On this episode of Tech Guys Who Invest, we talk to Etienne Crete about Forex trading. Forex, or foreign exchange trading, involves trading currencies. Etienne has achieved financial independence through Forex trading and he shares insights with us about this type of investing.

 

About our guest

Etienne Crete is a swing trader who helps aspiring Forex traders develop a trading method that works for them so they can produce income, allowing them to live with more freedom.  From Montreal, Canada, Etienne escaped the rat race of a day job through investing, and now he invests professionally and travels the world. He was living in Asia during the recording of this podcast.

 

Discussed in this episode:

• How currency trading works
• What Forex is
• Currency pairs, barriers to entry, accessibility
• The risks of trading
• The misconceptions of trading
• Is trading different than trying to time the market?
• Is trading investing? 
• Tax considerations as a Forex trader 
• Using leverage to trade
• What you need to get started
• How to deal with failure
• The importance of giving back

 

Referenced in the show:

• Youtube - Etienne Crete Channel
• DesireToTrade.com
• Tech highlight: Algo = Algorithm