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

Raghee Horner: Forex On 5 Hours A Week For Maximum Profit In episode 74 of the Desire To Trade Podcast, I interview Raghee Horner, a Forex trader who specializes in intraday trading and has helped a lot of people simplify their trading. Raghee has gained a lot of experience through nearly 30 years in the market. She has gone from futures and stocks trading before finally getting in the Forex market. She is of the opinion that a trader is, before all, an entrepreneur. That is a very important distinction because there are still things that must be done outside of placing trades to survive in this industry. For this new year, 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! Ask yourself: do I really want to be a day trader? If so, go for it! - @ragheehorner A trader is an entrepreneur. - @ragheehorner Keep it simple...(the best trading advice)- @ragheehorner In This Episode, You'll Learn… How Raghee went from knowing nothing about Forex to trading Forex full-time. How to deal with the transition from the London to New York session. The tools Raghee uses to trade. Why it's crucial to know when your strategy works – and how to do it. The simple question you can ask yourself to figure out when to trade. How Raghee sees day trading in comparison to swing trading. The 2 biggest mistakes Raghee sees her students make. How to use self-awareness in trading 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! Raghee Horner's Books Thirty Days of FOREX Trading: Trades, Tactics, and Techniques ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street Forex on Five Hours a Week: How to Make Money Trading on Your Own Time DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Raghee Horner? Simpler Trading RagheeHorner.com 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

In this Q&A episode, I discuss the process of making your trading strategy better and I also do a review of my trading year. The Trading Year In Review It is very important for any trader to look back at the year that went by to evaluate things that went well and things that didn't go very well. Personally, I'm proud of the capital I've been able to collect in 2016 through a few investors. However, I'm not particularly happy with how I handled my July 2016 drawdown. On the positive side, I see this drawdown as a great learning opportunity. Making Your Trading Strategy Better Personally, every strategy I currently trade is composed of 4 parts: Market phase Support/Resistance areas Price action (including but not limited to candlesticks) Indicator All those factors, when combined, create confluence. Making your trading strategy better involves looking at the 4 parts mentioned above and adding criteria to limit yourself to trading higher quality trades. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. Questions Answered: How can I improve my strategies? I trade with the 8 EMA and buy/sell when the price crosses it. What do you think of that? What's the best amount of leverage to use? 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 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

Michael Toma: Master In Risk Management & Futures Trader Episode 73 of the Desire To Trade Podcast is starting off the year strongly! I'm planning on bringing you the best trading-related podcast that gives results. Still, as part of the Holiday special, I'm interviewing for the second time Michael Toma. I selected guests that had made an impact on me throughout the year and Michael was definitely one of them. In short, Michael Toma is a futures trader and I consider him to be a master when it comes to risk management (although that's a wide topic) >> Listen to the first episode with Michael Toma I've had the chance to connect with him in person once and Michael always impresses me by the wisdom he has when it comes to the execution part of trading. As a futures trader, he understood that he didn't need to be active in every market to make money but that he did need to leave his trades run if he wanted to pay for his lifestyle. For this new year, 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. In This Episode, You'll Learn... A simple and clear definition of your role as a Forex trader. How to identify what you need to work on as a trader. Trading on-the-go and the importance of simplicity. How to use Market Profile in your trading (that's a really interesting part!) The places where Michael sees most traders fall short. Why it is essential (but weird) to scale up by increments when you trade. Michael and I share both of our experiences. The BEST advice Michael has to give in regards to 2017. That starts off the year really strong! 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! Michael Toma's Book The Risk of Trading: Mastering the Most Important Element in Financial Speculation Resources Mentioned Market Profile DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Michael Toma? Facebook 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

Chris Claflin: Multiple Market Trader Episode 72 of the Desire To Trade Podcast is part of the Holiday special, during which I'm bringing back guests I've had previously on the podcast. I selected guests that had made an impact on me throughout the year. In this episode, I interview Chris Claflin, a multiple market trader, who is currently involved in futures and Forex. >> Listen to the first episode with Chris Claflin Chris started being more involved in the Forex market during the past few months. That makes him a multiple market trader. Throughout this interview, he shared his 5 keys to successful trading. Those apply in any market. In addition, we discussed some of the techniques Chris uses to trade on more than 1 market. The goal is to make trading multiple markets not too confusing. Patience is also a topic we dive onto as many traders I talk with are finding it difficult to remain patient and accept that successful trading takes time & effort. Share This! [bctt tweet="When you see the market as risk, reward, and money, it gets much less confusing." username="DesireToTrade"] In This Episode, You'll Learn... Why Chris started to trade currencies. Specific trading routines that give results. Chris' 5 key for successful trading & how traders fail at not following them. How being patient can help you. Managing your risk in trading (the proper way). Chris' challenge to make $1M before 30 and the reasoning behind it. 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 One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Chris Claflin? The Market Secrets Instagram 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

In this Q&A episode, I discuss the idea of relying on luck to make money as a trader. This is obviously a bad way to go about things even though several struggling hope their trades will work out without defining a process or a system. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. Removing Luck & Simple Ways To Win In The Forex Market Once you've removed luck from your trading, do not fall into the trap of adding an unlimited amount of variables to your trading strategy. A lot of traders think they must find the perfect way to make money in the market... That is not your job. You and I, as Forex traders, need to make our plan as simple as possible. That is the primary reason why I use a One-Page Trading Plan. In my opinion, there's no need to look at other markets to confirm a trade you're about to place. In addition, if you are a technical trader, you do not need to spend hours trying to interpret the news in the Forex market. If you want to trade multiple timeframes, do not make the mistake of looking for trades on all time frames at all times. That's not the way it works. I explain how I do multiple timeframe analysis in this podcast episode. 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 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

Houston Truong: Holiday Special with A Full-Time Retail Trader Episode 71 of the Desire To Trade Podcast is part of the Holiday special, during which I'm bringing back guests I've had previously on the podcast. I selected guests that have made an impact on me throughout the year. In this episode, I interview Houston Truong, a full-time retail trader who, in the past year, left his job to concentrate only on his activities as a stocks trader. Houston has made an immense impact on me. He was the one who inspired me to start the Desire To Trade Podcast in September 2015. He also taught me a lot about routines, mindset, and peak performance. >> Listen to the first episode with Houston Truong I currently co-host the Montreal Traders Meetup with him, through which we set up in-person events for traders monthly. In this interview, Houston and I went back to reflect on the year, the one in which Houston left his job. We also discussed how someone has to go about leaving his job to trade full-time. Houston is particularly concerned about the topic of continuous learning. Unfortunately, we've seen many traders who become consistent, and then stop learning forever. That is not a very wise way to go about it. Instead, traders from all ranges of experience should keep feeding their minds with useful information to keep growing. It is a fact that markets change, and that makes it necessary for traders to adapt. Share This! @RealTradingEdge is back on the @DesireToTrade Podcast for a Holiday special! CLICK TO TWEET Knowledge shouldn't be an end. Prioritize skills over knowledge. @RealTradingEdge CLICK TO TWEET In This Episode, You'll Learn… The things Houston has been doing in the past year. How to set up a trading office & the benefits. The steps Houston took to leave his job. How to continually challenge yourself. How to build competence as a trader. Why it's essential to keep learning & how to do it. What's the special Holiday giveaway Houston organizes (exclusive for the Desire To Trade Podcast!). 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! Holiday Giveaway (until Jan. 2nd, 2017)! Sign up for the giveaway (it's free!) DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Houston Truong? The Trading Edge Facebook Twitter 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

In this Q&A episode, I discuss the 5 things I believe all traders must know before starting to trade Forex. Those 5 keys to trading are summarized below. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. 5 Things You Must Know Before Starting To Trade Forex I wanted to share those 5 things you must know as they are often overlooked. Looking back at my trading, those are things that would have helped me without a doubt. #1: Track Every Single Trade If you do not track, you have no way to go back and find ways to trade better. That is the reason why I recommend you start tracking every single one of your trade from now on (no matter what). If you take bad trades, track them. If you take trades that do not respect your plan, track them. And obviously, do not stop to track when things are going well. And obviously, do not stop to track when things are going well. Keep it going! #2: Trading Is A Game Of Probability It's not because you read about a strategy and implement it flawlessly that you will see success. It is well-known by most experienced traders that any trading strategy goes through a period of consecutive losses. At that point, you need to remind yourself that trading is a game of probability. That being said, you can have a general idea of the win rate your strategy is expected to have, but you can never know how many losses you'll have to go through before you reach the win rate you expected from the start. #3: Trading Comes Down To 3 Simple Types Of Trades No need to complicate trading. Most often, when traders feel overwhelmed, it is due to the fact that they try trading everything at the wrong time. By focusing on understanding the types of trades, and then selecting one you'll learn to trade, you will be able to bring back a great chunk of the simplicity that surrounds Forex trading. Successful currency trading, after all, is about focusing on certain types of trades, and placing the odds in your favor (see #2). #4: Testing Builds Confidence The only way to build confidence as a trader is to see results. Those results can either come from a live trading account or from testing. The ladder is much less stressful, so I recommend you focus on testing before you ever put real money in a trading account. The more you look at charts containing examples of your trading setup, the more familiar you get with your setup. You no longer worry about whether your trading strategy works or not because you've seen more than enough trade examples. Testing definitely builds confidence. If you do not feel confident about your trading strategy, you haven't done enough testing. #5: The More You Automate, The Easier It Gets You do not need to create an algorithmic trading system that will replace you, but you absolutely need to understand the importance of creating successful trading habits. Those are things you do every time without thinking because you have created a routine. Good examples of automation could be: Placing a stop loss when you enter a trade Review your trades every Sunday Look at the news prior to entering a trade And much more... The way you want to go about creating habits is to do the action several times until you no longer have to think. You might want to start by placing a reminder on your screen until you no longer need the reminder. That has been a wonderful trick for me! 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 One-Page Trading Plan (free template) DesireToTRADE Academy (lifetime membership promo until Dec. 18th 2016!) 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

Moritz Czubatinski: A Successful Trader Traveling Around The World In episode 70 of the Desire To Trade Podcast, I interview Moritz Czubatinski, a Forex and futures trader currently living in Hong Kong. What I find really interesting about Moritz is that he has been able to travel the world while trading. That is definitely one of my personal goals (I'll keep you updated!). Interestingly enough, Moritz transitioned from his career as a professional Poker player to a full-time trader traveling the world. However, he had to go through an office job in Beijing in-between. He is also the founder of the blog Tradeciety along with Rolf. Moritz places a particular emphasis on trading journals. For him, having a journal is essential to successful trading. In fact, "I've never seen a profitable trader without a trading journal.', he says. It is for that reason that Moritz created Edgewonk, a trading journal software. Share This! I've never seen a profitable trader without a trading journal. - @tradecietymc CLICK TO TWEET Motivation comes from doing. - @tradecietymc CLICK TO TWEET In This Episode, You'll Learn... How Moritz started to trade Forex and futures. How he transitioned from playing Poker to trading full-time. How the futures market differs from Forex. What's the easiest way to trade while traveling How Moritz left his job to trade The best single piece of advice you need to live from trading The things Moritz has to put in place to see trading results faster Moritz uses a "Sirtfood Diet". Learn more here! Everything you need to learn about trading journals 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 Trading Journal: Edgewonk: Your Professional Trading Journal DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy How To Find Moritz? Tradeciety Edgewonk: Your Professional Trading Journal Facebook Twitter Instagram 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

Day Trading Forex: How To Stop Impulsive Trades Before They Occur In this Q&A #7, I discuss the topic of impulsive trading, especially for people who are day trading Forex. In addition, I go through the 3 questions I ask myself weekly to identify the problem I face in my trading, and how to overcome them. That has made an immense difference. The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast. This episode ends with a quick discussion on trading beliefs. Those can either make you broke or rich. Therefore, I suggest you spend some time evaluating your beliefs. A good way to start would be to listen to my interview with Dr. Van Tharp as he describes the belief examination process he makes his students go through. In This Episode, You'll Learn... What are impulsive trades The simple question that will keep you out of bad trades The 3 questions to evaluate your progress & get consistent profits faster Why your beliefs can make you a broke trader - and how to change that! Share This [bctt tweet="I've never seen a book telling you to surround yourself with other traders, yet it's so crucial" username="desiretotrade"] 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 My interview with Dr. Van Tharp DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy (lifetime membership promo until Dec. 18th 2016!) 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