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EP90: FX Accounts Manager And Trader
CLICK HERE TO MEET FRANK AT THE LONDON CONFERENCE
In this special episode of Truth About FX, Walter is joined by Frank Walbaum, who trades managed forex accounts. They talk about how Frank was able to transition himself from being a part-time trader into trading forex for a living.
Frank also shares how he handles some of his most difficult clients and why you should take a time-off from the charts.
Download (Duration: 55:27 / 63.4 MB)
In This Episode:
00:38 – transition
03:13 – burnt already
05:43 – get wiser
07:24 – upside down
10:02 – hands on
14:19 – totally non-sense
16:09 – initial approach
20:14 – back to reality
22:06 – mindset change
25:30 – mental blockage
27:02 – more adrenalin
30:34 – observe yourself
33:04 – quite quiet
36:00 – double-edged sword
38:55 – how to develop mindset?
40:27 – a gift
44:22 – sleep comfortably
47:09 – floating
49:46 – fixed star
52:03 – limit your risk
Tweetables:
Get your mindset right [Click To Tweet].
Always limit your risks [Click To Tweet].
Ride the trend or take the swing [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: Hi, there. It’s Walter! Today, we have Frank Walbaum. Frank was a trader who traded part-time while holding down a full-time job and he’s transitioned into managing accounts. Now, Frank is going to talk about how did he transition from part-time trading to trading for a living. He is also going to talk about difficult clients.
He is going to talk about when you should take a break with your trading. Also, how to adjust your life to your trading styles because that is really what it is all about and that is why most of us get into trading. So, tell us a little bit about how you get into trading, Frank.
Frank: Hi, Walter. Actually, great talking to you here. I got into trading when handling some currencies myself on behalf of my old company.
We were travelling a lot and my boss was saying, “Hey, Frank, we’ll give you some Euros. Can you exchange it for our next trip to Australia? We can possibly get some AUD for that one and just like calculate how much we need to pay for our upcoming travelling expenses and stuff.”
That is how I started pretty much with a hands-on approach. I took a couple of dollars, went to the local money changer here in Asia, and then exchanging the funds for our upcoming trip.
While traveling, just doing the receipts and stuff and coming back, I found that there was a fluctuation. That was before the crisis in 2008 that was happening and I just found that “...
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By Walter Peters (FXJake) and Hugh Kimura (Trading Heroes)CLICK HERE TO MEET FRANK AT THE LONDON CONFERENCE
In this special episode of Truth About FX, Walter is joined by Frank Walbaum, who trades managed forex accounts. They talk about how Frank was able to transition himself from being a part-time trader into trading forex for a living.
Frank also shares how he handles some of his most difficult clients and why you should take a time-off from the charts.
Download (Duration: 55:27 / 63.4 MB)
In This Episode:
00:38 – transition
03:13 – burnt already
05:43 – get wiser
07:24 – upside down
10:02 – hands on
14:19 – totally non-sense
16:09 – initial approach
20:14 – back to reality
22:06 – mindset change
25:30 – mental blockage
27:02 – more adrenalin
30:34 – observe yourself
33:04 – quite quiet
36:00 – double-edged sword
38:55 – how to develop mindset?
40:27 – a gift
44:22 – sleep comfortably
47:09 – floating
49:46 – fixed star
52:03 – limit your risk
Tweetables:
Get your mindset right [Click To Tweet].
Always limit your risks [Click To Tweet].
Ride the trend or take the swing [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: Hi, there. It’s Walter! Today, we have Frank Walbaum. Frank was a trader who traded part-time while holding down a full-time job and he’s transitioned into managing accounts. Now, Frank is going to talk about how did he transition from part-time trading to trading for a living. He is also going to talk about difficult clients.
He is going to talk about when you should take a break with your trading. Also, how to adjust your life to your trading styles because that is really what it is all about and that is why most of us get into trading. So, tell us a little bit about how you get into trading, Frank.
Frank: Hi, Walter. Actually, great talking to you here. I got into trading when handling some currencies myself on behalf of my old company.
We were travelling a lot and my boss was saying, “Hey, Frank, we’ll give you some Euros. Can you exchange it for our next trip to Australia? We can possibly get some AUD for that one and just like calculate how much we need to pay for our upcoming travelling expenses and stuff.”
That is how I started pretty much with a hands-on approach. I took a couple of dollars, went to the local money changer here in Asia, and then exchanging the funds for our upcoming trip.
While traveling, just doing the receipts and stuff and coming back, I found that there was a fluctuation. That was before the crisis in 2008 that was happening and I just found that “...