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

Stocks Trader Routines & Strategies To Get Wealthy In episode 148 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading in the US. I interviewed him a few episodes back (Episode 113) but today we go more in detail into what he trades, the strategies and also the routine he follows on a daily basis. In this podcast, one topic we touch on in this interview which I think we never talked about before, is what does it take to become wealthy from trading. This is major because you cannot just trade day to day and become a wealthy trader. The definition of being wealthy, as Jeremy says, is "being able to make money while you sleep" -- and that won't happen with trading most of the time. SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE! Topics Covered In This Episode Who Jerremy is and what he does [2:23] What are Jerremy's routines, things he does on a daily basis, things that make him a better trader and the strategies behind them [3:55] Why Jerremy looks at volume and what he wants to see [6:40] How he looks at a daily/weekly chart and 500 chart [12:58] Why Jerremy sells on a bullish volume [15:25] How Jerremy profits on the different scenarios [16:42] Building wealth and investing part of it to trade [21:50] How Jerremy manages when he travels to a different place [23:15] How Jerremy works when he's trading [27:18] Entering one or multiple trades at a time [29:03] How volume is more important for upward breakout than downward breakdown [31:37] Jerremy's open house trading room at Real Life Trading [35:56] Biggest pitfalls traders make [38:08] Separating his long-term stuff as opposed to short-term, having different trading accounts [40:49] Things to do to become a profitable trader if you're just starting from scratch [43:52] Pros and cons of focusing on the stock market in your country [49:04] Jerremy's advice for people trading [54:30] And many more! Resources Mentioned Book: Tony Robbins' Awaken The Giant Within Book: Tony Robbins' Unleash the Power Within 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 Jerremy? Email: JerremyNewsome@gmail.com Real Life Trading Youtube LinkedIn Twitter Facebook 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!

How Much Money Do You Need To Trade Forex For A Living In episode 147 of the Desire To Trade Podcast, we're talking money! The question is, how much money do you need to trade Forex? 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. Most importantly, this advice should be used to level up your standards. It's crucial to set the right goals in order to achieve your desired outcome. That's what this compilation titled "How Much Money Do You Need To Trade Forex For A Living" will help you achieve. Subscribe on Youtube! Watch the motivational video! SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE! Interviews Used For This Episode 4:47 Richard Weissman – Trade Like A Casino 6:29 Steve Patterson – Top Trader Sharing His Secrets For Managing Money 9:12 Steve Burns - Mission To Help New Traders 10:09 Nenad Kerkez - Trading Small Accounts 11:40 Houston Truong - Insightful Full-Time Retail Trader 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!

Master Swing Trading Full-Time Or With A Job In episode 146 of the Desire To Trade Podcast, I interview day & swing trader Paul Singh who's from San Diego. You can go back and listen to Episode 118 where Paul tells a very interesting story where he made the transition from part-time to full-time trading. He talked exactly about how he did it. In today's podcast, we are going a bit more into his swing trading practices. In addition to mastering swing trading, Paul decided to jump into day trading at some point after going full-time to spend as many activities while running and being responsible for swing trading at Bulls on Wall Street. He has been able to help a lot of traders understand swing trading and do things right which means he's doing the research beforehand, getting into the market with the proper mindset and executing properly, which is exactly what he shares about in this interview. Topics Covered In This Episode Who Paul is, what he does, and how he has been trading [2:07] How day trading is different from swing trading [4:10] Paul's set-up for swing trading [8:12] Instances when Paul cuts his trade short [15:07] What Paul specifically looks at when buying a pullback [16:33] Signs Paul looks at when he's getting pullbacks [20:30] Paul's trading and non-trading habits that support his trading [22:12] What a typical day of a trader having a full-time job is [26:59] Doing the prep work for trading [28:48] Trading stocks versus trading forex [30:05] Longer-term trading [33:13] Paul's view on leverage [36:31] Dealing with few days of big losses in his account [38:01] Books Paul recommends [41:06] Starting point and choosing profit targets [45:52] Favorite EMAs and tools Paul uses [48:26] How Paul "experiments" [49:35] Resources Mentioned Article: Part-Time Trading Made Easy - Bulls on Wall Street Book: Trading in the Zone Book: Trading Mindset Book: The Obstacle Is the Way 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 Paul Singh? Swing Trading Alerts at Bullsonwallstreet.com Blog: Pauljsingh.com Part-time trading series: 30 Days to Master Part-Time Swing Trading Email: Singhjd1@aol.com 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!

Forex Trader Motivation / Compilation From Top Traders Around The World In episode 145 of the Desire To Trade Podcast, I'm doing things a little different! A Forex trader motivation episode! yeah! 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. Subscribe on Youtube :) Watch the motivational video! Interviews Used For This Episode 1:33 Andrew Menaker - https://youtu.be/ZgIGie8shcg 1:51 Patrick James - https://youtu.be/nxwCW3ZeMmU 2:02 Rayner Teo - https://youtu.be/fDWwUhP28ws 2:41 Paul Wallace - https://youtu.be/g0RgUF8sj6o 3:10 Jason Graystone - https://youtu.be/nMCEeFN-ZUg 4:49 Dave Floyd - https://youtu.be/GTHrc6M4j-c 6:59 Michael Toma - https://youtu.be/SjabzsJ9tgs 8:06 Barry Burns - https://youtu.be/IU9RThr8P5g 10:33 Brent Penfold - https://youtu.be/iAvBbBvth0Q 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!

Day In The Life Of A Forex Trader To Achieve Your Goals In episode 144 of the Desire To Trade Podcast, I discuss with full-time day trader & trading coach Mandi Pour Rafsendjani about productivity, money mindset, and how to make the most of your time if you want to get to full-time trading while having a full-time job. We discussed trading psychology, covering much of the aspects you need to be able to trade full-time and to have the right psychology and the right mindset. Topics Covered In This Episode How to experience freedom in your life [3:35] How to organize your life, set goals and put categories underneath [6:43] The different steps to take to reach your goal in trading [12:29] Working on your mindset particularly in financial challenges [14:25] Solutions for people to deal with money [18:33] Doing trading while working a full-time job [20:52] Dealing with news releases [24:49] Actually sticking to a plan [26:15] Doing what needs to be done to achieve the goal [32:17] Resources Mentioned Mandi's NEW Fierce 10 Program 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!

Order Flow Forex Trading & Price Action In episode 143 of the Desire To Trade Podcast, I interview pro trader Chris Capre from the US. He is also the founder of 2ndSkiesForex and a soon-to-be new trading venture. In this podcast, Chris went a little bit more in detail on his professional methods and most specifically how he uses order flow in trading. He also shows his approaches and methods through charts/graphs in this episode. Topics Covered In This Episode Who Chris is, what he does, and background on his trading [1:47] Chris' trading style, price action, and order flow [5:13] How to read and understand order flow [11:24] What Chris looks at in the model [19:38] The challenges and not getting overwhelmed with the data [24:24] The best way to look at the chart [28:33] Bullish and bearish candlestick patterns [30:42] The timeframe to consider [34:29] How Chris uses or integrates news and fundamental data or sentiment into price action [36:48] Chris' goals for profit per month and how he measures it [40:12] How Chris sets targets and risk parameters [42:59] How Chris uses indicators [45:16] Ichimoku Cloud and the ways to trade it [45:42] Chris' Price Action Course [50:42] Chris' techniques for withdrawals in your account and equity management [53:04] Chris' advice for people [58:15] Resources Mentioned Chris Capre's Advanced Price Action Course (Use promo code EC15OFF to get 15% off the course.) 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 Chris Capre? Website: 2ndSkiesForex.com Twitter: @2ndSkiesForex 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!

How To Trade Fundamental Analysis In Forex In episode 142 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino in London. I met up with him specifically to discuss more in-depth the topic of crypto trading. 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 the video interview! Previous Interview with Nick Bencino: Trading Price Action With Support And Resistance Topics Covered In This Episode Nick Bencino's trading style & entry into crypto trading [2:30] How Nick adapted his trading style to cryptocurrencies [5:54] How Nick developed his crypto trading strategy & picked timeframes to trade [8:20] Which cryptocurrencies are worth trading (due to correlations) [11:54] The technicalities of crypto trading (platform, broker, etc.)[14:18] Should you look at trading Bitcoin both ways? [18:05] How Nick Bencino analyzes candlesticks in the market [19:40] How Nick manages risk in crypto trading [25:50] The usefulness of a checklist in Forex & crypto trading [28:35] Is looking at volume useful for the Forex and crypto markets [30:12] The management of losing streaks (great advice) [32:22] The role of patience and how to develop it [38:22] The average monthly return of Forex and crypto trading [44:15] The best way to learn to trade successfully [47:19] A day in the life of Nick Bencino & his exact trading times [50:40] Nick's controversial opinion on trading signals [53:15] The principle of adding to your trades as they go in your favor [54:10] How Nick adjusts his support and resistance areas [57:45] And much more! Resources Mentioned Trade Journaling: Edgewonk Chart Platform: TradingView Book: Discipline Equals Freedom 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!

How To Trade Fundamental Analysis In Forex In episode 141 of the Desire To Trade Podcast, I interview full-time trader and podcaster Brandon Turner from Two Blokes Trading. From his desk in Toronto, he was able to offer his knowledge on trading fundamentals. Brandon is primarily a fundamental trader who looks at Forex and he went through all the steps, all the things that has to be looked at before starting a Forex trade. In this podcast, Brandon talks about whether you want to trade with the news or you want to look at the fundamental trade before entering a trade, what are the things you need to know and the fundamentals of trading. Topics Covered In This Episode Who he is, what he's doing, and a little bit about his trading [2:26] How he taught himself fundamentals and sentiment [8:36] His trading style and what he's looking for in the market [9:54] How he responds to fundamentals and sentiment seen on chart to trade better [12:26] What and how people react to fundamental events [16:45] What his daily routine looks like to be able to get that sentiment or picture of the market [18:11] How he interprets and the resources he uses [22:04] Where you can find the main areas that the Central Bank is focusing on [23:15] How often he is right on what he thinks is going to happen with the trades [25:19] How he places stop-loss and risk management [28:59] Other sentiments or fundamental tools that he uses apart from the news [30:50] TV channels he looks at [33:28] How the news affects his trade [34:10] His advice for people in trading [35:45] Resources Mentioned RANsquawk ForexLive X Open Hub 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 Brandon Turner? TwoBlokesTrading.com Twitter: @BrandonTurnerFX 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!

How To Get Capital To Trade (the easy way) In episode 140 of the Desire To Trade Podcast, I interview Jack Schwager, fund manager and well-known author of Market Wizards. He has been most recently working on a platform (FundSeeder) that links traders and investors so they can get capital and that an investor can get a talented trader to manage their money. In this podcast, Jack shares a lot of good insights in this interview and shows you exactly what you need to do if you're aspiring to trade. He's going to show you pretty much 75% or more of everything involved and that you almost automatically end up trading for people if you do things right. We explore the topic of how to get capital for trading and the quite simple steps that you need to take to start trading. Topics Covered In This Episode What he's doing now and in the past, and how that transitioned to what he's doing now [1:43] How he wrote his book 'Market Wizards' and the things he went through [3:04] The different steps people go through to become successful [5:16] The role of trading and how he sees it in his life [6:36] If it is normal for traders to have some negative years of return [10:16] How people can get back from 'losing' years [11:16] How some traders completely change strategies like Martin Schwartz [14:41] The acceptable maximum drawdown [17:24] What FundSeeder is about and how he came to start funding it [19:20] The proper risk-to-reward ratio measures to use [26:29] The Sortino ratio [31:35] What you need to be able to trade for investors and other people [31:59] How relations are a big deal [35:47] What type of track record you need to be able to get capital [36:18] How the process works once you will be able to trade for other people and linking your account to FundSeeder [37:54] Signing up for FundSeeder if you have a small account of less than $10,000 [43:51] If you're able to have multiple accounts to your name [47:05] Day trade or swing trade and how it doesn't make any difference [47:59] Trading accounts from a Forex trader and stock trader [49:30] The Accelerator Program on FundSeeder [50:39] When you'll know when a chart is broken [54:25] Resources Mentioned Book: Market Wizards FundSeeder FundSeeder Accelerator Program 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 Jack Schwager? FundSeeder email: jschwager@fundseeder.com 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!

How To Succeed At Trading For A Living In episode 138 of the Desire To Trade Podcast, I interview full-time trader Moritz Czubatinski exploring the topic of how to succeed at trading for a living. Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf. Moritz has lived in Asia for 7 years and moved back to Germany to run his businesses. He has also been a day trader and is right now transitioning to swing trading and position trading. In this podcast, Moritz talks a little bit more about his tactics and some of the uncommon ways that are used to become a profitable trader and to continue growing. Topics Covered In This Episode What he's doing in Europe these days [2:50] Living in Asia and trading or working while there [3:58 His favorite trading and non-trading books [5:10] What helped him most to become a profitable trader and trade full-time [6:50] What needs to be on your to-do list if you're a beginning trader [8:57] How he became profitable and the things he did [10:38] His review process [12:53] What he will tell people to do when everything seems to go wrong [14:20] Thinking in terms of time [16:27] Transitioning from day trading to swing trading [18:31] His best tip for people who don't have a strategy [19:54] How he handles drawdown [22:30] What his ideal setup is [24:02] Trading with single or many strategies/systems [26:07] Using volume in stocks [29:08] His productivity techniques [30:10] Scheduling his trading time [32:43] His entry system and recommended timeframe for new or aspiring traders [34:39] Studying to become better [35:47] Things that he keeps doing to move forward [37:13] Accounts he started with [40:20] What people have to learn about [41:34] Scenario optimizer/tester in Edgewonk and other features [43:56] His educational background [48:56] Best and worst parts of the forex trader lifestyle [50:02] His thoughts on hedging [50:51] Different job fields one can take in trading [53:19] Resources Mentioned Trade Journaling: Edgewonk Book: Technical Analysis of Stock Trends by Robert Edwards & John Magee Book: Atlas Shrugged by Ayn Rand Book: Portfolio Selection by Harry Markowitz Book: The Evaluation and Optimization of Trading Strategies by Robert Pardo 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!