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

Heikin Ashi Trader: How To Read Candlesticks (full-time trader) In episode 312 of the Desire To Trade Podcast, I sit down with Michael Toma, a Heikin Ashi trader who shares how to use Heikin Ashi candlesticks in any market. You'll learn how to read Heikin Ashi and what Heiken Ashi tells us about Humans. Join our Ultimate Prop Firm Trading program Watch more videos featuring Michael Toma Watch the video interview here Topics Covered In This Episode 0:00 Start 0:15 Introduction 2:18 What Heikin-Ashi candles tell you about the markets that traditional candlesticks don't 3:47 How Heikin-Ashi works: Example 1 5:28 Does Heikin-Ashi work in trending markets only? 6:55 Does Heikin-Ashi candle size matter? 8:26 How to incorporate Heikin-Ashi into your trading: Example 1 9:42 Why Michael doesn't care if Heikin-Ashi candles don't show the current price 10:44 Heikin-Ashi in play: Example 2 12:49 What indicators can be used to complement Heikin-Ashi 14:01 Are Moving Avegares + Heikin-Ashi a good mix? 15:06 Why Heikin-Ashi is not simply a red light - green light system 16:34 What timeframes does Heikin-Ashi work best in 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 Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Michael Toma? MichaelToma.org email: michael@michaeltoma.org/ Join our Ultimate Prop Firm Trading 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!

Med Student Turned Full-Time Trader In episode 311 of the Desire To Trade Podcast, In this trader interview, I sit down with renowned institutional trader Kathy Lien to discuss her trading journey and unique approach to the markets. About Katy: Kathy Lien is Managing Director and Founding Partner of BKForex. Having graduated from New York University's Stern School of Business at the age of 18, Ms. Kathy Lien has more than 13 years of experience in the financial markets with a specific focus on currencies. Her career started at JPMorgan Chase where she worked on the interbank FX trading desk making markets in foreign exchange and later in the cross markets proprietary trading group where she traded FX spot, options, interest rate derivatives, bonds, equities, and futures. In 2003, Kathy joined FXCM and started DailyFX.com, a leading online foreign exchange research portal. As Chief Strategist, she managed a team of analysts dedicated to providing research and commentary on the foreign exchange market. In 2008, Kathy joined Global Futures & Forex Ltd as Director of Currency Research where she provided research and analysis to clients and managed a global foreign exchange analysis team. As an expert on G20 currencies, Kathy is often quoted in the Wall Street Journal, Reuters, Bloomberg, Marketwatch, Associated Press, AAP, UK Telegraph, Sydney Morning Herald and other leading news publications. She also appears regularly on CNBC – US, Asia, and Europe and on Sky Business. Kathy is an internationally published author of the best-selling book Day Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game – all published through Wiley. Kathy's extensive experience in developing trading strategies using cross markets analysis and her years of market research in predicting economic data surprises serve as key components of BK's analytical techniques. Watch the video interview! Topics Covered In This Episode 0:00 Start 0:15 Intro 0:40 Who is Kathy Lien and what she does 2:34 How Kathy discovered trading and started her trading journey 5:30 What hurdles did Kathy have to overcome to develop as a trader 6:20 How Kathy passed from market making to proprietary trading 7:23 Kathy recommendations for traders wanting to trade for a prop firm 8:18 What timeframes does Kathy prefer to trade 9:27 Kathy and BK Forex 10:49 What is Kathy trading style 12:15 What is Kathy's favorite technical tool 12:36 How a day in the life of Kathy looks like 14:33 How Kathy balances trading and lifestyle 15:47 Kathy recommendations to find your trading style 17:05 What Kathy thinks of Cryptocurrencies (do not fall for impostors) 18:34 Should a trader start with Cryptos or Forex? 19:20 How Kathy adapts to low volatility markets 20:14 Trading is an evolution game 20:52 Why you should use fundamentals in your trading 21:36 How can you get started with fundamental analysis 22:25 Where to find Kathy Lien 23:08 Kathy's top advice for traders And many 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Kathy Lien? 60 Second Investor Twitter: @kathylienfx Kathy's website Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Trade Management in Forex: Do you need it? In episode 310 of the Desire To Trade Podcast, I am joined by Alejandro from the Desire To Trade team to discuss trade management for Forex trading. Is it helping or hurting your trading? We'll give you some tips to manage your trades better and stay more consistent! Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:49 Who is Alejandro and what he does 1:53 How can you determine if you should use trade management in your strategies 4:14 How to know if you are better with Trade Management or without it 6:23 Mindset Benefits Vs %/$ Benefits of Trade Management 11:02 How Trade Management can help you trade better 13:33 Why using "set and forget" trades 1st before building your Trade Management technique 17:40 Viewer question: What Trading Journal Software do you use? (Edgewonk) 19:56 Viewer question: What timeframes do you trade? 20:40 Viewer question: How long does it take to build a trading plan and much more What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Trading Journal Edgewonk Myfxbook FxBlue Trello Google Sheets Creating Your Own Profitable Strategy (Program) Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Alejandro Perez? email: alejandro@desiretotrade.com email: alejandro@bluecapitaltrading.com 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 A PRO (even if you're not profitable yet!) In episode 309 of the Desire To Trade Podcast, I cover how to trade Forex like a pro and get more consistent results. There are 3 reasons why you don't make profits now: your strategy, your execution, or the market. Questions that saved my trading and helped me trade Forex like a pro: 1. Do you have a tested plan? 2. Do you follow your plan and manage your trades according to it? 3. Have you added a ton of factors to your strategy to make it work? 4. If you backtested the past few months of live trading, would your results be the same? Watch the video here Topics Covered In This Episode 0:15 Introduction 1:11 The 3 reasons why you don't make profits right now Questions that saved my trading and helped me trade Forex like a pro: 2:05 Do you have a tested plan? 2:51 Do you follow your plan and manage your trades according to it? 4:50 Have you added a ton of factors to your strategy to make it work? 6:21 If you backtested the past few months of live trading, would your results be the same? 8:22 Can you trade multiple timeframes or better trade 1 timeframe and 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes 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!

8 Years of Trading: My Perspective Shifts + Q&A In episode 308 of the Desire To Trade Podcast, I talk about how it's now 8 years that I started to trade Forex and over 4 years full-time. I wanted to take some time and go back on my perspective shifts over my trading years and see what changed in my thinking. Watch the video here Topics Covered In This Episode 0:15 Introduction 1:12 What are the things that have changed for Etienne in the past 8 years of trading 17:48 Will Etienne start a prop firm? 18:48 How do you keep the momentum in your trading 20:00 How to get out of the break-even face of trading 22:27 Do good setups keep working for the long term or do they require constant change? 25:30 How to limit daily losses so they don't break your account 30:57 Why do some trading courses cost so much 44:30 What feelings did Etienne had before mastering the trade 45:24 Are some days harder to trade than others? 46:10 How Etienne splits his trading capital in brokers 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes 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!

"Funded Trader Journey To 6 Figures" In episode 307 of the Desire To Trade Podcast, I sit down with Franklin Lyembela as he shares his success story toward becoming a funded trader with a 6-figure income. Take the 5%ers prop firm challenge Watch the video interview! Topics Covered In This Episode 0:00 Start 0:15 Introduction 0:43 Who is Franklin Lyembela and what was his trading journey 2:08 How Franklin became profitable and started trading for multiple prop firms 5:20 Why Franklin decided to go into FX trading 6:05 How Franklin started trading the wrong way 7:18 How Franklin realized that he needed to change his trading radically 8:43 How The Desire To Trade Podcast helped Franklin improve his trading 9:54 How Franklin started to learn trading the proper way 11:52 When did Franklin knew he was ready to become a Funded Trader 12:40 What was Franklin experience with Prop firm Challenges 14:23 Why Franklin kept trying after failing his first Prop Challenge 15:20 How Franklin managed to earn and keep funding from The5%ers prop firm 17:37 How Franklin chose which prop firm to work with 20:01 Has Franklin experienced any issues with prop firms? 21:07 Overview of Franklin trading systems 22:13 Why Franklin doesn't use indicators and what he trades instead 25:43 What timeframes Franklin uses to trade 26:11 How Franklin manages trading and personal time 28:11 How a day in Franklin's life looks like 30:34 How Franklin constantly improves his successful trader mindset 31:35 How Franklin uses the Desire To Trade Podcast to improve his trading even more 34:44 Where can you find Franklin 35:14 What are Franklin goals for the future 37:32 Franklin's top advice for traders (get a mentor) And many 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Franklin Lyembela? AtrioFX 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!

Guest Michael Toma went from zero to professional trader and shares his success story publicly. They discuss his life before trading, learning process, obstacles faced, mindset adaptation, and trading style. They also touch on scaling trading full-time, managing time between multiple business ventures, principles that never change in the market, and using AI in trading. Advice is given for trading full-time and managing behavioral challenges. The podcast also explores opportunities for getting funded by prop firms and offers coaching sessions with Michael.

Become an Unstoppable Trader | Forex Trader Motivation In episode 305 of the Desire To Trade Podcast, you'll be hearing a compilation of advice from highly successful traders. Surrounding yourself with the right thoughts & people is crucial! My goal was to create a series that can act as the proper motivation for Forex traders to achieve their massive goals! Whether you're aspiring to achieve a Forex success story for yourself or trade-in any other market, this video will provide you the trading motivation you need! Sit back and relax...and if you're not yet subscribed to the channel, don't hesitate to do so! Forex Trader Motivation playlist >> Watch the video recording! Complete interviews used for this Forex Trader Motivation video Ceri Bryans Steve Ward Raghee Horner Brent Penfold. Al Brooks What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Prop Firm Comparison: Which One is Best in 2021? In episode 304 of the Desire To Trade Podcast, Michael Toma and I do a quick prop firm comparison and discuss which prop firm that funds trader is best for you depending on your circumstances. Watch the video here Topics Covered In This Episode 0:15 Introduction 1:25 Best Prop Firms for FOREX Swing Traders 2:38 The5%ers VS CTI 4:46 Best Prop Firms for CFD Day Traders 5:20 FTMO VS Funding Talent 11:16 Prop Firms that didn't make the cut 13:12 Conclusion 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes Prop Firms Mentioned Best Prop Firms for FOREX Swing Traders The5%ers City Traders Imperium Best Prop Firms for CFD Day Traders FTMO Funding Talent 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 Trade Full-Time with FTMO? In episode 303 of the Desire To Trade Podcast, Michael Toma and I discuss whether or not you can trade full-time once you get funded by FTMO or similar prop firms. Watch the video interview here Topics Covered In This Episode 0:00 Start 0:15 Introduction 0:57 What going full time as a prop firm trader entails 2:07 How much capital you need to trade in a prop firm 3:00 How to improve your equity curve to make it attractive for prop firms 4:30 How to scale your trading capital via prop firms and private capital 7:43 How to decide if its best to trade your own capital or prop firm capital 9:00 What risk per trade to use in a prop firm challenge/evaluation 12:25 What are some things you can do to improve discipline in prop firm trading 14:56 How long it takes to become a "professional" trader 16:36 Why should or should you go into crypto trading 20:38 How to define a "professional" trader 23:27 How to build a track record with a 2,000 USD account 24:42 Do you need fundamentals to be a successful trader? 27:39 Should you scalp if you have a small amount of time to trade 30:38 How to keep consistency as a prop trader 32:50 Good books on Risk Management for 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! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes 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!