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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: July, 2017
Jul 31, 2017

The Fascinating Story Of An Institutional Forex Trader – Show Notes

In episode 103 of the Desire To Trade Podcast, I interview Forex trader Tony Sycamore, an ex-institutional trader with a fascinating story in the market.

Watch the video interview with Tony Sycamore

Tony started studying technical analysis more than 20 years ago while working for Macquarie Bank on the floor of the Sydney Futures Exchange (SFE). That was where Tony’s passion for the markets was fuelled.

In 2003, his ongoing study of markets and technical analysis enabled him to become part of the Proprietary Trading Group at Goldman Sachs. Tony was fortunate enough to learn from working with and watching some of the best financial minds in the business. Trading mainly foreign exchange (FX), he posted strong returns on capital, in particular in 2007 and 2008, before leaving the firm in 2009 to transition into FX sales with BNP Paribas (BNPP). He has spent the last five years at Commonwealth Bank of Australia (CBA).

While at CBA and BNPP, Tony wrote and published the Weekly FX Technical Report containing technical analysis, trade ideas, and opinions. The report earned a strong following from a variety of clients, including fund managers, hedge funds, balance sheets, central banks and large corporates all over the world. 

I personally found it very interesting to speak with Tony and to discover more about the world of an institutional Forex trader and how Tony was able to make his mark in it.

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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“Every battle is won before it's ever fought.” – Sun Tzu

“When you marry technical analysis to fundamental analysis, that gives you a very strong edge.” – Tony Sycamore

“If you look off to your downside, your upside will take care of itself.” – Tony Sycamore

In This Interview, You'll Learn…

  • What made Tony pick Forex as the market to trade
  • How & why focusing on technical analysis makes you stand out
  • The differences between trading on your own and for an institution
  • The role of correlation analysis for an institutional Forex trader
  • Timeframe transitions Tony Sycamore went through over time
  • From Rugby to Forex trading
  • How to react when your view of the market is tested
  • How and why to create new trading strategies over time
  • What should your focus be in this new trading/finance industry
  • How to decide what to trade in the Forex market
  • What indicators technical institutional Forex traders look at
  • Why a return of 25% per year is awesome
  • The typical win rate of an ex-institutional Forex trader
  • The worst month to trade
  • What's unique with Tony Sycamore's trading
  • And much more!

DesireToTRADE Top Resources

How To Find Tony Sycamore?

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!

Jul 24, 2017

Massive Success As A Digital Nomad Forex Trader – Show Notes

In episode 102 of the Desire To Trade Podcast, I interview Forex trader Navin Prithyani, a digital nomad Forex trader who I had the chance to meet in Bangkok, Thailand to record this episode.

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.

It was nice connecting with Navin as we share a common vision for the trading education industry. We both want to make a positive impact. In addition, both Navin and I met our mentors in unexpected circumstances.

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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“Learn from your mistakes and do not give up!” – Navin Prithyani

“The reason it took me 6-7 years is: I kept changing my system.” – Navin Prithyani

In This Interview, You'll Learn…

  • How Navin started in trading - by looking for Forex signals
  • The basis behind Navin's technical analysis
  • Navin's trading style today and how it evolved
  • The definition of real supply and demand in the Forex market
  • How to break the psychological barrier that prevents to scale up your trading
  • The power of proper journaling in trading
  • What is the utility of courses in the Forex trading industry (there are so many of them!)
  • How the mentality of most Forex traders is preventing you from succeeding
  • Some keys to trading while traveling
    • Having a morning routine
    • Not looking too much at the charts
  • How most traders miss the big moves in the Forex market
  • The work you must do to see a difference in your trading
  • Whether Navin regrets dropping out of college
  • And much more!

Resources Mentioned

DesireToTRADE Top Resources

How To Find Navin Prithyani?

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!

Jul 17, 2017

Street Smart: Adventures on the Road and in the Markets – Show Notes

See in your browser: http://desiretotrade.com/101/

In episode 101 of the Desire To Trade Podcast, I interview legendary investor Jim Rogers, a man with an immense passion for the markets and the discovering world. 

Mr. Rogers has been listed in the Guinness Book of World Records twice: once for his 1990-92 world trip covering 100,000 miles across six continents on motorcycle and next for his world trip from 1999-2002 (through 116 countries in a custom-made Mercedes).

Jim Rogers is the author of multiple books, including Street Smart: Adventures on the Road and in the Markets. That book had a big influence on me as Jim describes his experience of traveling through the world while running a hedge fund. It was particularly inspiring to hear about Jim Rogers' adventures around the world, as well as his opinion of Asia vs. America.

Today, Mr. Rogers offers multiple conferences a year, a lot of them being in China. His website contains an updated schedule of his next destinations.

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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"Think independently" - Jim Rogers (click to tweet)

"If you don't know anything to do, do nothing." - Jim Rogers (click to tweet)

"I don't look at technical analysis. I don't really know how." - Jim Rogers

Questions/Topics Covered…

  • Why Jim Rogers moved to Singapore 10 years ago
  • How Mr. Rogers has learned from the market instead of school
  • The lessons Mr. Rogers learned early-on in the markets & why this was a good thing
  • How Jim Rogers survived after losing everything in the market
  • How to spot opportunities in the market
  • Jim Roger's view of Asia & specifically China
  • What to do when traveling to learn from the place you are at
  • How to do strong research for investing
  • The best way to learn according to Jim Rogers & how to keep going
  • The benefits of traveling & the worst times
  • And much more!

Books by Jim Rogers

1994: Investment Biker: Around the World with Jim Rogers.

2003: Adventure Capitalist: The Ultimate Road Trip.

2004: Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

2007: A Bull in China: Investing Profitably in the World's Greatest Market.

2009: A Gift to My Children: A Father's Lessons For Life And Investing.

2013: Street Smarts: Adventures on the Road and in the Markets.

DesireToTRADE’s Top Resources

How To Find Jim Rogers?

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!

Jul 10, 2017

Success of a Forex Price Action Day Trader – Show Notes

See in your browser: http://desiretotrade.com/100/

In episode 100 of the Desire To Trade Podcast, I sit down with Kim Krompass for a follow-up interview. She previously appeared in episode 46 of the podcast.

Kim Krompass is a Forex price action day trader living in California. She is a great example of what a good day trader is by carefully getting prepared every morning for the trading day.

For this second interview, I wanted to get more details on things that have made Kim a successful Forex day trader. We focused a little more on the tool Kim uses as well as what she thinks aspiring Forex day traders can do to start seeing more results.

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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"Consistency as a trader is a state of mind. Once you understand, that's the day you start to turn around." - Kim Krompass (click to tweet)

Questions/Topics Covered…

  • What is new since the last interview? Has anything changed?
  • What does your day trader morning routine look like?
  • If you were to travel, how would you adapt your day trading activities? Would it be different?
  • What is your favorite trade setup? 
  • How do you handle the bad days that come with trading?
  • As an educator, would you be willing to share your trading results? If not, why? 
  • Do you believe in the value of trading signals?
  • Why do you think some traders still don’t succeed after taking on a trading course/program?
  • And much more!

Resources Mentioned

Kim Krompass' trading journal:

Kim Krompass' trading journal explained

An example of trading results:

https://twitter.com/priceactionkim/status/877619493060591616

Price Action Trader Institute Special Offer

By entering the promo code DTT10OFF, you will get 10% off the membership for the PATI membership.

To Join the PATI Membershiphttps://priceactiontradersinstitute.com/register/pati-full-membership/

DesireToTRADE’s Top Resources

How To Find Kim Krompass?

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!

Jul 3, 2017

Mastering Trading Fundamentals – Show Notes

See in your browser: http://desiretotrade.com/099/

In episode 99 of the Desire To Trade Podcast, I interview Troy Bombardia, a hedge fund manager who trades the S&P 500 ETF's based on quantitative models that combine fundamentals and technicals.

 

What I like a lot about Troy is his emphasis on not being concerned too much by short-term returns. He, with the help of his model, places very few trades a year and has a strong focuses on the long. 

Troy came on the podcast to share about what it's like to run a hedge fund as well as how to interpret the markets (Stocks & Forex) with a fundamental perspective.

He described very clearly how someone can start mastering trading fundamentals in the Forex market by looking at one simple thing: the money flow. In other words, where the money is going.

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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“Work hard, it's not how smart you are. It's about how hard you work” – Troy Bombardia

“If you're not really sure about a trade, don't take that trade.” – Troy Bombardia

In This Episode, You’ll Learn…

  • Starting to trade in high school
  • How Troy manages his trades to capture the big market movement
  • What made Troy decided to go long-term trading the S&P index
  • How to adapt to the currency market & mastering trading fundamentals
  • The Fundamentals you need to understand in Forex
  • How to define the long-term direction of the market & benefiting from it
  • The resources to get your news whenever you need them
  • And much more!

Books Recommended

Market Wizards: Interviews With Top Traders by Jack Schwager

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle

Reminiscences of a Stock Operator by Edwin Lefevre

DesireToTRADE’s Top Resources

How To Find Troy Bombardia?

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!

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