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

Updated 6 days ago

Business
Education
Investing
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My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down.The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.

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My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down.The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.

iTunes Ratings

37 Ratings
Average Ratings
29
1
4
2
1

Excellent

By Marcelo.si - Jun 04 2016
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Great resource for traders, Etienne asks good questions and guests are great choice.

great show

By tradeDwave - May 01 2016
Read more
ther interviewer asks good and relevant questions, interesting and cool

iTunes Ratings

37 Ratings
Average Ratings
29
1
4
2
1

Excellent

By Marcelo.si - Jun 04 2016
Read more
Great resource for traders, Etienne asks good questions and guests are great choice.

great show

By tradeDwave - May 01 2016
Read more
ther interviewer asks good and relevant questions, interesting and cool
Cover image of Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders

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

Updated 6 days ago

Read more

My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down.The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.

Rank #1: 076: The Best Insights On Trading Price Action - Al Brooks

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Al Brooks: The Best Insights On Trading Price Action

In episode 76 of the Desire To Trade Podcast, I interview Al Brooks, who you could certainly describe as a professional trader since he left his career as an ophthalmologist several years ago.

Al’s is deliberately focused on trading price action. According to what he describes, he scalps the future market every weekday by reading candlesticks. He believes that there is “significance to every tick that takes place during the day and none of what happens is noise”.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

Price is truth!- @AlBrooksPA CLICK TO TWEET

Try to find a place in the trading world where you're happy. That should be the goal.- @AlBrooksPA CLICK TO TWEET

I looked at charts from 100 years ago and they are the same as charts today. - @AlBrooksPA CLICK TO TWEET

In This Episode, You’ll Learn…
  • Al’s story of going from ophthalmologist to professional trader.
  • The role of price action in a world with computers & algorithms.
  • What motivated Al to learn to trade.
  • How Al recommends going about leaving your job and trading full-time.
  • Why learning candlesticks alone won’t make you rich – and what to do about it.
  • How to use the market statistics to structure your trades.
    • Al shares very important percentages here!
  • Specific details you need to know when trading price action.
  • How Al’s trading differs in a trending market & a sideways market.
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Al Brooks’ Books
  1. Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  2. Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  3. Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  4. Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader
DesireToTRADE’s Top Resources How To Find Al Brooks? About The Desire To Trade Podcast

Jan 23 2017

46mins

Play

Rank #2: 146: Master Swing Trading Full-Time Or With A Job - Paul Singh

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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 DesireToTRADE Top Resources How To Find Paul Singh?

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!

Jun 04 2018

52mins

Play

Rank #3: 154: 5 Successful Trading Mindset Challenges (scale to $10,000/month) - Mandi Pour Rafsendjani

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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  DesireToTRADE Top Resources

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!

Jul 30 2018

1hr 6mins

Play

Rank #4: DTTP 005: The Most Insightful Advice I Ever Received From a Trader & Educator

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This Episode 5 of the Desire To Trade Podcast features Todd Brown, the co-founder of Trade Empowered. He has made a profound impact on me by talking about stuff that can really make a difference for any trader. 

Whether you started trading a month or 5 years ago, Todd has something you should hear. 

Here are things covered in the podcast:

  • How traders can use the famous IF...THEN Process
  • How Neuro Associative Conditioning (NAC) can change a trader's profit
  • The 4 Levels of Competence and which one traders must reach
  • How using Pain and Pleasure can turn your trading around
  • And much more...

Access the show notes

P.S.: I'd love if you could give us your opinion of the podcast. Do you like it? Leave an honest review. It's going to help me improve!

Sep 21 2015

35mins

Play

Rank #5: 074: Forex On Five Hours A Week For Maximum Profit - Raghee Horner

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Raghee Horner: Forex On 5 Hours A Week For Maximum Profit

In episode 74 of the Desire To Trade Podcast, I interview Raghee Horner, a Forex trader who specializes in intraday trading and has helped a lot of people simplify their trading.

Raghee has gained a lot of experience through nearly 30 years in the market. She has gone from futures and stocks trading before finally getting in the Forex market.

She is of the opinion that a trader is, before all, an entrepreneur. That is a very important distinction because there are still things that must be done outside of placing trades to survive in this industry.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

Ask yourself: do I really want to be a day trader? If so, go for it! - @ragheehorner

A trader is an entrepreneur. - @ragheehorner

Keep it simple...(the best trading advice)- @ragheehorner

In This Episode, You’ll Learn…
  • How Raghee went from knowing nothing about Forex to trading Forex full-time.
  • How to deal with the transition from the London to New York session.
  • The tools Raghee uses to trade.
  • Why it’s crucial to know when your strategy works – and how to do it.
  • The simple question you can ask yourself to figure out when to trade.
  • How Raghee sees day trading in comparison to swing trading.
  • The 2 biggest mistakes Raghee sees her students make.
  • How to use self-awareness in trading
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Raghee Horner’s Books

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

DesireToTRADE’s Top Resources How To Find Raghee Horner? About The Desire To Trade Podcast

Jan 09 2017

36mins

Play

Rank #6: 085: Trading Small Accounts And Analyzing The Market Like A Pro - Nenad Kerkez (Tarantula)

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Nenad Kerkez: Trading Small Accounts And Analyzing The Market Like A Pro

In episode 85 of the Desire To Trade Podcast, I interview Nenad Kerkez, is a Senior Technical Analyst and Lecturer at Admiral Markets, trader, author, and blogger.  First started in trading when he was 30 years old. He decided to engage much deeper into financial markets and stumble to Forex, the market he is now trading today.

Show notes: http://www.desiretotrade.com/nenad-kerkez/

More about Nenad Kerkez

Now, he is managing and running a thread on ForexFactory (Spider's Den) under the name of Tarantula (T@rantula). a Forex daily chart trader. He has an experience in Finance, Economics, Investments, Equities and the main contributor to winning the Best Educator award of 2016 at the UK Forex awards.

Moreover, he is also the Creator of CAMMACD Professional Price Action method. He's been in the top 10minfluential traders on the FF out on 400.000 traders total and his thread gain more than 4.200.000 visits since the inception. 

Throughout this interview, Nenad shows his expertise and love for financial markets as well as the methods he uses for analyzing and constantly following the markets as a trader.

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!

No one should start on just trading the live account immediately. @TarantulaFX

@TarantulaFX's advice: Use the leverage in a smart way, go with low risk.

 

In This Episode, You'll Learn...
  • How Nenad's trading career started and how were his first few months as a trader
  • Why we can't beat the markets
  • How to trade with Demo accounts
  • Switching accounts: how Nenad decided to go from a Demo to Live account
  • How to treat smaller and bigger accounts to avoid loss
  • Leverage: one of biggest advantages of Forex Trading
  • Stuff to consider before trading
  • ROI: Money in the bank versus money in Forex Trading
  • The beginners' strategy and trading plan
  • What is Holy Grail of Forex Trading is all about
  • Tips on how to make a good trader
  • How Nenad manages risks
  • Advice for all traders
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

DesireToTRADE's Top Resources How To Find Nenad Kerkez? About The Desire To Trade Podcast

Mar 27 2017

37mins

Play

Rank #7: DTTP 004: Trading Lifestyle & The Evolution of a Forex Trader w/ Hugh Kimura

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Hugh Kimura, the founder of Trading Heroes, is in the progress toward leaving his job to trade Forex full time. Through his podcast The Trading Lifestyle Podcast, he interviews traders escaping the 9-5 scgedule to live extraordinary lives.

In this episode, Hugh shares the best tips he learned from his interviews and all the progress he, himself, made as a trader.

Access the show notes

P.S.: I'd love if you could give us your opinion of the podcast. Do you like it? Leave an honest review. It's going to help me improve!

Sep 14 2015

23mins

Play

Rank #8: 046: Day Trading For A Living With Price Action w/ Kim Krompass

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Kim Krompass: Day Trading For A Living With Price Action

In episode 46 of the Desire To Trade Podcast, I interview Kim Krompass, a Forex price action day trader and the woman behind the Price Action Traders Institute. She is the very first woman to be featured on the podcast.

During this interview, Kim shared a lot about her view on day trading vs. longer term trading. She also mentioned several times the importance of keeping things simple, a concept I totally agree with.

[bctt tweet="Perfectionism is the enemy of profit. - @priceactionkim" username="DesireToTrade"]

Question & Cheat Sheet - Kim Krompass
  • How Chris got introduced to Forex trading
  • How Kim turned her trading around and started seeing results
    • The important is to focus on behaviors you understand and make sure that they fit your criteria.
  • Why she prefers day trading
    • The goal is not to copy other people. That won't make you successful.
  • How much time Kim spends trading
  • The importance of a planning process
    • Kim plans her trade every morning starting at 6:00am PDT.
  • The benefits of day trading and the challenges to overcome
  • What simplicity means for Kim in trading
  • The lifestyle Kim gets out of day trading
  • The #1 mistake Kim's students make
    • It's about unnecessarily making things complicated.
  • The learning curve of a day trader
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

Jun 27 2016

45mins

Play

Rank #9: 131: How To Make A Living With Forex Trading - Jason Graystone

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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 How To Jason Graystone?

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!

Feb 19 2018

48mins

Play

Rank #10: 132: Trading Price Action With Support And Resistance - Nick Bencino

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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 DesireToTRADE Top Resources How To Nick Bencino?

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!

Feb 26 2018

48mins

Play

Rank #11: 073: Holiday Special with Master In Risk Management & Futures Trader - Michael Toma

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Michael Toma: Master In Risk Management & Futures Trader

Episode 73 of the Desire To Trade Podcast is starting off the year strongly! I'm planning on bringing you the best trading-related podcast that gives results.

Still, as part of the Holiday special, I'm interviewing for the second time Michael Toma. I selected guests that had made an impact on me throughout the year and Michael was definitely one of them.

In short, Michael Toma is a futures trader and I consider him to be a master when it comes to risk management (although that's a wide topic)

>> Listen to the first episode with Michael Toma

I've had the chance to connect with him in person once and Michael always impresses me by the wisdom he has when it comes to the execution part of trading. As a futures trader, he understood that he didn't need to be active in every market to make money but that he did need to leave his trades run if he wanted to pay for his lifestyle.

For this new year, I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

  In This Episode, You'll Learn...
  • A simple and clear definition of your role as a Forex trader.
  • How to identify what you need to work on as a trader.
  • Trading on-the-go and the importance of simplicity.
  • How to use Market Profile in your trading (that's a really interesting part!)
  • The places where Michael sees most traders fall short.
  • Why it is essential (but weird) to scale up by increments when you trade.
    • Michael and I share both of our experiences.
  • The BEST advice Michael has to give in regards to 2017.
    • That starts off the year really strong!
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Michael Toma's Book

The Risk of Trading: Mastering the Most Important Element in Financial Speculation

Resources Mentioned
  • Market Profile
DesireToTRADE's Top Resources How To Find Michael Toma? About The Desire To Trade Podcast

Jan 02 2017

42mins

Play

Rank #12: 142: Price Action And Crypto Trading For A Living - Nick Bencino

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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

DesireToTRADE Top Resources How To Find Nick Bencino?

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!

May 07 2018

1hr 6mins

Play

Rank #13: DTTP 010: The Story Of A Hard Working Trader w/ Akil Stokes

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For a long time, Akil Stokes struggled to make money in trading. He started right out of college, being unemployed. Today, he can be found almost everywhere online, teaching traders how to succeed in trading.

So many things were covered in the podcast including:

  • Akil’s story as a struggling trader
  • The key to backtest effectively
  • What’s in Akil’s Trading Library
  • His one sentence of advice for traders
  • And much more…

Visit the show note page: http://www.desiretotrade.com/Akil

Get Your FREE Trading Introduction eBook: http://www.desiretotrade.com/free-forex-introduction-ebook/

Enjoy!

Oct 26 2015

46mins

Play

Rank #14: 091: Grinding Daily Profits In The Market - Mike Tedeschi

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In episode 91 of the Desire To Trade Podcast, I interview Mike Tedeschi, a day and swing trader running a portfolio as well as a trading chatroom. At the time of the interview, he has been trading for himself for over 6 years.

Mike looks at the investment world through a contrarian lens. By going against the herd, he positions himself to achieve the largest possible returns in the quickest time frame with the least amount of risk.

One of the topics we touch on is the need for a trading plan. Mike, like me, has also been developing a trading playbook that contains multiple trading strategies he uses on a daily basis based on how the market moves.

We also touched on the topic of trading alerts. As the main takeaway, you can make money in the market without being involved in the market at all times. There are times when the market isn't producing anything worth trading and that is where you need to be able to step away. There are absolutely no reasons to go in the market when there are no trades.

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! Top Quotes From This Interview

"Prices are never too high to begin buying or too low to begin selling" -Jesse Livermore

"If you can't make money on the leaders, you can't make money in the market"

If you treat trading like a hobby it's going to pay like a hobby.

There are no reasons to go in the market when there are no trades.

In This Episode, You’ll Learn…
  • How Mike started to trade from Japan
  • The types of mistakes traders make at the beginning
  • The 3 most important aspects of trading
  • How to overcome the fear of losing money
  • The analogy of flipping a coin in risk management
  • EXACTLY how Mike trades intraday and swing
  • How Mike uses a trading plan, playbook, and checklist
  • The types of behaviours that are costing most money to traders
  • Why Mike doesn't give that much importance to backtesting
  • Why you can't rely on news to trade at all times
  • Why you can't look at the market as an ATM
  • How to avoid trading all the time - how to use alerts like a pro!
  • How to increase your ratio of successful trades
  • And much more!
Resources Mentioned In This Interview
  1. FINVIZ: a free financial visualization tool (i.e. mostly stock screener)
DesireToTRADE’s Top Resources How To Find Mike Tedeschi?

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!

May 08 2017

37mins

Play

Rank #15: 190: Anyone Can Trade For A Living - Ray Barros

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Anyone Can Trade For A Living

In episode 190 of the Desire To Trade Podcast, I sit down in Hong Kong with professional with fund manager Ray Barros in Hong Kong 1 year after our initial interview.

A lawyer by profession and training, Ray gave up his lucrative law practice in the 1980s to focus on his first love – trading. His initial attempts at trading failed miserably and he suffered heavy losses.

But, after making all the mistakes in a trader’s manual and then some, Ray finally hit on a trading approach that gives him the market edge.

This approach has proven effective in both trending and congested markets, allowing him to trade profitably and consistently.

Thereafter, he was highly sought after by major banks to manage their funds.

At the same time, he was also very much sought after as a trainer to train other institutional traders based on the strategies and techniques he developed.

In the early 1990s, he became an outsourced FX Trader and this gave him the flexibility to focus his next great passion – teaching.

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Watch the first interview with Ray: From A Lucrative Job To Professional Trader And Fund Manager

Topics Covered In This Episode
  • Who is Ray Barros and what he does (00:38)
  • Why Ray took a break from trading education (00:58)
  • The framework that Ray and his students developed (2:52)
  • How Ray uses trading stats with his students (03:46)
  • The importance of keeping a trading journal (06:50)
  • How does Ray journal look like (09:00)
  • How to use your journal to learn and improve (12:15)
  • How Ray finds solutions when he makes mistakes (13:16)
  • How to find a support group as a trader (14:27)
  • An explanation of the 4 phase framework Ray and his students developed (17:00)
  • Methods for reducing losses in trading (21:06)
  • How this 4 phase framework can be used by different traders (22:48)
  • What common mistakes Ray have seen traders do (24:28)
  • How to add to your positions (26:07)
  • How Ray manages his risk (28:10)
  • How does Ray recommend people to start learning and evolving as a trader (29:56)
  • Always learn and always improve (32:53)
  • How can people find Ray Barros (33:43)
Resources Mentioned DesireToTRADE Top Resources How To Find Ray Barros?

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!

Apr 15 2019

34mins

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Rank #16: 033: The Most Valuable Insights On Trading Psychology w/ Andrew Menaker

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The Most Valuable Insights On Trading Psychology - Andrew Menaker

Episode 33 of the Desire To Trade Podcast features Dr. Andrew Menaker, a highly knowledgeable and well-known psychologist in the trading world. Since 1995, Andrew has been coaching traders and top fund managers to achieve a better performance. 

Being a trader himself, Andrew is frequently asked to speak at conference and is constantly being requested advices across the world. 

I, personally, have been blown away by this interview. The depth of the information provided and the great interest I had in the topic made me listen very carefully to every single words spoken by Dr. Andrew Menaker on trading psychology.

From the start, Andrew Menaker mentioned "no one can master trading". This is a substantial thing to understand due to the fact that most of our decision-making is made subconsciously. Those looking to become perfect traders do not have a single chance to succeed. 

The next very interesting thing to note is that we, as traders, bring our own personality to trading. Two traders do not see the exact same chart the same way. In fact, "We don't see the market as it is, we see the market as we are" is a powerful statement!

What’s covered in the podcast?
  • Why no trader can master trading & what to do about it
  • The source of our decision making
  • The greatest ability you must develop as a trader
  • What confidence truly is and how to get it
  • Andrew's #1 lesson for any trader
  • The true difference between a winning and a losing trade
  • How to journal powerfully
  • And so much more...

 Show notes: http://www.desiretotrade.com/andrew-menaker/

Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/complete-price-action-checklist/

Get the New FREE Perfect Engulfing Pattern Cheat Sheet: http://www.desiretotrade.com/perfect-engulfing-cheat-sheet-5/

Mar 28 2016

37mins

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Rank #17: 135: From A Lucrative Job To Professional Trader And Fund Manager - Ray Barros

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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

DesireToTRADE Top Resources How To Find Ray Barros?

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!

Mar 19 2018

52mins

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Rank #18: 081: Making Trading Forex For A Living A Reality - Julian Lim

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Julian Lim: Making Trading Forex For A Living A Reality

In episode 81 of the Desire To Trade Podcast, I interview Julian Lim, a Forex trader based in Singapore who’s putting in the work and progressively making the jump toward scaling his full-time trading activities (i.e. trading Forex for a living).

Julian started his trading journey in stocks about 5 years ago, and although it wasn’t necessarily easy, he managed to stand out by pursuing his passion for trading in the Forex market.

I asked Julian for an interview after reading his notes in regards to trading for a living in a Facebook group. Julian Lim, with his down-to-earth attitude, accepted to record an interview on what he experienced while making the progressive jump to trading Forex for a living.

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.

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Money in trading is made by sitting and waiting - Julian Lim CLICK TO TWEET

Money management is key. Don't lose it all at once! - Julian Lim CLICK TO TWEET

In This Episode, You’ll Learn…
  • How Julian started to trade stocks.
  • Why Julian was able to double his account 3 times, but couldn’t keep the money.
  • The role your friends and family play in your full-time trading.
  • Why you don’t need a huge trading account to trade for a living.
  • Some tips on cutting your expenses to ensure you make it in trading Forex for a living.
  • How to destroy the need for confirmation from others.
  • How to get back on track when things don’t go well.
  • Many other principles to help you understand trading for a living.
  • And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Resources Mentioned In The Interview

Note: FX and Trading – Should you fork out the money for a ‘guru’?

Notes On Trading For A Living (see the show notes on the blog)

Edgewonk: Forex Trading Journal Software: purchase Edgewonk and you'll get a complimentary access to the Desire To Trade Academy for free! Email me after your purchase so I can give you access

DesireToTRADE’s Top Resources How To Find Julian Lim? About The Desire To Trade Podcast

Feb 27 2017

39mins

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Rank #19: 150: How To Trade Forex Like The Banks - Tony Sycamore

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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  DesireToTRADE Top Resources  How To Find Tony Sycamore?

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!

Jul 02 2018

44mins

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Rank #20: DTTP 016: Sell out to achieve success w/ Jason Graystone

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Jason Graystone is a normal guy living in United Kingdom. However, he achieved something most trader wish to accomplish. He became profitable in day trading on the foreign exchange market.

How did he do it? 

That is exactly what Jason shares on the Desire To Trade Podcast. He attributes his success to getting the right education and trading according to 1 strategy on 1 time frame at first.

Jason is aware of the way traders get trapped these days. Information is so easily available online and traders can find hundreds of strategies to trade with. This is the main reason why people do not stick to and implement what they learn.

Your FREE eBook to develop your own trading strategy: http://desiretotrade.com/freeebook

Show notes: http://www.desiretotrade.com/jason

If you've enjoyed this episode, please leave us a review!

Dec 07 2015

28mins

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