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

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

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

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

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

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

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

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

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

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

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