Algorithmic Traders Confessions | Forex Trader Motivation

Published on April 4, 2022

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? FREE Case Study “Quitting Your Job To Trade Full-Time”:

In this video part of the Forex Trader Motivation series, you’ll hear stories & tips from algorithmic traders. These interviews come from the Desire To Trade Podcast.

Watch the full Forex trader Motivation Series:

Complete interviews used for this Forex Trader Motivation video:
– Scott Welsh:
– Kevin Davey:

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Twitter: @desiretotrade
IG: @etiennecrete

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My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

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.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

The camera I use (Canon EOS M6)
The tripod I use: Sirui 3T-35K
What I use to edit: Final Cut Pro (Mac)

Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

Algorithmic Traders Confessions  | Forex Trader Motivation

Algorithmic Forex Trading Platform, Algorithmic Traders Confessions | Forex Trader Motivation.


Do quants make a great deal of cash?

Quants are not going away. Really, quants will probably make even more cash as transactions get a lot more made complex. In terms of cash, I predict that there will certainly be a lot more difference in the revenue as the genuine great quants get paid extremely well and also the various other quants will certainly still get an excellent pay.

Recommended Book for Automated Trading

Professional Automated Trading: Theory and Practice

Book by Eugene A. Durenard

Algorithmic Traders Confessions  | Forex Trader MotivationAn insider’s view of how to develop and operate an automated proprietary trading network Reflecting author Eugene Durenard’s extensive experience in this field, Professional Automated Trading offers valuable insights you won’t find anywhere else. read more…

Originally published: 2013
Author: Eugene A. Durenard

Benefits of algorithmic Trading
Algo-trading provides the following advantages:

Trades are carried out at the best feasible rates.
Trade order placement is instantaneous and also precise (there is a high chance of execution at the wanted levels).
Trades are timed correctly and also immediately to avoid significant rate adjustments.
Decreased purchase prices.
Simultaneous automated look at several market problems.
Decreased danger of hands-on mistakes when placing professions.
Algo-trading can be backtested making use of available historic and also real-time data to see if it is a practical trading approach.
Decreased the opportunity of errors by human investors based upon emotional and also psychological aspects.
Most algo-trading today is high-frequency trading (HFT), which tries to capitalize on placing a a great deal of orders at rapid speeds throughout several markets and also several decision parameters based upon preprogrammed guidelines.

Algo-trading is made use of in several forms of trading and also financial investment activities including:

Mid- to long-lasting investors or buy-side companies– pension plan funds, mutual funds, insurer make use of algo-trading to acquire supplies in large amounts when they do not wish to influence supply rates with discrete, large-volume investments.

Short-term investors and also sell-side individuals market makers (such as brokerage firm houses), speculators, and also arbitrageurs gain from automated profession execution; furthermore, algo-trading help in developing sufficient liquidity for sellers out there.
Organized investors fad fans, hedge funds, or sets investors (a market-neutral trading approach that matches a lengthy setting with a brief setting in a pair of highly correlated tools such as two supplies, exchange-traded funds (ETFs) or currencies)– find it much more effective to set their trading regulations and also allow the program profession immediately.
algorithmic trading provides a much more methodical strategy to energetic trading than techniques based upon trader instinct or reaction.

Find Trending Videos Top Searched Algorithmic Forex Trading Platform and Financial market news, analysis, trading signals and also Forex mentor testimonials.

Risk Notice:

All products listed on our website are traded on take advantage of, which means they lug a high degree of risk and also you can lose greater than your down payments. These products are not suitable for all investors. Please ensure you fully comprehend the threats and also meticulously consider your economic scenario and also trading experience prior to trading. Look for independent guidance if essential.

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