Using Trading Systems To Make A Living

In episode 203 of the Desire To Trade Podcast, I speak with Scott Welsh, a systems trader.

We discuss his story as a Forex trader as well as how he was able to develop simple systems to make a living in the market.

Are you ready for it?

 

Watch the video interview!

In This Episode, You'll Learn...

• Who is Scott Welsh and what he does? 02:16
• How Scott started trading 03:23
• How was the Scott's transition from Stocks to Forex 05:38
• Scott's main mistake when learning to trade 07:04
• Biggeset turning point in Scott's trading career 08:31
• How Scott handles long periods of profits or losses 12:08
• Why Scott loves to trade with algos 13:13
• How does Scott gets his systems programed? 15:45
• What is Scott's trading style 16:53
• What are the type of things that Scott's strategies look for 19:44
• How does Scott monitor and review his algo strategies 22:08
• Scott's advice for traders going into Algo trading 23:56
• How Scott goes from testing to trading his Algos 25:58
• What type of equipment and technology Scott uses to run his Algos 28:53
• Scott´s recommendations for all traders 31:14
• How Scott manages when Algos are not working well and have to be droped 24:23
• What Scott needs to trust his trading systems 36:59
• How can you find Scott Welsh 38:15
• 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!

Resources Mentioned

• Virtual Private Server (VPS): AccuWebHosting FXVPS
• VPN: Torguard VPN (use coupon code DTT10 for a 10% lifetime discount)

 

DesireToTRADE's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• DesireToTRADE Academy

How To Find Scott Welsh?

• Twitter
• Website

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