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

Anmol Singh: Mindset & Technical Keys To Trading Income In episode 69 of the Desire To Trade Podcast, I interview Anmol Singh, a stock, and Forex trader. The thing I find interesting about Anmol is the efforts he puts to trade those two markets both intraday and swing. In short, this interview is packed with very tactical and comprehensive tips in regards to trading routines and the "how-to-trade" aspect. However, Anmol surprised me by sharing great advice on building a mindset that will help you generate an income from trading. I sincerely believe that the way to improve the most consists of improving your mindset and state of mind prior to trading. Anmol had great tips on that. Overall, one of the biggest lessons you can get from this interview is the power of walking away from your trading desk. Often times, you are much better removing yourself from the equation and leaving the market do its job. Your job as a trader is to accept the loss or profit and to keep executing as you should. You shouldn't be there to watch every single move the market does as this will often push you to act or feel stressed. It's simply counter-productive. Share This! Return on your investment is way more important than return on your ego!. @DeltaNinetyCLICK TO TWEETYou can either pay for knowledge of for not having enough of it. @DeltaNinetyCLICK TO TWEET In This Episode, You'll Learn… How Anmol Singh started to trade both stocks and currencies. Specific trading routines that give results. How to get yourself into the right trading mindset. How to use reward & punishment – concrete examples that work. "Treat yourself like a dog" :) The backtesting, forward-testing, and tracking basics. The power of walking away from your trading desk. The differences between stocks and Forex trading. The biggest challenge Anmol faced 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! Resources Mentioned Free eBook: Behind The Curtain – Trading Secrets Exposed 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!) How To Find Anmol Singh? Website: Live Traders 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

ONE Simple Thing To Improve Your Trading & Using Candlesticks In Forex Trading Every Friday, I host a live Forex Trading Q&A on Facebook. In this Q&A #6, I discussed the ONE thing you can do to improve your trading quickly. In addition, I discuss the use of candlesticks in the Forex market. This is based on my own experience. As a matter of fact, I met a fellow trader in person for the first time around the month of June 2015 and that has made a significant impact on myself and my trading. It is also one of the major reason why I started the Desire To Trade podcast. When it comes to candlesticks, I believe that traders spend too much emphasis on the candle close. That might be useful on a high timeframe but it doesn't mean much on a very low timeframe. In This Episode, You'll Learn… Algorithmic vs. Manual Trading ONE Simple Thing You Can Do To Improve Your Trading Quickly My Take On Using Candle Close To Trade Using Market Sentiment In Your Trading Share This I've never seen a book telling you to surround yourself with other traders, yet it's so crucialCLICK TO TWEET 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 Interview with Kevin Davey on algorithmic trading 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

Jean-François Boucher: Trading Tips From A Forex Scalper In episode 68 of the Desire To Trade Podcast, I interview Jean-François Boucher, a Forex scalper located in Jasper, Alberta. Jean-François started to trade stocks in the 90s as he worked for IBM. After losing countless amounts of money in options, he discovered the Forex market. What I particularly like about Jean-François is his down-to-earth approach to trading. As a matter of fact, he knows there are no tricks to succeed quickly in trading. You must put in the work. He also mentions a crucial fact, that is, risking 1% per trades allows you to come back. While we often see people risking way more than that, Jean-François' advice is still very important. You can't expect to increase your risk too high and stay in the game of trading for very long. As traders, we are professional losers, so we better account for that. Jean-François says: "it always starts small", and that is the mindset you need to have if you want to see progress without blowing up countless trading accounts. Share This! You are your own holy grail. - Jean-Francois Boucher CLICK TO TWEET Stay 99% flat always. Put 1% on your trades. - Jean-François Boucher CLICK TO TWEET In This Episode, You'll Learn… How Jean-François first got involved in the Forex market. The advantages of trading the Forex market. How to go through the different phases of trading. Losing money, breaking even, making some money, making tons of money. How to remove (or reduce) indicators from your trading. What the world looks like for a scalper. How to scalp the market effectively. An interesting way to journal about your trades. The problem with trading robots Very important money management rules no one mentions. 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 Jean-François Boucher? Website: JasperForex 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

2 Reasons Why Traders Blow Up Their Accounts & The Power Of Consistency Every Friday, I host a live Forex Trading Q&A on Facebook. In this Q&A #5, I discussed reasons why traders blow up their accounts. This topic came up after I had multiple people reaching out to me, as they felt discouraged saying they blew up their trading accounts. In the end, there are only 2 reasons this can happen: You risk too much on any given trade (money management). You have no tested plan. As much as aspiring traders want a quick & easy solution, there's no need to complicate things here. Create a plan, test it, and ensure you have a way to stay in the trading game (hint: not risking too much money on any trade). A good way to put down your trading plan is with my One-Page Trading Plan Template (you can download it for free!). The second topic covered in this Q&A is consistency. Simply put, most struggling traders aren't consistent and focus solely on making money. However, once you become consistent in trading, doors open to you. As a matter of fact, I was able to trade for investors and other people because I had that consistency In This Episode, You'll Learn... 2 Main Reasons Why Traders Blow Up Their Trading Accounts How To Create Your Trading Plan In A Very Short Period The Money Management Guidelines I Follow How To Exponentially Grow Your Consistency In Trading Share This "The holy grail of trading is consistency. Become consistent and doors will open to you." -> Click to tweet! 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 Interview with George Papazov Interview with Alwin Ng Interview with Ryan Herron How To Avoid Blowing Up Your Trading Account Guide To The Ultimate Trading Plan Download the 1-Page Trading Plan Online Forex Trading Summit on Nov. 23rd 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

Kevin Davey: Building Winning Algorithmic Trading Systems In episode 67 of the Desire To Trade Podcast, I interview Kevin Davey, an algorithmic trading system builder, and trader. He is the author of a very well written book on the topic titled Building Winning Algorithmic Trading Systems. The number of trading systems developed by Kevin is impressive. At the time of recording the interview, he had 95 trading strategies. Over his 25 years of experience, Kevin has been developing, analyzing, testing and creating trading strategies in every futures market from the e-mini S&P to crude oil to corn to cocoa. At the moment, he trades full-time for his own personal account, while helping traders around the world see more results in their trading. Kevin contributed to the excellent trading book The Universal Principles of Successful Trading by Brent Penfold, where he was featured as a "Market Master." That book was part of my list The Forex Trading Books That Incredibly Improved My Own Trading In This Episode, You'll Learn... How Kevin started with automated systems trading How he lost $1,500 on a $5,000 account in a single week! The myth of algorithmic trading & trading psychology. The step-by-step process Kevin uses to build winning algorithmic trading systems. The main tasks of an automated system trader. How Kevin was able to build several algorithmic trading systems. What most traders do wrong when trying to create a trading system. 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 Kevin Davey's Book: Building Winning Algorithmic Trading Systems, + Website: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading (Wiley Trading) 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 Kevin Davey? Website Linkedin Twitter Email 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

Forex Trading Q&A: You Cannot Predict News in Forex & Improving Your Trading This is a Live Forex Trading Q&A I hosted. We discussed very important topics that you can surely learn about. Join the Facebook group: www.desiretotrade.com/group/

Trading Strategies For Trending Markets - Part 3 Trading Strategies For Trending Markets In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. Part 1 is available here! Part 2 is available here! I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 3 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a trending market. That can be a highly profitable type of trading, especially due to the fact that trends are usually strong in the Forex market. What's Covered In This Episode? How to identify a trend What areas you can consider trading in a trend The indicators that can help you trade pullbacks/retracements What to expect in trend trading Keys to make any trading strategy more profitable 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 One book to read: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Another book: Technical Analysis for the Trading Professional My lesson: The Exclusive Lesson: Understanding The Market DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free Facebook 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 us a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

Timothy Sykes: How To Turn $12,000 into $2,000,000 & Perform Like A Trader In episode 65 of the Desire To Trade Podcast, I interview Timothy Sykes, a stocks trader, world traveler and teacher. He has made a massive impact and contribution to the trading education worldwide by having thought over 6,000 students to trade penny stocks. Timothy has been one of the traders I looked up to as I opened my first trading account. His opening quote hit me. According to Timothy, we make things way more complicated than they are and we spend a lot of valuable time caring about unnecessary details. Like me, however, Timothy is of the opinion that there are no get-rich-scheme. He attributes hard work & dedication to his success in penny stocks trading. What is fascinating with Timothy is that he records a video for his students almost daily (even while traveling). Upon recording this interview, Timothy just got back from the Amalfi coast, one of the places he frequently travels to. There's something to be mentioned about the great lifestyle and freedom Timothy has been able to build from trading. In This Episode, You'll Learn... How Timothy went from $12,000 to $100,000 to then $2,000,000. How any trader can trade and travel fairly easily! How Timothy detects the right stocks and trades them. The REAL reason why Timothy posts about his lifestyle (cars, trips, money, etc.). How to push yourself to grow as a trader. 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 Article: "Timothy Sykes is full of bullship" is the article one of Timothy Sykes' students wrote prior to following Timothy's program. DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) DesireToTRADE Academy

The Guide To Forex Trading Strategies - Part 2 Show notes: http://www.desiretotrade.com/guide-to-forex-trading-strategies-part-2/ In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. Part 1 is available here! I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 2 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a sideway market. That is where I do most of my trading. I explain how you should go about trading breakouts and reversals and the type of indicators I use to trade in that environment. Resources One book to read: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets The Exclusive Lesson: Understanding The Market DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free Facebook 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 us a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

The Guide To Forex Trading Strategies - Part 1 Show notes: http://wp.me/p6qxZI-17Z In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible. I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic. In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on. I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here. In Part 1 of the Guide To Forex Trading Strategies, I'm giving you a quick introduction of what type of strategy you can trade. In the next parts of this series, we'll deal with specific indicators you can use as well as how to read price movements. What's Covered In This Episode? The concept of market phase The 3 types of trades When you should consider each of the trade types (based on the market phase) What to expect as win rate and reward-to-risk for various Forex trading strategies The top mistakes traders make when defining a strategy 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 Free Resources DesireToTRADE Forex Trader Community (free Facebook group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template)