CLICK HERE TO MEET RAUL AT THE LONDON CONFERENCE

In this special episode of Truth About FX, Walter is joined by one of the presenter at the conference, Raul Gonzalez. They talk about his trading journey and how he ended up being a flow trader.

Raul shares an important tip on placing stops, taking risks, and capitalizing. And, is it true that being a bank trader is better than being a private trader? How do banks trade forex?

Download (Duration: 49:00 / 56.0 MB)

In This Episode:

01:29 – flow trader

03:50 – the other way

06:03 – scrutiny

08:49 – not worthy

11:28 – little magnet

15:23 – start panicking

17:14 – boredom trade

19:07 – be cold and still

22:16 – the smile or the emotion?

26:30 – accountability partner

30:07 – accountability partner

33:37 – daily tolerance

35:50 – scandals

39:10 – redundancy

41:38 – pipeline

44:27 – amazing track records

47:20 – bombarde

Tweetables:

Live where you can enjoy the things that are fun [Click To Tweet].

It boils down to psychology  [Click To Tweet].

How much risk are you taking?  [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 here. Today, we have a very special guest. This is one of our presenters at the live forex conference in London in 2017. This is Raul. Raul, first of all, welcome and thanks so much for spending time here. It’s Raul Gonzales.

I know you’ve been trading for a long time, Raul, and you are currently trading for a bank. Is that right?

Raul: That is correct. Hi, Walter. Thank you for the invite. I am very happy to share my experience and my journey, if you like. Indeed, I am working for a bank. I’ve started… I’ve always been trading in London except for a two-year stint in Madrid.

I think I joined the markets in 1994. I’ve always concentrated and specialized in FX and money markets, short term rates, after 2 years. I’ve always been what you would call — I can explain this later — a flow trader. Whereas, the position I have now is more of a flow trader.

I’ve seen more customer flows and what I make is just in the back of the risk I take which makes it a bit more challenging, you could say. But, you don’t have to worry about a big customer flow, waking up in the middle of the night, because you have to come in first thing the next day to cover a big customer order.

It has it’s advantages and disadvantages. You have more freedom because if you do not take risk, you won’t make money.

Walter: Right. So,