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

Trading Success Tactics From An Investment Manager In episode 137 of the Desire To Trade Podcast, I interview investment manager James Whelan. He shares some very important trading success tactics few people ever talk about. What's great about the tactics pointed out by James is that you'll be able to apply them whether you're a retail trader or a professional one. James currently works for VFS Group, who provides holistic and targeted professional investment advice to Private Clients. He shared some of what his role as an investment manager involves in addition to trading. One thing that is to take-away: relationships are big in the trading industry and can easily make the difference. Topics Covered In This Episode James Whelan introduces himself 2:00 How James first got involved in trading 4:00 How James Whelan started to practice trading for success 5:30 What profitable traders should do and focus on 7:45 The difference between trading for yourself and for an institution 10:18 How big institutions protect their capital 12:00 James Whelan's trading style & how he manages it 14:18 How to align with what big institutions are doing 18:28 How to keep a great mindset with everything that happens 24:25 Best tips to trade in the right mindset 26:30 And much more... 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 James Whelan? VFS Group Twitter LinkedIn 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 Forex Trading: Learn How To Manage Your Time In episode 136 of the Desire To Trade Podcast, I discuss with Mandi Pour Rasfendjani an uncommon technique to master Forex trading. I've got to discover over the years that the best way to master anything is to learn how to master your time. That's what we're talking about in this episode. I get a lot of people reaching out saying they're "too busy". The truth is, we all have the same 24 hours. You've got the same number of seconds each day as Oprah Winfrey, Steve Jobs, Bill Gates, etc. No more no less. What you do with your time ultimately determines who you are... That's why we're diving in the topic this week! Resources Mentioned FREE: Forex Trader's Time Blocking Guide 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!

From A Lucrative Job To Professional Trader And Fund Manager In episode 135 of the Desire To Trade Podcast, I sit down in Hong Kong with professional trader, fund manager, author, and educator Ray Barros. 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. Topics Covered In This Episode A quick introdton about Ray Barros 0:22 How Ray Barros first got involved in trading 1:05 How Ray recovered from blowing up an account 2:40 The best way to improve in trading & learn what the market does 4:21 How to create a proper trading plan 5:45 How Ray Barros started to manage funds 8:00 What Ray thinks of a $100,000 account (and up) 9:30 How to get capital to trade (when you're profitable) 11:10 How to know if a fund is a scam or not 12:23 Chris asks: do you need to show a track record to investors?13:47 Should you keep your losing period on your track record 15:52 How Ray Barros handles drawdowns (BIG lesson!) 17:13 How Ray managed to keep his investors over time 19:00 Kimo asks: what's your approach to the market? 23:00 Taking partial profits or moving stops with discretion 25:38 How Ray manages professional trading & running a fund 29:35 What timeframe Ray Barros focuses on and when 31:15 How to scale up your trade size 33:12 How much to risk per trade (rule of thumb) 34:20 How to build up your account size 35:20 Why Ray Barros applies the same process to all markets 37:50 Advice to start in discretionary trading 38:27 Ray's maximum drawdown rule 39:50 What traders do wrong these days 41:00 Why trading is the hardest job in the world 42:50 Why Ray Barros meditates 46:34 Resources Mentioned Trade Journaling: Edgewonk 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 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!

Currency Trader Interview (Living In Paradise) In episode 134 of the Desire To Trade Podcast, I am sitting down for an in-person currency trader interview with daily chart trader Jim Brown. Living in Da Nang, Vietnam for over 2 years now, Jim has developed a methodology using technical indicators to trade roughly 60 currency pairs on a fairly high timeframe - the daily chart. This trading methodology allows him to reduce his screen time to less than an hour a day, and thus enjoy the beautiful beaches Vietnam has to offer. This currency trader interview covers topics such as how to maximize your lifestyle as a trader, tips for trading the daily charts, how to trade multiple currency pairs, and more! Watch the video interview! Topics Covered In This Episode What Jim Brown is up to 2:30 A day in the life of a daily chart Forex trader 3:50 How Jim is able to follow 60 currency pairs 6:30 How Jim decides what currency pairs to follow 7:55 The process of creating custom indicators 12:40 How Jim Brown tested his trading strategies 16:00 What's the cost of living in Da Nang, Vietnam as a Forex trader 22:25 How Jim handles drawdowns 24:00 The common mistakes people make in applying Jim's strategies (interesting statistics) 26:30 What to do after a losing day on tight stop losses 38:30 Jim's daily average screen time 32:05 How Jim managed to trade with a full-time job in the past 35:15 How long Jim's daily chart trades remain open on average 39:15 And much more… Resources Mentioned Backtesting Software: Forex Tester 3 Backtesting Expert Advisor for MT4: SoftFx Simulator Grab Jim Brown's books w/ free indicators 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 Jim Brown? JagFx Facebook Group 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!

Algorithmic Trading Strategies (Moving To Automation) In episode 133 of the Desire To Trade Podcast, I interview Matt DeLong, an algorithmic trader & business owner to discuss the process of moving to automation. 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 the video interview! Topics Covered In This Episode How Matt was trading prior to building algorithmic trading strategies 2:38 When Matt decided to go from manual to automated trading 6:00 The steps before starting to trade live with algorithms 8:02 How to avoid curve-fitting the strategy to past data 11:40 What to look for in a trading strategy programmer 13:27 How to use risk in your favor 16:53 The plan with Matt's hedge fund business 20:40 How to use things like S/R areas in algorithmic trading 24:23 How to handle major events in the market 26:57 What Matt does if a strategy hits the max drawdown 28:57 How Matt plans to find investors for his fund 30:14 The required equipment as an algorithmic trader 32:30 How often Matt looks at his past trades 37:00 Essential risk management rules 38:10 Resources Mentioned Recommended Udemy Course: Build Your Trading Robot EA Lab by TradeView 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 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!

Trading Price Action With Support And Resistance – Show Notes In episode 132 of the Desire To Trade Podcast, I interview Nick Bencino, Forex trader & founder of the Forex trading blog Forex4Noobs. We discuss how to trade price action with support and resistance areas as well as a couple of other very applicable topics! The reason why I decided to bring Nick on the show is that he was one of the people who directed me toward price action in the early years of my Forex trading journey. Nick has a very down-to-earth approach and a similar trading style to mine. Most traders can definitely learn something useful from his trading method. Watch the video interview! Topics Covered In This Episode Why Nick Bencino trades higher timeframes 4:20 How Nick Bencino started to trade at 15 years old 6:02 The process Nick went through to learn about price action 18:18 What Nick Bencino considers as price action 12:45 The timeframes Nick likes to trade 15:30 A controversial opinion on candle close 18:38 Where new traders should start to learn trading price action 20:35 How to deal with subjectivity in placing support and resistance areas 23:40 How often Nick replaces his areas and start fresh 26:25 How Nick validated his trading methodology 28:30 How Nick takes profit on his trades 32:20 The top challenges people have trading price action 33:55 How to decide what pair to trade 36:00 The most important traders must do 39:58 Resources Mentioned Steve Nison's Japanese Candlesticks Charting Technique Nick's new site: Cryptos4Noobs 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 Nick Bencino? Forex4Noobs Twitter 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!

How To Make A Living With Forex Trading – Show Notes In episode 131 of the Desire To Trade Podcast, I bring back London session Forex day trader Jason Graystone to discuss how to make a living with Forex trading. During his previous interview on the podcast, Jason mentioned the idea of "selling out" as a major reason for his success in trading. In this interview, we go a little more in-depth concerning what Jason had to do in order to make a living with Forex trading. Watch the video interview! More About Jason Graystone Previous interview with Jason Graystone (#016) Topics Covered In This Episode How Jason Graystone achieved his goals by "selling out" 5:05 A powerful shift of mindset 7:25 How & why to trade the London session 8:52 The timeframes Jason uses for day & swing trading 11:30 What Jason does when he misses a trade 13:08 How long it took Jason to become a profitable trader 15:28 What would Jason do differently in his trading journey 17:34 How to deal with stress & stay calm when going all-in on trading 18:25 A nice advantage of trading for a living & building a business 20:50 The biggest psychological shift in Jason's trading 22:25 A psychology thing people do wrong (uncommon) 24:56 How & when Jason reviews his strategies/trades 27:05 How do you become a "certified Forex trader" 29:15 How to create a good strategy & playbook 32:15 Jason's favorite patterns & strategy 33:25 Jason Graystone's trading environment essentials 34:25 Why Jason has a BIG whiteboard in his trading room 35:40 Jason's thoughts on Bitcoin (very interesting for the future) 37:00 How to use price action to take a trade 39:27 All about the Tier One Trading platform (Jason's new venture) 40:15 The impact of teaching on your own trading performance 43:20 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 Jason Graystone? Tier One Trading Twitter 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!

Price Action Trading Setups That Work – Show Notes In episode 130 of the Desire To Trade Podcast, I bring back Forex price action trader Paul Langham. Paul spent a great amount of time trying to understand how banks were involved in the Forex market. That involved looking at price action. This work allowed Paul to work for major European and UK banks. He got introduced to the market after developing an interest in horse racing bets. That, although trading is fairly different in various ways, helped Paul develop a sense of probabilities that served him in his trading career. Watch the video interview! More About Paul Langham Previous interview with Paul Langham (#080) "Nobody can predict the market." - Paul Langham Topics Covered In This Episode A bit of background on Paul Langham 3:35 What trading looks like in a bank 9:35 Should you consider the news when trading? 14:00 Strategies for higher & lower timeframes 16:30 Some of Paul's long-term trades & how he takes them 18:45 A technique that helped me break-even as a trader 25:20 The first thing Paul looks like on a chart 26:30 How to identify support and resistance areas like a bank 29:10 How to combine multiple timeframes & the BIG mistake 32:30 What Paul looks for when price approaches a major level 34:51 How to trade like big players 37:50 A technique to trade reversals & breakouts 39:35 What timeframe is best to determine the trend 42:08 Are correlations important? 45:40 How to prepare for a stock market crash 48:00 Filters to use in order to increase the reliability of a system 50:45 What is in Paul Langham's Forex Uncensored price action course 56:00 How many trades to take to evaluate your expectancy 1:03:55 How to go from part-time to full-time trading 1:10:10 How to treat a $100 trading account 1:14:25 EXCLUSIVE OFFER: Get A Discount Off Paul's Course With A Complimentary Access To The Desire To Trade Academy Resources Mentioned In The Interview How To Go From Part-Time To Full-Time Trading (#118) Getting Financing: Fundseeder 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 Paul Langham? ExactTrading Twitter YouTube 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!

Can You Make Easy Money Trading Forex? – Show Notes In episode 129 of the Desire To Trade Podcast, I am sitting down with psychology coach Mandi Pour Rafsendjani to re-calibrate expectations & tackle the issue of making easy money trading Forex. Is that even possible? Well, there are things that must be said... I've got to understand that it is much more rewarding to develop the right habits from the start, as opposed to being focused on making easy money trading Forex at first. A big shift for me happened when I started to accept having an average trading strategy instead of researching for the perfect one. Truth is: it'll probably be impossible to find a perfect strategy. An average one (as long as it's strong) will probably get you ahead more than you expected it. DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) Desire To TRADE Academy (premium training & mastermind) 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!

This Is How You Become A Successful Trader – Show Notes In episode 128 of the Desire To Trade Podcast, I interview Tom Constable & Brandon Turner from Two Blokes Trading. This is a special "double" episode in which we dive in both of my guests' stories. Check out my interview on Two Blokes Trading (podcast)! Tom started to interview traders in order to understand how he could become successful himself. He is in progression to become a profitable technical Forex trader. For his part, Brandon, who now trades full-time, has over 10 years of experience in different roles within the trading industry. He is mainly a fundamental trader. The cool part of this interview is you'll get to see what both Brandon & Tom did before reaching the point they are at today. Aside from being complete jokers (the funniest I've seen), they can be great inspirations... More About Tom Constable He is an ex-Army Officer, Ron Zacapa rum enthusiast, technical algo trader, cryptocurrency noob, recovering system chaser. More about Brandon Turner He is a full-time trader since 2006, Forex fundamentals and sentiment trader, closet vegetarian, allergies include technical indicators, suits, and getting rich quick. Topics Covered In This Episode Brandon & Tom's inspiring quotes 2:00 Brandon's story (how he got a trading job) 3:15 How Tom started trading & documented his journey 8:10 How starting Two Blokes Trading helped Tome improve his trading 10:25 Brandon's uncommon & profitable style of trading 11:38 How Brandon was able to test his edge in the market 17:40 How Brandon keeps track of his trades 23:45 How Tom adapted his trading to his personality style 25:00 How Tom struggled with S/R zones and how he overcame the subjectivity 29:50 What actions Tom took to become a much better trader 31:05 What Brandon see most traders do wrong in the market 35:00 The MAJOR shift I've made in my trading over the years 38:50 How to readjust your expectations of returns in trading 41:00 Habits essentials to succeed as a trader 43:50 Resources Mentioned In The Interview Book: Rich Dad Poor Dad by Robert Kiyosaki Trading Journal Software: 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 How To Find Tom & Brandon? Two Blokes Trading Facebook Twitter 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!