The Trading Lifestyle Podcast: Trading Heroes Forex Trading Blog | Pro Trader Interviews

Hello and welcome to another episode of The Trading Lifestyle Podcast. I hope you are enjoying your holiday season and are celebrating your successes from this past year.

In this episode, I had the pleasure of  sitting down and talking with Reynaldo Soriano a professional trader and educator in the San Francisco Bay Area. I found him through his Meetup group and I wanted to find out how he became a professional trader.

He was a member of the Australian national Taekwondo team and when you look at his website, sports still play a big role in his trading and teaching. I like how he compares trading to sports, in that both take a lot of work and there is no guarantee of success.

Our conversation covered a lot of really interesting topics like his daily trading routine, his most important value and the one thing that will always overule his mechanical trading setups.

I appreciate how open and honest he is in this interview. He even shared that at his low point, he would go to his parents house to visit a lot. They thought he was there to seem them, but he was really there to get some free food because he had lost most of his money trading.

But like all successful traders I have talked to, he figured out a way to not only improve his trading, but also his wealth awareness, to become consistently profitable.  One thing that I did find surprising was how much he risks on high probability trades. He knows his trades setups so well that he knows which trades have a near 100% probability of working.

I hope you learn a lot from this interviews and enjoy listening to it as much as I enjoyed doing it. I did have a slight cold, so I apologize for any sniffles in the recording.

If you have any questions or comments, please feel free to leave them in the comments section at the end…

The post EP18 // How Reynaldo Soriano Makes A Living Trading 1 Hour A Day appeared first on Trading Heroes.

These are the types of interviews that I really enjoy.  I love talking to anyone about trading, but I especially like hearing from people who are just doing their own thing.  In the case of today's guest, he trades for a living from his home in Italy.

He doesn't have a website and doesn't market a course.  The only reason that I found him was because he does have a great Twitter account.  I have been watching is posts on Twitter and he is very consistent.

Walter Vannelli has been involved in Forex for most of his life.  What makes his experience especially interesting is that he started off as a dealer.  No check that, he actually started off in the back office of a bank.

But a staff shortage and a fortunate turn of evens forced him onto the dealing desk.  Once he was exposed to trading, he was hooked.  This passion for trading has stayed with him over the years and it really shines through in the way he speaks about trading.

Since he was a dealer, he understands what goes on the the trading rooms of banks.  He has been at a couple of big banks, including Citi.  He gives us some insights into how banks operate and how he trades as an independent trader who no longer has access to dealing desk information.

When Walter first started in Forex, only very rich individuals could trade Forex.  So as retail Forex trading became more popular, he was also able to train traders and consult with other banks on how to set up their accounting and back offices.  This allowed him to transition from a day job to trading full-time on his own.

One of the things that I enjoy the most in life is speaking with people who are making a living doing exactly what they love to do.  Walter is certainly one of those people.  I found that he is also a positive, humble, and funny guy.

I hope you enjoy this episode and learn a lot from it.

Disclosure: I do get a commission if you buy through some of the links on this page. But it does NOT cost you anything extra, it helps pay for my hosting costs and a portion of the proceeds go to my charity partner.

The post EP17 // Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience appeared first on Trading Heroes.

I've been wanting to interview Shaun for some time now because I like what posts on his YouTube channel and I really wanted to get the perspective of a programmer who specializes in Forex.  I finally got around to asking him last month and I was happy when he agreed.

Shaun Overton first got interested in Forex as a broker on the automated trading desk of FXCM and has been interested in automated trading ever since. He has built a successful programming business, catering primarily to traders who use Metatrader and Ninja Trader.  This business has taken him all over the world and he has met some very interesting people as a result (some of whom are mentioned in the interview).

He has recently been able to hire someone to handle the day-to-day management of his programming business, freeing him up to devote more time to automated systems development.  So he is in a very interesting position, having done a lot of programming work for clients and being at the stage where he is working on developing his own systems to build his trading business.

If you make a living with your own small business but would like to move into trading for a living, this interview might give you a few valuable tips on making that transition.

Just like any other type of trading, automated trading will suit a particular type of person and we get into who fully automated trading could help and the type of trader that it might not help.  Although fully automated trading may not work for everyone, it can help most traders and you will learn how it can do that.  We also talk about how people should get started with automated trading, either by hiring a programmer or learning programming on their own, and how to set realistic expectations.

I sincerely enjoyed speaking with Shaun and his enthusiasm for trading really shines through in this interview.  Even if you do not think that there is any room for automation in your trading, I would still recommend that you listen to what he has to say because it may open your mind to a few new ideas.

Enjoy!

Disclosure: Some links on this page are affiliate links where this site gets a small commission if you purchase through these links. But it doesn't cost you anything extra and it supports this website.  A portion is also donated to my charity partner.

The post How Custom Programming Can Help Almost Any Trader With Shaun Overton // EP16 appeared first on Trading Heroes.

In this episode of the Trading Lifestyle Podcast, I was fortunate to be able to sit down with Kim Krompass and learn about her journey to becoming a professional independent trader. I met Kim through the Meetup group that I started here in the San Francisco Bay Area.

The one time that we talked in person at a meetup was very brief, so I was happy when she agreed to be interviewed for this podcast.

She has taken an interesting route to becoming a trader. Just like many people who come to trading, she was very successful in another area before she began to learn to trade.

Unlike other traders however, she was profitable from the very beginning. She will go into what strategy she was using in the interview.  But needless to say, it stopped working during the 2008 crash and she had to do a lot of soul searching to figure out if she really wanted to continue to be a trader or not.

Since her bread-and-butter strategy was not working anymore, she had to figure out a better way to trade and she found some mentors and coaches to help her get back on track. What resulted was a strategy where she doesn't use any indicators an takes very small losses, as little as 8 pips for certain pairs.

We also got to talking about what she does for fun outside of trading, why she doesn't usually hang out with other traders and what fine wine has to do with anything. This is a very informative and no-nonsense interview that covers a wide variety of topics, so I hope you enjoy it!

What did you think of this episode?  Let us know in the comments below…

The post Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade // EP15 appeared first on Trading Heroes.

You never know how much of an influence some of your early life experiences will have on your adult life and this interview is a perfect example.  Casey Stubbs helped his father setup his first modem that allowed him to get basic stock charts on his computer.  From there, Casey was hooked on trading and he actually got quite good at it.

I have tweeted with Casey a few times over the last couple of years on Twitter, but I have never actually spoken to him in person.  So I was glad that I had the opportunity to sit down and chat to find out how he got to where he is and what he is up to.

His blog has really taken off over the last few years and that has presented him with some great opportunities.  This is something unique amongst traders, so I was also excited to talk to him about how is blog is doing and how it has helped him become a better trader.

After learning the stock market, he decided to tackle the foreign exchange market because he liked the hours and liquidity…among other things.  So find out what you can learn from his experiences and how you can apply them to your own trading.

Do you have any questions for Casey?  Ask him in the comments below.

The post EP14 // How Casey Stubbs Went From Computer Geek To Forex Trader appeared first on Trading Heroes.

Hello traders, I'm very happy to be back with another episode of The Trading Lifestyle Podcast and I was fortunate to be able to interview Steve W. from No Brainer Trades.  If you have been trading Forex for awhile, you have probably heard of Steve because his blog provides traders with a ton of quality free information.

Like several of the other people that I have interviewed before, Steve didn't originally set out to become a trader.  He basically just needed a job and found one as a clerk at an investment bank in New York.  This happened while Steve was still in college and he was actually studying for a degree in business for film and TV.

Being a clerk sparked his interest however and he started learning everything he could about trading. This lead to him becoming an analyst and the rest is history.

He has been trading professionally for about 7 years and has a very no-nonsense approach to trading.  He primarily trades price action and in the interview, he talks about the key factors that new traders really need to understand in order to become successful.

I hope you find this interview very useful.  It is almost an hour long and packed with some great insights into how Steve approaches trading and what he has learned over the years.

So make yourself comfortable, get out your notebook and pour your favorite drink.  Enjoy!

Do you have any questions for Steve?  Ask him in the comments below.

The post EP13 // Steve From No Brainer Trades And The Only Thing You Need To Remember When Trading appeared first on Trading Heroes.

Chris Capre started off wanting to be a Yoga instructor for the rest of his life, but a friend had an intuition about him…

His friend felt that Chris would be a good currency trader…and he turned out to be right!

Chris says that as soon he started looking at the charts, they seemed to make sense to him.

That's not to say that he did not endure some tough times too, but from a very early stage, he knew that he had found his calling.

Even though he was very successful at the beginning, he went through the process of being a broker, then a hedge fund trader, then an independent trader and educator.

He never intended to become a Forex mentor, but he was getting so many requests to be taught, that he decided to build a business around it and he started 2nd Skies Forex.

It was interesting to hear about his experiences with students and what makes some successful.

I hope you enjoy this interview and learn a lot from it.

Chris is a great guy to talk to and I love the fact that trading has provided him a way to give back to causes he believes in and make the world a better place.

Here is a video from the 2ndSkies YouTube channel that I really liked.

It talks about having the abundance mentality and how he came to adopt it.

This is a key point because successful trading is mostly mental and even if you have the skills to trade well, there may be other factors holding you back.

To practice an abundance mentality and improve your trading, try one of Chris' courses.

What is the biggest lesson that you have learned from this podcast? Let us know in the comments below.

The post Chris Capre: This Transformed Him Into a Pro FX Trader From a Yoga Teacher // EP12 appeared first on Trading Heroes.

Welcome to episode 11 of The Trading Lifestyle Podcast.  In this episode, I'm happy to present an interview that I did with 50 Pips.  No, he is not a rapper, but he does trade for a living and he mentors traders from time-to-time.

He is also an excellent Forex trading resource to follow on Twitter.  That is how I originally found out about him. He tweets trading tips and levels that he is watching on a daily basis.

This interview was unique because 50 requested that I don't ask the interview questions that I would normally ask.  This is because he was interviewed back in 2010 and many of the basic questions about him were answered in that interview.

So if you want get more on his background, check out the Resources Mentioned section below for the link to that interview on his blog.  That interview is almost an hour long and is also packed with tons of great information about 50 and how he got to where he is.

But since a lot of these question were already answered, this did give me the opportunity to dig deeper into what makes him tick, how he trades and what his experience in mentoring students has taught him.  I think you will find some of his answers surprising.  We both support Kiva, so be sure to check out his Kiva page in the Resources section below also.

The post EP11 // Why (and how) 50 Pips Trades Forex For A Living appeared first on Trading Heroes.

We are back with another episode of the Trading Lifestyle Podcast and this month I had the pleasure of interviewing Rafael Veron, an Independent Trader from Toronto, Canada.

He used to trade for a hedge fund, but he now trades his own money from home.

Rafael has had many interesting experiences in his career and started from very humble beginnings.

He definitely paid his dues along his way to trading for a living.  He has been a gopher, janitor, broker, money allocator and more.

But he is thankful for these experiences because they taught him the trading game from the inside and provided him knowledge that he would not have otherwise received.

Just like many of the other traders I have interviewed before, his primary focus is on managing risk.

But he is not only focused on where to place a stop loss.

He breaks down risk into three distinct components.

He explains them in the interview, so be sure to listen for that part because it is something that you really need to consider when you place a trade.

Does your partner or family not support your desire to be a trader?

Find out what Rafael has to say about getting the naysayers to consider your decision to trade.

What he says might surprise you.

When I posed a similar question to Jessica Peletier in Episode #2, she had a totally different approach, so it was great to get another opinion.

One particularly interesting story in the interview is about a woman who could double her account every couple of months or so.

Find out what threw her off her game and how she got back to trading well.  It is the perfect illustration of how psychology is everything in trading.

And of course, as the title says, he also goes into how the trained his wife (girlfriend at the time) to trade and how her results were better than most of the top traders, over a 5 year period.

It is a fun story and it is what really proved to Rafael that trading can be taught.

This episode is almost an hour long and there is a ton of information, so I hope you find it useful.

The post How Rafael Veron Taught His Wife To Trade Better Than Fund Managers // EP10 appeared first on Trading Heroes.

Learning to trade profitably on your own can take a long time for some people, but if you have a mentor or coach helping you, the time can be reduced significantly.

I have wanted to get a Trading Coach on the Podcast for awhile now and I am happy to present my first interview with a Trader/Trading Coach.

Brian McAboy used to be a Mechanical Engineer in the Manufacturing Industry, but he caught the trading bug and never looked back.

Just like every other Trader, he took his lumps early on in his career and wanted to understand how to be the best trader he could be.

As he started trading profitably, he wanted to help others do the same and when the opportunity presented itself, he began coaching.

Being an Engineer, he understood the benefit of creating documented processes and set about applying that to his trading and his coaching business.

One of the most important points that Brian brings up is that trading must be treated as a business.

Many people think that trading is somehow different from opening a restaurant or selling t-shirts on the internet.

While the products are very different, the basic principles of business still apply. You still have to have a plan, be properly funded, have an advantage in the market, etc.

Brian loves working with Traders because he feels that they are generally very intelligent, caring and genuine people.

He was generous enough to spend over an hour talking with me about all aspects of trading and I know that you will get a lot of great information out of this interview because I sure did.

The post EP9 // How Brian McAboy Leveraged His Engineering Background To Trade And Coach For A Living appeared first on Trading Heroes.