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

Creating The Right Mindset For Trading In episode 163 of the Desire To Trade Podcast, I am bringing back full-time day trader and trading psychology coach Mandi Pour Rafsendjani to discuss how, as a trader, you can create the right mindset for your daily activities—how you get from whatever stage you're at when you wake up or when you "start" to trade to "being ready" to trade. Watch the video interview here! Topics Covered In This Episode Who Mandi Pour Rafsendjani is and what she exactly does [0:53] How to get the right mindset to trade and how you should go about it [2:40] There is no "magic pill" in trading [5:11] How hanging on to a losing trade is not good for traders [7:45] Having a support team and the right people around you [10:22] How important making a plan is [12:25] When and what is the best way to consult a coach [20:29] How to prepare yourself in the context of your whole life [22:28] Mastering the Wheel of Life [27:06] How to put things in place to get it right from the start especially for beginners [27:56] Seeing many markets and what happens [31:17] Meditating before trading versus mindfulness [33:46] How mindfulness improves Mandi's trading [37:41] Self-sabotaging behavior among traders [40:29] Eliminating your negative beliefs in trading [43:02] Being willing to face challenges [45:11] What you need to provide to get capital from an investor [46:19] "Priming" your mind [47:03] How to present a trading strategy to people who don't know about trading [49:06] Why Mandi has no time limits in trading [49:36] And many more! Resources Mentioned Linda Raschke's presentations DOCUMENTARY: Intermittent Fasting by Michael Mosley on BBC Performance Edge - Steve Ward APP: Headspace: Guided Meditation and Mindfulness Derren Brown 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!

High-Performance Trading & Making It Full-Time In episode 162 of the Desire To Trade Podcast, I talk with best-selling author, and trading mentor Louise Bedford about high-performance trading & trading full-time. After a long waiting time to interview her, she finally was able to come on the podcast. I really love the topic we discuss in this interview; things like candlestick, high-performance trading, how to go from part-time to full-time, and how she lived that herself. Listen to her story as it's quite interesting and she went through a lot of ups and downs which you'll hear about more in this episode. Watch the video interview here. Topics Covered In This Episode Who Louise Bedford is and what she does [1:06] The reason for why bad trades happen according to Louise Bedford [7:02] The mindset shifts and habits Louise Bedford had to implement [8:16] How "clarity" is so important [10:10] What Louise Bedford had to learn about candlesticks [15:21] What should new traders look at in candlestick charts [17:46] Building a strategy around candlesticks [21:41] How people can test to see that they are right and they can make money with candlesticks [24:53] How high-performance trading works [29:35] Things people should work on first when they start to trade live in high-performance trading [33:44] Using hypnosis and guided meditation for trading [44:58] Results people can expect from Louise Bedford's mentorship program [45:56] How each plan is unique and individual for every trader [47:44] One thing people would have to apply this week to become better traders [51:00] Resources Mentioned BOOK: Japanese Candlestick Charting Techniques by Steve Nison Louise Bedford's books Louise Bedford's trading plan template Talking Trading Podcast Daryl Wilkinson's Stress-Free Consultancy CD: Relaxation for Traders by Louise Bedford Priority Registration - Trading Game 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 Louise Bedford? Trading Game 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!

What You Can Learn From Millionaire Traders In episode 161 of the Desire To Trade Podcast, I am bringing back full-time day trader and psychology coach Mandi Pour Rafsendjani to discuss what we can learn from millionaire traders. Having worked with a very large number of successful traders, Mandi has seen directly the kind of mindset, attitude, etc. high-performing traders have. Watch the video interview here! Topics Covered In This Episode Who Mandi Pour Rafsendjani is and what she exactly does [0:17] What the millionaire traders (that Mandi look up to) do differently [4:24] The two types of people when it comes to their thinking and feelings [5:34] How to look at the bigger picture and the statistics [8:33] Reflecting back on past trades, creating a checklist, going back and reviewing to compare benchmarks [10:29] Trading by yourself and starting out with a strategy [13:30] What it takes to "shift out" to do what needs to be done [16:01] The self-trust and certainty that most people want to have [18:32] How the trading names and terminologies can make it difficult to apply in the trading process [21:28] How millionaire traders look at the market and think about their loss; and their techniques [26:20] How millionaire traders are competitive and how they love the game and embrace challenges [28:12] How to take losses in trading; cutting your losses early [31:25] The main difference in traders who make money or lose money [33:28] How thinking positive about yourself is hard; and coming back after feeling bad and losing in a trade [37:15] How people help you out especially if you ask a good question [42:10] Protecting your capital and your "golden goose" [43:17] The learnings that you will have when losing money [44:13] Being curious about different viewpoints and willing to learn from others [46:20] What traders should tactically apply in the next week, and setting goals to become better [48:55] And many more! Resources Mentioned BOOK: Mindset by Carol Dweck 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!

3 Untold Truths To Go From Breakeven To Profitable Trading In episode 160 of the Desire To Trade Podcast, I share about how to go from breakeven trading (trading a lot and you end up at the end of the month or the year breaking even), which is a very good problem to have. I talk about how to do this and then move forward to becoming profitable. I will share the three things that really transformed my trading and profitability with that. Topics Covered In This Episode Going back and reviewing all your trades; removing bad trades [0:44] Trying to filter your strategy in order to cut losses and adding confluence [2:20] Doing monthly checkups to see how consistent you are and asking yourself questions [4:21] Rating your trading on a scale of 1 to 10 and bringing that score a point above [7:46] 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!

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

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

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

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

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

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