The Reality of Full-Time Trading In episode 359 of the Desire To Trade Podcast, Etienne sits down with full-time trader Rolf Schlotmannfrom Tradeciety.com to discuss what it's really like to build a full-time trading career. You'll learn from his experience on how to become a consistently profitable Forex trader. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 0:33 Who is Rolf and what he does 1:38 Story Time - How it all started 2:32 How Rolf decided to go full-time trading 4:42 Why his early 20s was the best time to take risks 6:51 What is Rolf's trading style 7:44 How to overcome FOMO in the markets 8:59 Pivot Points: Rolf's favorite indicator 10:06 How to use Pivot Points 11:09 Why objectivity and structure is vital in trading 12:10 How to make Price Action trading more objective 13:42 What more is there to price action trading 16:15 How to filter market conditions 17:28 The importance of accepting losses 19:27 Why the obvious things are harder to trade 21:25 How should you develop YOUR OWN trading style 23:40 Why it's so hard to focus on 1 thing for 3-6 months 25:52 Why Rolf prefers to live in Asia than Europe 27:11 Should you move to Asia or somewhere else to trade? 28:15 How to deal with "The Loneliness of trading" 30:51 How Rolf went from working 16hs a day to 2 hours a day 31:14 How to stay on top of the game over a long time 33:00 How to review your trading performance and statistics 34:31 How to correct mistakes and negative behaviors in trading 35:42 Rolf's top advice for struggling traders 37:50 Why a winning trade is not a good trade 39:00 How to transition from easy markets to hard markets 40:41 How to use FAILURE to improve as a trader 41:51 Why you should always keep a trading journal 42:21 Where to find Rolf And much more! What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Resources Mentioned Trading Journal: Edgewonk Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Moritz? Tradeciety Edgewonk Facebook Twitter What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
Professional Trader Secrets Revealed In episode 358 of the Desire To Trade Podcast, I sit down with full-time professional trader Ali Crooks. He has been trading for close to 20 years and runs a private fund. We discuss how he sees the market, his mindset, and his techniques when it comes to backtesting, live trading, and more! Are you ready for it? Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 0:36 Who is Ali Crooks and what does he do? 1:21 What is needed to maintain successful trading for the long term 4:26 How successful traders deal with the realities of trading 6:56 How to stop making the same mistakes as a trader 10:57 How journaling can help you find critical patterns of a trader 12:46 How is Ali Crooks private fund going? 15:20 How managing a fund affected Ali's trading 17:51 Ali's top advice for traders to manage external capital 20:13 How to use algo trading properly 23:30 The reality of algo trading 24:28 What to expect with algo trading 26:54 A quick way to look at backtest results vs reality 29:03 Setting up expectations between backtesting and live trading 30:31 When should you drop a strategy if it's not working 34:04 Ali's advice for traders afraid of trading live 37:17 Common mistakes of traders 37:25 The importance of expectations in trading 43:57 How to explain drawdowns to investors 46:08 Where to find Ali Crooks And much more! What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Ali Crooks? Website YouTube Instagram Twitter What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
Develop The Mindset of a Professional Trader In episode 357 of the Desire To Trade Podcast, Etienne sits down with full-time professional trader Yvan Byeajee. Yvan is an expert on trading mindset and understanding trading psychology. You'll hear how he went from losing to a consistently profitable trader by working on the mindset he brings to trading. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 1:11 What does Yvan do and how he got into trading 6:30 What it took for Yvan to become a profitable trader 7:55 The difference between Market psychology and trader psychology 14:12 What is emotional-based trading 15:30 How trading re-wires your brain 17:55 How can you improve your trader mindset for success 22:15 Meditation practice for trader improvement [Live Example] 32:10 How a simple practice transforms your trading 38:06 How often should you meditate to get results 40:56 Where to find Yvan Byeajee And much more! What is one thing ...
How To Get Funded $100k+ For Trading ft.The5ers Prop Firm In episode 356 of the Desire To Trade Podcast, I sit down with Saul Lokier full-time trader and general manager at The5ers prop firm. We discuss how traders can get funded by The5ers and scale up to $3.6M (currently the maximum capital you can get from this prop firm). You'll also learn from Saul's journey as a trader as well as the obstacles he had to overcome. Take The5ers prop firm challenge (5% Discount on your 1st Evaluation) Are you ready for it? Previous interview with The5%ers Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 0:47 Who is Saul and what he does in The5%ers 1:20 Why did Saul join The5%ers in the 1st place? 2:04 How isThe5%ers different from most other online "prop firms" 3:36 When should you look to become a funded trader 4:39 Saul's experience with other online prop "challenges" 6:16 Why 30-day time limits are bad for traders 7:36 Quick overview of The%5ers options for trader funding 10:33 How The5%ers makes money 11:07 Why the5%ers need profitable traders 11:34 How the new Freestyle program helps profitable traders 13:24 What is the maximum drawdown for funded traders 14:06 Why you don't need more than 1:30 leverage 15:19 How to choose the correct prop firm for you 17:16 Top tips to pass a prop firm evaluation and get funded 19:47 Why your trading strategy doesn't matter 20:27 Top habits from funded traders 21:55 How many funded traders are then in The5%ers 23:46 How prop firm traders inspire growth 24:32 How fast can you scale your funding with the5%ers 26:35 How can trading millions affect trader psychology 28:00 The importance of having a team for funded traders 2:57 Areas of improvement for The5%ers 30:44 Where to find Saul and The5%ers And much more! What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes Where to find Saul Lokier! The5%ers Prop Firm Email What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
He Makes A Living Algo Trading in Forex In episode 355 of the Desire To Trade Podcast, Etienne sits down with Scott Welsh, a full-time algo trader. Scott trades automated trading strategies for a living. You'll learn his best tips on algo trading and how you can start trading algorithms yourself. Are you ready for it? Previous interview with Scott Welsh Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 0:38 What has changed with Scott's trading since the last interview? 2:30 How much work does algo trading require? 4:38 Why you should re-optimize your algos 6:02 How do you avoid over-optimization 10:54 Should you focus on a few symbols or a lot of symbols? 11:41 Scott's trading review process 13:30 How to find strategies for algo trading 14:46 Why you don't need to learn to code to be an algo trader 16:04 Why trading ideas don't matter 17:55 Example of a forex trading strategy 19:44 Why common indicator logic may not matter 20:23 Why a time-based stop loss works? 23:09 The mindset of an Algo trader 26:40 Why you shouldn't care about your P/L 27:37 Why Scott loves trading contests 30:12 Why Scott sometimes trades with high risk 31:53 Where to find Scott Welsh And much more! What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Resources Mentioned Virtual Private Server (VPS): AccuWebHosting FXVPS Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Scott Welsh? Twitter Website What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
"Secrets of an Institutional Trader" In episode 354 of the Desire To Trade Podcast,Etienne sits down with Jason Sen, an ex-institutional trader with decades of experience in the Forex and various markets. You'll get to hear Jason's tips & tricks to make a trading career work for you. Living in Phuket, Thailand, he is a big fan of freedom and uses multiple timeframes to pick better trades. Trade Battle with Jason Sen Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:30 Who is Jason Sen? 1:18 How Jason started trading 2:42 How to best learn trading 4:11 Period of break-even at first 5:23 Mindset of making $1M in a week 5:58 How Jason's trading process evolved over time 8:45 Trading from home vs. on the floor 10:10 How Jason transitioned to higher timeframe trading 11:32 How big banks started using Jason's technical analysis 13:29 The issue with support and resistance areas 14:49 Why Jason uses no indicators 16:33 Jason's trading style 17:11 How to be comfortable with missing trades 18:01 How to simplify your trading & get profitable 20:25 Where to place stop losses & take profits 22:32 Advice for new traders 22:50 Why Jason (doesn't) like social media 24:16 Subscribe if you want more content like this 24:32The key in trading is discipline 25:26 Tips for better discipline in trading 27:18 "If you trade profitably, why do you need other incomes?" 30:10 Where to find Jason Sen? (links in description) and much more What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Jason Sen? Website Youtube What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
Risk Management For Traders (Ultimate Guide) In episode 353 of the Desire To Trade Podcast, we sit down with Michael Toma to discuss risk management for traders. You'll learn the main concepts of risk management in Forex trading. We also discuss risk management for prop firm trading. As you know there are statistics you need to respect to get funded and keep your account. Michael is an expert on managing risk in trading. Join our Ultimate Prop Firm Trading program Watch more videos featuring Michael Toma Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:55 Where to start to look at risk management as a trader 1:39 Why SL placement is only a tiny part of risk management 2:33 What is the Risk of Ruin in trading 3:40 What things can a trader do to influence their Risk of Ruin 4:46 Why win rate by itself doesn't matter 5:28 Why identification is really important for traders 7:07 What other metrics can you use to evaluate your trader performance 8:32 Why sometimes really high-performance metrics can be bad 9:51 What matters most to get a job at a prop firm 11:44 How can you prevent losing a funded prop firm account 13:25 How to know if your strategy works for a prop firm 16:11 What else should you look at in the current markets 18:36 How do news events affect your risk management 19:52 How you can work with Michael Toma and much more What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Michael Toma? MichaelToma.org email: michael@michaeltoma.org/ Join our Ultimate Prop Firm Trading program What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
Mastering Forex Fundamental Trading In episode 352 of the Desire To Trade Podcast, Etienne sits down with Yohay Elam from FX Street. They discuss how to master & learn Forex fundamentals. You'll get to hear from someone who understands fundamental trading in-depth. Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:33 Who is Yohay Elam and what he does? 1:41 What does Yohay focus in the markets today 3:00 How can you know if fundamentals work or not in the markets 4:46 How economic data can create big movements in the markets 6:46 How to Day Trade vs Swing trading with fundamentals? 8:06 How can you stay up to date with economic news and fundamentals 9:39 How can a trader learn to use fundamentals in their trading 11:47 What does Yohay think of cryptocurrencies 13:34 What assets should you focus on as a trader 16:16 Why is JPY gaining value in the current markets 20:30 Where to find and connect with Yohay Elam and much more What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) EightCap (preferred Crypto and FX Broker) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Yohay Elam? FX Street Twitter What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
Make Money Position Trading Forex (Long-Term) In episode 349 of the Desire To Trade Podcast, I sit down with full-time position trader Christopher Tate. He is an expert when it comes to trading higher timeframes. You'll get to learn why and how Chris transitioned to position trading and how he simplified his trading system to work better. This is an absolute must-watch if you can't get profitable day trading and want to start trading higher time frame. Watch the video interview here Topics Covered In This Episode 0:15 Introduction 0:42 What has changed for Chris Tate since his last interview with Etienne 1:50 How are the markets different today than 3 years ago 5:00 Do fundamentals mater got Chris? 9:36 What Chris uses to look at trends 15:02 How you can use the markets to fit your needs 19:15 How expectations prevent most traders from success 21:04 How can you test your edge when trading really large timeframes 25:00 How traders can improve their mindset and expectations 29:19 Self-doubt is inevitable as a trader 32:58 How to know when to take action and when to wait 35:26 Should traders isolate themselves or get ideas from other traders? 39:57 Where to find Chris Tate and much more What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) EightCap (preferred Crypto and FX Broker) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Chris Tate? Website Facebook Twitter What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!
The Forex Trader’s Guide To Entries - Traders Q&A In episode 350 of the Desire To Trade Podcast, Michael Toma and Alejandro from the Desire To Trade team take over Etienne's channel to answer the question: Does your trade entry matter? or is it all random? Note: Sorry for the audio its Alejandro's 1st time with the software so there were a few settings on his side that were not perfect. Watch more videos featuring Michael Toma Watch the video here Topics Covered In This Episode 0:15 Introduction 4:24 Does entry price matter? Community Q&A 10:12 Mota: Does Price always move in a trend line? 12:27 Where is Etienne? 13:25 Should we chase a trade? 18:09 When trading is it important to pay attention to the price itself? 24:49 Liam: What is a reasonable monthly performance? 27:50 Is it better to use fixed R:R or trailing your trade? 32:40 How do you decide what market to trade? 36:39 Are you Discretionary or systematic traders? 40:26 Does divergence play a role in your pullback trades? and much more What is one thing you are going to implementafter listening to this podcast? Leave a comment below, or join me in theFacebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community(free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) EightCap (preferred Crypto and FX Broker) Desire To Trade Academy About The Desire To Trade Podcast Subscribe via iTunes(take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe viaTuneIn Subscribe viaGoogle Play See all podcast episodes How To Find Michael Toma? MichaelToma.org email: michael@michaeltoma.org/ How To Find Alejandro Pérez? email: alejandro@desiretotrade.com email: alejandro@bluecapitaltrading.com What is one thing you are going to implementafter listening to this podcast episode? Leave a comment below, or join me in theFacebook group!