Trading Psychology: Successful Trader Key | Forex Trader Motivation

Published on September 22, 2020

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FREE Case Study “Quitting Your Job To Trade Full-Time”: https://d2t.link/case-study

In this Forex Trader Motivation video, you’ll be hearing a compilation of advice on trading psychology and what some of the most successful traders in the world consider as the key.

Watch other videos in this series: https://www.youtube.com/playlist?list=PLwmpbNUnTt6gKTyI6GqMI3LDeAMacq0Ao

Interviews used for this Forex trader motivation video:
– Mandi Pour Rafsendjani: https://youtu.be/YEccarOZO0Q

– Louise Bedford: https://youtu.be/MvAk6ym3BpQ

SUBSCRIBE TODAY: https://goo.gl/4DpLu6

Want to look cool? Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7 (use the promo code YOUTUBE10)

// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete

// TRADING MUST-HAVE RESOURCES
Forex Broker: https://d2t.link/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal

// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/

// ABOUT ME
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 www.desiretotrade.com 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.

// AFFILIATE
The camera I use (Canon EOS M6) http://geni.us/9ZQgs
GoPro: http://geni.us/nIXw
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)

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AFFILIATE LINKS
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).

Trading Psychology: Successful Trader Key | Forex Trader Motivation, Forex Algorithmic Trading Keys

Forex Algorithmic Trading Keys, Trading Psychology: Successful Trader Key | Forex Trader Motivation.

Does algo trading work?

algo trading actually helps individual investor

Recommended Book for Automated Trading

Professional Automated Trading: Theory and Practice

Book by Eugene A. Durenard

Book - Professional Automated Trading - Theory and PracticeAn 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

The Ultimate Overview To Successful Algorithmic Trading

Virtually everyone who has set a computer to do
anything past outputting “Hey there Globe” has imagined having a computer algorithm (algo) working tirelessly to draw out cash from the financial markets, be it in stocks, bitcoin, soybeans or anything else traded on an exchange. “Configuring brilliant, market killer” is a phrase we had actually all like to be associated with. That is what a great algo investor is.
However exactly how practical is developing and releasing an electronic algo bot, or an army of robots, to generate income for you? As well as, presuming it can be done, exactly how do you actually set about doing it? This overview strolls you via the actions to coming to be successful at algo trading. However be warned it is a lot more involved and a lot more difficult than you may assume.

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The Basics What Are We In fact Speaking about?

Before we obtain also far, there is some terms involved in trading that will aid you understand algo trading. There are 3 main settings of trading. The first is discretionary trading, where a trader makes buy/sell choices based on any kind of variety of aspects, a few of which can be set, and others such as intuition and inklings which can not. Lots of discretionary investors stare at graphes or cost ladders on a computer display for hrs at a time, buying and selling as they go along.

The second kind of trading is algo trading. In years past, it was called mechanical, systematic, black box or guideline based trading. Currently lots of people refer to it as algo or algo trading, yet the idea has not changed. The core philosophy is that all the regulations for trading (the “trading system” or “trading technique”) are 100% defined, and purely complied with. This makes algo trading ideal for a computer to implement, and also run automated in real time without human intervention. One significant advantage of this style of trading is the regulations can be historically evaluated, known as a “backtest.” By running a backtest, you can gain confidence in a trading algo prior to putting cash behind it. If the regulations were not rewarding in the past, they likely will not be in the future!

The third kind of trading combines discretionary and algo trading. This is known as a crossbreed or gray box technique. For example, perhaps the entrances are based on a trader’s intuition, with only the leave regulations computerized.
For the discussion listed below, we will focus on the second technique pure algo trading – 100% computerized regulations for buying and selling any kind of tool. We will seek to algo profession on an exchange, which is just a physical or virtual setup where purchasers and vendors can implement trades.

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Why Should You Listen To Me?

Since we have fundamental terms down, you may be wondering why you should listen to me. First, I have been algo trading for over 25 years, and most importantly, not always successfully. Throughout the years, I have learned and get over the challenges in trading system design that pester numerous investors. This took years of hard work and tuition (losses) paid to the marketplace. However ultimately, I was able to make a go of algo trading, and ended up in 1st or 2nd location 3 years in a row in an around the world, actual cash futures trading competition, making over 100% in each of those years.
I was additionally able to accomplish the goal that tantalizes many part-time pastime investors – making the jump to full-time trading, which I still do today. In the process, I wrote 3 best marketing algo trading publications, and I share my experiences around the globe via workshops, classes and seminars.

So, in addition to my early trading failings, I have had confirmed trading success. That is important, because numerous trading teachers have never also traded successfully! The procedure I outlined later on in this article is truly from a person who has “existed, and done that.”

Find Latest Posts Related to Forex Algorithmic Trading Keys and Financial market news, evaluation, trading signals and Foreign exchange mentor evaluations.


Risk Warning:

All products listed on our website StockTradeForex.com are traded on leverage which indicates they carry a high degree of risk and you could shed more than your deposits. These products are not ideal for all capitalists. Please ensure you fully understand the dangers and meticulously consider your financial situation and trading experience prior to trading. Look for independent suggestions if required.


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