326: "Anyone Can Succeed In Crypto Trading" - Nick Bencino (@forex4noobs)

Nov 29, 2021

"Anyone Can Succeed In Crypto Trading"

In episode 326 of the Desire To Trade Podcast, I interview full-time Forex & crypto trader Nick Bencino. As a pure price action trader, Nick is a big believer in trading support and resistance areas in the cryptocurrency market. He shares his entire price trading process in this video!

Watch: video interview!

In This Episode, You'll Learn...

• 0:15 Intro
• 0:34 What has happened with Nick Bencino since the last interview with Etienne
• 1:49 Why Nick decided to completely transition to Crypto and leave Forex Trading behind
• 5:15 How Nick filters what Cryptocurrencies to trade
• 9:21 What trading style does Nick use to trade crypto
• 11:06 How Nick deals with the risk of crypto projects going to 0
• 12:35 How Nick decides how much to risk on any given project
• 16:54 Is a lot of research on a crypto project necessary to trade crypto?
• 21:28 What is Nick's preferred active trading timeframe (screen share)
• 24:20 How Nick decides his stop losses for crypto trading
• 28:13 How Nick decides his take profit for crypto trading
• 31:08 How Nick shorts the market
• 34:04 How Nick manages his time when actively trading cryptocurrencies
• 39:10 Why crypto markets trading 24/7 can be really bad for traders
• 42:15 What crypto broker Nick recommends
• 45:12 Where can you find Nick Bencino
• 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

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • AxiTrader (use our link to get a special bonus)
  • EightCap (preferred Crypto and FX Broker)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
• Subscribe via Stitcher
• Subscribe via TuneIn
• Subscribe via Google Play
• See all podcast episodes

How To Find Nick Bencino?

• Forex4Noobs
• Twitter @forex4noobs

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!