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

How To Trade The Daily Chart In Forex (from a pro trader!) In episode 208 of the Desire To Trade Podcast, I sit down for a 2nd time with The Lazy Trader to discuss how he is trading daily charts in the Forex market. Rob trades exclusively on the daily and weekly time frames. His goal is to have the life he desires first. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Who is The Lazy Trader and what he does 01:00 The importance of using higher timeframe charts for freedom 02:09 What are the steps to start trading the higher timeframes 04:08 How can someone trading the weekly chart be more profitable than someone trading intraday 06:28 How to handle the small number of trades that one takes with a weekly timeframe trading 11:10 Why The Lazy Trader would use the same strategies on the higher and lower timeframes 13:27 Sponsor: Soft4FX (manual backtesting software for MT4) 16:38 How Rob uses scaling into trades to for increased profits 17:48 What type of patterns The Lazy Trader trades 19:29 Moving your SL vs scaling out of a trade 21:20 How to use your "free" time obtained from trading the weekly charts 22:54 Why Rob doesn't trade penny stocks 25:16 How to more easily understand major Support/Resistance areas in charts 27:24 What are The Lazy Trader's students' biggest mistakes while developing (being too lazy) 31:22 How Rob and Etienne keep consistency in trading while traveling 32:29 Where can you find The Lazy Trader36:55 Joint webinar announcement (sign up here!) 37:26 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 SPONSOR: Soft4FX (manual backtesting software for MT4) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended broker: AxiTrader (use our link to get a special bonus) 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 How To Find The Lazy Trader? E-mail The Lazy Trader website Register to Exclusive Trader Masterclass ft. The Lazy Trader What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Managing MILLIONS - How This Trader Trades Professionally in Florida In this episode 210 of the Desire To Trade Podcast, I interview Michael Toma, a full-time option & futures trader whom I work with inside the Desire To Trade Academy. Michael recently got a deal to trade millions from investors in China. He shares how that has worked for him, as well as how he's managing that kind of money! Are you ready for it? Watch the video interview! Topics Covered In This Episode Who is Michael Toma and what he does 00:47 How to get investors capital 04:57 A tour of Michael's trading setup 07:52 Sponsor: Soft4FX (manual backtesting software for MT4) 09:39 Biggest challenges of managing capital 10:46 How to simplify communication with investors 13:48 How to decide your compensation as a manager 14:47 How much time you need to manage clients money 15:45 Michael's goal with his education and money management business16:58 The mindset shift required to manage money 19:30 and much more Resources Mentioned SPONSOR: Soft4FX (manual backtesting software for MT4) The Risk of Trading: Mastering the Most Important Element in Financial Speculation (Wiley Trading Book 536) By Michael Toma Recomended broker: AxiTrader (use our link to get a special bonus) DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (special signup offer) AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) Desire To TRADE Academy How To Find Michael Toma? E-mail Desire To Trade Academy What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Daily Chart Trading Success Stories In episode 209 of the Desire To Trade Podcast, we're listening to the stories of Daily chart Traders! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. In this Forex Trader Motivation video, you'll be hearing the stories of how successful daily chart traders got to where they are now and how hard they work to stay on top. Subscribe on Youtube! Watch the motivational video! Interviews Used For This Episode 0:11 The Lazy Trader: Successfully Swing Trading Forex Like The Lazy Trader 3:08 Andrew Mitchem: Freedom Lifestyle Forex Trading Across Multiple Time-Frames DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Full-Time Forex Trader Q&A In episode 208 of the Desire To Trade Podcast, I am joined by Alejandro from the DesireToTRADE Team to answer your questions about trading. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... What does a perfect trade mean and should you trade only "perfect" setups? 01:33 Is your trading system irrelevant? and can good money management make any system profitable? 03:52 Do we trade systematic or discretionary systems? 09:03 Should you trade and master 1 instrument or trade a group of instruments? 11:48 Should one start live trading with day trading or swing trading? 15:13 How to deal with "large bank manipulation"? 20:27 How much capital do you need to trade for a living? 27:51 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 Soft4FX (manual backtesting software for MT4) TickDataSuite (high-quality data for algo backtest on MT4) Making a Living Trading Forex video series One-Page Trading Plan DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) 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

5 Reasons Why Your Trading Strategy Isn't Making You A Living Yet!! In episode 207 of the Desire To Trade Podcast, I am joined by Alejandro from the DesireToTRADE Team to talk about the 5 reasons why your trading strategy isn't making you living yet. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... 1st reason: untested plan 01:16 What is the process traders should use for backtesting their strategies 03:05 2nd reason: not using high-quality data 05:32 Recap 07:03 3rd reason: making a lot of mistakes in live trading 07:27 4th reason: not understand the risk profile of your strategies 09:03 5th reason: trading a system not suited to your personality and life 13:16 Open Q&A 19:16 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 Soft4FX (manual backtesting software for MT4) TickDataSuite (high-quality data for algo backtest on MT4) Edgework (Trading Journal ) One-Page Trading Plan DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) 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

Full-Time Forex Trader Discussion (Lifestyle, Money, Millionaire Habits, etc.) In episode 206 of the Desire To Trade Podcast, I get interviewed by TraderNick and share my best tips on lifestyle, traveling and trading, and more! Are you ready for it? Watch the video interview! In This Episode, You'll Learn... What are the places that Etienne goes back a lot 01:31 How Etienne manages trading and traveling 02:04 Which have been Etienne's most memorable moment from meeting traders all around the world 03:54 How long has Etienne been trading 06:18 How to go about finding people to invest in you as a trader 07:45 What are the common traits Etienne finds in consistently profitable traders 09:30 What are the trading styles that have resonated most with Etienne 12:30 What is holding you from making money consistently in the markets 16:05 Is trading a science or an art? 19:34 What is Etienne's trading routine 26:08 The reality of a consistently profitable mindset 30:30 Focus on your own first, the money comes later 36:17 Manage money correctly to avoid working double 39:48 The value of mentorship 40:51 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 Trader Nick's channel Recomended broker: AxiTrader (use our link to get a special bonus) 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 Me? Instagram Website 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

Making A Profit in Gaps & Futures Trading In episode 205 of the Desire To Trade Podcast, I interview Latoya Smith-Dean. She is a full-time futures, stocks, and Forex trader based in Boston, United States. Latoya has been trading for over 10 years. She started trading part-time while having a full-time job in finance. After that, she quit her job to trade full time. Are you ready for it? "Rules within a plan should be developed based of your habits and past experience" 29:32 Watch the video interview! In This Episode, You'll Learn... How did Latoya Smith-Dean get involved into trading and her story to full-time trading 02:23 What was Latoya's learning curve from going part-time to fill time trading 11:22 Letoya's current trading style 16:28 How Latoya trades FOREX and futures differently than stocks 19:25 How Latoya found her mentors 19:59 How new traders should go about finding and sticking to a mentor 22:21 The most common mistake new traders make 24:14 Some of the "simple" things that Latoya was missing in her development 25:56 How Latoyamakes sure she is trading in the right times and avoid overstaying 27:08 How hard its to implement strong rules in your plan? 30:28 What are the things that Latoya do in order to stick to her rules 31:17 How to trade when you have kids and other distractions at home 33:46 Where to find and connect with Latoya 37:04 What are Latoya's goals for the future 37:33 Latoya's main motivation for trading and giving back to the community 40:03 Latoya's top piece of advice for developing traders 44:19 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 TheProfitRoom (use coupon code "Etienne" to get a 10% discount) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recomended broker: AxiTrader (use our link to get a special bonus) DesireToTRADE Academy How To Find Latoya Smith-Dean? Twitter Website 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

Technical Trader Who Started A Massive Prop Firm In episode 204 of the Desire To Trade Podcast, I interview trader & prop firm founder Richard Jackson. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Trade what you see, not what you think 00:44 How did Richard start to trade 01:25 How tough was Richard's learning curve 03:13 Why youtube, articles and books didn't work for Richard 04:51 How important are losses for a developing trader 07:16 How Richard makes sure he doesn't take trades he shouldn't take 09:04 How to understand what other traders see in the markets 10:44 What is Richar's trading style 11:52 What Richard looks in the market for a trade (step by step process) 13:10 How Richard uses indicators and technical tools for trading 16:22 How should new traders go about learning to trade 18:20 Richard's 2 businesses (prop firm and money management) 19:28 How to find a good trader 21:53 Why traders give up 22:57 Why Richard never gave up 24:03 Richard's top advice for traders looking for a mentor 24:48 How can you find Richard 28:42 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 Convergence 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 Richard Jackson? Twitter Website 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

Using Trading Systems To Make A Living In episode 203 of the Desire To Trade Podcast, I speak with Scott Welsh, a systems trader. We discuss his story as a Forex trader as well as how he was able to develop simple systems to make a living in the market. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Who is Scott Welsh and what he does? 02:16 How Scott started trading 03:23 How was the Scott's transition from Stocks to Forex 05:38 Scott's main mistake when learning to trade 07:04 Biggeset turning point in Scott's trading career 08:31 How Scott handles long periods of profits or losses 12:08 Why Scott loves to trade with algos 13:13 How does Scott gets his systems programed? 15:45 What is Scott's trading style 16:53 What are the type of things that Scott's strategies look for 19:44 How does Scott monitor and review his algo strategies 22:08 Scott's advice for traders going into Algo trading 23:56 How Scott goes from testing to trading his Algos 25:58 What type of equipment and technology Scott uses to run his Algos 28:53 Scott´s recommendations for all traders 31:14 How Scott manages when Algos are not working well and have to be droped 24:23 What Scott needs to trust his trading systems 36:59 How can you find Scott Welsh 38:15 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 Virtual Private Server (VPS): AccuWebHosting FXVPS VPN: Torguard VPN (use coupon code DTT10 for a 10% lifetime discount) 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 Scott Welsh? Twitter Website 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

From Electrical Degree To Trading While Traveling In episode 202 of the Desire To Trade Podcast, I sit down with Austin Semeniuk, a Forex trader whom I met in Da Nang, Vietnam. He is currently traveling while making an income from his trading. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Who is Austin Semeniuk and how he got into trading 00:28 How Austin went from newbie to profitable 01: 38 Austin's opinion on free forums and chat rooms 03:06 What are the steps that Austin took to develop as a trader 06:12 You need patience to develop your strategy 07:29 How does Austin trading style looks like now 09:29 The value of a mentor in your trading career 11:07 How was Austin's transition from learning to trading full-time 12:54 How to become a top performer 15:20 The importance of keeping a journal 17:10 The challenges of going from a full-time trader to traveling trader 17:53 How to find Austin 21:15 How Austin got capital to trade for a living 23:06 Austin's risk management and mindset secret 25:10 What are the plans and goals Austin has for the future 26:56 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 Austin Semeniuk? Twitter IG: @MoneyballAustin 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

Daily Chart Trader Strategies and Indicators Deep Dive In episode 201 of the Desire To Trade Podcast, I am sitting down for an in-person currency trader interview with Jim Brown in Da Nang, Vietnam. Living in Da Nang, Vietnam for over 2 years now, Jim has developed a methodology using technical indicators to trade roughly 60 currency pairs on a fairly high timeframe - the daily chart. This trading methodology allows him to reduce his screen time to less than an hour a day, and thus enjoy the beautiful beaches Vietnam has to offer. Watch the video interview! Topics Covered In This Episode Who is Jim Brown and what he does 01:24 What has been Jim's trading progression 01:50 What is Jim's thought process of adding or testing new indicators 3:44 [Start showing the charts] 05:50 Jim's trading charts setup explanation 06:14 How Jim hedges his trades to manage risk 11:44 How long does Jim take to check his 26 pairs for trading 28:22 How can you get the indicators that Jim uses to trade? 30:59 And much more… Resources Mentioned Backtesting Software: Forex Tester 3 Backtesting Expert Advisor for MT4: SoftFx Simulator Grab Jim Brown's books w/ free indicators DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Jim Brown? JagFx Facebook Group Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Swing Trader Success Story (Becoming A Prop Firm Trader) In episode 200 of the Desire To Trade Podcast, I interview prop firm trader John Jost, whom I invited to share his swing trader success story. Are you ready for it? John is a successful swing trader & chiropractor based in Denver, Colorado. He has now earned a funded account with The5%ers prop trading firm. His style of trading reflects around price action, major support & resistance zones, longer time frames, good risk management, and minimal to no indicators. What's was particularly interesting for me is the fact that John has gone through the Desire To Trade Academy. He says it taught him things that he hadn't learned before. Another course John took is the one from The Lazy Trader. So without further ado, let's welcome him on the Desire To Trade Podcast! Watch the video interview! In This Episode, You'll Learn... John's trading story 1:38 The kind of "chart time" that makes a trader successful 6:00 The MAJOR shift from indicators to price action 6:40 The difficulties with price action trading 9:45 What to do if you have a tough time with support and resistance areas 10:54 How to wait for the right trade setup 13:14 The BEST way to handle drawdowns 14:30 How John began trading for a prop firm (The5%ers)16:10 How to treat trading for a prop firm 20:03 The most important risk management lesson 23:00 Advice to jump to a live trading account 25:03 What John wish he did differently 26:03 The day in the life of a successful swing trader 27:25 Habits that made John a better trader 29:14 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 Transformational Program: Desire To Trade Academy Course: The Lazy Trader Prop Firm: The5%ers 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 John Jost? Facebook Group 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

Becoming A Profitable Trader by Working on Yourself! In episode 199 of the Desire To Trade Podcast, I interview full-time trader Chris Tate based in Melbourne, Australia. Chris is one of the first people to ever release a share trading book in Australia and has had an extraordinary impact on thousands of traders. Best selling author of The Art of Tradingí and The Art of Options Trading in Australia, his brutally honest approach and meticulous pursuit of excellence, ensure that exceptional traders all around the world quote his market comments. He has seen all types of markets, traded practically every instrument available, and shown others how to profit from every market condition. Chris is in constant demand for his keynote speaking skills due to the outrageous success of his presentations for every major share trading exchange in Australia. So without further ado, let's welcome him on the Desire To Trade Podcast! Watch the video interview! In This Episode, You'll Learn... Why working on yourself will improve your trading 3:30 Chris Tate's first involvement in trading & story 4:34 How Chris developed his current trading style 12:37 How you can keep your trading simple 15:54 The BEST advice if you can't let your trades run 18:00 How to use a trading journal for your thoughts 22:54 What the typical day of a trader is like 24:50 The type of algos Chris uses in his trading & why 26:50 How to transition from manual to algo trading 28:20 The negative effect of social media on trading 32:40 HUGE advice if you're feeling overloaded by trading information 34:30 The MOST IMPORTANT thing to accept as a trader 37:20 What to do if you get bored easily (wealth creation vs. cashflow) 38:47 Why the capacity to evolve is HUGE & how to do it 45:00 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 Louise Bedford's interview: High-Performance Full-Time Trading ft. Louise Bedford Books by Chris Tate 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 Tate? Website 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

Success Story Behind Starting A Forex Broker - Arif Alexander Ahmad In episode 198 of the Desire To Trade Podcast, I interview Arif Alexander Ahmad, Managing Partner at Scandinavian Capital Markets. In this interview, he tells us about the story behind the creation of SCM and how they do things differently to others. This interview is made in the "Lets Talk Brokers" format we run once in a while on the Youtube Channel. Watch: Video interview! In This Episode, You'll Learn... Who is Arif and what he does 00:50 What platforms does Scandinavian Capital Markets offer 02:59 Leverage & money management 06:30 Withdrawals & Deposits 08:37 Spread & commissions 10:43 Customer service & member interface 13:46 How you can find out more about Arif 17:35 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 Open an account with Scandinavian Capital Markets 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 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

Confessions Of A Champion Algo Trader - Kevin Davey In episode 197 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 and new book Entry and Exit Confessions of a Champion Trader. 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. Strategy Factory® Workshop (use our link and email us your receipt to get a special bonus from DesireToTRADE) Watch: Video interview! In This Episode, You'll Learn... Who is Kevin and what he does 00:35 How was Kevin's evolution as a trader 04:24 How Kevin went into algo trading 07:50 How Kevin searches for trading strategy ideas 11:52 How Kevin improves and selects his working strategies 14:20 Why Kevin uses purely mechanical systems without discretionary filters 17:59 How to manage the risk when running many systems together 21:31 How Kevin looks to Swing vs Day trading systems 25:06 What metrics does Kevin look to evaluate his systems 27:09 Kevin tells us what is the biggest mistake he sees algo traders make 28:43 How to look at entry and exit strategies when building a strategy 31:30 How to find Kevin and his new book 34:14 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 Books Strategy Factory® Workshop (use our link and email us your receipt to get a special bonus from DesireToTRADE) 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

Successful Day Traders tell their stories In episode 196 of the Desire To Trade Podcast, we're listening to the stories of Day Traders! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. In this Forex Trader Motivation video, you'll be hearing the stories of how successful day traders got to where they are now and how hard they work to stay on top. Subscribe on Youtube! Watch the motivational video! Interviews Used For This Episode 0:20 Stefanie Kammerman: Female Stocks Day Trader On Dark Pool Trading 4:30 Raman Gill:The Process & Mistakes Behind A Successful Forex Day Trader 10:30 Andrew Aziz: Full-Time Day Trader Secrets and Tricks DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Live Full-Time Forex Trading Q&A from Krabi, Thailand! In episode 195 of the Desire To Trade Podcast, I am sitting down with Alejandro. Today we have a live Q/A session taking questions we have been asked a lot as well as your questions on the chat. Watch: Video Live Q/A Topics Covered In This Episode What are the requirements for prop-firms or investors? 1:35 Single vs. multiple t/p? 10:27 Do we trade harmonics? 13:33 Can you trade the BB R strategy in a lower timeframe? 16:34 How to start learning to code algos 19:48 Books recommended by Etienne to learn Price Action 25:05 How many trades are too little in a year? 27:07 What to do if you have not had consistency trading 30:05 How capital you need to start and to live from trading 33:05 and much more Resources Mentioned Join the Academy Trading Assistant Psyquation AxiTrader (get 30% bonus on your deposit) Video Interview With Van Tharp Forex trading strategy we use FXPro Quant (free EA builder tool) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Trading Psychology: Successful Trader Key In episode 194 of the Desire To Trade Podcast, we're talking mindset! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. In this Forex Trader Motivation video, you'll be hearing a compilation of advice on trading psychology and what some of the most successful traders in the world consider as the key. Subscribe on Youtube! Watch the motivational video! Interviews Used For This Episode 01:24 Mandi Pour Rafsendjani: Creating The Right Mindset For Trading 02:48 Mandi Pour Rafsendjani: Trading Psychology: Why It's NOT Working For You... 06:55 Louise Bedford: High Performance Trading & Making It Full-Time DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

5 ALGORITHMIC TRADING Lessons (learned the hard way)! In episode 193 of the Desire To Trade Podcast, I am sitting down with Alejandro, a hybrid swing and day trader that became a collaborator at Desire To Trade Academy. Today we discuss 5 trading lessons related to algorithmic trading that we learned the hard way. Watch: Video Interview Topics Covered In This Episode Who is Alejandro Pérez and has been his trading path 00:54 Alejandro's development as an algo trader 03:38 How to handle drawdowns when implementing an algo strategy 07:51 Have alerts at the extremes of "normal" risk limits 10:18 When to know your strategy stops working 12:52 Thinking of algos strategies stats like "investment" profiles 16:18 Turning your algos during economic events/ news 17:44 The importance of always keep running your algos in demo even when they are already live 20:20 How often you go back and test potential improvements to your algos 22:17 What platform Alex uses to program his algos 25:22 How to know that you are ready to advance to the next step with your algo strategy development 28:02 The importance of keep working in your development process 34:55 Having different strategies to work on different market conditions 36:12 and much more Resources Mentioned Join the Academy Trading Assistant Montreal Traders Meetup ForestParkFx Forex trading strategy I use FXPro Quant (free EA builder tool) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Alejandro Perez? DesireToTRADE Academy Twitter @alexter6277 What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Full-Time Automated Trading In episode 192 of the Desire To Trade Podcast, I interview Matt DeLong, an algorithmic trader & business owner to discuss the process of running a fully automated trading business. Over time, Matt went from being a manual day trader to making returns in the market through the use of algorithmic trading strategies. While I find interest in the topic of algorithmic trading, I find a lot of value in speaking with people who are in-the-action and executing on their ideas. That's primarily why I wanted to bring Matt on the show! Watch: Video interview! Previous interview with Matt: Moving To Automation Topics Covered In This Episode How has Matt DeLong's algo trading development progressed since last year 00:36 How to start to create an automated trading system 02:40 The second step in creating a fully automated trading portfolio 06:06 The process to identify characteristics your strategies need 10:00 When to know how many strategies is enough? 14:10 The importance of good data for automated trading systems 15:09 Why Matt uses AWS as its cloud software platform 21:36 Why you need to build a "trade manager" 24:29 Importance of brokers for automated trading 29:07 The importance of having proper risk positioning and risk models in your strategies 35:48 How Matt systems manage multiple positions from different strategies in 1 instrument 38:46 Where can people find Matt DeLong 48:05 and much much more!! Resources Mentioned Recommended Udemy Course: Build Your Trading Robot Matt's charts: TradingView Financial website: Finviz DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Connect with Matt DeLong? Parabolic Capital Quora TradingView Twitter Email What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Scalping Price Action For A Living In episode 191 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino. Being a Forex trader first, Nick started to apply his price action knowledge into the crypto trading world and is currently developing price action strategies mainly for Bitcoin. Watch: video interview! Previous Interview with Nick Bencino: How To Trade Fundamental Analysis In Forex Topics Covered In This Episode Who is Nick Bencino and what he does 00.58 Nick's trading style 03:42 What structures is Nick trading at the moment? 05:39 How to approach the changing market conditions 7:50 How Nick adapts his trading strategy to different timeframes 14:04 How to go about trading strategies not performing as in the past 19:50 How Nick spots the market conditions changes 21:50 How Nick would trade in another crash scenario 26:40 How Nick trades in a low volatility market 30:07 How important it is to learn to adapt to different market environments 34:50 Where you can find Nick Bencino 37:49 And much more! Resources Mentioned Article by Nick Bencino: How to trade forex low volatility DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Nick Bencino? Forex4Noobs Cryptos4Noobs Twitter @cryptos4noobs What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Anyone Can Trade For A Living In episode 190 of the Desire To Trade Podcast, I sit down in Hong Kong with professional with fund manager Ray Barros in Hong Kong 1 year after our initial interview. A lawyer by profession and training, Ray gave up his lucrative law practice in the 1980s to focus on his first love – trading. His initial attempts at trading failed miserably and he suffered heavy losses. But, after making all the mistakes in a trader's manual and then some, Ray finally hit on a trading approach that gives him the market edge. This approach has proven effective in both trending and congested markets, allowing him to trade profitably and consistently. Thereafter, he was highly sought after by major banks to manage their funds. At the same time, he was also very much sought after as a trainer to train other institutional traders based on the strategies and techniques he developed. In the early 1990s, he became an outsourced FX Trader and this gave him the flexibility to focus his next great passion – teaching. Signup for the upcoming exclusive webinar! Watch the video interview here!! Watch the first interview with Ray: From A Lucrative Job To Professional Trader And Fund Manager Topics Covered In This Episode Who is Ray Barros and what he does (00:38) Why Ray took a break from trading education (00:58) The framework that Ray and his students developed (2:52) How Ray uses trading stats with his students (03:46) The importance of keeping a trading journal (06:50) How does Ray journal look like (09:00) How to use your journal to learn and improve (12:15) How Ray finds solutions when he makes mistakes (13:16) How to find a support group as a trader (14:27) An explanation of the 4 phase framework Ray and his students developed (17:00) Methods for reducing losses in trading (21:06) How this 4 phase framework can be used by different traders (22:48) What common mistakes Ray have seen traders do (24:28) How to add to your positions (26:07) How Ray manages his risk (28:10) How does Ray recommend people to start learning and evolving as a trader (29:56) Always learn and always improve (32:53) How can people find Ray Barros (33:43) Resources Mentioned Trade Journaling: Edgewonk (use code "DTT20" to get a discount) Book: The Nature Of Trends (by Ray Barros) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Ray Barros? Trading Success Twitter Signup for the upcoming exclusive webinar! What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

More Profit, Less Trades - Show Notes In episode 189 of the Desire To Trade Podcast, I sit down with full-time trader Moritz Czubatinski in HongKong to talk about how to get more profit with fewer trades. Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf. Watch the video interview here! Topics Covered In This Episode Who is Moritz and what he does 00:43 What has changed in Mortiz Trading in the past year 01:31 How did Moritz transition from Day Trading to Swing trading 03:09 How does Moritz scale his trading now VS when he was a Day Trader 04:38 When did Moritz replace his Day Trading fully with Swing Trading 05:19 What whee Moritz challenges going from Day to Swing trading 06:33 Considerations for people that want to start a fund 08:36 Who is part of Moritz trading dream team 17:44 How does Moritz organize his working day 21:26 Where can you find Mortiz 22:36 Resources Mentioned Trade Journaling: Edgewonk DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Moritz Czubatinski? Tradeciety Facebook Twitter Email What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Technical Analysis Process and Managing Money – Show Notes In episode 188 of the Desire To Trade Podcast, I sit down in Phuket, Thailand with full-time trader Jason Sen. We discuss his technical analysis process as well as his experience managing money for other people. Watch the video interview here! Topics Covered In This Episode Who is Jason Sen and what he does? 00:45 What is the benefit for a trader to have a daily market report? 03:22 What is Jason's Sen process to analyze the markets 04:45 How Jason adapts his indicators based on market conditions 06:44 How Jason is able to trade the 4H, Daily and Weekly charts with 30 pip SL 07:34 What Jason recommends to learn to trade 9:42 That time Jason thought of giving up trading 11:30 How Jason manages trading and managing his real estate business 13:43 How Jason started trading other people's money and how it is working for him 15:22 How Jason structured the fees trading for others 18:30 What are Jason's recommendations for traders that want to manage other people's money 19:15 Jason's mistakes during his trading career 21:28 How Jason does his Stop-Loss management 23:31 Jason's, last minute advice for traders 25:30 Where to find Jason Sen 26:35 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Jason Sen? Website Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Reality Of Trading Professionally – Show Notes In episode 187 of the Desire To Trade Podcast, I sit down with James Whelan and Daniel Moss in Sydney. Both work for VFS Group, a private wealth management fund. I wanted to discuss with them what it's like to trade in a firm of the sort and what you can expect as well if you ever decide to trade professionally. In 2014, VFS Group was admitted to the BRW Top 100 Fast Starter list. In 2015, Danny was named NSW Business Chamber Young Executive of the year for the Sydney region. Watch the video interview here! Topics Covered In This Episode How it's like to work in a group of traders 1:20 What is done at VFS Group 1:45 The type of tasks traders perform in institutions 2:05 What you need to do to trade professionally 3:00 Communication in a team of professional traders 4:56 How & why the traders transitioned to trading algos 9:50 The type of data traders look for to make decisions 12:30 Changes coming up in the managing money industry 15:35 How to communicate with clients when trading professionally 16:54 How to handle drawdowns with clients 18:30 How to get clients and understand their risk profiles 19:30 One GOLDEN piece of advice! 22:30 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find James Whelan & Daniel Moss? Website James Whelan on Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Top 3 Trading Tips From Full-Time Trader – Show Notes In episode 186 of the Desire To Trade Podcast, I interview Karen Foo, a Forex trader, motivational speaker, and author. After ranking #1 in a Singapore nationwide Forex trading competition, she came on the podcast to share the lessons she learned prior to becoming a profitable Forex Trader. Watch the video interview here. Topics Covered In This Episode Karen's First tip for beginner traders, DONT RUSH (00:58) Karen's Second tip for beginners, stop looking for the holy grail (02:43) Karen's Last tip for beginners, be great at risk management (05:34) More About Karen Foo Karen is actively involved in speaking at various conferences, seminars, expos, workshops, toastmaster clubs and publicly-held events in Singapore and Malaysia. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of youths working executives and leaders of various companies to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING AND ENGAGING TALKS. Being labeled as the "quietest student and underachiever" throughout her life, she went on to win numerous awards in public speaking contests, scholarships and hosting large-scale events as an emcee. She was then featured in various print media for her academic achievements. She has also been invited to speak at an international conference to leaders from Brunei, China, Hong Kong, Laos, Malaysia, Vietnam, Indonesia, Myanmar, and Singapore. Karen has been ranked #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, and SMU. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She has shared the stage with top investment gurus and CEOs at an international expo held at Marina Bay Sands. She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to the National level contests. DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Karen Foo? Website Facebook Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Ways Traders Screw Up - Sow Notes In episode 180 of the Desire To Trade Podcast, I sit down in-person for the first time with Mandi Pour Rafsendjani. She discusses 5 ways traders screw up in their trading. Those are trading mistakes you want to avoid at all costs...but Mandi is good to share action steps you can easily take for each of those ways traders we've seen screw up. Watch the video interview here. 7 Simple Ways: Stick To Your Trading Plan Topics Covered In This Episode Who is Mandi and what she does [00:54] The first way traders mess up, beating yourself up [01:57] The second way traders mess up, preparation [06:06] How Mandi prepares herself properly for trading [07:22] The third way traders mess up, putting yourself first [11:20] The fourth way trades mess up, apply what you learn [22:05] The fifth way traders mess up, filter what you take in [23:50] Resources Mentioned 7 Simple Ways: Stick To Your Trading Plan DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Mandi? Tradingpsichhology.com.au highperformancetrading.com.au Facebook LinkedIn Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

The Best Trading Capital Funding Platform - Michael Berman – Show Notes In episode 184 of the Desire To Trade Podcast, I interview Michael Berman, co-founder of PsyQuation. He gives an overview of the PsyQuation platform and how you can combine it to an AxiTrader account to get trading capital (i.e. trade for others). Open an account with AxiTrader (30% trading credit promo w/ min $1k deposit) Watch the video interview Topics Covered In This Episode Who is Michael Berman and what he does [00:33] How was Michael's first experience with trading and how that evolved to Prop Trading [02:17] How PsyQuation came to be [05:51] What is PsyQuation and what is it about [07:49] How does PsyQuation work as an incubation platform for traders [10:20] How does a trader get a PsyQuation score [14:01] How does the PsyQuation score can help you become a funded trader [14:46] What are the new updates and plans for the future for PsyQuation and the amazing tools they are developing for traders [18:34] How you can find more about Michael Berman and PsyQuation [ 24:09] And much more! Resources Mentioned Open an account with AxiTrader (30% trading credit promo w/ min $1k deposit) PsyQuation DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Michael Berman? PsyQuation What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Successful Traders Understand Flow - Chris Weston – Show Notes In episode 183 of the Desire To Trade Podcast, I interview Chris Weston. He is a Forex trader & Head of Research at Pepperstone. I had the chance to speak with him on my recent trip to Australia at the Pepperstone offices in Melbourne. Chris has made several appearances on television discussing the markets and is a trusted source of market commentary. Watch the video interview Topics Covered In This Episode Who is Chris Weston, his path and what he does (00:42) How was Chris Weston's beginning as a trader (04:53) How can retail traders understand "flow" (07:49) How Chris Weston sees price action (10:45) "Get off your trade based on the candlesticks instead of your P/L" (16:56) The first thing Chris Weston looks at when entering a trade (18:26) What is Chris Westons's interest in macro (23:27) Why each trader should understand what works for you (39:17) What does Chris Weston routine and day look like? (42:58) And much more! Resources Mentioned Daily Fix DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Chris Weston? Daily Fix Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Forex Trading For Financial Freedom - Navin Prithyani – Show Notes In episode 182 of the Desire To Trade Podcast, I sit down with full-time trader Navin Prithyani from Urban Forex to talk about trading for financial freedom. Watch the video interview Navin has been trading Forex for well over a decade. During this time he went through all the phases of a successful trader and through all the hardships to reach every next phase. These days Navin is giving back to the trading community by teaching his knowledge to both new and experienced traders. During this process, he also discovered that he also has a talent for teaching. Navin prepared a special Strategy Video to go over his strategy, check it out here Topics Covered In This Episode Who is Navin Prithyani and what he does [01:35] What were Navin's "making it work" phases [05:41] How Navin Prithyani made the money mindset shift in his trading and life [07:56] The importance of perseverance in your trading [09:26] What are the aspects in which most traders fall when developing [10:49] Navin's trading process - the 4 phases [12:18] Navin's recommendations for traveling and trading [16:23] How Navin gets into his A game [20:02] The importance of adapting strategies to yourself instead of trying to copy [23:09] How is Navin integrating technology into his trading [24:17] Navin's opinion on "phone" trading [26:47] What are Navin's breakthroughs from the past year [30:11] And much more! Resources Mentioned Plan YOUR Forex Trading Success Journey! [Video] Massive Success As A Digital Nomad Forex Trader [Video Inteview] EXCLUSIVE: Watch The Strategy Video by Navin Prithyani DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Navin Prithyani? Urban Forex Facebook Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Build a Forex Trading System In episode 181 of the Desire To Trade Podcast, I interview Scott Phillips, a full-time Forex swing trader living in Bangkok. Watch the video interview here. Topics Covered In This Episode Who is Scott Phillips and how he got into trading [00:34] What Scott trades and how is his trading day [03:48] How Scott changed from a losing trader to becoming consistently profitable [7:00] What Scott considers the biggest predictor of future success [10:00] How does Scott keeps track of his trades and journaling [13:53] How has Scott refined and optimized his strategies by using his trading journal [16:53] How Scott keeps on top of his trading when he travels [19:00] What are the common things people do wrong when they try learning to trade [20:14] What Scott thinks of indicators [21:50] What is Scott's top recommendation for traders [23:08] Scott Phillips' goals for the future [24:49] DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Scott Phillips? Website Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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