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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: November, 2016
Nov 28, 2016

Jean-François Boucher: Trading Tips From A Forex Scalper

In episode 68 of the Desire To Trade Podcast, I interview Jean-François Boucher, a Forex scalper located in Jasper, Alberta.

Jean-François started to trade stocks in the 90s as he worked for IBM. After losing countless amounts of money in options, he discovered the Forex market.

What I particularly like about Jean-François is his down-to-earth approach to trading. As a matter of fact, he knows there are no tricks to succeed quickly in trading. You must put in the work.

He also mentions a crucial fact, that is, risking 1% per trades allows you to come back. While we often see people risking way more than that, Jean-François’ advice is still very important. You can’t expect to increase your risk too high and stay in the game of trading for very long.  As traders, we are professional losers, so we better account for that.

Jean-François says: “it always starts small”, and that is the mindset you need to have if you want to see progress without blowing up countless trading accounts.

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You are your own holy grail. - Jean-Francois Boucher CLICK TO TWEET

Stay 99% flat always. Put 1% on your trades. - Jean-François Boucher CLICK TO TWEET

In This Episode, You’ll Learn…

  • How Jean-François first got involved in the Forex market.
  • The advantages of trading the Forex market.
  • How to go through the different phases of trading.
    • Losing money, breaking even, making some money, making tons of money.
  • How to remove (or reduce) indicators from your trading.
  • What the world looks like for a scalper.
  • How to scalp the market effectively.
  • An interesting way to journal about your trades.
  • The problem with trading robots
  • Very important money management rules no one mentions.
  • 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!

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Nov 23, 2016

2 Reasons Why Traders Blow Up Their Accounts & The Power Of Consistency

Every Friday, I host a live Forex Trading Q&A on Facebook.

In this Q&A #5, I discussed reasons why traders blow up their accounts. This topic came up after I had multiple people reaching out to me, as they felt discouraged saying they blew up their trading accounts.

In the end, there are only 2 reasons this can happen:

  1. You risk too much on any given trade (money management).
  2. You have no tested plan.

As much as aspiring traders want a quick & easy solution, there's no need to complicate things here.

Create a plan, test it, and ensure you have a way to stay in the trading game (hint: not risking too much money on any trade).

A good way to put down your trading plan is with my One-Page Trading Plan Template (you can download it for free!).

The second topic covered in this Q&A is consistency.

Simply put, most struggling traders aren't consistent and focus solely on making money.

However, once you become consistent in trading, doors open to you. As a matter of fact, I was able to trade for investors and other people because I had that consistency

In This Episode, You'll Learn...

  • 2 Main Reasons Why Traders Blow Up Their Trading Accounts
    • How To Create Your Trading Plan In A Very Short Period
    • The Money Management Guidelines I Follow
  • How To Exponentially Grow Your Consistency In Trading

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"The holy grail of trading is consistency. Become consistent and doors will open to you." -> Click to tweet!

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!

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Nov 21, 2016

Kevin Davey: Building Winning Algorithmic Trading Systems

In episode 67 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.

The number of trading systems developed by Kevin is impressive. At the time of recording the interview, he had 95 trading strategies.

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

 

In This Episode, You'll Learn...

  • How Kevin started with automated systems trading
  • How he lost $1,500 on a $5,000 account in a single week!
  • The myth of algorithmic trading & trading psychology.
  • The step-by-step process Kevin uses to build winning algorithmic trading systems.
  • The main tasks of an automated system trader.
  • How Kevin was able to build several algorithmic trading systems.
  • What most traders do wrong when trying to create a trading system.
  • 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

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Nov 17, 2016

Forex Trading Q&A: You Cannot Predict News in Forex & Improving Your Trading

This is a Live Forex Trading Q&A I hosted. We discussed very important topics that you can surely learn about.

Join the Facebook group: www.desiretotrade.com/group/

 

Nov 14, 2016

Georges Papasov: Precise Ways To Improve Your Trading Skills

In episode 66 of the Desire To Trade Podcast, I interview Georges Papasov, a trader from Bulgaria 

George Papazov started trading in his teenage years, fueled by his father’s inspiration and propelled by the desire to achieve his wildest dreams. As a teenager he designed and implemented a foreign exchange strategy which generated over 50% annualized returns, beating the Barclay’s Currency Trader Index for 5 consecutive years.

After finishing his degree in financial planning, George worked as a trader in one of the top six banks in Canada for over 5 years.  He gained invaluable experience and insights into market psychology, trading technology, order flow management and was then hired to train thousands of financial advisers on investment strategies.

Then, he started the TRADEPRO Academy, a place where Georges aspires to educate and empower individuals to become successful traders.

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"You want to succeed in trading? Stay at it!" - Georges Papasov (Click To Tweet)

 

In This Episode, You'll Learn...

  • How Georges transitioned between markets to find his way
  • How to develop patience as a trader
  • How to prevent yourself from chasing trades
  • How Georges tracks his trades
  • One simple question you can ask yourself to stay out of bad trades
  • The skills you need to develop as soon as possible to move forward
  • 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!

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Nov 9, 2016

Trading Strategies For Trending Markets - Part 3

Trading Strategies For Trending Markets

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.

Part 1 is available here!

Part 2 is available here!

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 3 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a trending market. That can be a highly profitable type of trading, especially due to the fact that trends are usually strong in the Forex market.

 

What's Covered In This Episode?

  • How to identify a trend
  • What areas you can consider trading in a trend
  • The indicators that can help you trade pullbacks/retracements
  • What to expect in trend trading
  • Keys to make any trading strategy more profitable
  • 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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Nov 7, 2016

Timothy Sykes: How To Turn $12,000 into $2,000,000 & Perform Like A Trader

In episode 65 of the Desire To Trade Podcast, I interview Timothy Sykes, a stocks trader, world traveler and teacher. He has made a massive impact and contribution to the trading education worldwide by having thought over 6,000 students to trade penny stocks. Timothy has been one of the traders I looked up to as I opened my first trading account.

His opening quote hit me. According to Timothy, we make things way more complicated than they are and we spend a lot of valuable time caring about unnecessary details. Like me, however, Timothy is of the opinion that there are no get-rich-scheme. He attributes hard work & dedication to his success in penny stocks trading.

What is fascinating with Timothy is that he records a video for his students almost daily (even while traveling). Upon recording this interview, Timothy just got back from the Amalfi coast, one of the places he frequently travels to. There's something to be mentioned about the great lifestyle and freedom Timothy has been able to build from trading.

 

In This Episode, You'll Learn...

  • How Timothy went from $12,000 to $100,000 to then $2,000,000.
  • How any trader can trade and travel fairly easily!
  • How Timothy detects the right stocks and trades them.
  • The REAL reason why Timothy posts about his lifestyle (cars, trips, money, etc.).
  • How to push yourself to grow as a trader.
  • 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

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Nov 2, 2016

The Guide To Forex Trading Strategies - Part 2

Show notes: http://www.desiretotrade.com/guide-to-forex-trading-strategies-part-2/

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.

Part 1 is available here!

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 2 of the Guide To Forex Trading Strategies, I'm explaining how to trade in a sideway market. That is where I do most of my trading. I explain how you should go about trading breakouts and reversals and the type of indicators I use to trade in that environment.

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