CLICK HERE TO MEET JAMES AT THE LONDON CONFERENCE

In this episode of Truth About FX, Walter is joined by one the forum’s most popular members, James Kensington. They talk about James’ beginnings and how he founded the “Umbrella Fund” and “Incendium Fund”.

They dig into one of tradings biggest misconceptions: “If I trade full time, then I’ll earn more money.” And how this can really affect your results. James also shares about his trading lifestyle and “reward system.”

Download (Duration: 01:09:07 / 79.1 MB)

In This Episode:

00:53 – collection of toys

03:12 – from scratch

06:16 – a naked trader

08:51 – human factor

10:25 – impatience

11:09 – hard lessons

14:22 – money is precious

17:26 – emotionally destructive

19:31 – unchecked

21:36 – puppy next door

23:06 – bells and whistles

25:03 – life threatening

27:20 – pop belly

29:27 – misconception

32:01 – big grumbles

34:10 – less risky

37:40 – backwards engineering

39:50 – fish netting

42:23 – cycle traders

43:55 – secret sauce

45:10 – fish concept

47:45 – portfolio of strategies

50:18 – tool chest

53:00 – absolutely nowhere

56:02 – be picky

59:20 – thickheaded

61:46 – pump and dump

66:51 – a sponge

Tweetables:

Trade part time [Click To Tweet].

You’ve got to be able to accept losses  [Click To Tweet].

You have to be picky  [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: Today, we have a very special guest. This trader has been one — in the forum, probably — one of our most popular members because he’s been so generous with his time and has a great track record. One of the best track records of the traders in the forum.

Of course, I am speaking of James Kensington who has the Umbrella Fund and Incendium Fund which is correct, right James? You’ve been trading now naked for some time and I gathered from your collection of toys, you’ve been doing quite well.    

James: That is correct. Yes, I have been trading for quite a few years. I think you were just mentioning before 2010 and when your book got released out in 2012 but I have collected quite a few nice toys along the way.

I prefer to keep those under wraps if I can, that I won’t be giving you my license plates so I don’t get stalked. I am sure you’ve seen supercars in London, everyone  runs a ramtastic pictures with their cars there....