Truth About FX

EP96: Profitable Trading System through Money Management


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CLICK HERE TO MEET GONCALO AT THE LONDON CONFERENCE
In this episode of Truth About FX, Walter and Goncalo Moreira from FXStreet talk about how this special guest’s artistic touch gave him a unique perspective in trading. They dig deeper into technical analysis and how human nature relates into price actions and market patterns.
Goncalo also shares his journey and his dedication to ignite potential especially from newbie traders.
Download (Duration: 50:43 / 58.0 MB)
In This Episode:

01:43 – a unique background

05:20 – analyst of analysts

08:10 – candlestick charting

12:05 – propose of technical analysis

13:55 – a contrarian tool

16:33 – human patterns

20:10 – financial astrology

26:57 – timing the market

31:1 – money management technique

35:16 – extrapolating the methodology

37:50 – a practical approach

40:38 – the concept of coastline

43:14 – not risk but potential

47:55 – intentions
Tweetables:

Money management is the key [Click To Tweet].

What is your aim?  [Click To Tweet].

You can make a system your own  [Click To Tweet].
Announcer: Sometimes forex trading can be a wild and woolly place to be but forex trading doesn’t have to be the badlands for you partner. Instead, hunker down and bend your ear. You’ll be burning the breeze in no time here at Truth About FX Podcast.
Walter: All right. I’m very excited today. I have Goncalo Moreira and he is at the FXStreet team. He’s a trader, forex specialist and he’s been trading for over 10 years so this is going to be interesting to hear some of Goncalo’s stories from his perspective.
I was introduced to FXStreet many, many years ago. I don’t know maybe 13 years ago or something like this. It was one of the first really beautiful forex websites I could find on the internet and I’m really happy to have you Goncalo.
Goncalo: I’m very honored, Walter, to be part of this

event and I’ve been following your work for many years as starting being an user of FXStreet, then being a contributor as you have been for so many years and finally being part of FXStreet. You surely remember when we met here in the International Traders Conference in Barcelona. It was very interesting and we had great fun during those days.
Walter: Yeah, it was excellent. Those were the best conferences, yeah. Tell me, how did you find yourself getting into trading? You have kind of a unique background, you’ve lived in many countries. And, how did you find yourself a trader?
Goncalo: That’s true. My background comes from the artistic world. I graduated in fine arts. That was mid-90’s but later I switched gears and I found myself confronted with the foreign exchange market.
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Truth About FXBy Walter Peters (FXJake) and Hugh Kimura (Trading Heroes)