Desire To Trade Podcast | Interviews with Highly Successful Traders

The Most Valuable Insights On Trading Psychology - Andrew Menaker Episode 33 of the Desire To Trade Podcast features Dr. Andrew Menaker, a highly knowledgeable and well-known psychologist in the trading world. Since 1995, Andrew has been coaching traders and top fund managers to achieve a better performance. Being a trader himself, Andrew is frequently asked to speak at conference and is constantly being requested advices across the world. I, personally, have been blown away by this interview. The depth of the information provided and the great interest I had in the topic made me listen very carefully to every single words spoken by Dr. Andrew Menaker on trading psychology. From the start, Andrew Menaker mentioned "no one can master trading". This is a substantial thing to understand due to the fact that most of our decision-making is made subconsciously. Those looking to become perfect traders do not have a single chance to succeed. The next very interesting thing to note is that we, as traders, bring our own personality to trading. Two traders do not see the exact same chart the same way. In fact, "We don't see the market as it is, we see the market as we are" is a powerful statement! What’s covered in the podcast? Why no trader can master trading & what to do about it The source of our decision making The greatest ability you must develop as a trader What confidence truly is and how to get it Andrew's #1 lesson for any trader The true difference between a winning and a losing trade How to journal powerfully And so much more... Show notes: http://www.desiretotrade.com/andrew-menaker/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Get the New FREE Perfect Engulfing Pattern Cheat Sheet: http://www.desiretotrade.com/perfect-engulfing-cheat-sheet-5/

The Professional Forex Trader With A True Passion For The Market Episode 32 of the Desire To Trade Podcast features Dimitrios Charalampidis, a professional Forex trader based in Greece, and the man behind Snail Trading. The best thing about Dimotrios has to be his incredible passion for trading. He spends a lot of time looking at the market and testing his way of trading. However, that leads him to great results. He is very knowledgeable regarding trading and the currency market. In this interview, Dimitrios shared his best advice for traders. We discussed the biggest mistakes he sees Forex traders make – including not accepting to make mistakes. Dimitrios thrives to reach a point where money is meaningless and where he will be able to explore his passion for the market at its fullest. He concluded the podcast episode with a powerful statement - "Be strategic. Not only set your goal but define the steps to achieve those goals." What’s covered in the podcast? Why you should focus on the result instead of trying too many ways to do something How traders can take profit to limit their losses Dimitrios' life as a Forex trader What Dimitrios believes most Forex traders do wrong The two aspects necessary to succeed (it has to do with goals) And so much more... Show notes: http://www.desiretotrade.com/dttp-032-professional-forex-trader/ Join The Facebook Group: http://www.desiretotrade.com/group Get the Free Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/

A Great Lifestyle And 18,000% Return In The Stock Market with Gil Morales & Chris Kacher Episode 30 of the Desire To Trade Podcast features Gil Morales and Christian Kacher from Virtue Of Selfish Investing. They discuss their philosophies on life and trading following the several books they wrote together. Aspiring traders would envy Gil and Christian' lifestyles of travel and discovery. At the time of our interview, Christian was in Buenos Aires. The book I first noticed, co-authored by Gil and Chris, is called Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market. Gil Morales Gil began his investment career in 1991 as a stockbroker in the Beverly Hills branch of Merrill Lynch. In 1994 he joined PaineWebber, Inc. where he quickly achieved Chairman's Club status as a top producer. In 1997, William O'Neil personally recruited Mr. Morales to join William O'Neil + Company, Inc. where he spent the next eight years as a Vice-President, internal Portfolio Manager responsible for managing a portion of the firm's proprietary assets, and Manager of the O'Neil Institutional Services group responsible for advising over 500 of the largest and most successful institutional investors in the world, including mutual fund, pension fund, and hedge fund clients. Chris Kacher Chris went on to generate triple digit percentage returns for six years in a row during the 1995-2000 period before moving to cash for most of the 2000-2002 bear market, one of the worst in history. From 1996-2001, he served as chief research analyst for William O'Neil + Company, the New York Stock Exchange member firm, institutional research provider, and publisher of Investor's Business Daily newspaper. During this period, William O'Neil hand-picked Dr. Kacher to manage a portion of the firm's proprietary capital, whereupon Dr. Kacher became a top internal portfolio manager at the company. Chris has a very interesting educational background as he received his B.S. in Chemistry and Ph.D. in Nuclear Physics from University of California at Berkeley, where he co-discovered Element 110 on the Periodic Table of Elements and confirmed the existence of Element 106 for which his team named Seaborgium. Musically gifted, Dr. Kacher was classically trained on the piano beginning at age 3, composing his first song at age 5 which he called "Night Fog," and performing as a concert pianist from ages 5 to 12 in high-profile cities in the US and Japan. He released his debut CD comprised of 21 original piano compositions in 2009. What’s covered in the podcast? How Gil & Chris started to trade with very different backgrounds How Gil & Chris Made 18,000% return in the stock market What is their trader's lifestyle Fantastic pieces of wisdom And so much more... Show notes: http://wp.me/p6qxZI-zo Join The Facebook Group: http://www.desiretotrade.com/group/ Get the FREE Complete Price Action Checklist: http://www.desiretotrade.com/checklist/ Enjoy!

Choosing Your Forex Trading Broker - Part 2 Episode 29 & 30 of the Desire To Trade Podcast features Justin Hertzberg and Trent Hoerr from Forest Park FX. They share crucial elements to consider when one go about choosing a Forex trading broker. That is the first step for any trader. This interview contains a lot of material and is divided in 2 episodes. While many traders are ready to dive into Forex trading. It is important to take a few seconds and think about which broker would fit best. Various factors will influence the choice of a Forex trader's broker. In fact, this podcast episode contains the 6 things to consider when choosing a broker. About Forest Park FX With an experienced staff of industry professionals, Forest Park FX specializes in creating custom FX brokerage and trading solutions for retail traders, service providers, institutional traders, money managers and hedge funds. Forest Park FX offers a wide variety of value-adding services, including market access through the world's top Forex brokers, cash back rebates for retail traders, built-to-specification trading algorithms, administrative and operational support for money managers and customized liquidity for hedge funds and high volume traders. What’s covered in the podcast? Trent and Justin's trading stories What's so interesting about the "broker side" The worst mistake traders make when choosing a broker 6 things to consider when choosing a Forex trading broker And so much more...

Choosing Your Forex Trading Broker - Part 1 Episode 29 of the Desire To Trade Podcast features Justin Hertzberg and Trent Hoerr from Forest Park FX. They share crucial elements to consider when one go about choosing a Forex trading broker. That is the first step for any trader. This interview contains a lot of material and is divided in 2 episodes. Part 2 is available here. While many traders are ready to dive into Forex trading. It is important to take a few seconds and think about which broker would fit best. Various factors will influence the choice of a Forex trader's broker. In fact, this podcast episode contains the 6 things to consider when choosing a broker. About Forest Park FX With an experienced staff of industry professionals, Forest Park FX specializes in creating custom FX brokerage and trading solutions for retail traders, service providers, institutional traders, money managers and hedge funds. Forest Park FX offers a wide variety of value-adding services, including market access through the world's top Forex brokers, cash back rebates for retail traders, built-to-specification trading algorithms, administrative and operational support for money managers and customized liquidity for hedge funds and high volume traders. What’s covered in the podcast? Trent and Justin's trading stories What's so interesting about the "broker side" The worst mistake traders make when choosing a broker 6 things to consider when choosing a Forex trading broker And so much more...

Habits That Lead To Success In Trading Episode 28 of the Desire To Trade Podcast features Johan Nordstrom, a Forex trader living in Sweden. Johan launched TradingWalk, a website where he shows how to trade the markets in a smart yet powerful way and profit for life. This podcast episode turned out to highlight some important habits traders should adopt. One of the measures Johan tracks helps him stick to his plan. He mentioned the importance of establishing goals based on the trading process. Without goals, traders don't know how good they are. Johan, as an European trader must deal with another market than North American traders. I asked him about the pairs he prefers to trade. We also exchanged about a couple of noce places worth traveling to! What’s covered in the podcast? How to set goals as a trader How to meditate for great trading results A simple way to stick to your trading plan Implementing visualization for success What is the right mindset traders should get into trading with The famous typical trader's day Which pairs are best to trade as a European trader And so much more... Show notes: http://www.desiretotrade.com/dttp-028-habits-that-lead-to-success-in-trading/ Get Your FREE Complete Price Action Checklist: http://desiretotrade.com/checklist

The Professional Trader & His Trading Process Episode 27 of the Desire To Trade Podcast features Daniel Sesay, a currency and commodity trader with a very interesting background. Daniel has been in South Africa, involved in physical trading of commodities where he learned about what was really important in trading. He now shares his passion and helps traders succeed through Traders Club London. Daniel would definitely classify as a professional trader due to his vast experience. He truly understands how market works and discusses the "true value" of anything traders trade. He says trading isn't about trading patterns and having expert advisors. It's more related to understanding the behaviour of participants, as fellas supply and demand. What’s covered in the podcast? What is a professional trader How traders can use data The importance of understanding what's going on in the market Why having 20 computer screens isn't the way to succeed The power of the big picture Spending your time wisely as a trader And so much more...

Advice from a former trader on trading Episode 26 of the Desire To Trade Podcast features Stig Broderson, the co-host of The Investors Podcast - We study billionaires, which was featured in The Podcasts I Follow To Become A Better Trader. Stig During graduate school, he co-founded a consultancy firm, providing clients with legal and financial advice relating to personal finance. Upon graduation Stig sold his shares in the firm to become a commodities trader in one of Europe's leading energy trading companies. Now, Stig works as a college professor teaching a variety of courses including financial accounting, investment and economics. He also owns the investment company Stig Brodersen Holding. What's covered in the podcast? How it is to trade electricity How to make investing (or trading) work for you Why the mindset you have changes everything The books you must read (to become a billionaire) And so much more... Show notes: http://www.desiretotrade.com/dttp-026-advice-from-a-former-trader-current-investor/ Get your FREE Price Action Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Power Trader: http://www.desiretotrade.com/powertrader/ Enjoy the day!

A Mission To Help New Traders Episode 25 of the Desire To Trade Podcast features Steve Burns, a long time trader with a passion for financial markets. After his start as an investor in 1993, Steve began trading his own account in 1995. Since then, Steve has been able to achieve his greatest dreams he wrote when he was 25 years old. He started his blog New Trader U in 2011. Steve's mission is to increase the survival rate of newer traders. In fact, there's a tendency for new traders to give up fairly quickly, which is unfortunate. Steve shows aspiring traders that it is indeed possible to live from trading. His many books and the course offered at New Trader U are examples of Steve's dedication for his audience. What’s covered in the podcast? How most traders fail (hint: money management) Simple habits of successful traders like Steve How confidence and faith make great traders The top books you must read if you want to trade for a living And so much more... Show notes: http://www.desiretotrade.com/dttp-025-mission-to-help-new-traders/ Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/complete-price-action-checklist/ Enjoy the day!

Common Problems Preventing You To Succeed Charles Miles is a struggling retail Forex trader turned professional, and former client now turned trading coach for Trade Empowered, a company specializing in creating independent and consistently profitable traders. He helps traders from all over the world, achieve the success they want and deserve. Over the course of episode 24, Charles shared common problem he sees Forex traders make most often. Among them, operating on fear and not testing properly a trading plan are two common causes of Forex trader failures. I've been in the same situation, which made it very easy for me or any struggling trader to relate. What’s covered in the podcast? The main problems traders have preventing them from succeeding How you MUST, as a trader, test your trading plan How you can turn a losing strategy into a winning one What it's like to help traders And so much more... Show notes: http://wp.me/p6qxZI-tJ Get your free Complete Price Action Checklist: http://www.desiretotrade.com/complete-price-action-checklist/