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

In episode 93 of the Desire To Trade Podcast, I interview Stacey Burke, a Forex trader who has learned about trading the hard way while blowing up some small accounts and making all the mistakes most losing traders make. Through that process, however, he has able to identify where the real problems were in his trading and how he could finally turn the corner to become one of the few profitable traders. Coming from a sporting background in ice hockey and Ironman triathlon, hard work and a competitive nature are some of the attributes he believes are necessary to succeed in Forex trading. Stacey gives credit to other great traders for his success. Brent Penfold's advice on being "the best loser", but he also implemented things in his daily routine to help him continually keep getting better at the process of trading. Like Mike Bellafiore says "how good can we get?" Here's a key takeaway: "Trading mastery is a journey, not a destination. Focus on constant progress, NOT perfection." (click to tweet!) I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview "If you know the enemy and know yourself, you need not fear the result of a hundred battles." - Sun Tzu "Focus on being a good loser and having asymmetrical risk/reward opportunities." -Stacey Burke "Keep it simple and learn how to lose." - Stacey Burke In This Episode, You'll Learn… How Stacey went through 10 years of losing trades without stopping - and how he recovered The Forex trading habits and rituals that Stacey go through on a daily basis How to really learn from other traders - because you can't simply copy Why expecting to lose trades is powerful The importance of having a solid trading journal and how Stacey does his Some of the best lessons from traders around the world Why teaching and sharing makes you a more successful Forex trader The more you trade the more you are likely to make mistakes How Stacey uses paper notebooks - I do the same! One thing Stacey wished he knew when he started to trade How to create an asymmetrical edge in the market And much more! Resources Mentioned In This Interview Edgewonk: the trading journal Stacey and many traders use on a daily basis. Enter "dtt20" at checkout to get 10% off and a 3-month complete membership of the Desire To TRADE Academy. Dr. Brett Steenbarger's blog: a great resource to grow in the field of trading psychology with daily content. Peter Brandt: a trader Stacey gives a lot of credit to for sharing his experience and knowledge. DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Stacey Burke? Stacey Burke 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!

In episode 92 of the Desire To Trade Podcast, I interview Kiana Danial a trader with a special emphasis on building her portfolio over time. She is helping people grow their wealth by investing. Here it's not a matter of getting rich quickly. Instead, Kiana looks at the market from a long-term perspective and that's how she saw most of her success in trading. What's most interesting about Kiana's trading style, however, is that she is still very involved in the market. She usually knows what's going on and what it's best to look at. Kiana confirms the idea that successful trading isn't a full-size-fits-all activity. You cannot expect to succeed by copying other people. As a matter of fact, those who see the most success in trading understand who they are. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview "Patience is a profitable virtue" - Kiana Danial "Know yourself, know your financial situation, know your goals, and know your portfolio" - Kiana Danial In This Episode, You'll Learn… How she started to trade from Japan and made her first $10,000 in one trade How Kiana sees trading as part of her financial plan How she realized day trading wasn't for her Why the odds are against you in day trading How to find out your risk tolerance Defining the type of portfolio you own Whether to consider fundamentals vs. technicals in various markets How to evaluate your trading portfolio & do market reviews What happens when you add to your positions (i.e. scaling in) Taking partial profits & what it does to your trading account. Why you can't copy people and expect to succeed in trading Resources Mentioned In This Interview Free Masterclass: Make Your Money Work (a free training offered by Kiana) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Kiana Danial? Swing Trade Setups 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!

In episode 91 of the Desire To Trade Podcast, I interview Mike Tedeschi, a day and swing trader running a portfolio as well as a trading chatroom. At the time of the interview, he has been trading for himself for over 6 years. Mike looks at the investment world through a contrarian lens. By going against the herd, he positions himself to achieve the largest possible returns in the quickest time frame with the least amount of risk. One of the topics we touch on is the need for a trading plan. Mike, like me, has also been developing a trading playbook that contains multiple trading strategies he uses on a daily basis based on how the market moves. We also touched on the topic of trading alerts. As the main takeaway, you can make money in the market without being involved in the market at all times. There are times when the market isn't producing anything worth trading and that is where you need to be able to step away. There are absolutely no reasons to go in the market when there are no trades. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview "Prices are never too high to begin buying or too low to begin selling" -Jesse Livermore "If you can't make money on the leaders, you can't make money in the market" If you treat trading like a hobby it's going to pay like a hobby. There are no reasons to go in the market when there are no trades. In This Episode, You'll Learn… How Mike started to trade from Japan The types of mistakes traders make at the beginning The 3 most important aspects of trading How to overcome the fear of losing money The analogy of flipping a coin in risk management EXACTLY how Mike trades intraday and swing How Mike uses a trading plan, playbook, and checklist The types of behaviours that are costing most money to traders Why Mike doesn't give that much importance to backtesting Why you can't rely on news to trade at all times Why you can't look at the market as an ATM How to avoid trading all the time - how to use alerts like a pro! How to increase your ratio of successful trades And much more! Resources Mentioned In This Interview FINVIZ: a free financial visualization tool (i.e. mostly stock screener) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Mike Tedeschi? Swing Trade Setups 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!

In episode 90 of the Desire To Trade Podcast, I interview David Bergstrom, a trader and a pro when it comes to creating strong systematic trading strategies and testing them. David has been developing a software that helps traders test trading strategies in a matter of a few hours, so I was curious about the process he undertakes to truly validate an edge in the market. Trading over 100 strategies at this point, David also has a solid process he goes through wen it comes to deciding what exactly to trade. That is a great lesson for any trader. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview "Test everything" - David Bergstrom In This Episode, You'll Learn… The jump from manual to automated trading How David tests everything he trades How to trade over 100 trading strategies on multiple markets The lessons David got from Wall Street The importance of having different types of trading strategies The type of trading strategies that work well with algorithmic trading How you do one thing is the way you do everything. And much more! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find David Bergstrom? Website 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!

Several months ago, I stopped using my favorite charting platform - Meta Trader 4 at the time - to do all my technical analysis on TradingView. After being asked on several occasions, I thought it was time for me to come up with a TradingView review and to discuss the things I like and don't like about the online charting platform. What Is TradingView? To start with, I just want to ensure I eliminate the confusion about what TradingView is and isn't. In short, it's an online portal with charts...but it doesn't stop there. TradingView is an entire social/trader's network where anyone can publish a trade idea. For some notable people to follow (if you have any recommendations, let me know!): Akil Stokes - https://www.tradingview.com/u/Akil_Stokes/ Jason Graystone - https://www.tradingview.com/u/J_Graystone/ Etienne Crete (yeah, that's me) - https://www.tradingview.com/u/EtienneCrete1/ The first thing I must point out is that TradingView is accessible pretty much anywhere (by that I mean it isn't blocked in China, and you can access it even from a mobile device). 3 Reasons To Use TradingView Ability To Draw Anything On Any Chart I'm a really visual person, and I felt kind of limited by the idea that I could only draw horizontal/vertical lines in Meta Trader 4. I know there are a couple of different shapes and other tools in Meta Trader, but TradingView is way ahead. Whenever I want to explain something to someone or draw for my own reference (where I think the price will go), I take the pen inside TradingView to draw freely. Not only that but literally all the trading tools you could ever think of placing on your chart are there. Not that I'm a fan of complicating things, but I know people who have complicated trading styles. Although it can be challenging to draw with a computer mouse, you end up getting used to it, and that allows you not to forget anything anymore. Ability To Split Your Screen Into Many Synced Up Charts Depending on your trading style, you might need to look at multiple time frames prior to entering a trade. That can be a real pain! Often you need to click a button and switch back and forth between the time frames. Or, you can open up multiple charts in advance, in which case your drawings/indicators will only appear on one chart. TradingView makes looking at the timeframes much easier by allowing you to see multiple charts on the same screen. What's even better is that your drawings can be synced up on all charts if you choose to. Then, whenever you look at various currency pairs from your watchlist, you can lock the timeframes you selected so that they remain the same whatever you look at. That's probably my favorite thing in TradingView! But there's one more thing I want to mention... Accountability By Publishing Your Trade Ideas Accountability is precious. I've personally seen traders significantly improved when they started sharing what they were doing with other traders. Some experienced traders even go as far as sharing their stats every month with their wife or husband. That way they feel accountable to someone, and it pushed them to work harder. What's great is that, in the case you don't have anyone to keep you accountable, the online world becomes an amazing resource. TradingView has a social function through which you can publish trade ideas. Those ideas are images of potential trades based on your analysis. Publishing those trade ideas forces you to make sure that you respect the analysis part of your plan. And the fact that TradingView is such a big platform makes it very likely that people will interact with your trade ideas, perhaps creating an opportunity for you to learn from other traders as well. 3 Reasons Not To Use TradingView You Have To Pay For Some Basics Features As TradingView offers some amazing features, a fraction of them is reserved for paid members. For instance, a screen with multiple charts will require you to purchase a Pro subscription. For me, that's not much of a problem because I expect I'll need to pay if I want a very solid tool. However, it has to be mentioned as one of the reasons new traders may abstain from using TradingView. You'll Need To Have 2 Platforms At All Times TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself. That means you'll be required (pretty much all the time) to use your broker's platform in addition to TradingView. It can be a bit confusing at first, especially when you're used to doing everything with one platform. Charts Don't Always Sync Up One of the troubles I have seen on TradingView is that you never really know whether the drawings you made on your chart got saved. Sometimes, closing your browser too fast makes you lose all your recent analysis work. TradingView Plans Right now, TradingView offers 4 plans with different advantages. Although I am aware that these plans might change, here's a quick breakdown of what they include at the moment: Free: good for one chart at a time with indicators. Pro: great option to start and add a few more features to your experience (at $9.95/month) Pro Plus: pretty much all the features a trader could need and it's unlimited (that's the plan I'm on) Premium: includes a couple of fancy features such as SMS alerts Is TradingView For You? For me, I think it became a must. When I travel, there's no way I'll run Meta Trader 4 on my Mac as it consumes way too much battery. Having a website I can easily access makes it easier to load a chart quickly and close it whenever I want. I can draw anything and share it with "anyone" (I include my trading journal in 'anyone'). However, if you're always trading at home or on a PC, TradingView might not mean the same thing. It's up to you to see whether you'll truly benefit from it - although I doubt you won't. You Turn... I hope this TradingView review has helped you understand what that tool was all about. I could go on and on talking about the things I like about the platform, but there are also other things not to like. That's why I need your help! Are you an active user of TradingView? What do you like/dislike about it? Comment below and we can chat! Disclosure: I am not paid by TradingView to write this post. I just love the tool :) This post may contain affiliate links. I may receive a small commission if you choose to purchase something from a link we post. Don't worry, it won't cost you anything. This small percentage just helps me produce more content and shows me you care about what I do. I'll always appreciate your support!

In episode 89 of the Desire To Trade Podcast, I interview Mandi Pour Rafsendjani, a trader & coach that was recommended to me by a listener of the podcast. Mandi shared some really important insights on what she considers to be the pillars of your success in trading. She has already helped and coached a lot of traders by showing them why they act a certain way and how to evolve to the next level of trading. What amazes me the most is how Mandi simplifies the things that make traders successful into a 3-part framework, which she detailed during the interview. More About Mandi Pour Rafsendjani Mandi Pour Rafsendjani has been an active trader in the financial markets for over 15 years, trading a variety of instruments such as Equities, Futures and CFD's (SNP500, Dow Jones [Emini], XJO, DAX, Commodities and Forex). Today she is not only an active trader specializing in the German DAX and Forex, she is also a highly trained coach helping traders worldwide on the subjects of Trading Performance, Strategy Improvement, Increasing Profits, releasing Blockages around Money and Self-Sabotaging Behaviour, applying cutting edge tools from Neuro-Linguistic Programming (NLP), Meta Dynamics ™, Neuro-Science and Behavioural Finance blending in elements from Buddhism, Mindfulness and Yogic Principles. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview "Every successful trader has a dark past & every losing trader has a bright future." "Tell me your goals and I know your dreams, tell me your standards and I know what you'll achieve in life." "Be efficient with your time and show kindness to others." In This Episode, You'll Learn… What a trading strategy should be composed on. How to really trade for your personality. What the 3 pillars of your success in trading are. Mindset, Behavioral finance, Performance. How to work on each pillar of success. How to focus on the process. The importance of not getting down on yourself for the lack of success. How you do one thing is the way you do everything. And much more! 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! Resources Mentioned In This Episode Book: Rich Dad Poor Dad by Robert Kiyosaki Book: Thinking Fast & Slow by Daniel Kahneman Author: Steve Ward (I personally recommend TraderMind) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Mani Pour Rafsendjani? Website Facebook LinkedIn Twitter

In episode 87 of the Desire To Trade Podcast, we discuss exactly what you need to know to increase your trading capital as I interview Forex trader Raj Turner based in Kingston, Jamaica. More about Raj Turner Outside his trading, Raj is a trained Engineer & Certified Supply Chain Manager. As a trader of the major pairs in the Foreign Exchange Market, he looks for swing trades (medium term) as that's what he believes to be most profitable. He got in the market or the first time about 10 years ago and has recently won 7x the TopTradr financing for $10,000 Learn About TopTradr A couple of weeks ago, I was approached by someone from TopTradr and I liked the concept of their app, so I thought I'd include a small description of what they do with this podcast episode... TopTradr is a companion app for your trading. It's designed to give you greater scope to realize your ambitions. By linking an MT4 account from one of their recommended brokers, the app ranks your profile versus other traders for a chance increase your trading capital and manage a $10,000 prop account. It's very easy to get involved: first create your profile, then link a trading account via a recommended broker and you can start trading. >> Check Out TopTradr I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! In This Episode, You'll Learn... What a typical day looks like in the life of Raj Managing to trade profitably with a full-time job What TopTradr is about The steps Raj had to go through to see consistency in his trading The few things "hobby traders" have to overcome to get profitable How to increase your trading capital progressively The beauty of trading a bigger account Simplifying your trading strategy to remember it easier The power of being in a supportive community And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned In This Episode Risk Of Ruin Calculator: I use the one from Chris Capre all the time! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Stefanie Kammerman: A Female Stocks Day Trader On Dark Pool Trading & Discipline In episode 86 of the Desire To Trade Podcast, I interview Stefanie Kammerman, is the founder of The Stock Whisperer Trading Company, a published singer/ songwriter, an educator, a coach and a trader. Her journey in trading started back when she and her friend decided to attend a traders' event that led her to engage trading travel, teach and gain more money. Show notes: http://www.desiretotrade.com/stefanie-kammerman/ More about Stefanie Kammerman In just a year, she mastered the overnight trading system with the best traders and learned not to think about the money, but to only trade correctly. In fact, her first year of trading she won the trader of the year award. Now, she is popularly known as "The Stock Whisperer", doing workshops, teaching beginners and veteran traders all over the world on how to swing trade through her online training room, The Java Pit. Throughout this interview, Stefanie shows her love and passion to trade that makes her happy that she don't want to miss a single minute in trading and her priceless goal is to change people's live. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Bullish above, bearish below, no thinking. @VolumePrintcess @VolumePrintcess's advice: Enjoy the process. In This Episode, You'll Learn... How Stefanie come across the trading market What is dark pool trading $SPY: Massive Dark Pool Level Why sometimes the market comes up or down so much The things that she learned that makes her a successful trader What was her best trade Transition: from a successful multi-trader to coaching and teaching career The key to spotting dark pools The suggested dark pool software to be used for those interested The key to giving you a successful trading rate How Stefanie deals risk Factors you're going to look at when dealing risk How to identify the past and present market Why she loves the day trading The hardest part she noticed for the new traders Patience: knowing when to enter and not to enter Testing and strategy to make more money The positive traits that must have as a trader Boot Camp: Reboot traders And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Nenad Kerkez? Website Twitter Facebook LinkedIn Youtube Stocktwits Google Plus About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Nenad Kerkez: Trading Small Accounts And Analyzing The Market Like A Pro In episode 85 of the Desire To Trade Podcast, I interview Nenad Kerkez, is a Senior Technical Analyst and Lecturer at Admiral Markets, trader, author, and blogger. First started in trading when he was 30 years old. He decided to engage much deeper into financial markets and stumble to Forex, the market he is now trading today. Show notes: http://www.desiretotrade.com/nenad-kerkez/ More about Nenad Kerkez Now, he is managing and running a thread on ForexFactory (Spider's Den) under the name of Tarantula (T@rantula). a Forex daily chart trader. He has an experience in Finance, Economics, Investments, Equities and the main contributor to winning the Best Educator award of 2016 at the UK Forex awards. Moreover, he is also the Creator of CAMMACD Professional Price Action method. He's been in the top 10minfluential traders on the FF out on 400.000 traders total and his thread gain more than 4.200.000 visits since the inception. Throughout this interview, Nenad shows his expertise and love for financial markets as well as the methods he uses for analyzing and constantly following the markets as a trader. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! No one should start on just trading the live account immediately. @TarantulaFX @TarantulaFX's advice: Use the leverage in a smart way, go with low risk. In This Episode, You'll Learn... How Nenad's trading career started and how were his first few months as a trader Why we can't beat the markets How to trade with Demo accounts Switching accounts: how Nenad decided to go from a Demo to Live account How to treat smaller and bigger accounts to avoid loss Leverage: one of biggest advantages of Forex Trading Stuff to consider before trading ROI: Money in the bank versus money in Forex Trading The beginners' strategy and trading plan What is Holy Grail of Forex Trading is all about Tips on how to make a good trader How Nenad manages risks Advice for all traders And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Nenad Kerkez? Website Twitter Facebook LinkedIn Youtube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Siam Kidd: Trading The Daily Chart & Building Multiple Streams Of Income In episode 84 of the Desire To Trade Podcast, I interview Siam Kidd, a Forex daily chart trader with a passion for building businesses. Siam has a very interesting story of how he transitioned into trading and how he had to learn to trade the hard way. Today, however, Siam has used Forex trading as part of its other streams of income to become financially independent. His trading takes on from 5 to 10 minutes a day on average, which means that Siam has enough time to concentrate on other interests/passions/businesses. Throughout this interview, Siam placed a lot of emphasis on the fact that replacing a full-time job with full-time trading is none sense. The goal of Forex trading is to increase the freedom in your life, and Siam Kidd sees trading as a stream of income. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! You need to be prepared to live like most won't so in the future you can live like most can't. @SiamKidd CLICK TO TWEET You need to be diligent (i.e. your trading journal and stats) and nonchalant (not giving a sh** about your trades) CLICK TO TWEET In This Episode, You'll Learn… Siam's trading and review routines The changes needed to go from not profitable to making little money in trading The changes needed to go from slightly profitable to making high returns in trading What happens when you start to treat trading as a profession How Siam maximizes his returns toward the end of the trading year How to reduce the feedback loop problem of swing trading The type of businesses Siam is interested in building And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Siam Kidd? Website Twitter Youtube About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes