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

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...

The Most Valuable Insights On Trading Psychology - Andrew Menaker Episode 33 of the Desire To Trade Podcast features Dr. Andrew Menaker, a highly knowledgeable and well-known psychologist in the trading world. Since 1995, Andrew has been coaching traders and top fund managers to achieve a better performance. Being a trader himself, Andrew is frequently asked to speak at conference and is constantly being requested advices across the world. I, personally, have been blown away by this interview. The depth of the information provided and the great interest I had in the topic made me listen very carefully to every single words spoken by Dr. Andrew Menaker on trading psychology. From the start, Andrew Menaker mentioned "no one can master trading". This is a substantial thing to understand due to the fact that most of our decision-making is made subconsciously. Those looking to become perfect traders do not have a single chance to succeed. The next very interesting thing to note is that we, as traders, bring our own personality to trading. Two traders do not see the exact same chart the same way. In fact, "We don't see the market as it is, we see the market as we are" is a powerful statement! What’s covered in the podcast? Why no trader can master trading & what to do about it The source of our decision making The greatest ability you must develop as a trader What confidence truly is and how to get it Andrew's #1 lesson for any trader The true difference between a winning and a losing trade How to journal powerfully And so much more... Show notes: http://www.desiretotrade.com/andrew-menaker/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Get the New FREE Perfect Engulfing Pattern Cheat Sheet: http://www.desiretotrade.com/perfect-engulfing-cheat-sheet-5/

The Professional Forex Trader With A True Passion For The Market Episode 32 of the Desire To Trade Podcast features Dimitrios Charalampidis, a professional Forex trader based in Greece, and the man behind Snail Trading. The best thing about Dimotrios has to be his incredible passion for trading. He spends a lot of time looking at the market and testing his way of trading. However, that leads him to great results. He is very knowledgeable regarding trading and the currency market. In this interview, Dimitrios shared his best advice for traders. We discussed the biggest mistakes he sees Forex traders make – including not accepting to make mistakes. Dimitrios thrives to reach a point where money is meaningless and where he will be able to explore his passion for the market at its fullest. He concluded the podcast episode with a powerful statement - "Be strategic. Not only set your goal but define the steps to achieve those goals." What’s covered in the podcast? Why you should focus on the result instead of trying too many ways to do something How traders can take profit to limit their losses Dimitrios' life as a Forex trader What Dimitrios believes most Forex traders do wrong The two aspects necessary to succeed (it has to do with goals) And so much more... Show notes: http://www.desiretotrade.com/dttp-032-professional-forex-trader/ Join The Facebook Group: http://www.desiretotrade.com/group Get the Free Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/

A Great Lifestyle And 18,000% Return In The Stock Market with Gil Morales & Chris Kacher Episode 30 of the Desire To Trade Podcast features Gil Morales and Christian Kacher from Virtue Of Selfish Investing. They discuss their philosophies on life and trading following the several books they wrote together. Aspiring traders would envy Gil and Christian' lifestyles of travel and discovery. At the time of our interview, Christian was in Buenos Aires. The book I first noticed, co-authored by Gil and Chris, is called Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market. Gil Morales Gil began his investment career in 1991 as a stockbroker in the Beverly Hills branch of Merrill Lynch. In 1994 he joined PaineWebber, Inc. where he quickly achieved Chairman's Club status as a top producer. In 1997, William O'Neil personally recruited Mr. Morales to join William O'Neil + Company, Inc. where he spent the next eight years as a Vice-President, internal Portfolio Manager responsible for managing a portion of the firm's proprietary assets, and Manager of the O'Neil Institutional Services group responsible for advising over 500 of the largest and most successful institutional investors in the world, including mutual fund, pension fund, and hedge fund clients. Chris Kacher Chris went on to generate triple digit percentage returns for six years in a row during the 1995-2000 period before moving to cash for most of the 2000-2002 bear market, one of the worst in history. From 1996-2001, he served as chief research analyst for William O'Neil + Company, the New York Stock Exchange member firm, institutional research provider, and publisher of Investor's Business Daily newspaper. During this period, William O'Neil hand-picked Dr. Kacher to manage a portion of the firm's proprietary capital, whereupon Dr. Kacher became a top internal portfolio manager at the company. Chris has a very interesting educational background as he received his B.S. in Chemistry and Ph.D. in Nuclear Physics from University of California at Berkeley, where he co-discovered Element 110 on the Periodic Table of Elements and confirmed the existence of Element 106 for which his team named Seaborgium. Musically gifted, Dr. Kacher was classically trained on the piano beginning at age 3, composing his first song at age 5 which he called "Night Fog," and performing as a concert pianist from ages 5 to 12 in high-profile cities in the US and Japan. He released his debut CD comprised of 21 original piano compositions in 2009. What’s covered in the podcast? How Gil & Chris started to trade with very different backgrounds How Gil & Chris Made 18,000% return in the stock market What is their trader's lifestyle Fantastic pieces of wisdom And so much more... Show notes: http://wp.me/p6qxZI-zo Join The Facebook Group: http://www.desiretotrade.com/group/ Get the FREE Complete Price Action Checklist: http://www.desiretotrade.com/checklist/ Enjoy!

Choosing Your Forex Trading Broker - Part 2 Episode 29 & 30 of the Desire To Trade Podcast features Justin Hertzberg and Trent Hoerr from Forest Park FX. They share crucial elements to consider when one go about choosing a Forex trading broker. That is the first step for any trader. This interview contains a lot of material and is divided in 2 episodes. While many traders are ready to dive into Forex trading. It is important to take a few seconds and think about which broker would fit best. Various factors will influence the choice of a Forex trader's broker. In fact, this podcast episode contains the 6 things to consider when choosing a broker. About 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. What’s covered in the podcast? Trent and Justin's trading stories What's so interesting about the "broker side" The worst mistake traders make when choosing a broker 6 things to consider when choosing a Forex trading broker And so much more...

Choosing Your Forex Trading Broker - Part 1 Episode 29 of the Desire To Trade Podcast features Justin Hertzberg and Trent Hoerr from Forest Park FX. They share crucial elements to consider when one go about choosing a Forex trading broker. That is the first step for any trader. This interview contains a lot of material and is divided in 2 episodes. Part 2 is available here. While many traders are ready to dive into Forex trading. It is important to take a few seconds and think about which broker would fit best. Various factors will influence the choice of a Forex trader's broker. In fact, this podcast episode contains the 6 things to consider when choosing a broker. About 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. What’s covered in the podcast? Trent and Justin's trading stories What's so interesting about the "broker side" The worst mistake traders make when choosing a broker 6 things to consider when choosing a Forex trading broker And so much more...

Habits That Lead To Success In Trading Episode 28 of the Desire To Trade Podcast features Johan Nordstrom, a Forex trader living in Sweden. Johan launched TradingWalk, a website where he shows how to trade the markets in a smart yet powerful way and profit for life. This podcast episode turned out to highlight some important habits traders should adopt. One of the measures Johan tracks helps him stick to his plan. He mentioned the importance of establishing goals based on the trading process. Without goals, traders don't know how good they are. Johan, as an European trader must deal with another market than North American traders. I asked him about the pairs he prefers to trade. We also exchanged about a couple of noce places worth traveling to! What’s covered in the podcast? How to set goals as a trader How to meditate for great trading results A simple way to stick to your trading plan Implementing visualization for success What is the right mindset traders should get into trading with The famous typical trader's day Which pairs are best to trade as a European trader And so much more... Show notes: http://www.desiretotrade.com/dttp-028-habits-that-lead-to-success-in-trading/ Get Your FREE Complete Price Action Checklist: http://desiretotrade.com/checklist

The Professional Trader & His Trading Process Episode 27 of the Desire To Trade Podcast features Daniel Sesay, a currency and commodity trader with a very interesting background. Daniel has been in South Africa, involved in physical trading of commodities where he learned about what was really important in trading. He now shares his passion and helps traders succeed through Traders Club London. Daniel would definitely classify as a professional trader due to his vast experience. He truly understands how market works and discusses the "true value" of anything traders trade. He says trading isn't about trading patterns and having expert advisors. It's more related to understanding the behaviour of participants, as fellas supply and demand. What’s covered in the podcast? What is a professional trader How traders can use data The importance of understanding what's going on in the market Why having 20 computer screens isn't the way to succeed The power of the big picture Spending your time wisely as a trader And so much more...

Advice from a former trader on trading Episode 26 of the Desire To Trade Podcast features Stig Broderson, the co-host of The Investors Podcast - We study billionaires, which was featured in The Podcasts I Follow To Become A Better Trader. Stig During graduate school, he co-founded a consultancy firm, providing clients with legal and financial advice relating to personal finance. Upon graduation Stig sold his shares in the firm to become a commodities trader in one of Europe's leading energy trading companies. Now, Stig works as a college professor teaching a variety of courses including financial accounting, investment and economics. He also owns the investment company Stig Brodersen Holding. What's covered in the podcast? How it is to trade electricity How to make investing (or trading) work for you Why the mindset you have changes everything The books you must read (to become a billionaire) And so much more... Show notes: http://www.desiretotrade.com/dttp-026-advice-from-a-former-trader-current-investor/ Get your FREE Price Action Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Power Trader: http://www.desiretotrade.com/powertrader/ Enjoy the day!

A Mission To Help New Traders Episode 25 of the Desire To Trade Podcast features Steve Burns, a long time trader with a passion for financial markets. After his start as an investor in 1993, Steve began trading his own account in 1995. Since then, Steve has been able to achieve his greatest dreams he wrote when he was 25 years old. He started his blog New Trader U in 2011. Steve's mission is to increase the survival rate of newer traders. In fact, there's a tendency for new traders to give up fairly quickly, which is unfortunate. Steve shows aspiring traders that it is indeed possible to live from trading. His many books and the course offered at New Trader U are examples of Steve's dedication for his audience. What’s covered in the podcast? How most traders fail (hint: money management) Simple habits of successful traders like Steve How confidence and faith make great traders The top books you must read if you want to trade for a living And so much more... Show notes: http://www.desiretotrade.com/dttp-025-mission-to-help-new-traders/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Enjoy the day!

Common Problems Preventing You To Succeed Charles Miles is a struggling retail Forex trader turned professional, and former client now turned trading coach for Trade Empowered, a company specializing in creating independent and consistently profitable traders. He helps traders from all over the world, achieve the success they want and deserve. Over the course of episode 24, Charles shared common problem he sees Forex traders make most often. Among them, operating on fear and not testing properly a trading plan are two common causes of Forex trader failures. I've been in the same situation, which made it very easy for me or any struggling trader to relate. What’s covered in the podcast? The main problems traders have preventing them from succeeding How you MUST, as a trader, test your trading plan How you can turn a losing strategy into a winning one What it's like to help traders And so much more... Show notes: http://wp.me/p6qxZI-tJ Get your free Complete Price Action Checklist: http://www.desiretotrade.com/complete-price-action-checklist/

Top 3 Skills Traders Must Develop Steve Ward is a long time coach. After a career as a sport coach, he transitioned to coaching traders in 2005. Today, he works mostly with institutional players, allowing him to fully exploit his talent. Steve didn't come to trade first. In fact, he started as a trading coach even before placing his first trade. However, once he decided to trade, he had the arguable advantage of succeeding fairly quickly. Upon learning by himself, he could start trading without to much pain. Steve discussed several important concepts linked to trading discipline. That's a topic I was quite interested in as it is one of the main challenge aspiring traders face. The interview then moved on the top 3 skills traders must develop if they want to succeed over the long-run. Those, according to Steve are: Confidence Resilience Adaptability For each of those essential skills, Steve provided very simplistic ways to improve them. That is definitely something you can use for your own trading. What’s covered in the podcast? The 2 factors preventing traders from making money A simple way to bring discipline in trading How to come back on track once you're undisciplined The top 3 skills traders must develop to succeed (Confidence, Resilience and Adaptability) And so much more...

Glenn Ost is the Positive Energy Multiplier & Chief Of Edutainment at www.GlennOst.TV, his personal website where he hosts his own edutaining webshow. His mission is to Touch, Move and Inspire millions of entrepreneurs Worldwide to become REAL Game Changers, having a Significant & Positive impact & making this world a better place! What’s covered in the podcast? The food that gives the most energy The steps you can take to gain more energy The controversial impact of sleep duration on energy 5 Simple Ways To Increase Your Energy Now! And so much more... Show notes: http://www.desiretotrade.com/glenn Get the Complete Price Action Strategy Checklist for FREE! http://www.desiretotrade.com/complete-price-action-checklist/ For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com

Alwin is a Forex trader based in Kuala Lumpur, Malaysia. His philosophy of trading is very similar to mine. He describes trading, Forex in his case, as a tool to achieve and do whatever you aspire to. This is an important point to make because life is short. Trading, however, allows you to escape the masses to live your life on your own terms. What’s covered in the podcast? Why beliefs must be mastered to become a great trader How to clean old your beliefs Why traders aren't able to control emotions and what to do instead How to increase your trading return very simply How to set your trading so that you can live fulfilled and happy How to take control of your routines And so much more...

Dr. Gary Dayton is a trading psychologist standing apart in the trading world. Based on intensive research, he help traders to reach peak performance in trading by getting in the right mental state. He believes in the importance of mindfulness, or the idea of identifying and accepting your emotions while trading. As Dr. Dayton states, it is impossible to avoid our emotions. As traders, the only thing we can do is live with them but act in a proper way. What's covered in the podcast: Show notes: http://www.desiretotrade.com/gary Get the Complete Price Action Strategy Checklist for FREE! http://www.desiretotrade.com/complete-price-action-checklist/ For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com

Randy Tudor is a longtime Forex trader and stock market investor. He has made the study of financial and tax matters his life-long pursuit. Before opening the doors to his first successful business in 1983, he held various positions and roles with several fortune 500 companies. Since then, he has operated his own accounting, tax and financial planning firms, and has earned numerous financial and accounting certifications along his journey. Randy has had the opportunity and pleasure to personally work with hundreds of clients in handling financial matters, investing in the stock market, trading Forex, and in learning how to become financially independent by utilizing optimal investment strategies. What's covered in the podcast: How Randy was able to follow only one trading strategy and succeed The biggest mistakes people make The money management principles you must apply to succeed How Randy uses rules to succeed How Randy taught his son to trade The best part about being a trader And much more... Get your FREE Forex Introduction eBook: http://www.desiretotrade.com/free-forex-introduction-ebook/ For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com