Apr 25, 2016
Episode 37 of the Desire To Trade Podcast features Ryan Herron, a binary option and Forex trader.
HIs story of how he became a profitable trader is very interesting due to the fact that he blew up 9 accounts but kept going. He could see a progression in his results, which made him think that by staying in trading, he would eventually make it. And he did!
During this interview, Ryan and I discussed the fact that, while most traders are looking to get rich overnight, the right amount of action over a longer period of time is required. An aspiring lawyer or doctor must go through a long education process and spend a lot of money. Why would aspiring Forex traders avoid that?
Ryan mentioned the importance of focusing on ONE THING (one strategy or way of doing things). Then traders must not forget what comes after: being comfortable trading that one strategy. That strategy can be created or learned from someone else. Through backtesting, we, as traders, ensure that we know exactly what to do upon trading for real.
Forex Tester 2 (affiliate link)
Forex Trading Strategy for Trending Markets (article I mentioned at the end of the episode)
Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/