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

Confessions Of A Champion Algo Trader - Kevin Davey In episode 197 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 and new book Entry and Exit Confessions of a Champion Trader. 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. Strategy Factory® Workshop (use our link and email us your receipt to get a special bonus from DesireToTRADE) Watch: Video interview! In This Episode, You'll Learn... Who is Kevin and what he does 00:35 How was Kevin's evolution as a trader 04:24 How Kevin went into algo trading 07:50 How Kevin searches for trading strategy ideas 11:52 How Kevin improves and selects his working strategies 14:20 Why Kevin uses purely mechanical systems without discretionary filters 17:59 How to manage the risk when running many systems together 21:31 How Kevin looks to Swing vs Day trading systems 25:06 What metrics does Kevin look to evaluate his systems 27:09 Kevin tells us what is the biggest mistake he sees algo traders make 28:43 How to look at entry and exit strategies when building a strategy 31:30 How to find Kevin and his new book 34:14 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 Books Strategy Factory® Workshop (use our link and email us your receipt to get a special bonus from DesireToTRADE) 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

Successful Day Traders tell their stories In episode 196 of the Desire To Trade Podcast, we're listening to the stories of Day Traders! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. In this Forex Trader Motivation video, you'll be hearing the stories of how successful day traders got to where they are now and how hard they work to stay on top. Subscribe on Youtube! Watch the motivational video! Interviews Used For This Episode 0:20 Stefanie Kammerman: Female Stocks Day Trader On Dark Pool Trading 4:30 Raman Gill:The Process & Mistakes Behind A Successful Forex Day Trader 10:30 Andrew Aziz: Full-Time Day Trader Secrets and Tricks DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Live Full-Time Forex Trading Q&A from Krabi, Thailand! In episode 195 of the Desire To Trade Podcast, I am sitting down with Alejandro. Today we have a live Q/A session taking questions we have been asked a lot as well as your questions on the chat. Watch: Video Live Q/A Topics Covered In This Episode What are the requirements for prop-firms or investors? 1:35 Single vs. multiple t/p? 10:27 Do we trade harmonics? 13:33 Can you trade the BB R strategy in a lower timeframe? 16:34 How to start learning to code algos 19:48 Books recommended by Etienne to learn Price Action 25:05 How many trades are too little in a year? 27:07 What to do if you have not had consistency trading 30:05 How capital you need to start and to live from trading 33:05 and much more Resources Mentioned Join the Academy Trading Assistant Psyquation AxiTrader (get 30% bonus on your deposit) Video Interview With Van Tharp Forex trading strategy we use FXPro Quant (free EA builder tool) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

Trading Psychology: Successful Trader Key In episode 194 of the Desire To Trade Podcast, we're talking mindset! This short episode is a compilation of advice from traders I've interviewed on the Desire To Trade Podcast over the past 2+ years. Use this as motivation to reach your Forex trading goals or as Forex trader advice to listen to on-the-go. In this Forex Trader Motivation video, you'll be hearing a compilation of advice on trading psychology and what some of the most successful traders in the world consider as the key. Subscribe on Youtube! Watch the motivational video! Interviews Used For This Episode 01:24 Mandi Pour Rafsendjani: Creating The Right Mindset For Trading 02:48 Mandi Pour Rafsendjani: Trading Psychology: Why It's NOT Working For You... 06:55 Louise Bedford: High Performance Trading & Making It Full-Time DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) 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!

5 ALGORITHMIC TRADING Lessons (learned the hard way)! In episode 193 of the Desire To Trade Podcast, I am sitting down with Alejandro, a hybrid swing and day trader that became a collaborator at Desire To Trade Academy. Today we discuss 5 trading lessons related to algorithmic trading that we learned the hard way. Watch: Video Interview Topics Covered In This Episode Who is Alejandro Pérez and has been his trading path 00:54 Alejandro's development as an algo trader 03:38 How to handle drawdowns when implementing an algo strategy 07:51 Have alerts at the extremes of "normal" risk limits 10:18 When to know your strategy stops working 12:52 Thinking of algos strategies stats like "investment" profiles 16:18 Turning your algos during economic events/ news 17:44 The importance of always keep running your algos in demo even when they are already live 20:20 How often you go back and test potential improvements to your algos 22:17 What platform Alex uses to program his algos 25:22 How to know that you are ready to advance to the next step with your algo strategy development 28:02 The importance of keep working in your development process 34:55 Having different strategies to work on different market conditions 36:12 and much more Resources Mentioned Join the Academy Trading Assistant Montreal Traders Meetup ForestParkFx Forex trading strategy I use FXPro Quant (free EA builder tool) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Alejandro Perez? DesireToTRADE Academy Twitter @alexter6277 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!

Full-Time Automated Trading In episode 192 of the Desire To Trade Podcast, I interview Matt DeLong, an algorithmic trader & business owner to discuss the process of running a fully automated trading business. Over time, Matt went from being a manual day trader to making returns in the market through the use of algorithmic trading strategies. While I find interest in the topic of algorithmic trading, I find a lot of value in speaking with people who are in-the-action and executing on their ideas. That's primarily why I wanted to bring Matt on the show! Watch: Video interview! Previous interview with Matt: Moving To Automation Topics Covered In This Episode How has Matt DeLong's algo trading development progressed since last year 00:36 How to start to create an automated trading system 02:40 The second step in creating a fully automated trading portfolio 06:06 The process to identify characteristics your strategies need 10:00 When to know how many strategies is enough? 14:10 The importance of good data for automated trading systems 15:09 Why Matt uses AWS as its cloud software platform 21:36 Why you need to build a "trade manager" 24:29 Importance of brokers for automated trading 29:07 The importance of having proper risk positioning and risk models in your strategies 35:48 How Matt systems manage multiple positions from different strategies in 1 instrument 38:46 Where can people find Matt DeLong 48:05 and much much more!! Resources Mentioned Recommended Udemy Course: Build Your Trading Robot Matt's charts: TradingView Financial website: Finviz DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Connect with Matt DeLong? Parabolic Capital Quora TradingView 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!

Scalping Price Action For A Living In episode 191 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino. Being a Forex trader first, Nick started to apply his price action knowledge into the crypto trading world and is currently developing price action strategies mainly for Bitcoin. Watch: video interview! Previous Interview with Nick Bencino: How To Trade Fundamental Analysis In Forex Topics Covered In This Episode Who is Nick Bencino and what he does 00.58 Nick's trading style 03:42 What structures is Nick trading at the moment? 05:39 How to approach the changing market conditions 7:50 How Nick adapts his trading strategy to different timeframes 14:04 How to go about trading strategies not performing as in the past 19:50 How Nick spots the market conditions changes 21:50 How Nick would trade in another crash scenario 26:40 How Nick trades in a low volatility market 30:07 How important it is to learn to adapt to different market environments 34:50 Where you can find Nick Bencino 37:49 And much more! Resources Mentioned Article by Nick Bencino: How to trade forex low volatility DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Nick Bencino? Forex4Noobs Cryptos4Noobs Twitter @cryptos4noobs 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!

Anyone Can Trade For A Living In episode 190 of the Desire To Trade Podcast, I sit down in Hong Kong with professional with fund manager Ray Barros in Hong Kong 1 year after our initial interview. A lawyer by profession and training, Ray gave up his lucrative law practice in the 1980s to focus on his first love – trading. His initial attempts at trading failed miserably and he suffered heavy losses. But, after making all the mistakes in a trader's manual and then some, Ray finally hit on a trading approach that gives him the market edge. This approach has proven effective in both trending and congested markets, allowing him to trade profitably and consistently. Thereafter, he was highly sought after by major banks to manage their funds. At the same time, he was also very much sought after as a trainer to train other institutional traders based on the strategies and techniques he developed. In the early 1990s, he became an outsourced FX Trader and this gave him the flexibility to focus his next great passion – teaching. Signup for the upcoming exclusive webinar! Watch the video interview here!! Watch the first interview with Ray: From A Lucrative Job To Professional Trader And Fund Manager Topics Covered In This Episode Who is Ray Barros and what he does (00:38) Why Ray took a break from trading education (00:58) The framework that Ray and his students developed (2:52) How Ray uses trading stats with his students (03:46) The importance of keeping a trading journal (06:50) How does Ray journal look like (09:00) How to use your journal to learn and improve (12:15) How Ray finds solutions when he makes mistakes (13:16) How to find a support group as a trader (14:27) An explanation of the 4 phase framework Ray and his students developed (17:00) Methods for reducing losses in trading (21:06) How this 4 phase framework can be used by different traders (22:48) What common mistakes Ray have seen traders do (24:28) How to add to your positions (26:07) How Ray manages his risk (28:10) How does Ray recommend people to start learning and evolving as a trader (29:56) Always learn and always improve (32:53) How can people find Ray Barros (33:43) Resources Mentioned Trade Journaling: Edgewonk (use code "DTT20" to get a discount) Book: The Nature Of Trends (by Ray Barros) DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Ray Barros? Trading Success Twitter Signup for the upcoming exclusive webinar! 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!

More Profit, Less Trades - Show Notes In episode 189 of the Desire To Trade Podcast, I sit down with full-time trader Moritz Czubatinski in HongKong to talk about how to get more profit with fewer trades. Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf. Watch the video interview here! Topics Covered In This Episode Who is Moritz and what he does 00:43 What has changed in Mortiz Trading in the past year 01:31 How did Moritz transition from Day Trading to Swing trading 03:09 How does Moritz scale his trading now VS when he was a Day Trader 04:38 When did Moritz replace his Day Trading fully with Swing Trading 05:19 What whee Moritz challenges going from Day to Swing trading 06:33 Considerations for people that want to start a fund 08:36 Who is part of Moritz trading dream team 17:44 How does Moritz organize his working day 21:26 Where can you find Mortiz 22:36 Resources Mentioned Trade Journaling: Edgewonk DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Moritz Czubatinski? Tradeciety Facebook 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!

Technical Analysis Process and Managing Money – Show Notes In episode 188 of the Desire To Trade Podcast, I sit down in Phuket, Thailand with full-time trader Jason Sen. We discuss his technical analysis process as well as his experience managing money for other people. Watch the video interview here! Topics Covered In This Episode Who is Jason Sen and what he does? 00:45 What is the benefit for a trader to have a daily market report? 03:22 What is Jason's Sen process to analyze the markets 04:45 How Jason adapts his indicators based on market conditions 06:44 How Jason is able to trade the 4H, Daily and Weekly charts with 30 pip SL 07:34 What Jason recommends to learn to trade 9:42 That time Jason thought of giving up trading 11:30 How Jason manages trading and managing his real estate business 13:43 How Jason started trading other people's money and how it is working for him 15:22 How Jason structured the fees trading for others 18:30 What are Jason's recommendations for traders that want to manage other people's money 19:15 Jason's mistakes during his trading career 21:28 How Jason does his Stop-Loss management 23:31 Jason's, last minute advice for traders 25:30 Where to find Jason Sen 26:35 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Jason Sen? Website 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!