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

Prop Firm Trading & Performing Like A Pro In episode 212 of the Desire To Trade Podcast, I sit down for a 2nd time with Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader. SMB Capital's trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC's Fast Money, CNNMoney, Bloomberg, and Fox Business. I first heard of Mike Bellafiore and SMB Capital through Mike's first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn't what it took to thrive in this world of trading. I highly recommend the book! Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader. As some of you may know Mike and SMB Capital help sponsor Traders4ACause which is a charitable organization focused on value. They make a yearly conference in Las Vegas in which all proceeds are donated to a set of charities. If you want to assist to the next event, get great trading related value and networking and help a good cause you can check out the event, register and donate at: https://traders4acause.org/ >> Watch the video interview! In This Episode, You'll Learn... Who is Mike Bellafiore and what has he and SMB done since the last interview 00:33 How the whole ambient and culture of SMB encourages traders to continues improvement (concrete steps they take to improve every day) 06:05 How SMB use technology to improve their discretionary trading 07:41 How Mike and SMB are implementing algorithms and technology into a trading desk 10:44 How to implement a hybrid approach to automated trading 16:24 What does it take for someone to be hired by a prop firm like SMB 20:05 What type of traders do Mike and SMB like to see in prospective traders 28:02 Incredible level of investment into new talent at SMB: "We give everything we got to those people" 33:05 Great traders may not always be "traditionally" talented 33:42 The importance of measuring trading performance and process 36:14 The biggest mistake Mike sees traders make 40:57 Should a trader copy other trader's style or make their own? 43:42 Where you can find Mike Bellafiore 45:58 Which is Mike's vision for the future 46:45 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 The PlayBook: An Inside Look at How to Think Like a Professional Trader One Good Trade: Inside the Highly Competitive World of Proprietary Trading Traders4ACause Anual Charity Conference Past Interview: Trade With Market Edge & Stick To One Good Trade DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended broker: AxiTrader (use our link to get a special bonus) 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 Mike Bellafiore? E-mail Twitter SMB Capital Website SMB Capital 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 Trade The Daily Chart In Forex (from a pro trader!) In episode 208 of the Desire To Trade Podcast, I sit down for a 2nd time with The Lazy Trader to discuss how he is trading daily charts in the Forex market. Rob trades exclusively on the daily and weekly time frames. His goal is to have the life he desires first. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Who is The Lazy Trader and what he does 01:00 The importance of using higher timeframe charts for freedom 02:09 What are the steps to start trading the higher timeframes 04:08 How can someone trading the weekly chart be more profitable than someone trading intraday 06:28 How to handle the small number of trades that one takes with a weekly timeframe trading 11:10 Why The Lazy Trader would use the same strategies on the higher and lower timeframes 13:27 Sponsor: Soft4FX (manual backtesting software for MT4) 16:38 How Rob uses scaling into trades to for increased profits 17:48 What type of patterns The Lazy Trader trades 19:29 Moving your SL vs scaling out of a trade 21:20 How to use your "free" time obtained from trading the weekly charts 22:54 Why Rob doesn't trade penny stocks 25:16 How to more easily understand major Support/Resistance areas in charts 27:24 What are The Lazy Trader's students' biggest mistakes while developing (being too lazy) 31:22 How Rob and Etienne keep consistency in trading while traveling 32:29 Where can you find The Lazy Trader36:55 Joint webinar announcement (sign up here!) 37:26 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned SPONSOR: Soft4FX (manual backtesting software for MT4) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended broker: AxiTrader (use our link to get a special bonus) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find The Lazy Trader? E-mail The Lazy Trader website Register to Exclusive Trader Masterclass ft. The Lazy Trader What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

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

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

Full-Time Forex Trader Q&A In episode 208 of the Desire To Trade Podcast, I am joined by Alejandro from the DesireToTRADE Team to answer your questions about trading. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... What does a perfect trade mean and should you trade only "perfect" setups? 01:33 Is your trading system irrelevant? and can good money management make any system profitable? 03:52 Do we trade systematic or discretionary systems? 09:03 Should you trade and master 1 instrument or trade a group of instruments? 11:48 Should one start live trading with day trading or swing trading? 15:13 How to deal with "large bank manipulation"? 20:27 How much capital do you need to trade for a living? 27:51 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Soft4FX (manual backtesting software for MT4) TickDataSuite (high-quality data for algo backtest on MT4) Making a Living Trading Forex video series One-Page Trading Plan DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

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

Full-Time Forex Trader Discussion (Lifestyle, Money, Millionaire Habits, etc.) In episode 206 of the Desire To Trade Podcast, I get interviewed by TraderNick and share my best tips on lifestyle, traveling and trading, and more! Are you ready for it? Watch the video interview! In This Episode, You'll Learn... What are the places that Etienne goes back a lot 01:31 How Etienne manages trading and traveling 02:04 Which have been Etienne's most memorable moment from meeting traders all around the world 03:54 How long has Etienne been trading 06:18 How to go about finding people to invest in you as a trader 07:45 What are the common traits Etienne finds in consistently profitable traders 09:30 What are the trading styles that have resonated most with Etienne 12:30 What is holding you from making money consistently in the markets 16:05 Is trading a science or an art? 19:34 What is Etienne's trading routine 26:08 The reality of a consistently profitable mindset 30:30 Focus on your own first, the money comes later 36:17 Manage money correctly to avoid working double 39:48 The value of mentorship 40:51 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Trader Nick's channel Recomended broker: AxiTrader (use our link to get a special bonus) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Me? Instagram Website Email About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Making A Profit in Gaps & Futures Trading In episode 205 of the Desire To Trade Podcast, I interview Latoya Smith-Dean. She is a full-time futures, stocks, and Forex trader based in Boston, United States. Latoya has been trading for over 10 years. She started trading part-time while having a full-time job in finance. After that, she quit her job to trade full time. Are you ready for it? "Rules within a plan should be developed based of your habits and past experience" 29:32 Watch the video interview! In This Episode, You'll Learn... How did Latoya Smith-Dean get involved into trading and her story to full-time trading 02:23 What was Latoya's learning curve from going part-time to fill time trading 11:22 Letoya's current trading style 16:28 How Latoya trades FOREX and futures differently than stocks 19:25 How Latoya found her mentors 19:59 How new traders should go about finding and sticking to a mentor 22:21 The most common mistake new traders make 24:14 Some of the "simple" things that Latoya was missing in her development 25:56 How Latoyamakes sure she is trading in the right times and avoid overstaying 27:08 How hard its to implement strong rules in your plan? 30:28 What are the things that Latoya do in order to stick to her rules 31:17 How to trade when you have kids and other distractions at home 33:46 Where to find and connect with Latoya 37:04 What are Latoya's goals for the future 37:33 Latoya's main motivation for trading and giving back to the community 40:03 Latoya's top piece of advice for developing traders 44:19 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned TheProfitRoom (use coupon code "Etienne" to get a 10% discount) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recomended broker: AxiTrader (use our link to get a special bonus) DesireToTRADE Academy How To Find Latoya Smith-Dean? Twitter Website Email About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Technical Trader Who Started A Massive Prop Firm In episode 204 of the Desire To Trade Podcast, I interview trader & prop firm founder Richard Jackson. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Trade what you see, not what you think 00:44 How did Richard start to trade 01:25 How tough was Richard's learning curve 03:13 Why youtube, articles and books didn't work for Richard 04:51 How important are losses for a developing trader 07:16 How Richard makes sure he doesn't take trades he shouldn't take 09:04 How to understand what other traders see in the markets 10:44 What is Richar's trading style 11:52 What Richard looks in the market for a trade (step by step process) 13:10 How Richard uses indicators and technical tools for trading 16:22 How should new traders go about learning to trade 18:20 Richard's 2 businesses (prop firm and money management) 19:28 How to find a good trader 21:53 Why traders give up 22:57 Why Richard never gave up 24:03 Richard's top advice for traders looking for a mentor 24:48 How can you find Richard 28:42 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Convergence trading DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Richard Jackson? Twitter Website About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Using Trading Systems To Make A Living In episode 203 of the Desire To Trade Podcast, I speak with Scott Welsh, a systems trader. We discuss his story as a Forex trader as well as how he was able to develop simple systems to make a living in the market. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... Who is Scott Welsh and what he does? 02:16 How Scott started trading 03:23 How was the Scott's transition from Stocks to Forex 05:38 Scott's main mistake when learning to trade 07:04 Biggeset turning point in Scott's trading career 08:31 How Scott handles long periods of profits or losses 12:08 Why Scott loves to trade with algos 13:13 How does Scott gets his systems programed? 15:45 What is Scott's trading style 16:53 What are the type of things that Scott's strategies look for 19:44 How does Scott monitor and review his algo strategies 22:08 Scott's advice for traders going into Algo trading 23:56 How Scott goes from testing to trading his Algos 25:58 What type of equipment and technology Scott uses to run his Algos 28:53 Scott´s recommendations for all traders 31:14 How Scott manages when Algos are not working well and have to be droped 24:23 What Scott needs to trust his trading systems 36:59 How can you find Scott Welsh 38:15 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Virtual Private Server (VPS): AccuWebHosting FXVPS VPN: Torguard VPN (use coupon code DTT10 for a 10% lifetime discount) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Scott Welsh? Twitter Website About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes