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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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Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
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Now displaying: January, 2017
Jan 30, 2017

Brent Penfold: The Universal Principles Of Successful Trading

In episode 77 of the Desire To Trade Podcast, I interview Brent Penfold, a futures trader based in Sidney, Australia.

Brent began trading when he joined Bank America as a trainee dealer in December 1983. It didn’t take much time for him to become fascinated with the markets.

These days, Brent is a licensed Futures Adviser, specializing in trading index and currency futures, but also trades a diversified portfolio of 16 markets across 8 market sectors. What’s most interesting about his trading style is that he is usually done trading by 9:30am and has the rest of the day to concentrate on his research.

I personally found out about Brent as I came across his book The Universal Principles Of Successful Trading, which I’d highly recommend.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

The best loser is the long-term winner. Embrace that! - Brent PenfoldCLICK TO TWEETUnderstand the risk of ruin, make it 0% & learn to be the best loser. - Brent PenfoldCLICK TO TWEET

In This Episode, You’ll Learn…

  • What are the universal principles of successful trading
  • What’s the principle of maximum adversity.
  • The single best measure you need to calculate about your trading.
  • The common sayings in trading that aren’t true.
  • Brent’s opinion on discretionary trading.
  • Brent’s simple trading routine (to be done by 9:30am).
  • Why you must step away from the screen.
  • Why you need to stop researching for strategies.
  • 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!

Brent Penfold’s Books

The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets

Trading the SPI: A Guide to Trading Index Futures in Australia

DesireToTRADE’s Top Resources

How To Find Brent Penfold?

About The Desire To Trade Podcast

Jan 23, 2017

Al Brooks: The Best Insights On Trading Price Action

In episode 76 of the Desire To Trade Podcast, I interview Al Brooks, who you could certainly describe as a professional trader since he left his career as an ophthalmologist several years ago.

Al’s is deliberately focused on trading price action. According to what he describes, he scalps the future market every weekday by reading candlesticks. He believes that there is “significance to every tick that takes place during the day and none of what happens is noise”.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

Price is truth!- @AlBrooksPA CLICK TO TWEET

Try to find a place in the trading world where you're happy. That should be the goal.- @AlBrooksPA CLICK TO TWEET

I looked at charts from 100 years ago and they are the same as charts today. - @AlBrooksPA CLICK TO TWEET

In This Episode, You’ll Learn…

  • Al’s story of going from ophthalmologist to professional trader.
  • The role of price action in a world with computers & algorithms.
  • What motivated Al to learn to trade.
  • How Al recommends going about leaving your job and trading full-time.
  • Why learning candlesticks alone won’t make you rich – and what to do about it.
  • How to use the market statistics to structure your trades.
    • Al shares very important percentages here!
  • Specific details you need to know when trading price action.
  • How Al’s trading differs in a trending market & a sideways market.
  • 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!

Al Brooks’ Books

  1. Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  2. Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  3. Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
  4. Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader

DesireToTRADE’s Top Resources

How To Find Al Brooks?

About The Desire To Trade Podcast

Jan 16, 2017

Rob Booker: Are You Looking To Trade For Profit Or For Action?

In episode 75 of the Desire To Trade Podcast, I interview a guest that had to be on the podcast a long time before: Rob Booker. Rob is a Forex trader who has been featured in Millionaire Trader, a book by Kathy Liens.

Rob has been trading for the past 17 years and is a fellow podcaster. He has hosted the Traders Podcast, which has over 500 episodes destined to help traders live better and trade more profitably.

In the past few months, Rob Booker has shifted his trading from manual to algorithmic, by relying on robots to enter & exit his trades. This has been one of his great challenges, but Rob accepted it, and now start seeing the benefits of using robots to accomplish his trading on a daily basis.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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Stop learning how to trade and start making money. - @robbooker CLICK TO TWEET

Every trading system is terrible at something. - @robbooker CLICK TO TWEET

We overestimate what we can do in 1 year and we underestimate what we can do in 7 years. - @robbooker CLICK TO TWEET

In This Episode, You’ll Learn…

  • How Rob made most of his money in the Forex market.
  • The secret behind Rob’s high level of energy.
  • Why you need to accept being a beginner again.
    • Rob is a great example of accepting that.
  • The myth of “the one BIG trade” that makes you rich.
  • How Rob has been able to save a lot of time.
  • The dangerous reality of changing your strategy too often.
  • How to accept the downside of your trading system.
  • Everything behind Rob Booker’s transition to algorithmic trading.
  • The way in which Rob sees trading plans.
    • They aren’t plans, they are habits!
  • Why you need to be absolutely honest with yourself.
  • 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

The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results (I personally highly recommend this book!)

Rob Booker’s Book

Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing

DesireToTRADE’s Top Resources

How To Find Rob Booker?

About The Desire To Trade Podcast

Jan 12, 2017

In this Q&A episode, I discuss how someone can better trade with a full-time job. That involves knowing how to best manage your time and implementing a few things to make sure you remain effective.

2 Tips For Trading With A Full-Time Job

Most people starting off in Forex trading don't have the chance to trade full-time from day #1.

Tip #1: Establish A Solid Schedule And Block Off Time

The first to trade while having a full-time job is to spend some time planning how you'll spend your time. I discuss how I block time off in my calendar constantly. That is very important for me to stay focused.

Tip #2: Prepare, Trade, And Review Every Time

While it can be easy to show up, trade, and leave, that is a sure way not to move forward. As a trader of any kind trading with a full-time job, you must combine 3 major activities.

Even if you prepare or review for 5 minutes, that's still a good start!

The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast.

Jan 9, 2017

Raghee Horner: Forex On 5 Hours A Week For Maximum Profit

In episode 74 of the Desire To Trade Podcast, I interview Raghee Horner, a Forex trader who specializes in intraday trading and has helped a lot of people simplify their trading.

Raghee has gained a lot of experience through nearly 30 years in the market. She has gone from futures and stocks trading before finally getting in the Forex market.

She is of the opinion that a trader is, before all, an entrepreneur. That is a very important distinction because there are still things that must be done outside of placing trades to survive in this industry.

For this new year, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

Ask yourself: do I really want to be a day trader? If so, go for it! - @ragheehorner

A trader is an entrepreneur. - @ragheehorner

Keep it simple...(the best trading advice)- @ragheehorner

In This Episode, You’ll Learn…

  • How Raghee went from knowing nothing about Forex to trading Forex full-time.
  • How to deal with the transition from the London to New York session.
  • The tools Raghee uses to trade.
  • Why it’s crucial to know when your strategy works – and how to do it.
  • The simple question you can ask yourself to figure out when to trade.
  • How Raghee sees day trading in comparison to swing trading.
  • The 2 biggest mistakes Raghee sees her students make.
  • How to use self-awareness in 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!

Raghee Horner’s Books

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

DesireToTRADE’s Top Resources

How To Find Raghee Horner?

About The Desire To Trade Podcast

Jan 5, 2017

In this Q&A episode, I discuss the process of making your trading strategy better and I also do a review of my trading year.

The Trading Year In Review

It is very important for any trader to look back at the year that went by to evaluate things that went well and things that didn't go very well.

Personally, I'm proud of the capital I've been able to collect in 2016 through a few investors. However, I'm not particularly happy with how I handled my July 2016 drawdown.

On the positive side, I see this drawdown as a great learning opportunity.

Making Your Trading Strategy Better

Personally, every strategy I currently trade is composed of 4 parts:

  • Market phase
  • Support/Resistance areas
  • Price action (including but not limited to candlesticks)
  • Indicator

All those factors, when combined, create confluence. Making your trading strategy better involves looking at the 4 parts mentioned above and adding criteria to limit yourself to trading higher quality trades.

The advice shared in my Facebook Live Q&As are based on my own experience and the interviews I had with multiple successful traders on the Desire To Trade Podcast.

Questions Answered:

  • How can I improve my strategies?
  • I trade with the 8 EMA and buy/sell when the price crosses it. What do you think of that?
  • What's the best amount of leverage to use?

 

 

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 Resources

About The Desire To Trade Podcast

Jan 2, 2017

Michael Toma: Master In Risk Management & Futures Trader

Episode 73 of the Desire To Trade Podcast is starting off the year strongly! I'm planning on bringing you the best trading-related podcast that gives results.

Still, as part of the Holiday special, I'm interviewing for the second time Michael Toma. I selected guests that had made an impact on me throughout the year and Michael was definitely one of them.

In short, Michael Toma is a futures trader and I consider him to be a master when it comes to risk management (although that's a wide topic)

>> Listen to the first episode with Michael Toma

I've had the chance to connect with him in person once and Michael always impresses me by the wisdom he has when it comes to the execution part of trading. As a futures trader, he understood that he didn't need to be active in every market to make money but that he did need to leave his trades run if he wanted to pay for his lifestyle.

For this new year, I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

 

In This Episode, You'll Learn...

  • A simple and clear definition of your role as a Forex trader.
  • How to identify what you need to work on as a trader.
  • Trading on-the-go and the importance of simplicity.
  • How to use Market Profile in your trading (that's a really interesting part!)
  • The places where Michael sees most traders fall short.
  • Why it is essential (but weird) to scale up by increments when you trade.
    • Michael and I share both of our experiences.
  • The BEST advice Michael has to give in regards to 2017.
    • That starts off the year really strong!
  • 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!

Michael Toma's Book

The Risk of Trading: Mastering the Most Important Element in Financial Speculation

Resources Mentioned

  • Market Profile

DesireToTRADE's Top Resources

How To Find Michael Toma?

About The Desire To Trade Podcast

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