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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Trading Price Action With Support And Resistance – Show Notes In episode 132 of the Desire To Trade Podcast, I interview Nick Bencino, Forex trader & founder of the Forex trading blog Forex4Noobs. We discuss how to trade price action with support and resistance areas as well as a couple of other very applicable topics! The reason why I decided to bring Nick on the show is that he was one of the people who directed me toward price action in the early years of my Forex trading journey. Nick has a very down-to-earth approach and a similar trading style to mine. Most traders can definitely learn something useful from his trading method. Watch the video interview! Topics Covered In This Episode Why Nick Bencino trades higher timeframes 4:20 How Nick Bencino started to trade at 15 years old 6:02 The process Nick went through to learn about price action 18:18 What Nick Bencino considers as price action 12:45 The timeframes Nick likes to trade 15:30 A controversial opinion on candle close 18:38 Where new traders should start to learn trading price action 20:35 How to deal with subjectivity in placing support and resistance areas 23:40 How often Nick replaces his areas and start fresh 26:25 How Nick validated his trading methodology 28:30 How Nick takes profit on his trades 32:20 The top challenges people have trading price action 33:55 How to decide what pair to trade 36:00 The most important traders must do 39:58 Resources Mentioned Steve Nison's Japanese Candlesticks Charting Technique Nick's new site: Cryptos4Noobs 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 Nick Bencino? Forex4Noobs 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!

How To Make A Living With Forex Trading – Show Notes In episode 131 of the Desire To Trade Podcast, I bring back London session Forex day trader Jason Graystone to discuss how to make a living with Forex trading. During his previous interview on the podcast, Jason mentioned the idea of "selling out" as a major reason for his success in trading. In this interview, we go a little more in-depth concerning what Jason had to do in order to make a living with Forex trading. Watch the video interview! More About Jason Graystone Previous interview with Jason Graystone (#016) Topics Covered In This Episode How Jason Graystone achieved his goals by "selling out" 5:05 A powerful shift of mindset 7:25 How & why to trade the London session 8:52 The timeframes Jason uses for day & swing trading 11:30 What Jason does when he misses a trade 13:08 How long it took Jason to become a profitable trader 15:28 What would Jason do differently in his trading journey 17:34 How to deal with stress & stay calm when going all-in on trading 18:25 A nice advantage of trading for a living & building a business 20:50 The biggest psychological shift in Jason's trading 22:25 A psychology thing people do wrong (uncommon) 24:56 How & when Jason reviews his strategies/trades 27:05 How do you become a "certified Forex trader" 29:15 How to create a good strategy & playbook 32:15 Jason's favorite patterns & strategy 33:25 Jason Graystone's trading environment essentials 34:25 Why Jason has a BIG whiteboard in his trading room 35:40 Jason's thoughts on Bitcoin (very interesting for the future) 37:00 How to use price action to take a trade 39:27 All about the Tier One Trading platform (Jason's new venture) 40:15 The impact of teaching on your own trading performance 43:20 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 Jason Graystone? Tier One Trading 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!

Price Action Trading Setups That Work – Show Notes In episode 130 of the Desire To Trade Podcast, I bring back Forex price action trader Paul Langham. Paul spent a great amount of time trying to understand how banks were involved in the Forex market. That involved looking at price action. This work allowed Paul to work for major European and UK banks. He got introduced to the market after developing an interest in horse racing bets. That, although trading is fairly different in various ways, helped Paul develop a sense of probabilities that served him in his trading career. Watch the video interview! More About Paul Langham Previous interview with Paul Langham (#080) "Nobody can predict the market." - Paul Langham Topics Covered In This Episode A bit of background on Paul Langham 3:35 What trading looks like in a bank 9:35 Should you consider the news when trading? 14:00 Strategies for higher & lower timeframes 16:30 Some of Paul's long-term trades & how he takes them 18:45 A technique that helped me break-even as a trader 25:20 The first thing Paul looks like on a chart 26:30 How to identify support and resistance areas like a bank 29:10 How to combine multiple timeframes & the BIG mistake 32:30 What Paul looks for when price approaches a major level 34:51 How to trade like big players 37:50 A technique to trade reversals & breakouts 39:35 What timeframe is best to determine the trend 42:08 Are correlations important? 45:40 How to prepare for a stock market crash 48:00 Filters to use in order to increase the reliability of a system 50:45 What is in Paul Langham's Forex Uncensored price action course 56:00 How many trades to take to evaluate your expectancy 1:03:55 How to go from part-time to full-time trading 1:10:10 How to treat a $100 trading account 1:14:25 EXCLUSIVE OFFER: Get A Discount Off Paul's Course With A Complimentary Access To The Desire To Trade Academy Resources Mentioned In The Interview How To Go From Part-Time To Full-Time Trading (#118) Getting Financing: Fundseeder 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 Paul Langham? ExactTrading Twitter YouTube 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!

Can You Make Easy Money Trading Forex? – Show Notes In episode 129 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to re-calibrate expectations & tackle the issue of making easy money trading Forex. Is that even possible? Well, there are things that must be said... I've got to understand that it is much more rewarding to develop the right habits from the start, as opposed to being focused on making easy money trading Forex at first. A big shift for me happened when I started to accept having an average trading strategy instead of researching for the perfect one. Truth is: it'll probably be impossible to find a perfect strategy. An average one (as long as it's strong) will probably get you ahead more than you expected it. DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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!

This Is How You Become A Successful Trader – Show Notes In episode 128 of the Desire To Trade Podcast, I interview Tom Constable & Brandon Turner from Two Blokes Trading. This is a special "double" episode in which we dive in both of my guests' stories. Check out my interview on Two Blokes Trading (podcast)! Tom started to interview traders in order to understand how he could become successful himself. He is in progression to become a profitable technical Forex trader. For his part, Brandon, who now trades full-time, has over 10 years of experience in different roles within the trading industry. He is mainly a fundamental trader. The cool part of this interview is you'll get to see what both Brandon & Tom did before reaching the point they are at today. Aside from being complete jokers (the funniest I've seen), they can be great inspirations... More About Tom Constable He is an ex-Army Officer, Ron Zacapa rum enthusiast, technical algo trader, cryptocurrency noob, recovering system chaser. More about Brandon Turner He is a full-time trader since 2006, Forex fundamentals and sentiment trader, closet vegetarian, allergies include technical indicators, suits, and getting rich quick. Topics Covered In This Episode Brandon & Tom's inspiring quotes 2:00 Brandon's story (how he got a trading job) 3:15 How Tom started trading & documented his journey 8:10 How starting Two Blokes Trading helped Tome improve his trading 10:25 Brandon's uncommon & profitable style of trading 11:38 How Brandon was able to test his edge in the market 17:40 How Brandon keeps track of his trades 23:45 How Tom adapted his trading to his personality style 25:00 How Tom struggled with S/R zones and how he overcame the subjectivity 29:50 What actions Tom took to become a much better trader 31:05 What Brandon see most traders do wrong in the market 35:00 The MAJOR shift I've made in my trading over the years 38:50 How to readjust your expectations of returns in trading 41:00 Habits essentials to succeed as a trader 43:50 Resources Mentioned In The Interview Book: Rich Dad Poor Dad by Robert Kiyosaki Trading Journal Software: 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 How To Find Tom & Brandon? Two Blokes Trading 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!

How To Become Your Own Forex Trading Hero – Show Notes In episode 127 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to discuss how you can create your own Forex trading hero journey. It starts right now! While we like to see movies in which the main character goes through a crisis, it's much harder to accept going through that journey in real life. Fortunately for us, Mandi shared a typical trading hero journey that you can apply in Forex trading. You'll probably be able to spot where you are in this journey. And knowing this will allow you to move to the next step, where you're likely to see some breakthroughs. Topics Covered In This Episode How the hero journey appears in trading (step-by-step) 7:00 How to use "games" to push yourself to act right in trading 11:00 The difference between successful & unsuccessful people 11:20 Why affirmations alone don't work & what to do instead 15:20 The feeling of success in trading & what it's like 17:15 How to know what to work on in your hero journey 18:30 The myth of "discipline is required for success" 24:00 Why people bitch about "educators" and "coaches" 26:15 Why acting according to your values is key [Powerful!] 28:00 How many currency pairs you should trade 31:03 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

How To Make 2018 An Epic Year Trading Forex – Show Notes In episode 126 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to tackle the process of making 2018 an epic Forex trading year. I hope you enjoy! Mandi has helped me organize a training that is part of the Desire To TRADE Academy. This 12-week training is titled the Forex Trading Psychology Mastery. Use promo code "Mandi" when signing up for the Academy Elite Membership to get $200 off! Valid until January 12th, 2018. Topics Covered In This Episode How to re-evaluate your 2017 trading & a common bias 3:15 How to make money trading & not give it back 8:30 Why staying in isolation is bad for your long-term success 11:00 Why taking care of your health will help you trade better 20:00 A cool new feature coming up in the Desire To TRADE Academy 22:25 How Mandi uses simple rules to stay on top of life 23:30 How to deal with traders who distract you from your strategy 27:40 Awesome advice from Mandi on how to trust yourself 29:34 How to use a Habit Tracker to stay on top of your habits 33:15 How to identify the issues you need to work on 38:15 Resources Mentioned Book: Secrets To The Millionaire Mind by T. Harv Eker Article: A Chess Novice Challenged Magnus Carlsen. He Had One Month to Train Book: Rejection Proof by Jia Jiang DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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!

Walter Peters on Naked Forex & Swing Trading – Show Notes In episode 125 of the Desire To Trade Podcast, I interview a guest I had been waiting a long time to talk to... Walter Peters is a full-time Forex trader, author, podcast host, and more. He has inspired & helped me through his book Naked Forex: High Probability Techniques For Trading Without Indicators, which I read some time ago. What's great about Walter is that he isn't the type of trader who wants to trade all day. He developed a high time-frame style of trading that gives him more freedom. He can then go surf and enjoy life! Over the past few years, Walter's focus has shifted from trading systems (liked the ones shared in his book) to trading psychology & money management, which we touch on during the interview. Watch the video interview: Topics Covered In This Episode How Walter started to trade after getting his dream job 3:38 What Walter had to do to become a profitable trader 7:57 Walter Peters' advice on those wanting to leave their jobs 11:40 How to move scalping to your advantage (hint: don't trade all day) 14:07 How Walter Peters changed his trading style after writing Naked Forex 15:34 What made Walter Peters shift from a focus on systems to psychology 16:15 How to turn your trading into a game (POWERFUL!) 19:12 The biggest mistakes aspiring Naked Forex traders make 21:50 How to see what the majority of traders are doing in the market 24:10 How to deal with swing trading drawdowns (more markets vs. more strategies) 28:10 Walter Peters to trading Forex while traveling 31:26 How often Walter checks his charts & why 34:15 A lesson Walter Peters wanted to pass on to you 38:30 Resources Mentioned In The Interview Book: Naked Forex: High Probability Techniques For Trading Without Indicators (by Walter Peters) Book: The Encyclopedia of Chart Patterns by Thomas Bullkowski (recommended by Walter) Backtesting: Forex Tester 3 (read my review) OANDA open position ratios Saxo open position numbers IG's open positions (on each of the currency pair pages, here is the GBP/AUD) Historical Price Data vs. Open Positions at OANDA See where the orders (entry orders and stops) are placed 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 Walter Peters? FxJake.com Truth About FX Podcast 2 Traders Podcast Youtube 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!

Advanced Patterns, Forex Price Action & More! – Show Notes In episode 124 of the Desire To Trade Podcast, I re-interview full-time Forex trader Akil Stokes. We discuss your top questions on advanced patterns, trading price action, as well as how to go from struggling to highly successful as a Forex trader. Watch the video interview "The more organized you are, the less opportunities you're gonna to miss." - Akil Stokes Topics Covered In This Episode Akil Stokes introduces himself 2:00 Akil's trading style and the transition he went through 3:14 What are advanced patterns and how to use them 4:22 The top advanced patterns traders should focus on 6:40 Why Akil Stokes transitioned from trading patterns to trading price action 8:41 How did Akil come up with his price action strategies 12:05 How to create strategies that work on multiple pairs 14:38 How to get organized and keep track of your trading strategies 17:00 How to deal with the noise in the Forex market 18:50 How to create a highly specific trading plan for success 21:10 How to become good at identifying zones & reading price action 23:50 How Akil Stokes spend his time to become a better Forex trader 26:20 A little insight on TierOneTrading 28:23 What Akil Stokes tells people who think indicators are bulls*** 29:50 What stop loss you should use for best results 33:10 Using a mental stop vs. hard stop 34:30 Akil Stokes shares his thoughts on Bitcoin and trading it 36:40 Akil's thoughts on trading with expert advisors (EAs) 38:31 What we recommend people doing to improve their trading during the Holidays 40:44 A powerful unexpected piece of advice from Akil 42:20 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 Akil Stokes? TierOneTrading (coming in 2018) Youtube Twitter Instagram What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

How To Make A Living Trading Forex Using Your Psychology – Show Notes In episode 123 of the Desire To Trade Podcast, I am going to share with you the knowledge how to become more successful. This is the small part trading psychology mastering program. I hope you enjoy! Topics Covered In This Episode Psychology coaching session with Mandi Pour Rafsendjani, a trading psychology expert 1:00 What is necessary to be able to trade full time and make a living trading 02:25 Learn a few pieces of advice when you should start trading in terms of psychology 08:00 Trading plan restricts the freedom but it is the only way to succeed 10:20 Remember four components to success 13:30 How did Mandi decide to make a trading plan 18:25 Look at your life and what your preferences are and translate that into your trading 26:15 Mandi believes that how you do one thing you do everything 28:30 It is important to have a plan that you can follow over time 33 :05 There are four major behavioral patterns that influence your trading plan 34:00 One thing people could do to take the first step to be the better traders 36:00 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 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 Restaurant Worker To Full-Time Stocks Trader – Show Notes In episode 122 of the Desire To Trade Podcast, I interview Jason Leavitt, a trader and founder of LeavittBrothers. He came on the podcast to share about his progression from restaurant worker to full-time stocks trader and what helped him succeed. Topics Covered In This Episode What Jason is up to these days 1:30 How Jason Leavitt transitioned from part-time to full-time trading 2:00 The moment Jason saw he could go trading full-time 4:30 How Jason managed the first-month of full-time training 6:00 The BIG change to make before going to trade full-time (awesome example of self-awareness) 6:57 Powerful questions to ask yourself throughout the trading day 12:15 How working in a restaurant fits with trading 14:00 How Jason Leavitt kept track of his progression & best trade setups 15:09 How to manage multiple styles of trading & succeed 16:00 The #1 difference between short-term and long-term trading 18:21 How Jason Leavitt's trading style adapted over time 19:13 What motivated Jason to create his website 20:30 The work behind his website 22:20 How looking at the market helps Jason trade better 23:30 The 3 bullets required to succeed in full-time trading 24:34 How to know when the market changes 29:08 More About Jason Leavitt Jason Leavitt is the founder of LeavittBrothers, an advisory service for self-directed traders, and PLcharts.com, a web-based tool that enables option traders to draw profit/loss diagrams. He started trading in 1999 and went full time in 2002. He's traded stocks, options, and futures in several bull and bear markets and primarily uses technical analysis to analyze the market. Originally from Chicago, Leavitt has also lived in Austin, TX, New York, Boston, Denver and now lives in Costa Rica. Resources Mentioned Book: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets 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 Leavitt? Website Twitter: @jasonleavitt Twitter: @leavittbrothers 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!

The Life Of A Full-Time Forex Swing Trader – Show Notes In episode 121 of the Desire To Trade Podcast, I interview Hardianto Sunoto, a Forex trader from Jakarta (Indonesia). He came on the podcast to share about his life as a full-time Forex swing trader, his style of trading, and the techniques he uses to manage your trades successfully. Topics Covered In This Episode What's going on in Hardianto's life 1:46 How Hardianto got involved in trading 2:05 Using Elliott Waves to swing trade Forex & the learning process 3:36 What Hardianto does on daily basis 5:40 What separates Hardianto Sunoto from other swing traders 7:15 How Hardianto validated his trading methodology 8:20 Hardianto Sunoto's thoughts on jumping to live trading right away 9:22 Top habits to apply consistently as a Forex trader 10:46 The power of looking at the charts frequently 12:12 How to get back on track when trading goes bad 13:04 Why Hardianto started a Forex copier service 14:35 The type returns Hardianto gets in trading & having proper expectations 17:15 What you need to start a Forex trade copier service 19:12 How to manage your trades successfully (2 techniques) 20:15 More About Hardianto Sunoto Hardi is based in Indonesia and is happily married with 2 beautiful children. He graduated with a bachelor degree in Chemical Engineering. He started trading the stock market in 2009 after subprime mortgage crisis. In 2011, he was introduced to the forex market and immediately fell in love with it. He is currently a full-time trader and has been trading profitably for the last 5 years. His analysis of the market is technical, with Elliott Wave Theory, Fibonacci, and Classical Chart Patterns as his favorite tools. Resources Mentioned Hardianto Sunoto's trading performance 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 Hardianto Sunoto? Website 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!

From "Stuck In Life" To Profitable Forex Trader – Show Notes In episode 120 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. Topics Covered In This Episode How to manage speaking, trading and building a business 3:00 How Karen got involved in trading while doing an engineering internship 4:20 The kind of work Karen needed to put in to trade successfully 7:00 The lessons Karen Foo learned before becoming profitable 8:20 What Karen tells people who want to make a lot of money trading 10:05 Karen's preferred trading style and how to find your style 11:55 How Karen manages multiple timeframes 13:05 What a day look like in the life of Karen Foo 13:35 Nick asks: Exercises to work on your trading psychology 15:13 The role of discretion in Karen's trading 17:10 When in the day does Karen trades 17:45 What Karen is still working on (continuous improvement example) 18:20 How to improve yourself every day 19:30 Mary asks: What it takes to become a highly skilled trader 20:30 Karen's journaling process and its importance 22:18 What Karen's trading plan look like 23:18 Why patience leads to consistency & how to make it happen 25:20 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!

Secrets Of A Professional Forex & Stocks Trader – Show Notes In episode 119 of the Desire To Trade Podcast, I re-interview Steve Patterson, one of the top proprietary traders based in Toronto, Canada. As someone trading the markets for over 37 years, he came on the podcast sharing his secrets & techniques as a professional Forex & stocks trader. Watch the video interview! I previously had the chance to discuss with Steve in episode 108 of the Desire To Trade Podcast. He is someone aspiring professional traders can learn a lot from and I always feel great after discussing with Steve. There are several "gems" in this interview! Topics Covered In This Episode What Steve Patterson trades (i.e. trading style and career) 2:10 Pre and post-trading routines 4:30 The books Steve recommends trader to read 8:05 How to feel like a professional trader (hint: you shouldn't) 10:05 Mixing discretionary and systematic trading 12:35 Indicators traders can profitably use in the market 13:30 How to create a winning trading strategy 20:20 How Steve trades on a typical day 24:00 How do you know what you trade will work on different assets 28:00 How do you get a feel for the market (exercise) 33:10 How to distinguish a great market from a messy market 42:00 How to place a stop loss profitably in the market 46:40 The expectations you should have when you start trading 49:40 How Steve would treat trading with a small account 56:20 The role of confidence in trading 1:01:00 How to make 10%/month as a swing trader 1:11:40 More About Steve Patterson Steve Patterson has experience working in the world's largest firms, prop firms, stockbroker and floor trader. During his work life, he has seen 3 market crashes and multiple Bull and Bear market cycles. He knows everything about how to master the markets and trade profitably through all environments and the secrets of a professional Forex, Stocks Trader, which makes him a very interesting guest. Resources Mentioned Exclusive Coaching with Steve Patterson: Steve is offering a special program for Desire To Trade fans. This is an opportunity you don't want to miss! Make sure to select the "Desire To Trade" option for a free call with Steve! 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 Steve Patterson? 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!

Going From Part-Time To Full-Time Trading – Show Notes In episode 118 of the Desire To Trade Podcast, I interview day & swing trader Paul Singh. He came on the podcast specifically to discuss his transition from part-time to full-time trading. Over the years, Paul has developed the skills required to trade in multiple markets. In addition to swing & day trading, he has entered markets including options, futures, and stocks. Topics Covered In This Episode An awesome quote on fear & worry 2:00 How Paul turned $5,000 to $200,000 trading in law school 3:20 "Lightbulb moments" in Paul Singh's trading career 7:04 What it takes to go from part-time to full-time trading 14:30 A big pitfall to avoid as an aspiring part-time trader 26:28 How Paul Singh got successful in multiple trading styles 27:40 Two big keys to trading success 34:20 Share-a-trade (Paul shares his trading methodology) 35:38 Top routines for part-time and full-time traders 40:10 Paul's post-trading routines 46:10 More About Paul Singh Paul has been trading since the late 90s internet boom. After blowing up 2 accounts after a 200k run up during the boom, he got serious around the mid-2000s. After completing six years of serious part-time trading around a job, Paul transitioned to full-time trading and has been a full-time trader since 2012. In 2014, he was approached by his former student Kunal Desai (interview here) to run the swing trading service at BullsonWallstreet. Paul continues to personally mentor select traders. Video Interview Watch on Youtube Resources Mentioned Kunal Desai's interview on the Desire To Trade Podcast Start your training with BullsOnWallStreet & get a complimentary access to the Desire To TRADE Academy! 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 Paul Singh? Paul J. Singh BullsOnWallStreet - Swing Trading Facebook Twitter Youtube Instagram What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Forex Reversal Trader Habits, Mindset & Strategies – Show Notes In episode 117 of the Desire To Trade Podcast, I interview Dale Pinkert, a Forex trader & host/mediator at Forex Analytix Community Experience (F.A.C.E.). He came on the podcast to share his story as a Forex reversal trader. We jump into habits, mindset, and strategies that are essential to succeed in the Forex market. Topics Covered In This Episode The power of "social trading" and how you can use it to trade better 5:45 A powerful way to trade (knowing how to take the losses) 8:10 A piece of advice on not following too many instruments 11:20 How Dale Pinkert started to trade 11:40 How Dale learned trading 13:40 Wisdom on partial profits & stop losses 16:45 How Dale uses the RSI to trade 19:45 How to incorporate multiple time frames into your trading 22:45 How Dale develop his trading strategy (who taught him) 23:50 Some trading strategy ideas 26:00 How Dale plans his trades on the weekend 30:00 Morning routine (including waking up at 3:30am) 31:05 One thing Dale Pinkert still struggles with & how he solves it 32:30 How Dale confirmed his edge in the market (without backtesting) 37:00 Can you trade for a living with $10k? 40:20 What Dale thinks of "educators that don't trade" 41:40 The #1 tactic to remain consistent over a long period of time 45:00 More About Dale Pinkert Dale began his career in operations on the CME floor for Dean Witter when they traded currency futures on chalkboards. He became a licensed Series 3 broker in 1976 and went on to own and operate Pinkert Commodities GIB. He became a Member of the CME (IOM) Division for a stint and his forecasts have been aired on many Financial media including CNBC. Dale has Coached/Mentored retail and prop traders and has gained a solid reputation for his work on the other side of the mic having interviewed over 700 of the best of the best in Trading. 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 Dale Pinkert? ForexAnalytix 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!

50 Years Of Experience On What Highly Successful Traders Do – Show Notes In episode 116 of the Desire To Trade Podcast, I interview Barry Burns, a trader, and educator. He came on the podcast to talk about his 50 years of experience on what highly successful traders do. More About Barry Burns Dr. Barry Burns started his study of the markets under the direction of his late father, Patrick F. Burns, who accumulated 70 years of trading experience in his lifetime. Barry is also the author of the book Trend Trading For Dummies published by Wiley. He has been seminar presenter for several exchanges including the CME Group and Eurex, & founded Top Dog Trading, to help students shorten their learning curves in becoming traders. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Listen to more Desire to trade podcasts" - Barry Burns. * Big thank you to Barry for saying this :) What's Covered In This Episode The difference between successful and unsuccessful people 1:30 Barry Burns' trading style with 7 monitors 3:40 How Barry started to trade with his father 50 years ago 5:54 A powerful method to understand what happens in the market 10:15 The lessons Barry learned early on that can be applied today 11:25 The transition to trading with computers 12:40 The process of getting feedback on your trading 16:00 The uncommon things most traders do wrong 19:15 Trade setups & strategies Barry Burns relies on 20:43 How many trades Barry takes in a day by trading 3 hours/day 31:40 How Barry Burns manages life & day trading (time management advice) 38:10 Trading the open vs. trading later during the day 41:44 What highly successful traders are willing to do others don't (POWERFUL ADVICE) 45:20 Resources Mentioned TopDog Trading Youtube channel Barry's 5-Day Video Trading Course [FREE] 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 Barry Burns? Top Dog Trading LinkedIn Twitter Facebook 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!

$2,000 Days As A Stocks Day Trader After Getting Fired – Show Notes In episode 115 of the Desire To Trade Podcast, I interview Andrew Aziz, a stocks day trader based in Vancouver, Canada. Andrew is the author of the amazing book How To Day Trade For A Living. This is probably one of my favorite story shared on the podcast so far. After all, Andrew got very serious about day trading after getting fired from his job as a research scientist. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Covered In This Episode... "Every day I wake up at 4:30 a.m. but it doesn't bother me. It's my passion." - Andrew Aziz Andrew Aziz's favorite quote about passion 2:10 The daily routine of a stocks day trader on the West Coast 3:30 How Andrew reacted to receiving an employment termination letter 6:30 The learning process Andrew went through 8:44 The #1 thing Andrew had to learn to succeed in day trading 10:26 The reason why Andrew jumped into day trading 12:25 The step-by-step guide for those wanting to day trade 14:45 Andrew's top trading strategy: he guides us through a recent trade 17:55 How Andrew manages to day trade only 1hr/day 20:35 How traders can use video journals for their trading 22:55 Daily habits most traders tend to overlook 25:00 What Andrew does when he doesn't feel in the right state to trade 28:30 Powerful advice applicable to any trader 29:42 Listener's question: the best timeframe for day trading 30:20 What your job is as a stocks day trader & common mistakes 32:05 Resources Mentioned Andrew Aziz's daily trade review videos Book: How To Day Trade For A Living (recommended!) 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 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!

5 Big Forex Trading Lessons On Trading Success – Show Notes In episode 114 of the Desire To Trade Podcast, I go solo to share 5 trading lessons I learned while hosting the podcast in the last 2+ years. After all the guests interviewed, I felt it was time to reflect a little and point out thing that you can take action on. Watch the video on Youtube! Summary - 5 Big Forex Trading Lessons On Trading Success #1: Being Clear On Your Goal When I started to trade, I had absolutely no idea of where I was heading. The only thing I cared about what to become profitable. However, what I didn't realized is that I could have speed up the process by defining a goal and identifying the actions needed to reach that goal. Most often, massive success in trading involves other activities such as reaching out to people, testing thing, collecting data, etc. Those can be done early to boost your growth as a trader. #2: Returns (%) Are Irrelevant Judging a trader by its returns is a poor way to go about it. I used to think that my job was to find the "best trading strategy for the best return". However, there are two simple things we can do in trading to increase returns (and or money) we make: Increase your trading capital Increase slightly your risk What truly matters isn't the return percentage per say. It's the consistency with whatever return you are getting. 1% per month can be easily boosted to 2% return per month, and eventually 8% per month. #3: Master-Focus Gets You Results Mastery in any discipline comes through mastering every part. Unfortunately, it's impossible (and counter-productive) to learn about all the parts at once. If you want to see success quicker in trading, you must master one part at a time. That might mean taking a course on what you need to learn most right now and putting all your energy on that. Then once you see results, you move to the next thing you need to master. If you're not sure what to work on today, you can ask yourself: "What is important for me to master now?" or "What do I struggle with the most at the moment?" #4: Awareness Is A MUST Awareness has multiple components in trading Your energy level If you trade on low energy, you make more mistakes. Self-image Whatever you see yourself as will eventually become true. Yourself What are you best at? What do you need to work on the most right now? If you become aware of yourself, you can decide which direction to go and what to focus on. #5: Keep The Routines Going At All Costs Routines in trading are powerful. I discovered (the hard way) however that routines easily fall apart once you start traveling while trading. A change in environment can be tough to remain consistent in your actions. That's why I now do my best to establish new routines - similar to the ones at home - as soon as I get to a new place. I make sure I have a process to get in the right state of mind, note down my trades, and review everything I trade. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE 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!

Day Trader Success Story, Learning Through Failures & Serious Effort – Show Notes In episode 113 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading. He came on the podcast to share his day trading success story, marked by a few failures but most importantly putting serious efforts. Watch the video interview on Youtube! Jerremy provided several insights when it comes to building the right money beliefs, trading psychology and understanding yourself as a trader. We also introduce a new segment on the podcast called "Share a trade", in which the guest share a recent trade accompanied by their thought process. More About Jerremy Newsome Jerremy Newsome has been professionally trading the stock market since he was 21 years old. Jerremy specializes in candlesticks, gaps, credit spreads, day & swing trading. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Know yourself, know your weaknesses, be ok with it, build a plan and follow it." - Jerremy Newsome (click to tweet) Resources Mentioned The #1 Forex Trading Education Myth: a video I recorded about the need for hard work and efforts in trading success. 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 Jerremy Newsome? 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!

Get Ready When The Market Moves – Show Notes In episode 112 of the Desire To Trade Podcast, I interview William Fong, a multiple-market trader with an interesting institutional background. Based in Victoria (Australia), William came on the podcast to share the lessons he learned in the past years, including how to get ready when the market moves. Watch the video interview! William places a lot of emphasis on the importance of mastering fundamentals. In his opinion, it's what's provide traders a solid edge. Nevertheless, he acknowledges that traders have different styles and that what's most important is to find something you're good at. More About William Fong William Fong has over 10 years of macroeconomic, Asian/Australian credit experiences. He began at the ground floors of big companies and made his way up through years of experience. Today he shares what it looks like to trade for big institutions and work for them. William has accumulated knowledge on the following products: book runner and structurer on Fixed Income, FX, Interest Rate & Credit Trading. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Don't rely on luck, do your homework, learn the fundamental things; just learn as much as you can, because one day you'll need it" - William Fong 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 William Fong? Website Linkedin What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Making The Million As Prop Firm Trader & Founder – Show Notes In episode 111 of the Desire To Trade Podcast, I interview Samuel Leach, a trader, and investor based in St Albans, United Kingdom. He came on the podcast to talk about making the million as prop firm trader & founder. Watch the video interview! More About Samuel Leach Samuel Leach is a trader, investor, and also partner of multiple businesses. At the age of 25, he made his first million pounds. He did it by building businesses as well as trading. Samuel gained the spotlight when he turned his student loan £2,000 into over £170,000 within a matter of months trading the stock and currency market. He has since grown his trading company to a globally recognized prop trading firm and training house. He owns multiple businesses within different sectors and is always expanding his business reach. He is now sharing with his students exactly how he managed to generate seven figures from his businesses and supporting others on their business journey. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Close the people that are going to try to dishearten you from chasing your dream of being a trader and don't let them bother you" - Samuel Leach Resources Mentioned Samuel And Co Trading Stats DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy How To Find Samuel Leach? Samuel And Co Trading Instagram Instagram (personal profile) 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!

Key Experiences & Breakthroughs As A Forex Trader – Show Notes Episode 110 of the Desire To Trade Podcast is a reversed interview! My show gets taken over by Forex day trader Kevin Hunt, who asks me questions about my key experiences & breakthroughs as a Forex trader. It was definitely nice talking with Kevin and getting to share more of my past experiences on the podcast. If you haven't done so, I recommend you listen to episode 105 in which I interview Kevin. To learn more about me & what I've been up to, head over the About page. You'll learn what I think of trading, why I do it, and more! Do you enjoy the podcast? If you enjoy the podcast, I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast. Reviews are always appreciated! Share This! "Consistent actions lead to consistent trading results. Plan, trade, review, act, but never ever compare yourself to other people." - Etienne Crete My 6 Key Lessons From This Episode A Trading Strategy Is Built By Combining Things From Various Sources/People I believe that there's a common path most Forex traders go through. They start to trade and take pieces from other traders they meet over time. Very rarely you will find a trader who just copied someone else and then became successful. That's why you might need to invest in many courses & coaches before jumping to full-time trading. The key is to keep building things over time. I never regretted investing in myself because I always got a new lesson I hadn't got before. Find/Use Indicators That Make Sense To You Some traders love indicators. Some traders hate them. What I think is essential is to find things that make sense to you. Trading using the Bollinger Bands makes sense to me, but that doesn't mean I'll use them forever. You must be willing to adapt. The thing is, you'll discover pretty quickly whether the tools you use to trade are right for you or not. Adopt A 'Continuous Progress' Mindset For me, it doesn't matter if I fail a little or if I don't perform as I expected it. That's because I come into trading, business & life with a 'continuous progress mindset'. If you screw up today, don't think about how bad it is. Instead, think of how you can make things better. Be action-focused & keep your eyes on where you're heading! Listen: 034: Trade With An Edge & Growth Mindset - Mike Bellafiore Hang Out With Other Traders To Overcome Hard Times Without any doubts, the thing that helped me the most in improving my trading was hanging out with more traders. I started to trade by myself and stayed by myself for roughly the first 2 years. Then, I began going to Meetups & events. I started the podcast. Those were occasions for me to get bits of advice from the people who had achieved what I wanted to achieve. I can't urge you enough to do that. The key when you want to surround yourself with more traders and/or successful people is to add value. Don't try to gain/take from other people. Honestly, provide value and you'll be amazed by what you get out of it! Being Convinced A Trade Is Right = Worst Trading Mistake During the interview, I share an example of one of worst trades (taken on the SPX500). That was in 2013, I believe. At the time, I was completely sold on this trade and found all the reasons why it would work out. I kept adding to the trade, and of course, it didn't work out. Look At Your Results At Intervals Of 10-20 Trades Only A few months ago, I began sharing my trading results on this blog. I think that was a mistake, but let me explain... The results of a month's trading aren't significant if you only took 5-10 trades that month. It doesn't really show whether your stats are accurate because your sample size isn't big enough. I intend to keep sharing my trading results but will do so only at intervals of 20 trades. This will be a better opportunity to go back and re-evaluate whether those 20 trades respect the typical statistics of my trading strategy. You should do the same when looking at your results. Don't look at your stats after every trade! Resources Mentioned The Intelligent Investor by Benjamin Graham: the very first book I read about the markets. Kim Krompass' Interview: mentioned when talking about trade results. Desire To TRADE's daily vlogs: I grouped my travel videos by countries. Perfect to binge watch them :) Desire To TRADE 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 Me? I typically list the various places where you can find my guests here. I'd be happy to connect with you on the following social media: 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!

How Pro Traders Control Their Emotions & Trade Stocks – Show Notes In episode 109 of the Desire To Trade Podcast, I interview David Moadel, a trader, and investor based in Florida, United States. He came on the podcast to talk about how pro traders control their emotions and trade stocks. More About David Moadel David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Wait for a great trade setup and if there's none - do nothing" - David Moad 5 Key Lessons From This Episode The Market Brings Money From The Impatient To The Patient Patient traders are usually those who get most rewarded by the market. I have seen this personally over time. Read: How To Cultivate Patience As A Trader Listening Recommendations From Non-Traders Is Usually A Bad Idea The next time a family member tells you about a "hot stock" to buy, think about it twice. I never got any results in Forex trading by copying people, and that works in all fields. Do Not Follow The Majority In alignment with the previous lesson, following the majority is rarely the way to go in trading & investing. Most people do not know what they are doing and are acting out of emotion. Remember Sam Walton's quote? "If everybody is doing it one way, there's a good chance you can find your niche by going exactly in the opposite direction." - Sam Walton Wait For Your Great Trade Setup While you cannot always wait for the perfect trade setup in the market, the best you can do is usually to wait for a great trade setup. The market does not produce great trade setups at all times. That's why patience is important. I recommend writing down the things that make your setup great. For me, taking trades at key support & resistance levels typically transform an average setup into a great setup. Diversify - Do Not Go All-In On Trade Proper risk management in trading requires that you do not put all your money on one single trade. This is one of the simplest ways to avoid blowing up your trading account. Resources Mentioned The Intelligent Investor by Benjamin Graham: must-read investing book! 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 David Moadel? StockTwits 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!