CLICK HERE TO MEET REIMA AT THE LONDON CONFERENCE

In this episode of Truth About FX, Walter is joined by a special guest who trades very similarly to him, Reima Huovinen. Being both stay-at-home traders, Walter and Reima dig into the bumps they had when they first started out in trading. Does the people around you really matter in terms of achieving your goals? And why is back-testing so essential to your success?

Reima talks bout how he built his confidence and his unique approach to trading.

Download (Duration: 49:00 / 56.0 MB)

In This Episode:

01:02 – unusual trading

03:54 – naked approach

05:15 – simplicity

07:39 – withstand tough times

09:49 – trading simulator

12:41 – work in progress

14:39 – extensive testing

16:49 – steady, constant growth

18:52 – stick to the major

20:28 – clever approach

23:54 – highly overrated

25:44 – backtesting mistakes

27:47 – mess up stats

30:00 – game changer

34:05 – quite opposite

36:45 – purely technical

40:58 – until it’s proven

44:07 – big impact

47:58 – eventual success

Tweetables:

Prove to them that you can do it [Click To Tweet]

Backtesting can really give you that confidence  [Click To Tweet]

Take a more disciplined approach  [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 trader who trades after my own, own heart. He has a very similar life to myself. Reima Huovinen is a stay-at-home trader. He has a style of trading that is quite unique as you’re going to find out today.

He’s also going to talk about the people who’ll affect your trading — and these people are very critical to your success, and you probably haven’t really thought in depth about the effect that they may have on you. He’s also going to talk about how he built his confidence up and why he trades in such an unusual way. All of these in this session. So, welcome, Reima.

Reima: Hi, Walter. Thanks for having me here.

Walter: Reima, one of the interesting things, I suppose, about you is you — and I sort of have a similar life, I think. We both have a lot of time. We both have kids to look after, although yours are a little bit older and the way we structure our day is basically based on the fact that we trade higher timeframes.

So, can you talk a little bit about your trading day and what it’s like? How you got to that point, I suppose. I suppose a little bit of background would be great on how you found trading and then why you’ve settled on this style of trading for yourself.