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

Day In The Life Of A Forex Trader To Achieve Your Goals In episode 144 of the Desire To Trade Podcast, I discuss with full-time day trader & trading coach Mandi Pour Rafsendjani about productivity, money mindset, and how to make the most of your time if you want to get to full-time trading while having a full-time job. We discussed trading psychology, covering much of the aspects you need to be able to trade full-time and to have the right psychology and the right mindset. Topics Covered In This Episode How to experience freedom in your life [3:35] How to organize your life, set goals and put categories underneath [6:43] The different steps to take to reach your goal in trading [12:29] Working on your mindset particularly in financial challenges [14:25] Solutions for people to deal with money [18:33] Doing trading while working a full-time job [20:52] Dealing with news releases [24:49] Actually sticking to a plan [26:15] Doing what needs to be done to achieve the goal [32:17] Resources Mentioned Mandi's NEW Fierce 10 Program 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!

Order Flow Forex Trading & Price Action In episode 143 of the Desire To Trade Podcast, I interview pro trader Chris Capre from the US. He is also the founder of 2ndSkiesForex and a soon-to-be new trading venture. In this podcast, Chris went a little bit more in detail on his professional methods and most specifically how he uses order flow in trading. He also shows his approaches and methods through charts/graphs in this episode. Topics Covered In This Episode Who Chris is, what he does, and background on his trading [1:47] Chris' trading style, price action, and order flow [5:13] How to read and understand order flow [11:24] What Chris looks at in the model [19:38] The challenges and not getting overwhelmed with the data [24:24] The best way to look at the chart [28:33] Bullish and bearish candlestick patterns [30:42] The timeframe to consider [34:29] How Chris uses or integrates news and fundamental data or sentiment into price action [36:48] Chris' goals for profit per month and how he measures it [40:12] How Chris sets targets and risk parameters [42:59] How Chris uses indicators [45:16] Ichimoku Cloud and the ways to trade it [45:42] Chris' Price Action Course [50:42] Chris' techniques for withdrawals in your account and equity management [53:04] Chris' advice for people [58:15] Resources Mentioned Chris Capre's Advanced Price Action Course (Use promo code EC15OFF to get 15% off the course.) 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 To Trade Fundamental Analysis In Forex In episode 142 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino in London. I met up with him specifically to discuss more in-depth the topic of crypto trading. Being a Forex trader first, Nick started to apply his price action knowledge into the crypto trading world and is currently developing price action strategies mainly for Bitcoin. Watch the video interview! Previous Interview with Nick Bencino: Trading Price Action With Support And Resistance Topics Covered In This Episode Nick Bencino's trading style & entry into crypto trading [2:30] How Nick adapted his trading style to cryptocurrencies [5:54] How Nick developed his crypto trading strategy & picked timeframes to trade [8:20] Which cryptocurrencies are worth trading (due to correlations) [11:54] The technicalities of crypto trading (platform, broker, etc.)[14:18] Should you look at trading Bitcoin both ways? [18:05] How Nick Bencino analyzes candlesticks in the market [19:40] How Nick manages risk in crypto trading [25:50] The usefulness of a checklist in Forex & crypto trading [28:35] Is looking at volume useful for the Forex and crypto markets [30:12] The management of losing streaks (great advice) [32:22] The role of patience and how to develop it [38:22] The average monthly return of Forex and crypto trading [44:15] The best way to learn to trade successfully [47:19] A day in the life of Nick Bencino & his exact trading times [50:40] Nick's controversial opinion on trading signals [53:15] The principle of adding to your trades as they go in your favor [54:10] How Nick adjusts his support and resistance areas [57:45] And much more! Resources Mentioned Trade Journaling: Edgewonk Chart Platform: TradingView Book: Discipline Equals Freedom 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 Nick Bencino? Forex4Noobs Cryptos4Noobs Twitter @cryptos4noobs 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 Fundamental Analysis In Forex In episode 141 of the Desire To Trade Podcast, I interview full-time trader and podcaster Brandon Turner from Two Blokes Trading. From his desk in Toronto, he was able to offer his knowledge on trading fundamentals. Brandon is primarily a fundamental trader who looks at Forex and he went through all the steps, all the things that has to be looked at before starting a Forex trade. In this podcast, Brandon talks about whether you want to trade with the news or you want to look at the fundamental trade before entering a trade, what are the things you need to know and the fundamentals of trading. Topics Covered In This Episode Who he is, what he's doing, and a little bit about his trading [2:26] How he taught himself fundamentals and sentiment [8:36] His trading style and what he's looking for in the market [9:54] How he responds to fundamentals and sentiment seen on chart to trade better [12:26] What and how people react to fundamental events [16:45] What his daily routine looks like to be able to get that sentiment or picture of the market [18:11] How he interprets and the resources he uses [22:04] Where you can find the main areas that the Central Bank is focusing on [23:15] How often he is right on what he thinks is going to happen with the trades [25:19] How he places stop-loss and risk management [28:59] Other sentiments or fundamental tools that he uses apart from the news [30:50] TV channels he looks at [33:28] How the news affects his trade [34:10] His advice for people in trading [35:45] Resources Mentioned RANsquawk ForexLive X Open Hub 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 Brandon Turner? TwoBlokesTrading.com Twitter: @BrandonTurnerFX 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 Get Capital To Trade (the easy way) In episode 140 of the Desire To Trade Podcast, I interview Jack Schwager, fund manager and well-known author of Market Wizards. He has been most recently working on a platform (FundSeeder) that links traders and investors so they can get capital and that an investor can get a talented trader to manage their money. In this podcast, Jack shares a lot of good insights in this interview and shows you exactly what you need to do if you're aspiring to trade. He's going to show you pretty much 75% or more of everything involved and that you almost automatically end up trading for people if you do things right. We explore the topic of how to get capital for trading and the quite simple steps that you need to take to start trading. Topics Covered In This Episode What he's doing now and in the past, and how that transitioned to what he's doing now [1:43] How he wrote his book 'Market Wizards' and the things he went through [3:04] The different steps people go through to become successful [5:16] The role of trading and how he sees it in his life [6:36] If it is normal for traders to have some negative years of return [10:16] How people can get back from 'losing' years [11:16] How some traders completely change strategies like Martin Schwartz [14:41] The acceptable maximum drawdown [17:24] What FundSeeder is about and how he came to start funding it [19:20] The proper risk-to-reward ratio measures to use [26:29] The Sortino ratio [31:35] What you need to be able to trade for investors and other people [31:59] How relations are a big deal [35:47] What type of track record you need to be able to get capital [36:18] How the process works once you will be able to trade for other people and linking your account to FundSeeder [37:54] Signing up for FundSeeder if you have a small account of less than $10,000 [43:51] If you're able to have multiple accounts to your name [47:05] Day trade or swing trade and how it doesn't make any difference [47:59] Trading accounts from a Forex trader and stock trader [49:30] The Accelerator Program on FundSeeder [50:39] When you'll know when a chart is broken [54:25] Resources Mentioned Book: Market Wizards FundSeeder FundSeeder Accelerator Program 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 Jack Schwager? FundSeeder email: jschwager@fundseeder.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 Succeed At Trading For A Living In episode 138 of the Desire To Trade Podcast, I interview full-time trader Moritz Czubatinski exploring the topic of how to succeed at trading for a living. Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf. Moritz has lived in Asia for 7 years and moved back to Germany to run his businesses. He has also been a day trader and is right now transitioning to swing trading and position trading. In this podcast, Moritz talks a little bit more about his tactics and some of the uncommon ways that are used to become a profitable trader and to continue growing. Topics Covered In This Episode What he's doing in Europe these days [2:50] Living in Asia and trading or working while there [3:58 His favorite trading and non-trading books [5:10] What helped him most to become a profitable trader and trade full-time [6:50] What needs to be on your to-do list if you're a beginning trader [8:57] How he became profitable and the things he did [10:38] His review process [12:53] What he will tell people to do when everything seems to go wrong [14:20] Thinking in terms of time [16:27] Transitioning from day trading to swing trading [18:31] His best tip for people who don't have a strategy [19:54] How he handles drawdown [22:30] What his ideal setup is [24:02] Trading with single or many strategies/systems [26:07] Using volume in stocks [29:08] His productivity techniques [30:10] Scheduling his trading time [32:43] His entry system and recommended timeframe for new or aspiring traders [34:39] Studying to become better [35:47] Things that he keeps doing to move forward [37:13] Accounts he started with [40:20] What people have to learn about [41:34] Scenario optimizer/tester in Edgewonk and other features [43:56] His educational background [48:56] Best and worst parts of the forex trader lifestyle [50:02] His thoughts on hedging [50:51] Different job fields one can take in trading [53:19] Resources Mentioned Trade Journaling: Edgewonk Book: Technical Analysis of Stock Trends by Robert Edwards & John Magee Book: Atlas Shrugged by Ayn Rand Book: Portfolio Selection by Harry Markowitz Book: The Evaluation and Optimization of Trading Strategies by Robert Pardo 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 Czubatinski? 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!

Trading Success Tactics From An Investment Manager In episode 137 of the Desire To Trade Podcast, I interview investment manager James Whelan. He shares some very important trading success tactics few people ever talk about. What's great about the tactics pointed out by James is that you'll be able to apply them whether you're a retail trader or a professional one. James currently works for VFS Group, who provides holistic and targeted professional investment advice to Private Clients. He shared some of what his role as an investment manager involves in addition to trading. One thing that is to take-away: relationships are big in the trading industry and can easily make the difference. Topics Covered In This Episode James Whelan introduces himself 2:00 How James first got involved in trading 4:00 How James Whelan started to practice trading for success 5:30 What profitable traders should do and focus on 7:45 The difference between trading for yourself and for an institution 10:18 How big institutions protect their capital 12:00 James Whelan's trading style & how he manages it 14:18 How to align with what big institutions are doing 18:28 How to keep a great mindset with everything that happens 24:25 Best tips to trade in the right mindset 26:30 And much more... 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 James Whelan? VFS Group 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!

Master Forex Trading: Learn How To Manage Your Time In episode 136 of the Desire To Trade Podcast, I discuss with Mandi Pour Rasfendjani an uncommon technique to master Forex trading. I've got to discover over the years that the best way to master anything is to learn how to master your time. That's what we're talking about in this episode. I get a lot of people reaching out saying they're "too busy". The truth is, we all have the same 24 hours. You've got the same number of seconds each day as Oprah Winfrey, Steve Jobs, Bill Gates, etc. No more no less. What you do with your time ultimately determines who you are... That's why we're diving in the topic this week! Resources Mentioned FREE: Forex Trader's Time Blocking Guide 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!

From A Lucrative Job To Professional Trader And Fund Manager In episode 135 of the Desire To Trade Podcast, I sit down in Hong Kong with professional trader, fund manager, author, and educator Ray Barros. A lawyer by profession and training, Ray gave up his lucrative law practice in the 1980s to focus on his first love – trading. His initial attempts at trading failed miserably and he suffered heavy losses. But, after making all the mistakes in a trader's manual and then some, Ray finally hit on a trading approach that gives him the market edge. This approach has proven effective in both trending and congested markets, allowing him to trade profitably and consistently. Thereafter, he was highly sought after by major banks to manage their funds. At the same time, he was also very much sought after as a trainer to train other institutional traders based on the strategies and techniques he developed. In the early 1990s, he became an outsourced FX Trader and this gave him the flexibility to focus his next great passion – teaching. Topics Covered In This Episode A quick introdton about Ray Barros 0:22 How Ray Barros first got involved in trading 1:05 How Ray recovered from blowing up an account 2:40 The best way to improve in trading & learn what the market does 4:21 How to create a proper trading plan 5:45 How Ray Barros started to manage funds 8:00 What Ray thinks of a $100,000 account (and up) 9:30 How to get capital to trade (when you're profitable) 11:10 How to know if a fund is a scam or not 12:23 Chris asks: do you need to show a track record to investors?13:47 Should you keep your losing period on your track record 15:52 How Ray Barros handles drawdowns (BIG lesson!) 17:13 How Ray managed to keep his investors over time 19:00 Kimo asks: what's your approach to the market? 23:00 Taking partial profits or moving stops with discretion 25:38 How Ray manages professional trading & running a fund 29:35 What timeframe Ray Barros focuses on and when 31:15 How to scale up your trade size 33:12 How much to risk per trade (rule of thumb) 34:20 How to build up your account size 35:20 Why Ray Barros applies the same process to all markets 37:50 Advice to start in discretionary trading 38:27 Ray's maximum drawdown rule 39:50 What traders do wrong these days 41:00 Why trading is the hardest job in the world 42:50 Why Ray Barros meditates 46:34 Resources Mentioned Trade Journaling: Edgewonk Book: The Nature Of Trends (by Ray Barros) 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 Ray Barros? Trading Success 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!

Currency Trader Interview (Living In Paradise) In episode 134 of the Desire To Trade Podcast, I am sitting down for an in-person currency trader interview with daily chart trader Jim Brown. Living in Da Nang, Vietnam for over 2 years now, Jim has developed a methodology using technical indicators to trade roughly 60 currency pairs on a fairly high timeframe - the daily chart. This trading methodology allows him to reduce his screen time to less than an hour a day, and thus enjoy the beautiful beaches Vietnam has to offer. This currency trader interview covers topics such as how to maximize your lifestyle as a trader, tips for trading the daily charts, how to trade multiple currency pairs, and more! Watch the video interview! Topics Covered In This Episode What Jim Brown is up to 2:30 A day in the life of a daily chart Forex trader 3:50 How Jim is able to follow 60 currency pairs 6:30 How Jim decides what currency pairs to follow 7:55 The process of creating custom indicators 12:40 How Jim Brown tested his trading strategies 16:00 What's the cost of living in Da Nang, Vietnam as a Forex trader 22:25 How Jim handles drawdowns 24:00 The common mistakes people make in applying Jim's strategies (interesting statistics) 26:30 What to do after a losing day on tight stop losses 38:30 Jim's daily average screen time 32:05 How Jim managed to trade with a full-time job in the past 35:15 How long Jim's daily chart trades remain open on average 39:15 And much more… Resources Mentioned Backtesting Software: Forex Tester 3 Backtesting Expert Advisor for MT4: SoftFx Simulator Grab Jim Brown's books w/ free indicators 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 Jim Brown? JagFx Facebook Group 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!