Truth About FX

EP99: Walter Peters & James Kensington (Part 2 of 3)


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CLICK HERE TO MEET JAMES KENSINGTON AT THE LONDON CONFERENCE
In this episode of Truth About FX, Walter and James Kensington continue on their exciting talk about why hedge fund traders quit after just a few years. They also point at some interesting knots if you ever want to set sail with it.
You will also find a unique trick on how to get clients and why James doesn’t buy Ferraris anymore. And, how do you teach you trading system to others? Is there a “proper” way to do it? More on this second part of special episode with James Kensington…
Download (Duration: 57:31 / 65.8 MB)
In This Episode:

02:12 – 9 figure fund

03:50 – the good, bad and the ugly

06:32 – build your history

08:37 – transparent trading

12:08 – one person fund

15:59 – suicide vehicle

18:28 – self rewarding mechanism

21:20 – sensible with money

24:18 – compounding money

28:00 – rock stars

30:34 – rich, stupid-rich and spot-rich

34:00 – best, cheap television

38:18 – garbologist

41:43 – intrusive

45:03 – moral obligation

47:33 – work-life balance

50:40 – becoming better

53:08 – walk the dog

55:23 – be sustainable
Tweetables:

Number one: find the right course for you [Click To Tweet].

You cannot replicate a trader entirely [Click To Tweet].

Have a nice, diversified portfolio [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 back to our interview with James Kensington. This is Part Two of a three-part series. In Part Two, you are going to see why hedge fund traders don’t want to work for hedge fund after they’ve worked for hedge fund for just a few years.
This may surprise for you. If you are looking at trying to get your foot on the door at the hedge fund, you’re going to want to pay attention to these. Also, you’ll see how James used a really interesting trick, an unusual trick to get clients attention.
Those clients who have money and are looking to invest, he uses his very unusual trick and I think it’s actually brilliant. So, that’ll be interesting for you. Also, you’ll see how many traders tried out for James’ fund and how many he actually hired and why.
You’ll get the secret about teaching your trading system to someone else. Now, once James realized these, he was able to actually increase his funds profits by keeping these in mind that a lot of traders are completely unaware of these facts. So, that is something to also listened to, it’s also a good point.
You’ll see why James doesn’t recommend buying Ferraris ...
...more
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Truth About FXBy Walter Peters (FXJake) and Hugh Kimura (Trading Heroes)