CLICK HERE TO MEET DENIS AT THE LONDON CONFERENCE

In this special episode of Truth About FX, Walter is joined by a colleague and a professional fund trader, Denis Switalski. They dig into the psychology of trading and how it differs for everyone, and support and resistance and how that reflects your life. Denis also shares his story of how he got the attention of three major private funds and his journey as a protrader.

You will also get the chance to a catch a glimpse of his most talked-about trading method among retail traders and how psychology plays a critical role in his success.

Download (Duration: 52:30 / 60.0 MB)

In This Episode:

01:29 – critical to success

04:10 – bias thinking

06:52 – systematic and discretionary

10:05 – mistake to browse

13:02 – feedback

16:22 – commission and activity

19:22 – raw behavior

22:32 – drawdown to solve

25:02 – same trade but different

28:06 – location

31:58 – universal concept

34:02 – chart popularity

37:27 – financially immature

39:49 – be prepared

41:42 – time consuming

45:20 – be skeptic

47:01 – infinite risk

48:47 – patience

51:10 – a little world

Tweetables:

Best advice: be a naked trader [Click To Tweet].

Be patient and build your own system  [Click To Tweet].

Success occurs when opportunity meets preparation

 [Click To Tweet].

Announcer: Sometimes, forex trading can be a wild and wooly place to be but, forex trading doesn’t have to be the bad lands for your partner. Instead, hunker down and bend your ear. You will be burning the breeze in no time here at the Truth About FX Podcast.

Walter: Welcome! It’s Walter and today we have a very interesting trader, Denis Switalski, who trades very similar to the way that I do. But, beyond that, I think that Denis has some really interesting things to say around the psychology of trading.

We are going to talk about the psychology of trading and how it differs, how what we want to do as traders is not always something that’s going to be the most profitable for us. Denis is also going to talk about support and resistance in the world and in the trading world in our charts and how that reflects throughout life.

He is also going to talk about how he got the attention of three private funds. Denis, today, is now a protrader and he’s going to talk a little bit about how that happened for him.

He’s also going to say a little bit about why he doesn’t listen to the comments that he gets from retail traders when they are talking about his method of trading. And, he’s going to show you little bit about the psychology of trading, the way that he does, and why this is so critical to his success. So, welcome to the podcast,