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

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: April, 2017
Apr 27, 2017

Several months ago, I stopped using my favorite charting platform - Meta Trader 4 at the time - to do all my technical analysis on TradingView. After being asked on several occasions, I thought it was time for me to come up with a TradingView review and to discuss the things I like and don't like about the online charting platform.

What Is TradingView?

To start with, I just want to ensure I eliminate the confusion about what TradingView is and isn't. In short, it's an online portal with charts...but it doesn't stop there. TradingView is an entire social/trader's network where anyone can publish a trade idea.

For some notable people to follow (if you have any recommendations, let me know!):

The first thing I must point out is that TradingView is accessible pretty much anywhere (by that I mean it isn't blocked in China, and you can access it even from a mobile device).

3 Reasons To Use TradingView

Ability To Draw Anything On Any Chart

TradingView Review - Draw on charts

I'm a really visual person, and I felt kind of limited by the idea that I could only draw horizontal/vertical lines in Meta Trader 4.

I know there are a couple of different shapes and other tools in Meta Trader, but TradingView is way ahead.

Whenever I want to explain something to someone or draw for my own reference (where I think the price will go), I take the pen inside TradingView to draw freely.

Not only that but literally all the trading tools you could ever think of placing on your chart are there. Not that I'm a fan of complicating things, but I know people who have complicated trading styles.

Although it can be challenging to draw with a computer mouse, you end up getting used to it, and that allows you not to forget anything anymore.

Ability To Split Your Screen Into Many Synced Up Charts

TradingView Review - Multiple Charts

Depending on your trading style, you might need to look at multiple time frames prior to entering a trade. 

That can be a real pain! Often you need to click a button and switch back and forth between the time frames. Or, you can open up multiple charts in advance, in which case your drawings/indicators will only appear on one chart.

TradingView makes looking at the timeframes much easier by allowing you to see multiple charts on the same screen.

What's even better is that your drawings can be synced up on all charts if you choose to. 

Then, whenever you look at various currency pairs from your watchlist, you can lock the timeframes you selected so that they remain the same whatever you look at. 

That's probably my favorite thing in TradingView! But there's one more thing I want to mention...

 

Accountability By Publishing Your Trade Ideas

TradingView Review - Accountability

Accountability is precious. I've personally seen traders significantly improved when they started sharing what they were doing with other traders. 

Some experienced traders even go as far as sharing their stats every month with their wife or husband. That way they feel accountable to someone, and it pushed them to work harder.

What's great is that, in the case you don't have anyone to keep you accountable, the online world becomes an amazing resource.

TradingView has a social function through which you can publish trade ideas. Those ideas are images of potential trades based on your analysis. Publishing those trade ideas forces you to make sure that you respect the analysis part of your plan. 

And the fact that TradingView is such a big platform makes it very likely that people will interact with your trade ideas, perhaps creating an opportunity for you to learn from other traders as well.

 

3 Reasons Not To Use TradingView

You Have To Pay For Some Basics Features

As TradingView offers some amazing features, a fraction of them is reserved for paid members. For instance, a screen with multiple charts will require you to purchase a Pro subscription

For me, that's not much of a problem because I expect I'll need to pay if I want a very solid tool. However, it has to be mentioned as one of the reasons new traders may abstain from using TradingView.

You'll Need To Have 2 Platforms At All Times

TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.

That means you'll be required (pretty much all the time) to use your broker's platform in addition to TradingView. It can be a bit confusing at first, especially when you're used to doing everything with one platform.

Charts Don't Always Sync Up

One of the troubles I have seen on TradingView is that you never really know whether the drawings you made on your chart got saved. Sometimes, closing your browser too fast makes you lose all your recent analysis work. 

 

TradingView Plans

Right now, TradingView offers 4 plans with different advantages.  Although I am aware that these plans might change, here's a quick breakdown of what they include at the moment:

  • Free: good for one chart at a time with indicators.
  • Pro: great option to start and add a few more features to your experience (at $9.95/month)
  • Pro Plus: pretty much all the features a trader could need and it's unlimited (that's the plan I'm on)
  • Premium: includes a couple of fancy features such as SMS alerts

TradingView Plans

 

Is TradingView For You?

For me, I think it became a must. When I travel, there's no way I'll run Meta Trader 4 on my Mac as it consumes way too much battery. Having a website I can easily access makes it easier to load a chart quickly and close it whenever I want. I can draw anything and share it with "anyone" (I include my trading journal in 'anyone').

However, if you're always trading at home or on a PC, TradingView might not mean the same thing. It's up to you to see whether you'll truly benefit from it - although I doubt you won't.

You Turn...

I hope this TradingView review has helped you understand what that tool was all about. I could go on and on talking about the things I like about the platform, but there are also other things not to like. That's why I need your help!

Are you an active user of TradingView? What do you like/dislike about it? Comment below and we can chat!

Disclosure: I am not paid by TradingView to write this post. I just love the tool :) This post may contain affiliate links. I may receive a small commission if you choose to purchase something from a link we post. Don’t worry, it won’t cost you anything. This small percentage just helps me produce more content and shows me you care about what I do. I'll always appreciate your support!

Apr 24, 2017

In episode 89 of the Desire To Trade Podcast, I interview Mandi Pour Rafsendjani, a trader & coach that was recommended to me by a listener of the podcast.

Mandi shared some really important insights on what she considers to be the pillars of your success in trading. She has already helped and coached a lot of traders by showing them why they act a certain way and how to evolve to the next level of trading. 

What amazes me the most is how Mandi simplifies the things that make traders successful into a 3-part framework, which she detailed during the interview. 

More About Mandi Pour Rafsendjani

Mandi Pour Rafsendjani has been an active trader in the financial markets for over 15 years, trading a variety of instruments such as Equities, Futures and CFD’s (SNP500, Dow Jones [Emini], XJO, DAX, Commodities and Forex).


Today she is not only an active trader specializing in the German DAX and Forex, she is also a highly trained coach helping traders worldwide on the subjects of Trading Performance, Strategy Improvement, Increasing Profits, releasing Blockages around Money and Self-Sabotaging Behaviour, applying cutting edge tools from Neuro-Linguistic Programming (NLP), Meta Dynamics ™, Neuro-Science and Behavioural Finance blending in elements from Buddhism, Mindfulness and Yogic Principles.

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! Top Quotes From This Interview

"Every successful trader has a dark past & every losing trader has a bright future."

"Tell me your goals and I know your dreams, tell me your standards and I know what you'll achieve in life."

"Be efficient with your time and show kindness to others."

In This Episode, You’ll Learn…

  • What a trading strategy should be composed on.
  • How to really trade for your personality.
  • What the 3 pillars of your success in trading are.
    • Mindset, Behavioral finance, Performance.
  • How to work on each pillar of success.
  • How to focus on the process.
  • The importance of not getting down on yourself for the lack of success.
  • How you do one thing is the way you do everything.
  • And much more!

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Resources Mentioned In This Episode

DesireToTRADE’s Top Resources

How To Find Mani Pour Rafsendjani?

Apr 17, 2017

In episode 88 of the Desire To Trade Podcast, I interview Zaheer Anwari, a Forex trader specialized into Forex long-term trend trading based in the UK.

Zaheer is of the opinion that traders can exponentially increase their trading returns by trading multiple markets. The goal is to focus on where the movements are happening (where there's a high volatility).

More about Zaheer Anwari

Zaheer Anwari is a full-time trader. Using technical analysis, he has mastered how to repeatedly take advantage of long -erm trends in minutes a day using the daily and weekly time frame. His journey from novice to full-time trader is attributed to the time spent and knowledge gained from his.

 

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! Top Quotes From This Interview

"The stock market is device for transferring money from the impatient to the patient" - Warren Buffett

"Seek knowledge over marketing." - Zaheer Anwari

In This Episode, You’ll Learn…

  • How Zaheer looks at multiple markets to trade
  • What the day of a Forex long-term trend trader looks like
  • Zaheer Anwari's Forex long-term trend trading strategy
  • Things you can do when the market isn't moving much
  • What are the advantages of holding trades for a longer period
  • Where people get it wrong when it comes to Forex long-term trend trading
  • How to manage a trading watchlist
  • What a weekend analysis looks like for a Forex trader
  • What are some of the best tools to analyze how markets perform
  • How to get more of the right friends that will encourage you to succeed
  • And much more!

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Resources Mentioned In This Episode

 

DesireToTRADE’s Top Resources

How To Find Zaheer Anwari?

Apr 10, 2017

In episode 87 of the Desire To Trade Podcast, we discuss exactly what you need to know to increase your trading capital as I interview Forex trader Raj Turner based in Kingston, Jamaica.

More about Raj Turner

Outside his trading, Raj is a trained Engineer & Certified Supply Chain Manager. As a trader of the major pairs in the Foreign Exchange Market, he looks for swing trades (medium term) as that's what he believes to be most profitable. He got in the market or the first time about 10 years ago and has recently won 7x the TopTradr financing for $10,000

Learn About TopTradr

A couple of weeks ago, I was approached by someone from TopTradr and I liked the concept of their app, so I thought I'd include a small description of what they do with this podcast episode...

TopTradr is a companion app for your trading. It's designed to give you greater scope to realize your ambitions. By linking an MT4 account from one of their recommended brokers, the app ranks your profile versus other traders for a chance increase your trading capital and manage a $10,000 prop account. It's very easy to get involved: first create your profile, then link a trading account via a recommended broker and you can start trading.

>> Check Out TopTradr

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!

 

In This Episode, You'll Learn...

  • What a typical day looks like in the life of Raj
  • Managing to trade profitably with a full-time job
  • What TopTradr is about
  • The steps Raj had to go through to see consistency in his trading
  • The few things "hobby traders" have to overcome to get profitable
  • How to increase your trading capital progressively
  • The beauty of trading a bigger account
  • Simplifying your trading strategy to remember it easier
  • The power of being in a supportive community
  • 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 In This Episode

Risk Of Ruin Calculator: I use the one from Chris Capre all the time!

DesireToTRADE's Top Resources

About The Desire To Trade Podcast

Apr 3, 2017

Stefanie Kammerman: A Female Stocks Day Trader On Dark Pool Trading & Discipline

In episode 86 of the Desire To Trade Podcast, I interview Stefanie Kammerman, is the founder of  The Stock Whisperer Trading Company, a published singer/ songwriter, an educator, a coach and a trader. Her journey in trading started back when she and her friend decided to attend a traders' event that led her to engage trading travel, teach and gain more money.

Show notes: http://www.desiretotrade.com/stefanie-kammerman/

More about Stefanie Kammerman

In just a year, she mastered the overnight trading system with the best traders and learned not to think about the money, but to only trade correctly. In fact, her first year of trading she won the trader of the year award. Now, she is popularly known as "The Stock Whisperer", doing workshops, teaching beginners and veteran traders all over the world on how to swing trade through her online training room, The Java Pit.

Throughout this interview, Stefanie shows her love and passion to trade that makes her happy that she don't want to miss a single minute in trading and her priceless goal is to change people's live.

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!

 

Bullish above, bearish below, no thinking. @VolumePrintcess

@VolumePrintcess's advice: Enjoy the process.

In This Episode, You'll Learn...

  • How Stefanie come across the trading market
  • What is dark pool trading
  • $SPY: Massive Dark Pool Level
  • Why sometimes the market comes up or down so much
  • The things that she learned that makes her a successful trader
  • What was her best trade
  • Transition:  from a successful multi-trader to coaching and teaching career
  • The key to spotting dark pools
  • The suggested dark pool software to be used for those interested
  • The key to giving you a successful trading rate
  • How Stefanie deals risk
  • Factors you're going to look at when dealing risk
  • How to identify the past and present market
  • Why she loves the day trading
  • The hardest part she noticed for the new traders 
  • Patience: knowing when to enter and not to enter
  • Testing and strategy to make more money
  • The positive traits that must have as a trader
  • Boot Camp: Reboot traders
  • 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 Resources

How To Find Nenad Kerkez?

About The Desire To Trade Podcast

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