handle the Technical, Mindset, and Money Management aspects of trading. Question & Cheat Sheet – Chris Capre Why Chris trades the Asian session & how he does it How he was able to succeed quickly in trading and lost $15,000 in a single day! The 3 aspects trader must master for success The pyramid with Technical, Mindset, and Risk Management. How going against the majority of traders can make you successful How to develop the mindset to trade a bigger trading account That's where neurolasticity & loss aversion come into play. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! ————————————————————————————————————————————— Special Offer For The Listeners Get 15% Off Chris' Advanced Price Action Course Course: click on this link and enter coupon code "EC15OFF" at checkout. —————————————————————————————————————————————

James Harte: A Forex Swing And Day Trader Shares Pieces Of Wisdom In episode 53 of the Desire To Trade Podcast I interview James Harte, a Forex trader based in England that has a passion for helping others. Through Little Fish FX, he aspires to democratize the foreign exchange market by providing high quality educational materials, pro trader analysis, trading strategies and market-leading tools & indicators to retail traders of all experience. James has a good understanding or both swing and day trading. This is particularly interesting as he says not having a preference between those two styles of trading. Somehow, I feel the same. We've had the chance to discuss several topics in this podcast episode, including James' best and worst trades as well as the mistake he sees traders make. We also touched on his trading methodology. This is an important part of the interview since any trader must have a solid trading plan. Cheat Sheet / Topics Covered - James Harte How James' dad influenced him to go into Forex trading How James trades both swing and intraday What currency pairs James trades and how he manages the risk How James uses the news as a Forex day trader What happens when you start to take profits early...and how to fix it. The critical thing trader need to work on It has to do with adapting to various situations. How James would go about getting started in trading i.e what he teaches. And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Show notes: www.desiretotrade.com/james-harte/

Jason Sen: The Art Of Technical Analysis And Trading Ideas In episode 52 of the Desire To Trade Podcast I interview Jason Sen, a Forex trader and technical analysts with a lot of experience working for institutional clients. Jason is also the man behind Day Trade Ideas. Jason currently lives the good life in Thailand, a well merited location as he started to trade in early in college (1987) when his father introduced him to trading. He quickly got into stocks and was surrounded by charts, which he learned to interpret. What I really like about Jason is his simple approach to technical analysis. He uses it to provide technical reports and trading ideas to his clients without making things too complicated. He is the perfect person to tell you what you should focus on when looking at a Forex currency pair, or any other market. A very important concept discussed in this podcast episode concerns how to deal with a series of losses. Those are inevitable and Jason went through several series of losses. He was then a very good person to get advice from. [bctt tweet="Trading Advice: The trend is your friend. @daytradesignals" username="@desiretotrade"] Cheat Sheet / Topics Covered - Jason Sen How Jason started to trade in 1987 How traders can work for banks & institutions The technical analysis tools Jason looks at The habits contributing to Jason's trading success The things that are important to consider vs. just noise How to deal with a series of losses And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Adam Jowett: Adapting Forex Trading To Your Lifestyle In episode 51 of the Desire To Trade Podcast, I interview Adam Jowett, a Forex swing trader I highly respect for his experience and his blog AdamJowett.com. Adam has learned to build trading around his personality and the lifestyle he wanted. He has been trading various methods on the Forex market over the years, but currently focuses on trading the 4hr and daily charts. I came across Adam's blog several times and got really interested when I discovered his Forex Market Session Indicator (available to download below). I personally used it to backtest trading strategies on different market sessions of the Forex market. In this interview, Adam shares some of the best tips and insights he got from 15 years as a trader. Living in Australia, he had to adapt. However, the good thing about the Forex market is that you can trade it 24 hours a day. For instance, due to his time zone, Adam used to focus on the Asian session. Cheat Sheet / Topics Covered - Adam Jowett Adam's learning process How Adam started to trade small and scaled up Adam's worst trades How Adam classifies a good trade The differences between day and swing trading How to meet other traders The main differences between winning and losing traders Adam met And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Lazy Trader (Higher Time Frame Trading) In episode 50 of the Desire To Trade Podcast, I interview Rob Colville, a Forex trader using a method to trade higher time frames and maximize his lifestyle. He is the man behind the site The Lazy Trader. Rob trades exclusively on the daily and weekly time frames. He looks for several types of trades and do not care so much about trading. His goal is to have the life he desires first. An important topic discuss during this episode is the importance of not setting your expectations too high. The #1 goal of a trader is to preserve the capital and the secondary goal is to trade. For a newer trader, the essential goal consists of not losing money. Then, overtime, it is more acceptable to aim for a certain return. Topics Covered - The Lazy Trader Rob's learning process The one book that helped Rob The amount of money you need to trade The Lazy Trader's lifestyle How to start trading higher time frames from scratch Using reward and punishments to reach your goals Using visualization to stay in the trading game And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Get a bunch of FREE trading resources and articles: http://www.desiretotrade.com/resources/

Patrick James: Working On Your Self-Images & Other Ways To Succeed If this isn't the first podcast episode you're listening to, you certainly know how passionate I am about trading. Sometimes, however, I like to expand my perspectives and bring guests outside the trading world on the Desire To Trade Podcast. These guests bring unique ideas based on their own field of expertise. So far, I've been greatly impressed by the advice the non-traders provided on energy & fitness. And here's one more! In episode 49 of the Desire To Trade Podcast, I interview Patrick James, a charisma expert who shares his best advice on crushing it in life. The interview started with an off-topic conversation about charisma. Then, Patrick mentioned the book Psycho-Cybernetics by Maxwell Maltz. Psycho-Cybernetics is all about self-image. According to Maltz, "you will act like the sort of person you conceive yourself to be." If you want to ensure you succeed in trading over the long-term, you must not only understand how to trade, but also how to manage yourself. That starts with talking to yourself positively. Affirmations are a great way to change the view you have of yourself. Another very practical advice Patrick proposes is concerns the speed of implementation. You must decide to take control of your self image, and then decide what you want it to be. What's covered in this episode? What is charisma & why it's important for traders The impact of self-image & how to improve your self-image How to talk to yourself and empower you to succeed The habits that can help you succeed How to use the speed of implementation How to act like the person you want to become How to deal with people who don't support you And much more! Show notes: www.desiretotrade.com/patrick-james/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/ Get the Day Trading Success Cheat Sheet: http://www.desiretotrade.com/day-trading-success-cheat-sheet/ Get the One-Page Trading Plan (the simple template I use for my own trading plan): http://www.desiretotrade.com/get-one-page-trading-plan

Chris Claflin: A Futures Trader Who Dropped Out of School In episode 48 of the Desire To Trade Podcast, I interview Chris Claflin, a Futures trader and the host of the new Uncharted Podcast. I strongly recommend you check out his podcast. It has a very impressive & uncommon touch to it! Chris started to trade in College. Learning to trade wasn't an easy task while he was pursuing studies of become a dentist. Soon, however, Chris dropped out of school as he realized he could make more money trading than working in dentistry. These days, Chris is primarily a trend trader. That means he focuses on entering in the direction of strong market trends, hoping that the trend will keep going. Several traders interviewed on the Desire To Trade Podcast adopt this trading style. What distinguishes Chris, however, is that he often looks to catch up trends within a larger trend. His trades are therefore in alignment. Question & Cheat Sheet - Chris Claflin How Chris got introduced to Forex trading The danger of Forex scams The basics of trend trading Why Chris isn't a fan or Forex and prefers futures Regulations, barriers to entry & more... What traders should focus on It's about protecting your trading capital And much more! Show notes: www.desiretotrade.com/chris-claflin/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/ Get the One-Page Trading Plan (the simple template I use for my own trading plan): http://www.desiretotrade.com/get-one-page-trading-plan

Ellaine Escueta: Tripling Your Trading Account While You Forgot About It In episode 47 of the Desire To Trade Podcast, I interview Ellaine Escueta, a Forex trader with a passion for trading. She is the women behind Trading Elevated. Ellaine had no interest for trading at first, but picked up a book about the subject in school. As time went on, she started to get more and more involved and interested in the idea of making a living off Forex trading. However, things didn't work out as planned and Ellaine got discouraged. She stopped trading for a while. Eventually, she went back to check her account. She realized it had doubled due to a trade that was left open. If only she could do the same thing, she would be able to make money. That piqued her curiosity. She started to get back in trading, took a course, and was eventually able to make a consistent income from Forex trading. [bctt tweet="Never let anyone define what you can and can't do! - @ellaineescueta" username="desiretotrade"] Question & Cheat Sheet - Ellaine Escueta How Ellaine got introduced to Forex trading The power of price action and understanding price behaviors The important is to focus on behaviors you understand and make sure that they fit your criteria. What a day looks like for Ellaine She wakes up at 3:30am and things go from there! The 3 keys to trading success (according to Ellaine) How Ellaine reduces uncertainties in her trading How to control your emotional state The #1 advice Ellaine has to offer aspiring traders And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. Get the FREE Complete Price Action Strategy Checklist!

Kim Krompass: Day Trading For A Living With Price Action In episode 46 of the Desire To Trade Podcast, I interview Kim Krompass, a Forex price action day trader and the woman behind the Price Action Traders Institute. She is the very first woman to be featured on the podcast. During this interview, Kim shared a lot about her view on day trading vs. longer term trading. She also mentioned several times the importance of keeping things simple, a concept I totally agree with. [bctt tweet="Perfectionism is the enemy of profit. - @priceactionkim" username="DesireToTrade"] Question & Cheat Sheet - Kim Krompass How Chris got introduced to Forex trading How Kim turned her trading around and started seeing results The important is to focus on behaviors you understand and make sure that they fit your criteria. Why she prefers day trading The goal is not to copy other people. That won't make you successful. How much time Kim spends trading The importance of a planning process Kim plans her trade every morning starting at 6:00am PDT. The benefits of day trading and the challenges to overcome What simplicity means for Kim in trading The lifestyle Kim gets out of day trading The #1 mistake Kim's students make It's about unnecessarily making things complicated. The learning curve of a day trader And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Power Of A One-Page Trading Plan I resisted the idea of creating a trading plan for so long... but the moment I finally came up with my first trading plan, I felt much better. First, I no longer had to keep everything in my head as I used to do. Second, I had clear guidelines concerning what I was supposed to do. The problem: that trading plan took 30 days to write and was huge. It was very hard for me to go back in that plan to check something. A couple months ago, I came up with the idea of simplifying my plan on a single sheet of paper. The truth is, I've always been a fan of tracking checklists for their simplicity, but I wanted to bring the concept further. As soon as I completed my One-Page Trading Plan, I posted it on my trading desk. I has made a huge difference. Instead of having a set of entry rules, I have everything I need to see on that plan. In episode 45 of the Desire To Trade Podcast, I share about my experience with trading plans and tell you precisely how to create a powerful one-page trading plan. [bctt tweet="Big trading plans bring confusion. Great traders have everything on one single page." username="DesireToTrade"] What is discussed in this podcast episode? I used to hate the idea of having a trading plan. Most people you see online recommend a trading plan that looks like a business plan...it never worked entirely for me when it comes to executing. How to create your one-page trading plan: There are a few parts: Vision (where you want to go with trading) Context (time frames, trading times, instruments) Trading strategy (signal, entry, exit) Support (money management, implementation plan) Examples (at the back of it) Making a plan isn't enough, you must make it visible! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Great Advice From Market Wizards w/ Jack Schwager If I were to ask successful traders the ONE book that influenced them and guided them through becoming traders, Market Wizards would definitely come up. The book contains interviews with traders who are living off trading from around the world. It turns out to be packed with great lessons and highly inspirational. In episode 43 of the Desire To Trade Podcast, I interview the legendary Jack Schwager, the author of Market Wizards and a number of different trading-related books that made a great impact in the world of trading. The book Market Wizards has been recommended numerous times on the podcast. I myself read it several times. Question & Cheat Sheet - Jack Schwager The new project Jack is currently woking on (more information) How Jack got involved into trading and the results of it Full list in Top 5 News Releases You Should Care About As A Forex Trader How Market Wizards was written Putting in the work every day from morning to night! The biggest lesson anyone can take from Market Wizards The #1 advice Jack has to offer aspiring traders And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. Read the show notes Get the 5 Crucial Insights About Trading Psychology That Will Make You A Better Trader for free!

Trade Like A Casino w/ Richard Weissman "Trade like a casino" sounds like an awesome idea, right? After all, what do casinos do? They have a system/strategy to ensure that they are going to have an edge over the long-run. Does that mean the casino is going to win every poker game? Not at all, but over time, it is almost guaranteed to make money. In episode 42 of the Desire To Trade Podcast, I interview Richard Weissman, the author of Trade Like A Casino and a number of different trading-related books that showcase a very insightful and researched methodology to trading. The interesting thing about Richard is that he focuses a lot on research and backtesting. That allows him to develop mechanical trading systems that he is then able to use with a positive expectancy. During this episode, Richard and I discuss what it means to "trade like casino" and how traders can apply this principle in their trading. It's not only about the trading strategy, but also in regards to emotions and psychology. These days, Richard focuses on his role as the CEO of CNV Capital Management, focusing on trading and system development. Question & Cheat Sheet - Richard Weissman What it means to "trade like a casino" & why it's crucial How to reach the level of trading like a casino Doing research Having a mechanical trading system Building confidence The types of strategies used by great traders How to backtest properly Discretionary trading like a casino And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. Visit the show notes! To know more about what I've been working on: http://www.desiretotrade.com/new

All You Need To Know About Forex News Trading w/ Yohay Elam If you have been trading Forex for a while, you probably noticed the, sometimes, big spikes in the price of certain currency pairs. As a matter of fact, news reports are released almost every single day and the market tend to react strongly to them. A quick advice: if you aren't aware of this, you NEED to listen to this podcast episode! In episode 41 of the Desire To Trade Podcast, I interview Yohay Elam, the founder of Forex Crunch and host of Market Movers. Yohay is very knowledgeable when it comes to fundamental analysis and what affects the currency market. He shared in great details what Forex traders can expect from news releases and what they have to look for. Yohay studied computer science, but learned about the Forex market mostly by himself through books and other self-education resources. He then started exchanging his ideas and view of the market with other people, an activity that proved itself to be very useful. Today, Yohay publishes his analyses on his website and hosts a podcast where he shares what took place in the financial market. [bctt tweet="Do not risk more than 2% of your trading account! from @forexcrunch" username="DesireToTrade"] Question & Cheat Sheet - Yohay Elam The news impacting the Forex market Full list in Top 5 News Releases You Should Care About As A Forex Trader What pairs are best to trade news in different countries The more volatile pairs have a bigger and faster reaction to news The USD/CAD tend to have a slightly delayed reaction to a news event. News are often leaked and the reaction may occur prior to the official release on the GBP/USD. How day traders and swing traders can use news releases The single most important advice you need if you trade news releases What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. See the show notes: http://www.desiretotrade.com/yohay-elam/ Get free resources to help you become a better Forex trader: http://www.desiretotrade.com/free

BONUS: Q&A With Dr. Andrew Menaker (Trading Psychology) Some background on Dr. Andrew Menaker? Dr. Andrew Menaker is a licensed clinical psychologist with a PhD in psychology. He is, in my opinion, the leading authority when it comes to trading psychology and has been recognized worldwide for his work in the fields of emotion management and emotion development. He has coached some of the world's top traders since 1995. Following his interview on the Desire To Trade Podcast in episode 34, Andrew accepted to be part of a live Q&A session, which turned out to be highly actionable and instructive for all levels of trading experience. Watch the video! Get the highlights (important points)! Get the 5 Crucial About Trading Psychology That Will Make You A Better Trader for FREE!

In episode 40 of the Desire To Trade Podcast, I interview Michael Toma, a futures trader who is also the author of The Risk of Trading: Mastering the Most Important Element in Financial Speculation. Michael has a very interesting perspective on risk management and he shares several highly actionable tips you can apply to your trading to make risk management part of your business. That will be very useful if you are looking to succeed in the long-run and live off trading. Cheat Sheet - Michael Toma Three steps to risk management: Identify - Assess - Control. The logic behind a stop loss The definition of risk management: that was a natural transition for Dave. How and why to start small: this is the key if you want to succeed. The quest to make money is very dangerous. Results will guide your actions as a trader: you must see results before increasing your risk. Dealing with compliance: track your compliance ratio. Overcoming boredom trades: Identify - Assess - Control -> Make a plan. Reviewing your risks will help you a lot. You need to make risk management part of your trading business. What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Finding Your Own Way To Trade w/ Dave Floyd In episode 39 of the Desire To Trade Podcast, I interview a stock & Forex trader I really admire named Dave Floyd, the founder and head of trading at Aspen. Dave started trading in college while he was in Boston. He first read Market Wizards, a book showcasing stories of various successful traders (which I highly recommend!). The interviewed covered several topics, but one of them highly resonated with me. It is the idea of finding your own way as a trader. Once you get through the initial phase of trading, you begin to understand that copying others isn't what will help you succeed. Everybody's different and two traders almost cannot trade the exact same way. You must then find your own way as a trader. Cheat Sheet - Dave Floyd Balancing overtrading vs. not trading enough How to go through the hard learning curve of a trader: it is not about learning strategies from others. The transition between day trading and swing trading: that was a natural transition for Dave. Strategy differences between day trading and swing trading: find someone or a group that can help you in hard times and good times. The biggest mistakes for Dave as a trader: hint: the opposite of overtrading... Following your gut instinct is important but it's not necessarily for beginners. The commonalities between traders: many traders have creative endeavours according to Dave. Approaching stock vs. Forex trading: Dave uses fairly similar approaches. Why you MUST develop your own approach What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

5 Elements To Go From Start To Profitable Forex Trading In episode 38 of the Desire To Trade Podcast, I share the 5 elements I have applied in my trading journey so far to go from scratch to profitable Forex trading. Read the whole article as I share the 5 elements with more details. I see that a lot of aspiring Forex traders spend a lot of time looking at trading as being just entering and exiting trades. However, I know that profitable Forex trading requires more than that. Not anyone can start to trade and make money, but those who apply other elements to trading increase their chances to succeed. Cheat Sheet The 5 Elements Set your requirements: decide on the type of trading you are going to perform based on your preference and available time. Create a money management plan: decide on what is going to be your maximum risk per trade, and maximum drawdown so you never run out of money...EVER! Plan your market analysis: focus on ONE thing to trade. It's totally fine to try things and throw them away if you don't like them, but you must focus at some point. Get the right support: find someone or a group that can help you in hard times and good times. Review: review your trades to find patterns among the good/bad trades and focus more on the good to replicate it. Track everything!

A Truck Driver Who Blew Up 9 Accounts To Become A Profitable Trader w/ Ryan Herron Episode 37 of the Desire To Trade Podcast features Ryan Herron, a binary option and Forex trader. HIs story of how he became a profitable trader is very interesting due to the fact that he blew up 9 accounts but kept going. He could see a progression in his results, which made him think that by staying in trading, he would eventually make it. And he did! During this interview, Ryan and I discussed the fact that, while most traders are looking to get rich overnight, the right amount of action over a longer period of time is required. An aspiring lawyer or doctor must go through a long education process and spend a lot of money. Why would aspiring Forex traders avoid that? Ryan mentioned the importance of focusing on ONE THING (one strategy or way of doing things). Then traders must not forget what comes after: being comfortable trading that one strategy. That strategy can be created or learned from someone else. Through backtesting, we, as traders, ensure that we know exactly what to do upon trading for real. What’s covered in the podcast? The difference between Forex and binary options How Ryan kept going after blowing up 9 accounts The steps Ryan took to learn and progress as a new trader What Ryan sees as the biggest mistake traders make (hint: adding to a losing trade) Examples of focusing on one thing to succeed And so much more... Resources Mentioned Forex Tester 2 (affiliate link) Forex Trading Strategy for Trending Markets (article I mentioned at the end of the episode) Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/

The Development Of An Automated Trading System w/ Shaun Overton Watch the video interview! Episode 36 of the Desire To Trade Podcast features Shaun Overton, the automated trading system developer also founder of One Step Removed. Shaun started in the forex industry in 2005 working as a broker at FXCM. He led the sales effort for an automated trading fund, which led to his interest into automated trading. He then went on to create his own systems that now allow him to live off them. At the opposite of what I believed, Shaun says developing an automated trading system isn't so complicated. One must learn how to program first. Then, there's a clear process, described during the interview, anyone can follow. Shaun spends his days researching. This is a passion for him, but his goal is to create more systems that produce positive results. He shared about the exact things he's looking at and the sort of system he has developed. Although this podcast episode appears fairly technical, there's something that can be learned by any trader. Both automated system traders and manual traders must backtest their trading plan. One of the common problem consists of backtesting only for a restricted period of time and optimizing the system for that period. The world of automated can be highly fascinating for traders with an interest for statistics and programming. For more on that topic, I recommend listening to DTTP 011: The Fascinating World of Automated Trading and checking what Shaun is doing at One Step Removed. What’s covered in the podcast? What it's like to be an automated system trader Examples of factors predicting the movement of a currency pair The steps to develop an automated trading system The biggest mistakes made when developing an automated trading system What type of broker works best for automated system traders Best resources to learn to program And so much more...

Lessons From A Successful Forex Day Trader w/ Casey Stubbs Episode 35 of the Desire To Trade Podcast features Casey Stubbs, a Forex day trader and the man behind Winner's Edge Trading. Casey usually starts his day around 6:30 am EST and is done with trading by noon. He specializes on trading the EUR/USD pair and uses only simple trading strategies. Upon finishing his trading day, Casey has the rest of the day for his other occupations: spending time with his family and running his website. Over the course of this podcast episode, Casey Stubbs mentioned the fact that traders must have their own trading strategies. Copying other traders' systems isn't a way to become consistently profitable. Aspiring Forex traders must firstly learn as much as possible. Then, they personalize their trading strategies. That helps a lot to stick to one strategy. As his last piece of advice, Casey mentioned the idea of trading small position sizes in order until becoming consistently profitable. Only then can Forex traders start to increase their position size. What’s covered in the podcast? The difference between simple and complicated trading strategies How Forex traders can easily get support Casey's biggest mistakes as a Forex trader The main objective for a trader (it's not making money!) What happens just before you finally stick to ONE trading strategy What keeps Casey motivated each day And so much more...

Trade With Edge w/ Mike Bellafiore Episode 34 of the Desire To Trade Podcast features Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader. SMB Capital’s trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business. I first heard of Mike Bellafiore and SMB Capital through Mike's first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn't what it took to thrive in this world of trading. I highly recommend the book! Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader. During this interview, we discussed the traits traders must develop in order to succeed. At one point, I asked Mike what advice he had for struggling traders. He pointed out something very insightful. In his opinion, traders can't start and be successful right away. Struggling is simply part of the progress. There is a process traders must follow if they want to see results. It takes time but Mike Bellafiore, without any doubts, know what it's like. What’s covered in the podcast? How Mike Bellafiore started to trade How the learning phase is broken down A great piece of advice for struggling traders The culture at SMB Capital Andrew's #1 lesson for any trader What keeps Mike motivated each day And so much more...