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

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!

Forex Broker Secrets & Tricks You Didn't Know About In episode 153 of the Desire To Trade Podcast, I am joined once again by Trent Hoerr, the Head of Sales at Forest Park FX. You can watch Part 1 of his video interview (episode 151) here that was aired two weeks ago. In this episode, I bring back Trent where he discusses some things Forex brokers do that you weren't aware of. Trent shares more on how Forex brokers work and operate to make it possible for you to trade. This will be useful since all aspiring profitable traders should understand the way their broker functions. This is important if you have a problem with your broker or if you're not sure how they work. Knowing this can not only save you cost and ensure that you don't get in a place where you're stuck and your broker doesn't support you. Plus, you'll learn tactics brokers use. Topics Covered In This Episode Who Trent is, what he does, and why he's here [2:25] Questions people have about brokers [3:45] How common it is when people enter a trade and they get stuck and they see other charts being different [5:38] Regulations in different countries and how brokers work with it [8:22] Worst case scenarios [9:37] Who keeps and stores the take-profit data, third-party database firms [11:07] What an ECN broker is [12:26] Advantages for traders trading smaller or bigger accounts [14:45] Dealing with brokers with bad reviews [18:46] Which brokers are through ECN brokers [21:02] The A book and B book [22:12] Minimum distance from the market price [23:57] Reasons to trade on the brokerage platform or not [25:22] How brokerage trading against traders is common [26:11] Easy ways to win against a broker [27:54] The brokers and stop-losses [29:51] What type of action or behavior could be considered harmful toward the broker [31:11] Brokers providing VPS services for their clients [33:00] Benefits people get when they sign up for brokerage firms and what to look for [36:04] If you lose any cashback [38:22] What Forest Park FX is about [38:53] Brokers that are good for the Caribbean [42:18] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Pick Your Forex Broker: Interactive Map from Forest Park FX MetaTrader 4 CNS VPS Service Beeks VPS Provider Oanda Global Prime Equinix 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 Trent Hoerr? Forest Park FX LinkedIn 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!

How To Motivate Yourself To Trade For A Living In episode 152 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading, based in the US. One of the tough aspects and tough parts when it comes to achieving something great is to be motivated daily and to be able to achieve your goal no matter what you think. I interviewed Jerremy a few episodes back (Episode 113 and 148) but today we talk about his history, what he went through and how he kept pushing no matter what happened. In this podcast, Jerremy talks a little bit more about everything he faced and how he was able to get back. This is really inspirational if you're struggling with achieving your goals at this point or if you've been facing some tough times. Jerremy is the man. He is super high in energy and he went through a lot, which is exactly what he shared in this interview. I'm almost 100 percent sure you'll like this. Topics Covered In This Episode Who Jerremy is and what's going on in his life [1:21] How Jerremy made the decision to start trading and how he started to learn [3:22] How trading is one of the easiest things you can do but it's also difficult [12:44] How he moved from the simple stuff and create a system of rules [13:58] A point in Jerremy's life where he realized trading was not too exciting as it appeared to be [16:41] Hard times in trading and hitting rock bottom, and how Jerremy got back up [18:58] What kept Jerremy pushing [24:38] How Jerremy changed his mindset [27:34] How Jerremy stays motivated every day to keep going [29:55] What the sensible approach to follow with only a few hundred dollars to trade is [33:21] What keeps Jerremy out of the bad trade [40:40] Thoughts on trading crypto currencies [41:56] Motivation and making reading books a priority [43:31] Picking a book and applying it to your life [46:44] His advice for people with money [53:30] And many more! Resources Mentioned 13 Steps That Will Make You A More Profitable Swing Trader: " data-userid="424314218286923776" data-orgid= "425292844702527488">Wealth Summit 13 Steps That Will Make You A More Profitable Swing Trader: " data-userid="424314218286923776" data-orgid="425292844702527488">13 Steps That Will Make You A More Profitable Swing Trader Trade Navigator TradingView Tony Robbins' Unleash the Power Within Money And The Meaning of Life by Jacob Needleman You Are A Badass At Making Money by Jen Sincero MONEY Master the Game by Tony Robbins Sell Or Be Sold by Grant Cardone The Straight Line System by Jordan Belfort Be Obsessed Or Be Average by Grant Cardone Winning The Rat Race Without Becoming A Rat by Dr. Kevin Leman Tools of Titans by Tim Ferriss Think and Grow Rich by Napoleon Hill 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: JerremyNewsome@gmail.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!

How To Choose The Best Forex Broker (with the new rules) In episode 151 of the Desire To Trade Podcast, I am joined by Trent Hoerr to discuss how to choose the best forex broker. We discuss how to choose a broker for U.S. residents. In addition, we cover new regulations in the U.K. for Forex traders & brokers. Trent is a financial market professional with global experience. He believes in honesty and hard work, which in my opinion are the staples of good business. Hard work will see tasks and objectives through, while honesty is the staple of long-term relationships. These two practices have allowed Trent to achieve success as a runner, commodities trader, and a broker. Trent Hoerr was also featured in episode 29 of the podcast on choosing your Forex broker. He works for Forest Park FX... With an experienced staff of industry professionals, Forest Park FX specializes in creating custom FX brokerage and trading solutions for retail traders, service providers, institutional traders, money managers and hedge funds. Forest Park FX offers a wide variety of value-adding services, including market access through the world's top Forex brokers, cash back rebates for retail traders, built-to-specification trading algorithms, administrative and operational support for money managers and customized liquidity for hedge funds and high volume traders. I decided to bring back Trent on the show as he's one of the most knowledgeable persons I know to discuss Forex brokers. With the new regulations being applied in Europe (July 2018) and other brokers stopping their services to Canadian residents, I thought it would be great to get a new perspective on how to choose the best Forex broker again if you've been impacted by these recent events. Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Pick Your Forex Broker: Interactive Map from Forest Park FX 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 Trent Hoerr? Forest Park FX LinkedIn 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!

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 PRO: Sign Up To Tony Sycamore's Technical Reports TradingView City Index Larry Williams (Trader) 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 Tony Sycamore? TechFxTraders Facebook Twitter LinkedIn 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!

Price Action & Profitable Trading Strategies In episode 149 of the Desire To Trade Podcast, I interview Rolf and Moritz, both of the co-founders of Tradeciety and Edgewonk. While Moritz has been a few times with me on the podcast and on YouTube to talk about different topics, this is the first time for me to interview Rolf, to get a little bit into both what they do and kind of how they deal with things. In this podcast, we cover topics more in depth, we go more into the lessons they've learned and it kind of builds a story on through how people evolve in their trading. Both of them share some great knowledge into this interview. You'll be able to find out what they work on, what kind of strategies they use, what habits they implement, and what helps them achieve the level of a successful trader. As you know I've been recommending Edgewonk a few times in the past, the trading journal that they are both co-founders of. Topics Covered In This Episode Who Rolf and Moritz are [1:54] Moritz going into swing trading and the process he went through to do that [3:27] Rolf's trading style and strategies [4:56] The indicators they use and the best one to use [7:00] The importance of having a trading journal and what lessons they learned [9:19] How often they go back in their journal and look at the trades [11:38] Price action as a winning strategy and how they apply it [12:21] The process from manual trading and putting it on a script or starting from scratch [14:07] The process for someone wanting to start and looking at a chart [14:17] Their thoughts on taking partial profit along the way [15:20] Advantages of having multiple brokers [18:48] How they find fulfillment in trading [20:28] The difference between traveling and trading versus having an office and an apartment where you live [23:06] How come there are not that many female traders [25:30] How their normal day looks like trading [26:25] How they keep their fears and emotions out when trading during the day [28:11] How they make sure they're not affected by the losing trades on a bad day [29:25] What their worst and best days of trading are like [31:03] Using a demo account and losing capital before going into a live account [32:48] Stock trading versus Forex trading [34:08] Trading "exotics" [36:17] What their first trading journal was like [39:21] The top 3 or 5 things to try in a journal [40:08] Better times in a day trade Forex [41:35] Trading with the daily charts [42:21] Placing trades after the "open" [43:59] How many positions they place in a day [44:16] Logging their trades in Edgewonk [47:34] What moving average they are using or their favorite [48:01] Resources Mentioned Tradeciety Edgewonk YouTube Channel: Edgewonk, Tradeciety The Pomodoro Technique 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 Moritz & Rolf? Tradeciety Facebook Twitter 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!

Stocks Trader Routines & Strategies To Get Wealthy In episode 148 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading in the US. I interviewed him a few episodes back (Episode 113) but today we go more in detail into what he trades, the strategies and also the routine he follows on a daily basis. In this podcast, one topic we touch on in this interview which I think we never talked about before, is what does it take to become wealthy from trading. This is major because you cannot just trade day to day and become a wealthy trader. The definition of being wealthy, as Jeremy says, is "being able to make money while you sleep" -- and that won't happen with trading most of the time. SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE! Topics Covered In This Episode Who Jerremy is and what he does [2:23] What are Jerremy's routines, things he does on a daily basis, things that make him a better trader and the strategies behind them [3:55] Why Jerremy looks at volume and what he wants to see [6:40] How he looks at a daily/weekly chart and 500 chart [12:58] Why Jerremy sells on a bullish volume [15:25] How Jerremy profits on the different scenarios [16:42] Building wealth and investing part of it to trade [21:50] How Jerremy manages when he travels to a different place [23:15] How Jerremy works when he's trading [27:18] Entering one or multiple trades at a time [29:03] How volume is more important for upward breakout than downward breakdown [31:37] Jerremy's open house trading room at Real Life Trading [35:56] Biggest pitfalls traders make [38:08] Separating his long-term stuff as opposed to short-term, having different trading accounts [40:49] Things to do to become a profitable trader if you're just starting from scratch [43:52] Pros and cons of focusing on the stock market in your country [49:04] Jerremy's advice for people trading [54:30] And many more! Resources Mentioned Book: Tony Robbins' Awaken The Giant Within Book: Tony Robbins' Unleash the Power Within 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? Email: JerremyNewsome@gmail.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!

How Much Money Do You Need To Trade Forex For A Living In episode 147 of the Desire To Trade Podcast, we're talking money! The question is, how much money do you need to trade Forex? 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. Most importantly, this advice should be used to level up your standards. It's crucial to set the right goals in order to achieve your desired outcome. That's what this compilation titled "How Much Money Do You Need To Trade Forex For A Living" will help you achieve. Subscribe on Youtube! Watch the motivational video! SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE! Interviews Used For This Episode 4:47 Richard Weissman – Trade Like A Casino 6:29 Steve Patterson – Top Trader Sharing His Secrets For Managing Money 9:12 Steve Burns - Mission To Help New Traders 10:09 Nenad Kerkez - Trading Small Accounts 11:40 Houston Truong - Insightful Full-Time Retail Trader 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!

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 Article: Part-Time Trading Made Easy - Bulls on Wall Street Book: Trading in the Zone Book: Trading Mindset Book: The Obstacle Is the Way 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 Singh? Swing Trading Alerts at Bullsonwallstreet.com Blog: Pauljsingh.com Part-time trading series: 30 Days to Master Part-Time Swing Trading Email: Singhjd1@aol.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!

Forex Trader Motivation / Compilation From Top Traders Around The World In episode 145 of the Desire To Trade Podcast, I'm doing things a little different! A Forex trader motivation episode! yeah! 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. Subscribe on Youtube :) Watch the motivational video! Interviews Used For This Episode 1:33 Andrew Menaker - https://youtu.be/ZgIGie8shcg 1:51 Patrick James - https://youtu.be/nxwCW3ZeMmU 2:02 Rayner Teo - https://youtu.be/fDWwUhP28ws 2:41 Paul Wallace - https://youtu.be/g0RgUF8sj6o 3:10 Jason Graystone - https://youtu.be/nMCEeFN-ZUg 4:49 Dave Floyd - https://youtu.be/GTHrc6M4j-c 6:59 Michael Toma - https://youtu.be/SjabzsJ9tgs 8:06 Barry Burns - https://youtu.be/IU9RThr8P5g 10:33 Brent Penfold - https://youtu.be/iAvBbBvth0Q 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!