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

This podcast is all about developing Forex trading skills for more freedom! My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom. What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer. I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for! If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. I'll help you do that! The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.
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Now displaying: October, 2016
Oct 31, 2016

The Guide To Forex Trading Strategies - Part 1

Show notes: http://wp.me/p6qxZI-17Z

In episode 64 of the Desire To Trade Podcast, I decided to discuss a very popular topic: defining a trading strategy. I recorded a 3-part Guide To Forex Trading Strategies so we can set you up with a plan as soon as possible.

I've seen a lot of traders trading with absolutely no plan expecting they would succeed, so I want to make sure I address this topic.

In fact, you've probably already heard the saying "trading is simple but not easy", right? Well, it is when you have a plan and a strategy to execute on.

I agree that executing on that plan will be the hardest part, but we have to cover things step-by-step here.

In Part 1 of the Guide To Forex Trading Strategies, I'm giving you a quick introduction of what type of strategy you can trade. In the next parts of this series, we'll deal with specific indicators you can use as well as how to read price movements.

 

What's Covered In This Episode?

  • The concept of market phase
  • The 3 types of trades
  • When you should consider each of the trade types (based on the market phase)
  • What to expect as win rate and reward-to-risk for various Forex trading strategies
  • The top mistakes traders make when defining a strategy
  • 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!

DesireToTRADE's Top Free Resources

Oct 24, 2016

Raman Gill: The Process & Mistakes Behind A Successful Forex Day Trader

In episode 63 of the Desire To Trade Podcast, I interview Raman Gill, a Forex trader, investor, and coach that first got introduced to the currency markets in 2009. She then found her passion and felt in love with trading.

Raman founded Trading with Venus in 2014 where she works with those new to trading, helping them make better, more informed, decisions about trades so they can take consistent action to achieve their financial goals. She also works with successful female entrepreneurs, helping them with investing to accelerate their wealth creation and enabling them to achieve financial security and freedom.

Raman previously worked at one of the largest financial institution in North America where she held a variety of management roles over the years. Most recently, she was a Portfolio Manager in Mergers & Acquisitions area, where her team was responsible for due diligence on deals ranging from $50MM to multiple billions of dollars in both US and Canada.

Prior to working in finance and investments Raman owned an IT consulting business, for 10 years, which she subsequently sold. Raman has a Bachelor's degree in Computer Systems and MBA degrees from Johnson School of Business, Cornell University in the US and Queens University in Canada.

 

What's Covered In This Episode?

  • How Raman learned the fastest in trading
  • How Raman got introduced to trading
  • The biggest mistake Raman made while trading full-time (be careful!)
  • The exact Forex day trading process Raman follows
  • How to prepare the right way before trading
  • How Raman intends to trade the London session (read When To Trade Forex To Maximize Your Lifestyle & Profit?)
  • The "windy" truth about trading & the benefits
  • Getting accountability in your trading for better results
  • 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

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Oct 17, 2016

Brian McAboy: Succeed In Your Forex Trading Business

In episode 62 of the Desire To Trade Podcast, I interview Brian McAboy, an experienced trader, trading coach, and business consultant with a passion for helping traders understanding the business aspect of trading.

I was pleased to go through Brian's book titled "Trading Psychology's Missing Chapter: Enough To Be Dangerous". I couldn't put the book down as I absolutely could relate.

Overall, Brian is very knowledgeable when it comes to transform topics seen as complicated & boring by most traders into easy-to-implement tactics.

 

Topics Covered - Brian McAboy

  • How Brian turned $30,000 to $47,000 and went down to nothing
  • Brian's top difficulty in trading
  • The very first step of trading most traders miss
  • Your multiple roles as a trader & wearing the hats
  • How & why to set your parameters as a trader
  • What 4 tactics you can implement to treat trading as a business
  • The 2 learning curves of a trader (how to trade + how to work for yourself)
  • Why you must document your trading system
  • The guidelines for discretionary trading
  • 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

DesireToTRADE's Top Resources

Oct 10, 2016

Carley Garner: All You Need To Know About Commodity Trading

Show notes: http://www.desiretotrade.com/carley-garner/

In episode 61 of the Desire To Trade Podcast, I interview Carley Garner, a commodity and option trader. She is the woman behind DeCarley Trading, an award-winning commodity broker.

Carley have been in the trading business for over 12 years and started with options from day 1.

Carley mentions that option trading is done at a slower pace than other assets such as Forex, stocks, and futures. 90% of options expires worthless. We also discuss option selling, a way to make money on a higher probability with unlimited risk. As an option buyer, the risk is limited but the probability of making a profit is smaller. 

Pieces Of Advice

"Be fearful when others are greedy and greed when others are fearful." CLICK TO TWEET

"There's not a right or wrong way to trade, just the one you're comfortable with." - @CarleyGarner CLICK TO TWEET

Topics Covered – Carley Garner

  • How being contrarian can make you a great trader
  • Why optons are interesting to trade
  • How to trade commodities
  • How option selling works
  • The biggest mistakes Carley made in trading (good anecdote!)
  • The best to start trading options
  • How to limit your risk with options
  • Decision process of an option trader
  • The main commodities traded by Carley
  • The main mistakes beginners make (i.e. the lasting power)
  • 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!

Oct 3, 2016

Adam Grimes: Building Your Edge In Any Financial Market

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In episode 60 of the Desire To Trade Podcast, I interview Adam Grimes, a stock, futures and currency trader with a formal education as a musician. Adam trades for a living and is also behind his personal blog.

He started in Futures trading several years ago and was over-leveraged.

Adam reminds us that there are countless ways to make money in the market, but that a trader's method must be defined in advanced. While a lot of traders rely blindly on trading psychology, Adam highlights the fact that having a proven system is essential from the start.

During this interview, Adam mentions one thing I have noticed from discussing with struggling traders. Most traders who do not have consistent results haven't even tested their systems but want to believe that their system work.

Topics Covered - Adam Grimes

  • Why common trading advice can be wrong
  • The technical analysis concepts that don't have an edge
  • How quantitative trading works
  • Reliance on trading psychology and its effect
  • How to find your edge in the market
  • How you can fail to trade successfully with a backtested system
  • How to use discretion in your trading
  • How to adapt your strategy to several markets
  • The FIRST stage of success - Very important!

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

If you truly want to succeed in Forex trading, you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.

Get the Forex Day Trading Success Cheat Sheet for FREE!
http://www.desiretotrade.com/day-trading-success-cheat-sheet/

Check out the Desire To Trade Podcast - Trading Tips & Interviews with Successful Traders: http://www.desiretotrade.com/podcast/
iTunes: http://www.desiretotrade.com/itunes/
Stitcher: http://www.desiretotrade.com/stitcherpodcast/

For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com

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