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


Nov 6, 2017

Forex Reversal Trader Habits, Mindset & Strategies – Show Notes

Forex Reversal Trader Habits, Mindset & Strategies – Show Notes

In episode 117 of the Desire To Trade Podcast, I interview Dale Pinkert, a Forex trader & host/mediator at Forex Analytix Community Experience (F.A.C.E.). He came on the podcast to share his story as a Forex reversal trader.

We jump into habits, mindset, and strategies that are essential to succeed in the Forex market.

Topics Covered In This Episode

  • The power of "social trading" and how you can use it to trade better 5:45
  • A powerful way to trade (knowing how to take the losses) 8:10
  • A piece of advice on not following too many instruments 11:20
  • How Dale Pinkert started to trade 11:40
  • How Dale learned trading 13:40
  • Wisdom on partial profits & stop losses 16:45
  • How Dale uses the RSI to trade 19:45
  • How to incorporate multiple time frames into your trading 22:45
  • How Dale develop his trading strategy (who taught him) 23:50
  • Some trading strategy ideas 26:00
  • How Dale plans his trades on the weekend 30:00
  • Morning routine (including waking up at 3:30am) 31:05
  • One thing Dale Pinkert still struggles with & how he solves it 32:30
  • How Dale confirmed his edge in the market (without backtesting) 37:00
  • Can you trade for a living with $10k? 40:20 
  • What Dale thinks of "educators that don't trade" 41:40
  • The #1 tactic to remain consistent over a long period of time 45:00

More About Dale Pinkert

Dale began his career in operations on the CME floor for Dean Witter when they traded currency futures on chalkboards. He became a licensed Series 3 broker in 1976 and went on to own and operate Pinkert Commodities GIB. He became a Member of the CME (IOM) Division for a stint and his forecasts have been aired on many Financial media including CNBC.

Dale has Coached/Mentored retail and prop traders and has gained a solid reputation for his work on the other side of the mic having interviewed over 700 of the best of the best in Trading.

 

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How To Find Dale Pinkert?

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!