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

Algorithmic Trading Strategies (Moving To Automation) In episode 133 of the Desire To Trade Podcast, I interview Matt DeLong, an algorithmic trader & business owner to discuss the process of moving to automation. Over time, Matt went from being a manual day trader to making returns in the market through the use of algorithmic trading strategies. While I find interest in the topic of algorithmic trading, I find a lot of value in speaking with people who are in-the-action and executing on their ideas. That's primarily why I wanted to bring Matt on the show! Watch the video interview! Topics Covered In This Episode How Matt was trading prior to building algorithmic trading strategies 2:38 When Matt decided to go from manual to automated trading 6:00 The steps before starting to trade live with algorithms 8:02 How to avoid curve-fitting the strategy to past data 11:40 What to look for in a trading strategy programmer 13:27 How to use risk in your favor 16:53 The plan with Matt's hedge fund business 20:40 How to use things like S/R areas in algorithmic trading 24:23 How to handle major events in the market 26:57 What Matt does if a strategy hits the max drawdown 28:57 How Matt plans to find investors for his fund 30:14 The required equipment as an algorithmic trader 32:30 How often Matt looks at his past trades 37:00 Essential risk management rules 38:10 Resources Mentioned Recommended Udemy Course: Build Your Trading Robot EA Lab by TradeView Matt's charts: TradingView Financial website: Finviz 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 Matt DeLong? Parabolic Capital Quora TradingView 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 Price Action With Support And Resistance – Show Notes In episode 132 of the Desire To Trade Podcast, I interview Nick Bencino, Forex trader & founder of the Forex trading blog Forex4Noobs. We discuss how to trade price action with support and resistance areas as well as a couple of other very applicable topics! The reason why I decided to bring Nick on the show is that he was one of the people who directed me toward price action in the early years of my Forex trading journey. Nick has a very down-to-earth approach and a similar trading style to mine. Most traders can definitely learn something useful from his trading method. Watch the video interview! Topics Covered In This Episode Why Nick Bencino trades higher timeframes 4:20 How Nick Bencino started to trade at 15 years old 6:02 The process Nick went through to learn about price action 18:18 What Nick Bencino considers as price action 12:45 The timeframes Nick likes to trade 15:30 A controversial opinion on candle close 18:38 Where new traders should start to learn trading price action 20:35 How to deal with subjectivity in placing support and resistance areas 23:40 How often Nick replaces his areas and start fresh 26:25 How Nick validated his trading methodology 28:30 How Nick takes profit on his trades 32:20 The top challenges people have trading price action 33:55 How to decide what pair to trade 36:00 The most important traders must do 39:58 Resources Mentioned Steve Nison's Japanese Candlesticks Charting Technique Nick's new site: Cryptos4Noobs 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 Nick Bencino? Forex4Noobs Twitter 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 Make A Living With Forex Trading – Show Notes In episode 131 of the Desire To Trade Podcast, I bring back London session Forex day trader Jason Graystone to discuss how to make a living with Forex trading. During his previous interview on the podcast, Jason mentioned the idea of "selling out" as a major reason for his success in trading. In this interview, we go a little more in-depth concerning what Jason had to do in order to make a living with Forex trading. Watch the video interview! More About Jason Graystone Previous interview with Jason Graystone (#016) Topics Covered In This Episode How Jason Graystone achieved his goals by "selling out" 5:05 A powerful shift of mindset 7:25 How & why to trade the London session 8:52 The timeframes Jason uses for day & swing trading 11:30 What Jason does when he misses a trade 13:08 How long it took Jason to become a profitable trader 15:28 What would Jason do differently in his trading journey 17:34 How to deal with stress & stay calm when going all-in on trading 18:25 A nice advantage of trading for a living & building a business 20:50 The biggest psychological shift in Jason's trading 22:25 A psychology thing people do wrong (uncommon) 24:56 How & when Jason reviews his strategies/trades 27:05 How do you become a "certified Forex trader" 29:15 How to create a good strategy & playbook 32:15 Jason's favorite patterns & strategy 33:25 Jason Graystone's trading environment essentials 34:25 Why Jason has a BIG whiteboard in his trading room 35:40 Jason's thoughts on Bitcoin (very interesting for the future) 37:00 How to use price action to take a trade 39:27 All about the Tier One Trading platform (Jason's new venture) 40:15 The impact of teaching on your own trading performance 43:20 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 Jason Graystone? Tier One Trading Twitter 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!

Price Action Trading Setups That Work – Show Notes In episode 130 of the Desire To Trade Podcast, I bring back Forex price action trader Paul Langham. Paul spent a great amount of time trying to understand how banks were involved in the Forex market. That involved looking at price action. This work allowed Paul to work for major European and UK banks. He got introduced to the market after developing an interest in horse racing bets. That, although trading is fairly different in various ways, helped Paul develop a sense of probabilities that served him in his trading career. Watch the video interview! More About Paul Langham Previous interview with Paul Langham (#080) "Nobody can predict the market." - Paul Langham Topics Covered In This Episode A bit of background on Paul Langham 3:35 What trading looks like in a bank 9:35 Should you consider the news when trading? 14:00 Strategies for higher & lower timeframes 16:30 Some of Paul's long-term trades & how he takes them 18:45 A technique that helped me break-even as a trader 25:20 The first thing Paul looks like on a chart 26:30 How to identify support and resistance areas like a bank 29:10 How to combine multiple timeframes & the BIG mistake 32:30 What Paul looks for when price approaches a major level 34:51 How to trade like big players 37:50 A technique to trade reversals & breakouts 39:35 What timeframe is best to determine the trend 42:08 Are correlations important? 45:40 How to prepare for a stock market crash 48:00 Filters to use in order to increase the reliability of a system 50:45 What is in Paul Langham's Forex Uncensored price action course 56:00 How many trades to take to evaluate your expectancy 1:03:55 How to go from part-time to full-time trading 1:10:10 How to treat a $100 trading account 1:14:25 EXCLUSIVE OFFER: Get A Discount Off Paul's Course With A Complimentary Access To The Desire To Trade Academy Resources Mentioned In The Interview How To Go From Part-Time To Full-Time Trading (#118) Getting Financing: Fundseeder 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 How To Paul Langham? ExactTrading Twitter YouTube 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!

Can You Make Easy Money Trading Forex? – Show Notes In episode 129 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to re-calibrate expectations & tackle the issue of making easy money trading Forex. Is that even possible? Well, there are things that must be said... I've got to understand that it is much more rewarding to develop the right habits from the start, as opposed to being focused on making easy money trading Forex at first. A big shift for me happened when I started to accept having an average trading strategy instead of researching for the perfect one. Truth is: it'll probably be impossible to find a perfect strategy. An average one (as long as it's strong) will probably get you ahead more than you expected it. DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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!

This Is How You Become A Successful Trader – Show Notes In episode 128 of the Desire To Trade Podcast, I interview Tom Constable & Brandon Turner from Two Blokes Trading. This is a special "double" episode in which we dive in both of my guests' stories. Check out my interview on Two Blokes Trading (podcast)! Tom started to interview traders in order to understand how he could become successful himself. He is in progression to become a profitable technical Forex trader. For his part, Brandon, who now trades full-time, has over 10 years of experience in different roles within the trading industry. He is mainly a fundamental trader. The cool part of this interview is you'll get to see what both Brandon & Tom did before reaching the point they are at today. Aside from being complete jokers (the funniest I've seen), they can be great inspirations... More About Tom Constable He is an ex-Army Officer, Ron Zacapa rum enthusiast, technical algo trader, cryptocurrency noob, recovering system chaser. More about Brandon Turner He is a full-time trader since 2006, Forex fundamentals and sentiment trader, closet vegetarian, allergies include technical indicators, suits, and getting rich quick. Topics Covered In This Episode Brandon & Tom's inspiring quotes 2:00 Brandon's story (how he got a trading job) 3:15 How Tom started trading & documented his journey 8:10 How starting Two Blokes Trading helped Tome improve his trading 10:25 Brandon's uncommon & profitable style of trading 11:38 How Brandon was able to test his edge in the market 17:40 How Brandon keeps track of his trades 23:45 How Tom adapted his trading to his personality style 25:00 How Tom struggled with S/R zones and how he overcame the subjectivity 29:50 What actions Tom took to become a much better trader 31:05 What Brandon see most traders do wrong in the market 35:00 The MAJOR shift I've made in my trading over the years 38:50 How to readjust your expectations of returns in trading 41:00 Habits essentials to succeed as a trader 43:50 Resources Mentioned In The Interview Book: Rich Dad Poor Dad by Robert Kiyosaki Trading Journal Software: Edgewonk 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 How To Find Tom & Brandon? Two Blokes Trading 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!

How To Become Your Own Forex Trading Hero – Show Notes In episode 127 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to discuss how you can create your own Forex trading hero journey. It starts right now! While we like to see movies in which the main character goes through a crisis, it's much harder to accept going through that journey in real life. Fortunately for us, Mandi shared a typical trading hero journey that you can apply in Forex trading. You'll probably be able to spot where you are in this journey. And knowing this will allow you to move to the next step, where you're likely to see some breakthroughs. Topics Covered In This Episode How the hero journey appears in trading (step-by-step) 7:00 How to use "games" to push yourself to act right in trading 11:00 The difference between successful & unsuccessful people 11:20 Why affirmations alone don't work & what to do instead 15:20 The feeling of success in trading & what it's like 17:15 How to know what to work on in your hero journey 18:30 The myth of "discipline is required for success" 24:00 Why people bitch about "educators" and "coaches" 26:15 Why acting according to your values is key [Powerful!] 28:00 How many currency pairs you should trade 31:03 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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 2018 An Epic Year Trading Forex – Show Notes In episode 126 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to tackle the process of making 2018 an epic Forex trading year. I hope you enjoy! Mandi has helped me organize a training that is part of the Desire To TRADE Academy. This 12-week training is titled the Forex Trading Psychology Mastery. Use promo code "Mandi" when signing up for the Academy Elite Membership to get $200 off! Valid until January 12th, 2018. Topics Covered In This Episode How to re-evaluate your 2017 trading & a common bias 3:15 How to make money trading & not give it back 8:30 Why staying in isolation is bad for your long-term success 11:00 Why taking care of your health will help you trade better 20:00 A cool new feature coming up in the Desire To TRADE Academy 22:25 How Mandi uses simple rules to stay on top of life 23:30 How to deal with traders who distract you from your strategy 27:40 Awesome advice from Mandi on how to trust yourself 29:34 How to use a Habit Tracker to stay on top of your habits 33:15 How to identify the issues you need to work on 38:15 Resources Mentioned Book: Secrets To The Millionaire Mind by T. Harv Eker Article: A Chess Novice Challenged Magnus Carlsen. He Had One Month to Train Book: Rejection Proof by Jia Jiang DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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!

Walter Peters on Naked Forex & Swing Trading – Show Notes In episode 125 of the Desire To Trade Podcast, I interview a guest I had been waiting a long time to talk to... Walter Peters is a full-time Forex trader, author, podcast host, and more. He has inspired & helped me through his book Naked Forex: High Probability Techniques For Trading Without Indicators, which I read some time ago. What's great about Walter is that he isn't the type of trader who wants to trade all day. He developed a high time-frame style of trading that gives him more freedom. He can then go surf and enjoy life! Over the past few years, Walter's focus has shifted from trading systems (liked the ones shared in his book) to trading psychology & money management, which we touch on during the interview. Watch the video interview: Topics Covered In This Episode How Walter started to trade after getting his dream job 3:38 What Walter had to do to become a profitable trader 7:57 Walter Peters' advice on those wanting to leave their jobs 11:40 How to move scalping to your advantage (hint: don't trade all day) 14:07 How Walter Peters changed his trading style after writing Naked Forex 15:34 What made Walter Peters shift from a focus on systems to psychology 16:15 How to turn your trading into a game (POWERFUL!) 19:12 The biggest mistakes aspiring Naked Forex traders make 21:50 How to see what the majority of traders are doing in the market 24:10 How to deal with swing trading drawdowns (more markets vs. more strategies) 28:10 Walter Peters to trading Forex while traveling 31:26 How often Walter checks his charts & why 34:15 A lesson Walter Peters wanted to pass on to you 38:30 Resources Mentioned In The Interview Book: Naked Forex: High Probability Techniques For Trading Without Indicators (by Walter Peters) Book: The Encyclopedia of Chart Patterns by Thomas Bullkowski (recommended by Walter) Backtesting: Forex Tester 3 (read my review) OANDA open position ratios Saxo open position numbers IG's open positions (on each of the currency pair pages, here is the GBP/AUD) Historical Price Data vs. Open Positions at OANDA See where the orders (entry orders and stops) are placed 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 How To Find Walter Peters? FxJake.com Truth About FX Podcast 2 Traders Podcast Youtube 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!

Advanced Patterns, Forex Price Action & More! – Show Notes In episode 124 of the Desire To Trade Podcast, I re-interview full-time Forex trader Akil Stokes. We discuss your top questions on advanced patterns, trading price action, as well as how to go from struggling to highly successful as a Forex trader. Watch the video interview "The more organized you are, the less opportunities you're gonna to miss." - Akil Stokes Topics Covered In This Episode Akil Stokes introduces himself 2:00 Akil's trading style and the transition he went through 3:14 What are advanced patterns and how to use them 4:22 The top advanced patterns traders should focus on 6:40 Why Akil Stokes transitioned from trading patterns to trading price action 8:41 How did Akil come up with his price action strategies 12:05 How to create strategies that work on multiple pairs 14:38 How to get organized and keep track of your trading strategies 17:00 How to deal with the noise in the Forex market 18:50 How to create a highly specific trading plan for success 21:10 How to become good at identifying zones & reading price action 23:50 How Akil Stokes spend his time to become a better Forex trader 26:20 A little insight on TierOneTrading 28:23 What Akil Stokes tells people who think indicators are bulls*** 29:50 What stop loss you should use for best results 33:10 Using a mental stop vs. hard stop 34:30 Akil Stokes shares his thoughts on Bitcoin and trading it 36:40 Akil's thoughts on trading with expert advisors (EAs) 38:31 What we recommend people doing to improve their trading during the Holidays 40:44 A powerful unexpected piece of advice from Akil 42:20 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 How To Find Akil Stokes? TierOneTrading (coming in 2018) Youtube Twitter 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!