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

James Harte: A Forex Swing And Day Trader Shares Pieces Of Wisdom In episode 53 of the Desire To Trade Podcast I interview James Harte, a Forex trader based in England that has a passion for helping others. Through Little Fish FX, he aspires to democratize the foreign exchange market by providing high quality educational materials, pro trader analysis, trading strategies and market-leading tools & indicators to retail traders of all experience. James has a good understanding or both swing and day trading. This is particularly interesting as he says not having a preference between those two styles of trading. Somehow, I feel the same. We've had the chance to discuss several topics in this podcast episode, including James' best and worst trades as well as the mistake he sees traders make. We also touched on his trading methodology. This is an important part of the interview since any trader must have a solid trading plan. Cheat Sheet / Topics Covered - James Harte How James' dad influenced him to go into Forex trading How James trades both swing and intraday What currency pairs James trades and how he manages the risk How James uses the news as a Forex day trader What happens when you start to take profits early...and how to fix it. The critical thing trader need to work on It has to do with adapting to various situations. How James would go about getting started in trading i.e what he teaches. 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! Show notes: www.desiretotrade.com/james-harte/

Jason Sen: The Art Of Technical Analysis And Trading Ideas In episode 52 of the Desire To Trade Podcast I interview Jason Sen, a Forex trader and technical analysts with a lot of experience working for institutional clients. Jason is also the man behind Day Trade Ideas. Jason currently lives the good life in Thailand, a well merited location as he started to trade in early in college (1987) when his father introduced him to trading. He quickly got into stocks and was surrounded by charts, which he learned to interpret. What I really like about Jason is his simple approach to technical analysis. He uses it to provide technical reports and trading ideas to his clients without making things too complicated. He is the perfect person to tell you what you should focus on when looking at a Forex currency pair, or any other market. A very important concept discussed in this podcast episode concerns how to deal with a series of losses. Those are inevitable and Jason went through several series of losses. He was then a very good person to get advice from. [bctt tweet="Trading Advice: The trend is your friend. @daytradesignals" username="@desiretotrade"] Cheat Sheet / Topics Covered - Jason Sen How Jason started to trade in 1987 How traders can work for banks & institutions The technical analysis tools Jason looks at The habits contributing to Jason's trading success The things that are important to consider vs. just noise How to deal with a series of losses 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!

Adam Jowett: Adapting Forex Trading To Your Lifestyle In episode 51 of the Desire To Trade Podcast, I interview Adam Jowett, a Forex swing trader I highly respect for his experience and his blog AdamJowett.com. Adam has learned to build trading around his personality and the lifestyle he wanted. He has been trading various methods on the Forex market over the years, but currently focuses on trading the 4hr and daily charts. I came across Adam's blog several times and got really interested when I discovered his Forex Market Session Indicator (available to download below). I personally used it to backtest trading strategies on different market sessions of the Forex market. In this interview, Adam shares some of the best tips and insights he got from 15 years as a trader. Living in Australia, he had to adapt. However, the good thing about the Forex market is that you can trade it 24 hours a day. For instance, due to his time zone, Adam used to focus on the Asian session. Cheat Sheet / Topics Covered - Adam Jowett Adam's learning process How Adam started to trade small and scaled up Adam's worst trades How Adam classifies a good trade The differences between day and swing trading How to meet other traders The main differences between winning and losing traders Adam met 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! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Lazy Trader (Higher Time Frame Trading) In episode 50 of the Desire To Trade Podcast, I interview Rob Colville, a Forex trader using a method to trade higher time frames and maximize his lifestyle. He is the man behind the site The Lazy Trader. Rob trades exclusively on the daily and weekly time frames. He looks for several types of trades and do not care so much about trading. His goal is to have the life he desires first. An important topic discuss during this episode is the importance of not setting your expectations too high. The #1 goal of a trader is to preserve the capital and the secondary goal is to trade. For a newer trader, the essential goal consists of not losing money. Then, overtime, it is more acceptable to aim for a certain return. Topics Covered - The Lazy Trader Rob's learning process The one book that helped Rob The amount of money you need to trade The Lazy Trader's lifestyle How to start trading higher time frames from scratch Using reward and punishments to reach your goals Using visualization to stay in the trading game 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! Get a bunch of FREE trading resources and articles: http://www.desiretotrade.com/resources/

Patrick James: Working On Your Self-Images & Other Ways To Succeed If this isn't the first podcast episode you're listening to, you certainly know how passionate I am about trading. Sometimes, however, I like to expand my perspectives and bring guests outside the trading world on the Desire To Trade Podcast. These guests bring unique ideas based on their own field of expertise. So far, I've been greatly impressed by the advice the non-traders provided on energy & fitness. And here's one more! In episode 49 of the Desire To Trade Podcast, I interview Patrick James, a charisma expert who shares his best advice on crushing it in life. The interview started with an off-topic conversation about charisma. Then, Patrick mentioned the book Psycho-Cybernetics by Maxwell Maltz. Psycho-Cybernetics is all about self-image. According to Maltz, "you will act like the sort of person you conceive yourself to be." If you want to ensure you succeed in trading over the long-term, you must not only understand how to trade, but also how to manage yourself. That starts with talking to yourself positively. Affirmations are a great way to change the view you have of yourself. Another very practical advice Patrick proposes is concerns the speed of implementation. You must decide to take control of your self image, and then decide what you want it to be. What's covered in this episode? What is charisma & why it's important for traders The impact of self-image & how to improve your self-image How to talk to yourself and empower you to succeed The habits that can help you succeed How to use the speed of implementation How to act like the person you want to become How to deal with people who don't support you And much more! Show notes: www.desiretotrade.com/patrick-james/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/ Get the Day Trading Success Cheat Sheet: http://www.desiretotrade.com/day-trading-success-cheat-sheet/ Get the One-Page Trading Plan (the simple template I use for my own trading plan): http://www.desiretotrade.com/get-one-page-trading-plan

Chris Claflin: A Futures Trader Who Dropped Out of School In episode 48 of the Desire To Trade Podcast, I interview Chris Claflin, a Futures trader and the host of the new Uncharted Podcast. I strongly recommend you check out his podcast. It has a very impressive & uncommon touch to it! Chris started to trade in College. Learning to trade wasn't an easy task while he was pursuing studies of become a dentist. Soon, however, Chris dropped out of school as he realized he could make more money trading than working in dentistry. These days, Chris is primarily a trend trader. That means he focuses on entering in the direction of strong market trends, hoping that the trend will keep going. Several traders interviewed on the Desire To Trade Podcast adopt this trading style. What distinguishes Chris, however, is that he often looks to catch up trends within a larger trend. His trades are therefore in alignment. Question & Cheat Sheet - Chris Claflin How Chris got introduced to Forex trading The danger of Forex scams The basics of trend trading Why Chris isn't a fan or Forex and prefers futures Regulations, barriers to entry & more... What traders should focus on It's about protecting your trading capital And much more! Show notes: www.desiretotrade.com/chris-claflin/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/ Get the One-Page Trading Plan (the simple template I use for my own trading plan): http://www.desiretotrade.com/get-one-page-trading-plan

Ellaine Escueta: Tripling Your Trading Account While You Forgot About It In episode 47 of the Desire To Trade Podcast, I interview Ellaine Escueta, a Forex trader with a passion for trading. She is the women behind Trading Elevated. Ellaine had no interest for trading at first, but picked up a book about the subject in school. As time went on, she started to get more and more involved and interested in the idea of making a living off Forex trading. However, things didn't work out as planned and Ellaine got discouraged. She stopped trading for a while. Eventually, she went back to check her account. She realized it had doubled due to a trade that was left open. If only she could do the same thing, she would be able to make money. That piqued her curiosity. She started to get back in trading, took a course, and was eventually able to make a consistent income from Forex trading. [bctt tweet="Never let anyone define what you can and can't do! - @ellaineescueta" username="desiretotrade"] Question & Cheat Sheet - Ellaine Escueta How Ellaine got introduced to Forex trading The power of price action and understanding price behaviors The important is to focus on behaviors you understand and make sure that they fit your criteria. What a day looks like for Ellaine She wakes up at 3:30am and things go from there! The 3 keys to trading success (according to Ellaine) How Ellaine reduces uncertainties in her trading How to control your emotional state The #1 advice Ellaine has to offer aspiring 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! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. Get the FREE Complete Price Action Strategy Checklist!

Kim Krompass: Day Trading For A Living With Price Action In episode 46 of the Desire To Trade Podcast, I interview Kim Krompass, a Forex price action day trader and the woman behind the Price Action Traders Institute. She is the very first woman to be featured on the podcast. During this interview, Kim shared a lot about her view on day trading vs. longer term trading. She also mentioned several times the importance of keeping things simple, a concept I totally agree with. [bctt tweet="Perfectionism is the enemy of profit. - @priceactionkim" username="DesireToTrade"] Question & Cheat Sheet - Kim Krompass How Chris got introduced to Forex trading How Kim turned her trading around and started seeing results The important is to focus on behaviors you understand and make sure that they fit your criteria. Why she prefers day trading The goal is not to copy other people. That won't make you successful. How much time Kim spends trading The importance of a planning process Kim plans her trade every morning starting at 6:00am PDT. The benefits of day trading and the challenges to overcome What simplicity means for Kim in trading The lifestyle Kim gets out of day trading The #1 mistake Kim's students make It's about unnecessarily making things complicated. The learning curve of a day 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! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Power Of A One-Page Trading Plan I resisted the idea of creating a trading plan for so long... but the moment I finally came up with my first trading plan, I felt much better. First, I no longer had to keep everything in my head as I used to do. Second, I had clear guidelines concerning what I was supposed to do. The problem: that trading plan took 30 days to write and was huge. It was very hard for me to go back in that plan to check something. A couple months ago, I came up with the idea of simplifying my plan on a single sheet of paper. The truth is, I've always been a fan of tracking checklists for their simplicity, but I wanted to bring the concept further. As soon as I completed my One-Page Trading Plan, I posted it on my trading desk. I has made a huge difference. Instead of having a set of entry rules, I have everything I need to see on that plan. In episode 45 of the Desire To Trade Podcast, I share about my experience with trading plans and tell you precisely how to create a powerful one-page trading plan. [bctt tweet="Big trading plans bring confusion. Great traders have everything on one single page." username="DesireToTrade"] What is discussed in this podcast episode? I used to hate the idea of having a trading plan. Most people you see online recommend a trading plan that looks like a business plan...it never worked entirely for me when it comes to executing. How to create your one-page trading plan: There are a few parts: Vision (where you want to go with trading) Context (time frames, trading times, instruments) Trading strategy (signal, entry, exit) Support (money management, implementation plan) Examples (at the back of it) Making a plan isn't enough, you must make it visible! 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! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.

The Great Advice From Market Wizards w/ Jack Schwager If I were to ask successful traders the ONE book that influenced them and guided them through becoming traders, Market Wizards would definitely come up. The book contains interviews with traders who are living off trading from around the world. It turns out to be packed with great lessons and highly inspirational. In episode 43 of the Desire To Trade Podcast, I interview the legendary Jack Schwager, the author of Market Wizards and a number of different trading-related books that made a great impact in the world of trading. The book Market Wizards has been recommended numerous times on the podcast. I myself read it several times. Question & Cheat Sheet - Jack Schwager The new project Jack is currently woking on (more information) How Jack got involved into trading and the results of it Full list in Top 5 News Releases You Should Care About As A Forex Trader How Market Wizards was written Putting in the work every day from morning to night! The biggest lesson anyone can take from Market Wizards The #1 advice Jack has to offer aspiring 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! The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com. Read the show notes Get the 5 Crucial Insights About Trading Psychology That Will Make You A Better Trader for free!