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

Success Story Behind Starting A Forex Broker - Arif Alexander Ahmad In episode 198 of the Desire To Trade Podcast, I interview Arif Alexander Ahmad, Managing Partner at Scandinavian Capital Markets. In this interview, he tells us about the story behind the creation of SCM and how they do things differently to others. This interview is made in the "Lets Talk Brokers" format we run once in a while on the Youtube Channel.   Watch: Video interview! In This Episode, You'll Learn... Who is Arif and what he does 00:50 What platforms does Scandinavian Capital Markets offer 02:59 Leverage & money management 06:30 Withdrawals & Deposits 08:37 Spread & commissions 10:43 Customer service & member interface 13:46 How you can find out more about Arif 17:35 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 Open an account with Scandinavian Capital Markets DesireToTRADE's Top Resources

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 D

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!) Desire

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 Fore

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!

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

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 go

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 Be

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

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: Edgewo

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

Reality Of Trading Professionally – Show Notes In episode 187 of the Desire To Trade Podcast, I sit down with James Whelan and Daniel Moss in Sydney. Both work for VFS Group, a private wealth management fund. I wanted to discuss with them what it's like to trade in a firm of the sort and what you can expect as well if you ever decide to trade professionally. In 2014, VFS Group was admitted to the BRW Top 100 Fast Starter list. In 2015, Danny was named NSW Business Chamber Young Executive of the year for the Sydney region. Watch the video interview here! Topics Covered In This Episode How it's like to work in a group of traders 1:20 What is done at VFS Group 1:45 The type of tasks traders perform in institutions 2:05 What you need to do to trade professionally 3:00 Communication in a team of professional traders 4:56 How & why the traders transitioned to trading algos 9:50 The type of data traders look for to make decisions 12:30 Changes coming up in the managing money industry 15:35 How to communicate

Top 3 Trading Tips From Full-Time Trader – Show Notes In episode 186 of the Desire To Trade Podcast, I interview Karen Foo, a Forex trader, motivational speaker, and author. After ranking #1 in a Singapore nationwide Forex trading competition, she came on the podcast to share the lessons she learned prior to becoming a profitable Forex Trader. Watch the video interview here. Topics Covered In This Episode Karen's First tip for beginner traders, DONT RUSH (00:58) Karen's Second tip for beginners, stop looking for the holy grail (02:43) Karen's Last tip for beginners, be great at risk management (05:34) More About Karen Foo Karen is actively involved in speaking at various conferences, seminars, expos, workshops, toastmaster clubs and publicly-held events in Singapore and Malaysia. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of youths working executives and leaders of various companies to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING AND ENGA

Ways Traders Screw Up - Sow Notes In episode 180 of the Desire To Trade Podcast, I sit down in-person for the first time with Mandi Pour Rafsendjani. She discusses 5 ways traders screw up in their trading. Those are trading mistakes you want to avoid at all costs...but Mandi is good to share action steps you can easily take for each of those ways traders we've seen screw up. Watch the video interview here. 7 Simple Ways: Stick To Your Trading Plan Topics Covered In This Episode Who is Mandi and what she does [00:54] The first way traders mess up, beating yourself up [01:57] The second way traders mess up, preparation [06:06] How Mandi prepares herself properly for trading [07:22] The third way traders mess up, putting yourself first [11:20] The fourth way trades mess up, apply what you learn [22:05] The fifth way traders mess up, filter what you take in [23:50] Resources Mentioned 7 Simple Ways: Stick To Your Trading Plan  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Co

 The Best Trading Capital Funding Platform - Michael Berman – Show Notes In episode 184 of the Desire To Trade Podcast, I interview Michael Berman, co-founder of PsyQuation. He gives an overview of the PsyQuation platform and how you can combine it to an AxiTrader account to get trading capital (i.e. trade for others). Open an account with AxiTrader (30% trading credit promo w/ min $1k deposit) Watch the video interview Topics Covered In This Episode Who is Michael Berman and what he does [00:33] How was Michael's first experience with trading and how that evolved to Prop Trading [02:17] How PsyQuation came to be [05:51] What is PsyQuation and what is it about [07:49] How does PsyQuation work as an incubation platform for traders [10:20] How does a trader get a PsyQuation score [14:01] How does the PsyQuation score can help you become a funded trader [14:46] What are the new updates and plans for the future for PsyQuation and the amazing tools they are developing for traders [18:34] How you can find more abo

Successful Traders Understand Flow - Chris Weston – Show Notes In episode 183 of the Desire To Trade Podcast, I interview Chris Weston. He is a Forex trader & Head of Research at Pepperstone. I had the chance to speak with him on my recent trip to Australia at the Pepperstone offices in Melbourne. Chris has made several appearances on television discussing the markets and is a trusted source of market commentary. Watch the video interview Topics Covered In This Episode Who is Chris Weston, his path and what he does (00:42) How was Chris Weston's beginning as a trader (04:53) How can retail traders understand "flow" (07:49) How Chris Weston sees price action (10:45) "Get off your trade based on the candlesticks instead of your P/L" (16:56) The first thing Chris Weston looks at when entering a trade (18:26) What is Chris Westons's interest in macro (23:27) Why each trader should understand what works for you (39:17) What does Chris Weston routine and day look like? (42:58) And much more! Resources Mention

Forex Trading For Financial Freedom - Navin Prithyani – Show Notes In episode 182 of the Desire To Trade Podcast, I sit down with full-time trader Navin Prithyani from Urban Forex to talk about trading for financial freedom. Watch the video interview Navin has been trading Forex for well over a decade. During this time he went through all the phases of a successful trader and through all the hardships to reach every next phase. These days Navin is giving back to the trading community by teaching his knowledge to both new and experienced traders. During this process, he also discovered that he also has a talent for teaching. Navin prepared a special Strategy Video to go over his strategy, check it out here Topics Covered In This Episode Who is Navin Prithyani and what he does [01:35] What were Navin's "making it work" phases [05:41] How Navin Prithyani made the money mindset shift in his trading and life [07:56] The importance of perseverance in your trading [09:26] What are the aspects in which most traders

Build a Forex Trading System In episode 181 of the Desire To Trade Podcast, I interview Scott Phillips, a full-time Forex swing trader living in Bangkok. Watch the video interview here. Topics Covered In This Episode Who is Scott Phillips and how he got into trading [00:34] What Scott trades and how is his trading day [03:48] How Scott changed from a losing trader to becoming consistently profitable [7:00] What Scott considers the biggest predictor of future success [10:00] How does Scott keeps track of his trades and journaling [13:53] How has Scott refined and optimized his strategies by using his trading journal [16:53] How Scott keeps on top of his trading when he travels [19:00] What are the common things people do wrong when they try learning to trade [20:14] What Scott thinks of indicators [21:50] What is Scott's top recommendation for traders [23:08] Scott Phillips' goals for the future [24:49]  DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action S

Trading Psychology - Why it´s NOT Working for You In episode 180 of the Desire To Trade Podcast and live Q&A, I sit down once again with Mandi Pour Rafsendjani to discuss why trading psychology is not working for most traders! Watch the video interview here. Topics Covered In This Episode Who is Mandi and what she specializes in [00:36] Why traders "know" what they need to do but don't do it? [03:14] Why and how your surrounding environment affects your performance [09:11] How behavioral patterns and who listen to matter in our development [13:01] What "taking responsibility" means for a trader [17:13] How to reprogram our mind to think like top traders [25:22] How to identify the root cause of our issues [29:20] What is the first mental challenge for going to be employed to a full-time trader [32:11] How has Mandi changed in her trading from 2002 to today [37:10] How to deal with "overtrading" and losing trades[47:29] How should you go by on being able to reach your goals this year [57:48]   Resources

Plan Your Trading Success In 2019 In episode 179 of the Desire To Trade Podcast, I sit down with stocks & futures trader Jerremy Newsome from Real Life Trading to discuss how to plan for major trading success in this 2019. Watch the video interview here. LIVE TRADING ROOM FREE WEEK Topics Covered In This EpisodeWho is Jerremy Newsome, what he does and his trading journey  [01:44]What is the first step someone who does is struggling to make a plan [02:49] How Jerremy Newsome does his goal planning [05:52] Jerremy Newsome's recommended tool to get things done [07:17] Jerremy Newsome's recommendations on how a trader can achieve the goal of becoming a profitable trader by the end of 2019 [08:33] Is there a point in which a strategy can be further optimized? [13:48] How can someone who is starting out follow a proven path? [15:37] How to handle over fitting trading rules in changing markets? [20:32] How to create/save up your goal amount in 2019 [25:48] Is it possible for retail traders to make money tradin