Podcast appearances and mentions of etienne crete

What It Really Takes to Trade for a Living  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #619: What It Really Takes to Trade for a Living In this video: 00:01 – Summary of the interview. 00:31 – Andrew Mitchem interview with Etienne Crete. 01:13 – What it takes to succeed in the market long term. 04:37– How long will it take to be a good trader? 06:25 – How do you know if your strategy is not working? 10:40 – What time frame charts should I trade? 18:23 – Prop firm advantages and disadvantages. 22:15 – What returns can I make? 27:40 – Mindset of trading. 30:36 – Contact Andrew Summary of the interview. The amount that you make as a dollar value is not important to me. It’s the percentage that you make as opposed to the percentage risk, because you can go on to a prop firm and use their money if you’re good. You know, it doesn’t matter whether I lose $10, $100 or $1,000 if it’s still the same percentage. I’m going to make $30, $300 or $3,000. You know, if it’s a 3 to 1 trade, providing that you get your mindset away from the numbers and you look at it as percentages. Andrew Mitchem interview with Etienne Crete. Something not to do with Andrew Mitchem. And Andrew is a trader that I really admire for his consistency in trading the same methods mostly for multiple decades now, I believe. So it was good to see you back on the podcast. We had a chat a few months ago, I believe, and then you were the very first guest on the podcast. Always kind of welcome back here, which is cool. But tell me what’s going on with you and kind of what you’re up to these days. Yeah. So nice to be here, first of all. And lovely. I think this is our fourth or fifth one. So, really good to be here. Yeah. Life’s good here with summertime over in New Zealand. Markets are good, which is nice. Now we’re, you know, we’re over that Europe to be in the northern hemisphere summer season. Yeah. It’s good. Life’s good, as in very good. Awesome. What it takes to succeed in the market long term I want to address certain topics it’s going to come down to, I believe, is the theme of what it really takes to succeed in the market long term. I know you have students who are very profitable now. Yeah, students who might struggle a little bit. Have maybe a lot of people who will see you, and then they see you trade full time and they kind of wonder why you’re so successful. Can you kind of start to unpack this and kind of figure out, what does it take to make a living in the markets in the long term? Yeah, I think there’s obviously a lot of dedication required to trade and to trade well. A lot of dedication and learning up front. I think one of the things I see that a lot of people today are not doing is I don’t think there’s a lot of people there that are willing to put a lot of time and effort into their trading. And I think as a full-time trader, I’m noticing that’s getting possibly worse. You know, whether it’s a social media thing or people want instant results, I’m not entirely sure what the actual reason is. But one thing I do notice is that people aren’t putting that time and effort in. And if things aren’t going well and they’re not suddenly making a fortune in a month, they give up. But I find from my point of view, from what I can help people with, it’s just being honest with people and saying, you do need to put some time and effort in to do it properly. You can become a full-time trader. Absolutely. It’s not going to be for everybody. You still have to absolutely love it and have that passion to want to do it and to turn up, to expect that not everything’s going to work perfectly. Market conditions are not always going to be great. You’ve got to take losing trades, losing weeks, losing months sometimes, but you’ve got to stick through it and be consistent. And I think that’s one thing I can tell people with my years of experience: that’s how you’re going to get through it. It’s a little bit harder for some people to actually accept that because, you know, when you’re in the middle of a slump, it’s quite hard to see the other side. It’s funny how trading seems to get easier in the sense that you have more information. You have more coaches that can help you how to trade and stuff, but people seem to be putting less effort than before, I feel. Yeah, absolutely. People are not willing to put time in or dedicate some time to try and learn. Look, I’ve got these things behind me here. That’s my new passion, playing guitar. I’m putting daily practice into it. I’m learning to sing. You know, I’ve done the helicopter thing, I’ve done the karate thing, and now it’s this. And I can’t instantly expect to turn up and play and sing and be in a band without doing, you know, several years of time and dedication. And it’s getting better all the time. And you go through ups and downs and it becomes easy, then it’s horrible, then you feel dreadful. And I think that trading is exactly the same, but you’ve got to want to do it. I think you’ve also got to make sure that you’re doing it because you enjoy the trading aspect of it, not simply because you see it as a way to get rich quick or you hate your job. So you think that trading is going to solve all your financial problems. It can do, but you’ve got to give it time. How long will it take to be a good trader? If someone were to ask you, what’s the amount of time it’s going to require for me to just sit in trading, what would you tell them? Can you pinpoint how many years it’s going to take them, or can you just say that it takes what it takes and that’s it? Yeah, I think that you need to dedicate — I mean, I suppose that’s how long it’s going to take you. But if you can give yourself half an hour or an hour a day to learn properly, that would be good. Do your homework on the terminology of trading. You know, when we start talking about limit orders and stop losses and currency pairs and all those type of things, it’s easy because we’ve done it for so long. But if you’re new to it, you’ve got to give yourself — like learning a new language — time to understand that terminology. Then I think you need to find yourself either a strategy that someone else has created, or put some time into observing the market yourself. And when you’re doing that, don’t worry about making money. Don’t even contemplate money. Get onto a demo account, look at charts. So time-wise per day, I think even giving half an hour, an hour a day to learn would be nice. That must be every day. But give yourself like six months. Give yourself a year. Don’t rush it. Don’t expect miracles. If you do it properly and do it slowly, you’ll find that it will come together. And you’ll find that you’ll pick up so much because you’re observing real market conditions without the pressure of feeling that you have to make money from it from day one. Something I see a lot is people that don’t know when to stop learning. Like, of course you should always try to learn and train and always try to become better, but there’s a time where you have to stop learning different strategies, stop kind of jumping between different strategies, and you’ve got to apply what you’ve learned so far. How do you know if your strategy is not working? How do you advise people to know when it’s time to stop learning other things and other strategies? Yeah, that’s an interesting one because you’re right. The issue that people will have after a certain length of time is if it doesn’t work really quickly, they’ll then go back and try and find something else again, back onto a forum, reinvent the wheel. I’ll give you a great example: just this week I had a guy who wrote to me who’s a client from a number of years ago, and he said it didn’t work for me. And I came back to your system about six months ago and I started again. And it’s working and I’m loving it. And I’m doing well. I’m on a prop firm and everything. But a lot of people give up too quick. And I think you need to, once you’ve got something that’s proven — maybe not proven to you, but proven to other people — you’ve got to dedicate some time to forgetting everything else. Because if you get yourself a strategy that has been proven to work, you don’t need to go out there adding to it, and you just need to apply it in real market conditions. You know, I think it’s really important that you do that. And again, like I said earlier, you have to accept that not every trade is going to work, but providing if you’re looking for — like in my example, I’m looking for candle patterns, etc. So providing I’m taking what is a good quality trade at that time, if the trade works or the trade doesn’t work, I can’t help that. All I have to do is go back and look at it and go, at that time, did this trade meet all those criteria, yes or no? If it did and the trade loses, well that’s fine. That’s part of trading. But you’ve got to stick to that system. One of the other things I find I get questions about when it comes to things like that is what time frame should I trade? And when people are new, they naturally want to trade lots and lots of trades. So they go to like one- and five-minute charts and fifteen-minute charts — and look, I did exactly the same years ago. You’ve got to not do that. You’ve got to, in my opinion, get to something longer and more reliable. And then it becomes, okay, so I’ve gone longer, which is the right one? And my answer is it depends because it depends on, one, what type of person you are as a trader, what suits you. But also, like, I could go through like this week and I’ve had lots of daily chart trades. Last week I didn’t have any, but we had lots of, say, four-hour and twelve-hour chart trades. Next week it might be six-hour or the weeklies might be showing. So I like to look at a variety of time frame charts. And I think if you just stick to one, that’s when you run into danger. You know, people will say, “Oh, there’s nothing showing,” or “Every trade I’m taking is losing.” So they give up and then they’ll go and look for the next system. So stick to something, but also be flexible. I just love the daily charts a lot. It’s just so easy to trade compared to what people do intraday and stuff. And I had to slowly move to it over the years. It took me a while to get there, but now I definitely love it. I love this kind of big part of my trading for sure. Yeah, I think with trading — like the two of us have been doing this for a number of years, like a long time — you soon realize that, you know, less is more. Better quality trades, less sitting looking at the charts, higher quality trades, more probability. All those type of things make it really enjoyable because one, you’re actually making money, but two, you’re actually doing less work, or less time looking at charts. And so I think to keep that enjoyment up and keeping fresh and keeping loving doing what we’re doing, I could think of nothing worse than just glued to the charts for like three, four, five, six hours. And most of the time all you’re doing is paying the broker because you end up trading by feel — that you should trade because you’re there. You know, trading what the market’s giving you. What time frame charts should I trade? I think the danger for a new trader going into the charts is like — like I said before this — maybe don’t trade for like a week or something. You want to get comfortable with that. Because eventually trading, no matter what timeframe you trade, could be the lower timeframe or higher timeframe, there’s times where there’s no trade at all. How do you get comfortable with that kind of feeling? Yeah, and that can be hard for people to accept. In our advantage are a couple of things that I can think of, like right now. One, we have access to more markets. So when I started 20 plus years ago, it was just forex. That’s all it was. And there wasn’t that many. Then came more minor pairs, then came like gold or silver against the US. And now over the last years we’ve got a lot more markets. It depends on your broker of course, but I could trade like gold and silver against — like we all see — the kiwi, the pound, the US, the yen, you know, Singapore dollar. Lots of them. I can trade lots more pairs. I can trade cryptos. I could trade metals, indices, commodities. So when I am looking through the daily charts once a day, I now have a lot bigger — like, you know — more charts to look through. So I can be very selective in fine tuning. If we use that, let’s say gold example. Years ago, it was gold/US dollar, and that’s all it was. Whereas I could look at, say, go through all those that I’ve just mentioned. Okay, are gold against the pairs looking the best, you know. So I can be very selective. So, it might only mean I’m taking one or two trades on that timeframe a day, but they’re really high quality ones. And if there’s nothing, then you accept there’s nothing on that timeframe for that day. But the way that I look at charts is at that close of day when I’m looking at the daily charts. At the same time, the 12-hour charts and the 8-hour charts and the 6-hour charts also close, because it’s 5 p.m. New York time. So at that time I can go and look at like three other time frame charts and look for setups. And I think that pretty much means that almost every day we are posting trades that we’re taking and we’re posting for our clients. At that time, even if they’re not on the daily charts. If the daily charts are just really not giving us anything, there might be some on the 12-hour charts that are. So it’s still the same time that you’re looking. It just means that you’re giving yourself a lot more opportunities. Do you feel like forex lost its appeal since you’ve been trading it? Do you feel like less volatility these days and it’s harder to trade, or do you find other markets are becoming more attractive than forex now? Yeah, I could see how people would think that. But also look at it and go, I think forex is possibly even more reliable now. You know, if you look back 15, 20 years ago, the non-farm payrolls — like the US monthly employment figures — the price would spike up three, four hundred pips in like 10 seconds sometimes. And it was really wild. Great if you’re on the trade, but otherwise it could be a nightmare. And so I don’t see those big wild moves any longer. So, you know, I suppose you could say that’s a good and a bad thing. But I do find that sometimes in the northern hemisphere summer season — you know, July or August — sometimes the market goes a little bit quiet. And I have noticed that a few years in a row. But the flip side of that is because on our forex charts — so like I still use MetaTrader, MetaTrader 5 — and I find that because we have those other markets, I’m still trading them the same way. Whereas years ago when the forex market was like really moving, I didn’t have access to those. So I can trade those other metals or, you know, cryptos. And it’s not just Bitcoin and Ethereum — there’s lots and lots of other markets. So I find return-wise it’s still exactly the same. It just means that maybe a few more of my trades are on non-forex pairs. If you want to look back on your trading journey so far, are there a few things you would like to do differently? Are there some things you would change or try to do differently to get the results faster, or to get kind of better results? Not anything major that I can think of. No, not really. One of the things I’ve always been conscious of is not blowing my account. And so to get better results, of course I could risk more, but that may in turn mean that obviously it means I’m risking more. So when I have drawdowns they’re bigger. And that would also potentially disturb some of the way I’m looking at the market, because you become a little bit more cautious. Whereas right now, because I risk very tiny amounts, I see a trade, take a trade. I’m not worried about it. I’m not losing sleep over it. And I think that’s a real important part of trading that, you know, you’ve got to see it, react to it, take it. Whereas if you start risking too much in order to make more, the downside is you either revenge trade or you become very scared and you go, “Oh, I see this trade. It’s actually quite good, but I can’t afford to take it,” or “I don’t want another losing trade,” so you don’t take it — and of course that’s the one that wins. So I’ve always been very cautious of that. Other things I’d change — not a huge amount. I mean, it took me four years to make something that was good. I mean, I would love to have made that quicker, but, you know, that’s the learning process. You can’t really change that unless you’re just doing your homework. It’s just part of learning. It’s a cost of learning, those years. No, I’ve tried like automation. I’ve tried adding extra things. And it always comes back to the way that I sort of traded back then. It’s still the way I trade today. That’s cool. I always tell people the fact that it’s better to aim for lower returns and kind of more consistency, like you mentioned, than trying to look for bigger returns and just having a low-cost equity curve. So, absolutely, you’ve got to try and keep your equity curve relatively smooth. You can’t — like if someone says, “Oh, I’ve had a 50% return,” then you go, well, that’s really good. But then, “I’m risking stupid amounts and I’ve had like a 60, 70% drawdown.” And it’s like, well, that’s not very good. So the actual return is not, to me, so important. It’s what’s your risk as opposed to your return. And as we know, with the ability now to trade on other accounts that it’s not your money — like a prop firm — just being consistent and not having big drawdowns is what they want. And so there are other avenues now for people that, you know, because of course people used to go, “Oh, my account’s only,” you know, I pick a figure, $5,000. “Even if I make 100%, I can’t live off $5,000.” Well, no, of course you can’t. But you still have proven to yourself that you’ve got the ability to make that 100%. So it’s important that you know what I mean. The amount that you make as a dollar value is not important to me. It’s the percentage that you make as opposed to the percentage you risk, because you can go on to a prop firm and use their money. If you’re good. Prop firm advantages and disadvantages. I feel like prop firms kind of encourage traders to just gamble more because they could always go and trade and hope to pass a challenge. And it’s kind of a risk of like, if you do this consistently, then you just end up losing the account. But it’s easier to kind of just take a big trade, hopefully pass or hopefully get a withdrawal, and then you kind of go with that. To me, the aim of a prop firm — the only important thing is not how long you take to pass it. It’s just don’t get to the drawdown. And if you don’t blow the drawdown, you will pass it eventually. And it’s just that most people don’t look at it that way. They go, “Oh, how quick is it going to take me to get to 10%?” And so I can get through the demo onto a live — and yeah, you’re right. If it encourages you to get that gambling mentality, then you’ve got to seriously consider if you should be even on a prop firm. And I think the important thing for people — and I get a lot of emails from people saying, “Look, I failed a prop firm,” and it’s like I get back to them and say, well, have you been trading for six months, 12 months on demo or a live account of your own? And they go, “No, I went straight to a prop firm,” and it’s like, well, that’s a really silly thing to do. You’d be better off spending six months on a demo account and treating it like it’s live, or a small live account of your own, and proving consistency in your results, because it’s going to prove to yourself that you can do it, and then go to a prop. Don’t ever waste your money jumping into a prop firm, because all you’re doing is feeding prop firms more money. And like I said, you’re either going to gamble and fluke it, but that can only happen so many times before you blow it. Definitely. What’s a drawdown you’re comfortable with on your own account? Do you have a certain level, certain percentage that if it’s within check, you’re okay with that? And then if it goes beyond it’s like too much, but on a personal level based on kind of your risk tolerance. Yeah. Personal level, like, if I ever get to a 10% drawdown, I’d be horrified. You know, that’s me. The absolute maximum kind of level. But because I risk very small amounts, I’d need a lot of consecutive trades all to get stopped to get to that level, you know. And with a reasonably good system, you’re going to get some good trades in there at some stage. So the likelihood of getting to that is really quite slim. But it’s because some people will say, “Oh, 10% is nothing.” So I know that’s going to comment below. But I mean, for me, similar for me is 15%. I’m still good with it, but I don’t want to go to like 20%. Like 15% is probably my limit, and I won’t get to that very often. Well, the easy one — and I think we’ve mentioned this on other chats we’ve had — is the one that gets most people. If you have a 50% drawdown, you need to make 100% to get to break even. And most people can’t see that until they stop and think about it and go, wow, that’s quite scary. So that’s why I like to keep risk low per trade, ensure that profitable trades many times the risk are several times the risk. So you have little small losses, big gain; little small losses, big gain. And that way you don’t have to be right all the time because no one’s going to be right all the time. You know, you can accept that things might go against you or your trade’s going really well, and something happens and it gets stopped out. Well, if it does, it’s not killing your account. And mentally it’s not affecting you because your risk is really small. You only need a couple of profitable trades and it’s taking back all those losses and more. And you’re then back higher than when you started. What returns can I make? Right. So you have to kind of get away from that mindset of if I don’t make enough returns, then I won’t be able to make enough money, or I won’t get a platform to fund me, or I won’t be able to get capital. It’s kind of a big thing. It’s like people think you have to have higher returns to be interesting for platforms and investors and whatever, but you could be doing much better with lower returns, correct? That’s right. You just want consistency — low drawdowns and consistency. And I think the issue that I see is a lot of people don’t have the quality of strategy that allows that to happen. You know, to start with, I find a lot of people just don’t have a strategy at all. Then they don’t understand risk management. They have no plan. They really don’t know where they’re putting their stop loss or why. A lot of people seem to put the stop loss and still go back to pips, and they put the same stop loss on every single trade, regardless of looking at the market conditions. So there’s all these things that people do that are real basic, but if you do them wrong, you’re just stacking all the odds against yourself. So again, it comes back to me: get some education, do your homework, do that hard work up front. And if you do that time and hard work up front, then the results will follow. If you expect instant results and you don’t do your homework, you probably only get one result and that’s you’re going to give up or fail. You know what I mean? I saw a comment on our YouTube channel yesterday. Someone said that they took a trade and they put a stop loss, and then they lost $60,000 because of it. So the lesson is, well, next time they won’t use a stop loss because then they won’t lose money. You don’t have a stop loss, no trade. It’s kind of a crazy thing when you think about it. But yeah, kind of like — it's crazy. There’s a lot of simple things that people could do. It’s like I’m staggered the number of people that don’t understand that if they have a sell trade on, and it’s on, let’s say a minor exotic pair, and the spread widens, then they could get stopped out even though the price doesn’t get anywhere near their stop loss, whereas that won’t happen on a buy trade. And so it’s all those things that when you spend some time in the market, you get to see these things and you’re doing all that groundwork. So you’re not surprised when it becomes real money or bigger amounts of money. Okay. I think this is easy. Is it something you can just learn from courses, or is it kind of things that you just have to learn through being in the market and kind of seeing things happen and kind of seeing where weird stuff happens too? That’s right. Give it time. You know, give it time. You’ll find all these things happen. You’ll go, “Hang on a minute, that price never got near my stop loss and the broker took it out.” And then the natural thing is to blame the broker. But it’s like, no, you were trading the Norwegian krone/Japanese yen, and it was a sell trade, and it was on a one-hour chart with a tiny stop loss, and the spread just took it out. So all those little things — you’re better off making those mistakes on a small account when, you know, financially it doesn’t really matter, but you learn from it. What’s your advice for someone who says, “I want to be able to make a living in the markets”? Is it just about learning a strategy and kind of being good at it, or is there more to it, to making a living in the markets? The strategy is obviously really, really important, but I think you need to also be in the right mental space as well. You know, you’ve got to be consistent. You’ve got to show up consistently. It’s one of the things that I love about the teaching aspect is that I can’t go, “Oh, I can’t be bothered to trade today.” I want to stay in bed, or, you know — I have to show up. And so that’s what you need to do because, you know, you can just imagine that you don’t show up for a few days, and that’s the day when all the good trades show and you’ve missed it. So be consistent, show up, be consistent with your trading, know when to trade. These type of things come into it as well. Because I think you need to stagger things because when you do go to bigger accounts or firms or your own larger account, whatever it is you do, it does affect you because you see bigger losses, numbers-wise. But that’s why it comes back to, for me, it’s a percentage. You know, it doesn’t matter whether I lose $10, $100 or $1,000. If it’s still the same percentage, I’m going to make $30, $300 or $3,000. You know, if it’s a 3 to 1 trade, providing that you get your mindset away from the numbers and you look at it as percentages — that’s the percentage of your account that you’re risking. And it’s all relative. It’s all exactly the same. So I think when you start going live with bigger accounts, that is one thing that can play with your mind, play with your head. But if you understand those numbers and you’ve been through different market conditions of ups and downs, then you just ride it and go with it. But as a person, be consistent. Don’t do dumb things. Yeah. If there’s no trade there, don’t take it, right? If the trade’s there, take the trade. Mindset of trading. Definitely. I mean there’s a whole strategy aspect, there’s a whole psychology of course, a mindset as a whole. Also finances, like how do you structure your account? How much do you put in your account, how much you’re willing to lose? What do your profits do, I think is a point. Do you want to go into that a little bit? More like how you manage finances as a trader, like what things are the case. You’ve got to understand what works for you, you know? What are you comfortable with? I think that’s really important. It’s like, if you suddenly see five trades show, are you going to take them? Are you going to keep your risk the same on all five? Let’s say you risk 1% per trade. Are you suddenly going to put 5% on there because all five look good? Or are you going to select the best one, or are you going to reduce the risk and take all of them? If they’re all related, let’s say they’re all US dollar related, well, quite a lot is the US dollar at the time is really strong or really weak. Moving those pairs. So are you going to accept therefore that all five could go wrong? Or five could work, you know. You’ve got to know what your answer to those questions is before it happens. You’ve got to have that plan. I think that’s really important. What about in terms of capital? Do you believe in putting all your money into one account and kind of just trading it, or do you kind of spread it out and do — you look at investing, you look at trading, you look at different things to make money that’s not all connected to kind of one market? No, I mean obviously the cash flow through your trading’s really good, you know, if you’re good at it. So that’s always a nice thing. But personally, I still, outside of trading, invest in other things. I mean, I hear people that say, let’s pick something else. Let’s say you’ve got $50,000, and they say, “I’ll only put $25,000 with the broker and keep $25,000 somewhere else and just risk twice the amount.” So you hear people doing that, that’s an option. I just think that with the ability to — once you’re good — with the ability to either trade for other people or trade for prop firms, so you don’t need to load up your account with like everything you have. And I also think it’s quite important that you split whatever you trade for your own trading money over several brokers as well. I would do that purely from a safety point of view, you know. Yes, I trade with some very good brokers. Have they ever done anything wrong? No, not to me. Have I ever, in the past, had a broker that suddenly disappeared? Yes. And it hurts. And we battled and battled for many years and ended up with about 80% back after all these legal fees. Like a group of us got together from around the world. But it’s horrible going through it. And you wouldn’t wish that on anybody. So split your account up over a few brokers. Contact Andrew It’s good advice for sure. Where can people find you and connect with you after this podcast? Where can they learn your strategies and your methods and kind of connect with you? Yeah. Well, our website's TheForexTradingCoach.com. We’ve been around for over 16 years, clients in 109 countries now. So in that time we’ve never ever missed posting our daily trades, our webinars, everything. Our forum site — so have a look at TheForexTradingCoach.com. There’s lots of information. There’s lot size calculators and e-books and free webinars for people to have a look and do the homework. Go on to something like Forex Peace Army and look at the reviews since 2009. You know, have a look at what we do and the due diligence review. Decide if coaching and a strategy is something that you want. Just do your homework. I personally write back to every email that comes through directly to me. You know, we’re real people. I’m sitting here at home, my office. It’s just that my computer screens are just behind me. You know, we’re real people doing this, and that’s why it works. I think we’ve got tutors in London and North Carolina as well. So we’re not just — because I’m here in New Zealand — we cater to people right around the world. Yeah, yeah. Also super active on YouTube. We have a lot of content there and also on the podcast. I believe it’s been good stuff over the years. So yeah, yeah, we’ve got our stuff on all the normal social media channels. YouTube — 616 videos, I think right now to date. You know, so one a week, that’s been going for what, 12, 13, 14 years or so. So it’s that consistency of showing up. But if you go back and watch some of the early ones, the content in terms of like the suggestions — and not so much advice — but, you know, suggestions and things we talk about hasn’t really changed. And that’s, I think, massively important that, you know, we’re not chasing our tail and adding bits to the strategy and taking bits off simply because markets change. The logic, the strategy is identical today than it was 16 years ago. I told you when I started trading and it’s still there, so it’s insane. It’s crazy. I mean, there for a long time. That’s crazy. That’s good. That’s right. And you know, over those years you’re going to get different market conditions and everything happens in the market politically and everything else. And the logic still works, which is the awesome thing about it. Awesome. If people can connect with you, see what you do, and of course, if they want to learn from you, that’s awesome. And your time here, especially the advice, is always a good discussion and we can have a chat next time about trading again. Awesome to see you again. Again, thank you very much for your time. Episode Title: #619: What It Really Takes to Trade for a Living Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete In this video: 00:05 – Passing a prop firm challenge. 00:19 – Talking prop firm challenges with Etienne Crete. 00:45 – Horror stories from traders starting a prop firm too early.    02:08 – How to start trading on a prop firm account. 03:13 – How to pick a prop firm. 06:10 – How much should you risk per trade. 08:10 – Treat a demo, a live and a prop firm account the same. 10:25 – Have a proven strategy first before getting on a prop firm account. 15:28 – Does the prop firm have the markets you trade available? 17:15 – How to find us and how to join us at The Forex Trading Coach Passing a prop firm challenge. Andrew Mitchem If you're on a $10,000 prop firm, you know, you you're risking quite tiny amounts, but that's fine, you know? But just go very, very small because just don't get stopped out and you'll eventually, you know, if you're trading good enough, you'll eventually get to that profit target. Talking prop firm challenges with Etienne Crete. Etienne Crete Sitting down today with Andrew Mitchem. we want to do an episode specifically about prop firms and what it takes to become a funded trader, but also kind of scale things up. And you get to the next level of performance to scale it up to, we can make more money trading with more capital. So Andrew welcome back on the podcast. Continue here. Etienne Crete Let's start with this. I actually get people who reach out to you and kind of ask you about prop firms and how they should go about it. What's your first train of thought into what is the right time to go for prop firm? Horror stories from traders starting a prop firm too early.    Andrew Mitchem Okay, I find that so many people tell me stories. In that kind of horror stories, they jump in too quick. And I think people aren't doing it realistically. They jump in because they see it as maybe I don't have enough money myself. And it's a it's a good way of potentially earning funds and, and commissions, etc., but they don't have any, background into trading properly themselves. Andrew Mitchem You know, they don't have a strategy, the confident in them. And they have proven themselves first. And I think that's the pitfall that too many people jump into. Etienne Crete Definitely like trying to get capital before you are profitable trader. Andrew Mitchem Yeah. I mean, I just tell people maybe you look at it and, you know, 6 to 12 months time, be real about this. Yes, look prop firm can be absolutely fantastic once you know what you're doing. But spend some time upfront to learn the process of trading. Forget how much money you make. Don't even look at money. Andrew Mitchem Just understand the process of trading. You know, low risk, etc., low drawdowns, because ultimately that's the thing. It's going to get you through a pot firm. And if you don't understand that hitting that drawdown criteria is what's going to make you lose your money. Etienne Crete How do you someone interested in the process? Because a lot of people are going to, of course, focus on the outcome, trying to get the result, how do you get them to, first of all, follow the process? But they kind of have to be interested in then involved in it too. Andrew Mitchem How to start trading on a prop firm account. Andrew Mitchem Yeah, it's a tricky one because everybody wants the results and everybody wants the money. I suppose all I can do is probably a little bit like is keep going on and on and on with the same story, because ultimately that's the best way you're going to get a result. You know, you almost got beaten into people was like,

Welcome to The Day Trading Show. This podcast is hosted by Austin Silver and powered by ASFX. We bring you conversations with the best traders of our generation. No rented Lambos or fake Rolexs will be found here. Grab your indulgence and enjoy a discussion focused on making money in markets, trading psychology, and becoming the best trader you can be! This is the best podcast in the world for day traders so make sure you're subscribed! This episode dives into the transformative stories of traders featured in the book Prop Trading Secrets. From overcoming personal and financial challenges to scaling from small capital to managing millions, the discussion offers valuable insights into resilience, adaptability, and the diverse paths to success in trading. Key themes include the importance of customizing trading strategies, the pros and cons of manual vs. automated trading, and the growth opportunities provided by prop trading. With actionable advice and inspiring tales, this conversation is a must-watch for anyone passionate about trading and personal growth. Check out the book: https://amzn.to/422Sif7 Connect with Etienne Crete: https://x.com/desiretotrade --------------------------------------------------------- Sponsor: Topone Link: https://toponetrader.com/asfx Code: ASFX --------------------------------------------------------- Sponsor: Edgeful Link: https://edgeful.com/?via=asfx --------------------------------------------------------- Sponsor: Tradezella Link: https://www.tradezella.com/?via=asfx Code: ASFX10 for 10% off Monthly Membership Code: ASFX20 for 20% off Annual Membership --------------------------------------------------------- Connect With Austin: https://www.instagram.com/austinsilverfx https://www.twitter.com/austinsilverfx https://www.facebook.com/austinsilverfx

What Makes a Good Forex Trader?  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #497: What Makes a Good Forex Trader? In this video: 00:23 – Pre-flight completed and ready to fly  00:53 – Hard work and dedication needed 01:45 – Learning to fly is hard, but incredibly rewarding 02:09 – The best student ever 03:40 – Getting yourself trained 04:35 – The TFTC Coaching Course What makes a good forex trader? What characteristics do they have that you could learn from? So you two can become a good trader. Let's talk about that more right now. Hey, the traders Andrew here at the Forex Trading Coach video and podcast number 497. Pre-flight completed and ready to fly  As you can see here, I'm out at the airport just a preflight ready to go for a flight very shortly. And what does it make this podcast and video out here? Because yesterday I was talking to Etienne Crete, who runs a really good Traders podcast. And on it We discuss what characteristics make a good trader and can someone learn those or is it just something they just happen to be born with that makes up your character? And so I said to Etienne that it's really important that you're quite a thorough type of person in many ways. Hard work and dedication needed And I was quite fortunate in some ways that I was born on a dairy farm where you have to go and milk cash twice a day. It doesn't matter whether it's Christmas, your birthday, you're feeling ill, you know, the sun's out, raining and snowing doesn't matter. You have to go and do that seven days a week. You get no choice. And so being brought up on a dairy farm or anything to do with looking after animals or children and things like that when you cannot get away is a big characteristic. And I think that makes a good person who is going to be good for trading the forex market. And likewise, I've always done a lot of martial arts and judo and karate, and same thing with that. You've got to have that respect, that discipline, that hard work ethic, and you realize that it's not as easy as it's made out to be. But you also realize that if you do put that time and effort and dedication into things that the results are just incredible. Learning to fly is hard, but incredibly rewarding And it's no different with this helicopter behind me here. You know, ten years ago, if you said, first of all, I own a helicopter, will even be able to think about flying it, then I thought you'd be crazy. But with some time, dedication, hard work, effort and commitment and investment, it's happened. And here it is behind me now. The best student ever It's it's no different to trading the amount of people that come to me and go, I'm just going to be your best student ever. I'm going to join your course and I'm just going to be the best student ever. And they don't join the course and they go off and do something else, you know, because there's no real effort or commitment that and it's incredible how often that happens, because for some people, like actually joining a course is just too hard. You know, they've got to learn something, get it, got to give up a bit of time to dedicate to actually making this work. Whereas everybody seems to want the quick fix and the easy answer and you know, they go to forum sites and various other video sites and just think that they're going to find the free answer and the Holy Grail there. The bad news is you're not. So you do have to put some effort in. Now, I'm going to see if I can move this camera around. Well, I'll show you inside here, because, look, I'm not exactly mechanically minded, but I have to know all about this hydraulic system in here. I have to know about this turbine in here. You know, I have to know about the weather. I have to know about the law. I have to know about them.

Welcome to The Day Trading Show. Grab your indulgence of choice and enjoy a conversation focused on markets, day trading, and wealth building. The Day Trading Show hosts, Austin Silver and James Bruce, and both full-time traders with over 10 years of combined experience between them. The knowledge that Austin and James have gained from live market experience and coaching hundreds of traders from around the world is shared with you as listeners of The Day Trading Show. In this episode, Austin, Tom, and James speak with Etienne Crete from the Desire To Trade podcast! Most of you have probably seen Etienne's podcast or youtube videos so he needs no introduction. We cover a ton of topics in this episode, every trader is sure to find a ton of value in this. More info on Trading Mentorship - https://asfx.biz/bsc 3 Day Free Trial To Our Live Trading Room on ASFX.TV - https://asfxtv.uscreen.io/ Take the ASFX courses and see an instant improvement in your trading -- https://asfx.biz/education Stay Connected With Our Weekly Newsletter — https://asfx.biz/subscribe/ Connect With Austin: https://www.instagram.com/austinsilverfx https://www.twitter.com/austinsilverfx https://www.facebook.com/austinsilverfx

Global Prime Co-Founder Interviews Traveling Trader Etienne Crete In episode 301 of the Desire To Trade Podcast, I share with you a recent interview in which I am interviewed by Global Prime co-founder Jeremy Kinstlinger.  In this interview, we talk about my trading style, tools for traders, how to avoid scams, and how the forex scene has developed over the years for retail traders. Watch the video interview here Topics Covered In This Episode 0:15 Introduction 1:40 How Etienne got into trading and how was his initial experience 3:16 How Etienne founded Desire To Trade and what was the idea behind it 4:40 Tips getting in touch with top traders 8:10 What is Etienne's trading style 10:45 How has covid changed what Etienne does 11:38 How has the trading education landscape changed over the years 13:25 Educational resources Etienne recommends for aspiring traders 14:52 What are Etienne thoughts on Prop trading 16:47 What's your favorite dish from where you've traveled 17:34 Has a country helped you with your trading 19:14 How much to spend on trading education 20:36 How to avoid scams in the modern trading landscape 22:17 How to build and engage an audience 28:14 What are some of the best DesireToTrade Podcast Interviews 28:48 How has the broker scene evolved over the years 30:02 What are traders really looking for in a broker? 32:07 What are Etienne's plans for the near future 33:47 Etienne's top advice for aspiring traders and much more What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!  

In today’s episode, we are excited to bring to you an interview with a special guest by the name of Etienne Crete, who is a full-time swing trader and is also the founder of the Desire To Trade podcast. Etienne is known as the traveling forex trader and he really practices what he preaches – […]

Forex Swing Trading For Beginners ft. Etienne Crete In episode 281 of the Desire To Trade Podcast, I share with you a trader interviewed I've been a part of. I was interviewed by Tech Guys Who Invest to discuss Forex swing trading for beginners and how to learn the basics of Forex trading to become financially independent. Watch more interviews from Tech Guys Who Invest >> Watch the video recording! In This Episode, You'll Learn... 0:00 Introduction 0:50 Why Etienne got into trading and how he got started in trading 1:56 Etienne breaks down the basics of Forex and Trading 5:04 Why Forex trading always trades in currency pairs 7:12 What are the risks of trading and how they can be managed 10:04 What is the biggest misconception of trading 11:22 How is trading different from trying to time the market 14:12 Some basic tax considerations in forex trading 15:11 How traders can use leverage 1611 What are the advantages of Forex trading VS other assets 18:16 What you need to get started with Forex trading 18:53 How to deal with losses and failure 10:34 What motivates Etienne to work and perform harder 22:08 How Algo Trading enables Etienne to have a higher freedom lifestyle 24:00 Where to find more about Etienne And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (use our link to get a special bonus) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!  

On this episode of Tech Guys Who Invest, we talk to Etienne Crete about Forex trading. Forex, or foreign exchange trading, involves trading currencies. Etienne has achieved financial independence through Forex trading and he shares insights with us about this type of investing.   About our guest Etienne Crete is a swing trader who helps aspiring Forex traders develop a trading method that works for them so they can produce income, allowing them to live with more freedom.  From Montreal, Canada, Etienne escaped the rat race of a day job through investing, and now he invests professionally and travels the world. He was living in Asia during the recording of this podcast.   Discussed in this episode: How currency trading works What Forex is Currency pairs, barriers to entry, accessibility The risks of trading The misconceptions of trading Is trading different than trying to time the market? Is trading investing?  Tax considerations as a Forex trader  Using leverage to trade What you need to get started How to deal with failure The importance of giving back   Referenced in the show: Youtube - Etienne Crete Channel DesireToTrade.com Tech highlight: Algo = Algorithm

Happy Thanksgiving to all of our listeners! As a special holiday treat, this week on Limit Up! we have compiled some of our best advice from forex traders.Whether you have been wanting to trade forex or you have no idea what that is, we’ve got you covered by expert guests including Akil Stokes, Etienne Crete, and Austin Silver. Listen to the episode for best practices, a discussion on cultivating the right mindset, and why now is the best time to start trading forex.(00:15) - Learning to trade forex(01:40) - Getting into trading(05:36) - Accepting guidance(07:10) - Uncertain times(08:16) - Steps for new tradersLimit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory.Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coachingAttend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpwIf you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

Etienne Crete is the founder of Desire To Trade, a trading education website. Before he became a founder and full-time trader, he worked a job he hated and searched for a way to generate income while devoting time to his love of traveling.His success came about thanks to his adherence to routines and systems designed to help him improve his skills. Etienne is our guest this week on Limit Up! and talks to Jack and Dan about one of his most important tools: old fashioned journaling.Listen to the episode for Etienne’s story and learn how you can make algorithms and strong routines work for you.(00:49) - Market Reaction(05:59) - Interview with Etienne Crete(07:26) - Forex in uncertain times(08:51) - Traveling & trading(12:46) - Designing algorithms(16:54) - Consistency in habits(19:07) - Desire To Trade Podcast(23:44) - Desire To Trade on YouTube(25:22) - How to get back on track(28:14) - Winning streaks(30:10) - Daily routines(32:46) - Adaptive learning(37:23) - The itch to move(40:07) - Surround yourself Etienne Crete is a traveling Forex trader and the founder of Desire To Trade. His goal is to help more traders quit their corporate jobs to enjoy more freedom through trading.He began trading in 2013 at the age of 18 and started surrounding himself with highly successful traders in 2015. This led him to taking the leap to full-time trading in 2017. He has since been trading while traveling and connecting with traders all around the world.Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory.Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coachingAttend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpwIf you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

Subscribe to How To Trade ItTrading currency in the foreign exchange market (Forex, FX, etc.) can be challenging. In this episode of How to Trade It, I chat with Etienne Crete about his trading strategies, the challenges he’s faced, the right mindset to have, and how to properly manage your money. You’ll hear his background and the ‘why’ behind his start in currency trading.Etienne swing trades in the Forex market and is the CEO and Founder of ‘Desire to Trade’—a website and podcast geared towards helping serious traders quit their jobs and travel the world. He’s all about finding the freedom you desire and living the life you want and believes you can accomplish that trading. Listen to this episode for his strategies!You’ll want to hear this episode if you are interested in...[0:28] How Etienne Crete started trading Forex[2:00] The challenges Etienne faced[5:30] The action steps to take to find success[7:20] How to find mentors in the industry[9:05] We talk Etienne’s trading strategy[13:17] Etienne’s trading mindset[16:43] How to handle a losing streak[19:18] Really good money management tactics[21:30] How does a global recession impact trading?[23:05] Currency trading vs. stock market trading[24:51] Where Etienne is focusing his trades[28:25] Connect with EtienneResources & People MentionedWhat is a margin call?The Basics of Currency TradingConnect with Etienne CreteSign up for his email list on the Desire to Trade Website!Subscribe to Desire to Trade on YouTubeEtienne on LinkedInDesire to Trade Facebook PageDesire to Trade TwitterConnect With Casey StubbsTrading Strategy GuidesCheck out Casey on TwitterConnect with Casey on LinkedInFinance and Markets on FacebookThe Finance and Markets NewsletterSubscribe to How To Trade ItSupport the show (https://caseystubbs.com)

Is Desire to Trade and Etienne Crete a scam and fraud? Learn my opinion about Etienne Crete and Desire to Trade. Day trading and forex is a scam. And, in my opinion, those who teach it are frauds and scam artists. --- By becoming a student of BestStockStrategy, you can maximize your trading profits AND reduce your risk while also saving yourself time and avoiding mistakes. We provide the absolute best strategy and education so that you can optimize your success and become consistently profitable. --------- ✔️ Receive $400+ of Free Training by visiting https://BestStockStrategy.com ✔️ Enroll as a Student (Options Trading Education & Real-Time Trade Alerts): https://beststockstrategy.com/members... ✔️ 7 Day Trial of Real-Time Trade Alerts for only $19: https://beststockstrategy.thrivecart.... ✔️ Receive a FREE week of trade alerts by signing up for Tastyworks using my referral code: https://start.tastyworks.com/#/login?... ✔️ Book a 30-Minute Call: https://beststockstrategy.thrivecart.... ✔️ Discover how to Land a Finance Job: Insider Secrets Revealed: https://LandaFinanceJob.com ✔️ **NEW** Podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/6J7zlcl... Stitcher: https://www.stitcher.com/podcast/weal... Questions? E-mail me: David@BestStockStrategy.com --------- BestStockStrategy provides the absolute best way to be a profitable trader in the stock market. You will receive the best financial education, real-time trade alerts and Options Trading education products You'll learn the best options trading strategy and you'll learn optimal stock market strategies that Tastytrade and Option Alpha don't teach. You can become successful in stock trading and learn how to make money by trading stock options Learn how to invest in the stock market, option market and how to make consistent profits in the financial markets. We teach our students how to become successful and profitable investors and traders. Please subscribe, comment, like & share this video.

Swing Trading Algorithm: How We Built & Made It Profitable! ft. Alejandro Pérez In episode 214 of the Desire To Trade Podcast, I sit down with Alejandro to talk about the story and process we went through developing our algo portfolio and more specifically the BB R  Trading Algo.   >> Watch the video recording! In This Episode, You'll Learn... Topic intro 00:22 Why Etienne needed an algo 01:10 How we got to work together 04:51 Story of the Trading Assistant development 08:09 Difficulties and issues we found along the way 10:04 SPONSOR: Soft4FX (manual backtesting software for MT4) 17:05 How we determined that something worked or not in the algo18:15 How to make sure your algo is trading as it should 20:26 The importance in testing and letting go when developing a strategy 25:00 Learn from the masters and then make it yours 26:54 How Alejandro learned to code for himself 28:28 Mixing Human discretion with Algo trading (this is what top prop firms are doing) 35:13 Example results from the BB Reversal algo portfolio  42:27 The value of compounding in a portfolio 46:07 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned FXPro Quant App (free algo builder) TickDataSuite (high-quality data for algo backtest on MT4) MT4 ReportManager SPONSOR: Soft4FX (manual backtesting software for MT4) Charts and Images discussed Telegram Alert Example 8:40 BB R Algo Portfolio Backtest Results 42:27 BB R Algo Portfolio Compounding Backtest 46:07   DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) Pepperstone (special signup offer) SCM (Scandinavian Capital Markets) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes Where to find Alejandro Pérez! Email Twitter Desire To TRADE Academy What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

In this episode I chat with Etienne Crete about trading forex for a living. We cover topics like Etienne's strategy, trading mindeset, trading psychology and multiple streams of income.

 Full-Time Forex Trader Q&A In episode 208 of the Desire To Trade Podcast, I am joined by Alejandro from the DesireToTRADE Team to answer your questions about trading. Are you ready for it? Watch the video interview! In This Episode, You'll Learn... What does a perfect trade mean and should you trade only "perfect" setups? 01:33 Is your trading system irrelevant? and can good money management make any system profitable? 03:52 Do we trade systematic or discretionary systems? 09:03 Should you trade and master 1 instrument or trade a group of instruments? 11:48 Should one start live trading with day trading or swing trading? 15:13 How to deal with "large bank manipulation"? 20:27 How much capital do you need to trade for a living? 27:51 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned Soft4FX (manual backtesting software for MT4) TickDataSuite (high-quality data for algo backtest on MT4) Making a Living Trading Forex video series One-Page Trading Plan DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) DesireToTRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes

In this episode, I am chatting with Etienne Crete about how he created his dream lifestyle. Etienne found a passion for trading stocks and realized with would allow him to follow one of his dreams to travel the world - so that is exactly what he did. Let's dive into how he manages to travel all over the world while profitably trading stocks and documenting his journey. You can learn more about Etienne by visiting desiretotrade.com/ryan. Website: www.desiretotrade.com Youtube: https://www.youtube.com/desiretotrade Instagram: https://www.instagram.com/etiennecrete/ #Four ways you can support this podcast: Take a screenshot of this podcast and send it to a friend who may like it I am doing a drawing for a free hard copy of The Side Hustle Journal for every 5 iTunes reviews. So if you want a chance to win, leave a rating and review on iTunes or Apple podcasts and send me an email at hello@gritandhustle.co. Detailed instructions on how to do this are at www.gritandhustle.co/review Take your side hustle to the next level by implementing a sales funnel to turn your passive website visitors into paying customer with ClickFunnels, the #1 sales funnel software in the world. You can get a free trial by going to www.gritandhustle.co/profit If you are interested in podcasting, which is the fastest growing content medium in the world, head over to www.gritandhustle.co/podcastingmadeeasy to enroll in my course now. If you have an awesome side hustle that you would like to share with the world, I'd love to have you on my podcast. You can schedule a podcast interview by going to calendly.com/gritandhustleco/guest

The 3 Simple Steps To Trading - Show Notes   In this episode, I share with you the 3 simple steps to trading. We're getting real simple here so you can start to get results in the shortest period of time. Topics Covered In This Episode First Step - Plan [00:57] Second Step - Execution [03:53] Third Step - Review [06:39] Recap [09:29] And more! DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program   What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Travel the world whilst trading forex with Etienne Crete a swing forex trader who shows how much freedom traders can have, Louise Bedford tells you to reframe losses in your mind and Chris Tate shares on underwater equity curves. How hard can it be? Mindpower Before you start trading you think how hard can it be? But losses can feel hard and sometimes they feel more important than those big wins. Reframe those trading losses.   A Little Trading – Chris Tate What is an UNDERWATER EQUITY CURVE and why is it important?       Etienne Crete Swing Forex Trader Etienne Crete lives the life style a lot of traders would like to live. Etienne trades Forex whilst travelling the world. Life for this Gypsy Trader is interesting to say the least. Combining his two passions travelling and trading he has a lot of stories to tell. With a backpack, computer, hard disk and a journal Etienne ventures into foreign countries and trades to maintain his life. Firstly he trades forex so he isn’t restricted to different time zones. But there are still many more challenges such as access to wifi, being lost or travelling in countries where it is illegal to trade. He has found it particularly important to have STRUCTURE and a morning trading routine wherever he is in the world. He spends his morning trading and then goes about his day adventuring, exploring and meeting people. His advice to people is to break down your goals and make sure you surround yourself with the right people. If you want to be a successful trader surround yourself with people who are already there will make you travel faster. To find out more about Etienne go to: www.desiretotrade.com  

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Ep. 87 – Surround Yourself With Traders For Success – Etienne Crete   Trade with XTB and get a 15% spread rebate – exclusive to TBT listeners! www.twoblokestrading.com/xtb Edgewonk Trading Journal Webinar: https://twoblokestrading.com/edgewonkwebinar   In this episode: Our Guest Etienne Crete explains why surrounding yourself with successful traders means you’re more likely to become profitable yourself Brendan gets itchy feet… Tom…

Ep. 87 - Surround Yourself With Traders For Success - Etienne Crete Trade with XTB and get a 15% spread rebate – exclusive to TBT listeners! www.twoblokestrading.com/xtbEdgewonk Trading Journal Webinar: https://twoblokestrading.com/edgewonkwebinar In this episode: Our Guest Etienne Crete explains why surrounding yourself with successful traders means you're more likely to become profitable yourself Brendan gets itchy feet... Tom presents the conclusion of his crypto trading broker review Trader Interview - Etienne Crete - Surround Yourself With Traders for SuccessOur guest this week Etienne from desiretotrade.com (also the host of the desire to trade podcast) provides valuable insights into a whole bunch of topics which includes: Success breeds success; the importance of surrounding yourself with successful traders in order to breed success in your own trading Creating solid trading habits; we addressed one of the hardest things that a trader needs to become proficient in which is identifying and developing the habits needed to ensure success Treating trading like a business; a lot of us are guilty of it getting into trading for the wrong reasons (seeing the amazing returns/life styles that could be possible) and we forget the hard work that's required in between in order to get there! So treating trading like a business will allow us to focus our efforts which in turn increases our likelihood of achieving profitability Travelling the world while trading; during this portion of the interview the two blokes turn ever so slightly green with envy as Etienne explains how he's turned his passion for trading and travelling into a realityCrypto trading broker review 2018Tom spent the whole of last week researching and analysing the offerings open to us Traders who want to get stuck into crypto trading space. It's important to note that as with anything relating to cryptocurrencies it can change with the drop of the hat and often does  sometimes two or three times a week so please note the data of this research was accurate at the time of writing :) .There are around 4 - 5 good brokers that are now offering cryptocurrencies however each have their pros and cons go to this link to find out more.Call us biased if you like however XTB performed extremely well during the research and it's still are recommended crypto trading broker you can sign up for an account here. 

My very first guest to be interviewed on this podcast is Etienne Crete from "Desire to Trade." He swing trades the Forex market, watching 15 pairs on multiple time frames, with an emphasis on looking at significant support and resistance zones and Bollinger Bands. His initial interest in trading began as a university student and he shares with us the biggest lessons he learned during his 2 year journey to becoming a successful trader. Here are just a few of the things discussed in this episode: Focus on the process, not just your expectations. How he incorporates his trading style with his lifestyle and love for travel. "The best winning strategy you can write on a napkin!" Why trading on an iPad didn't work well for him. After interviewing nearly 100 traders on his "Desire to Trade Podcast," what he found they all have in common. What pivotal event turned his trading around. Etienne's recommended books: "The Daily Trading Coach" by Brett N. Steenbarger. "Psycho-Cybernetics" by Maxwell Maltz His favorite trading tool: Using Trello.com to post his trading journal. Get more information here: https://www.youtube.com/watch?v=GyeFNCfomOA Special Offer: His Free One-Page Trading Plan Template: https://www.desiretotrade.com/topdogbonus Etienne's web site: https://www.desiretotrade.com Etienne on social media: https://www.youtube.com/c/desiretotrade https://www.facebook.com/groups/desiretotrade https://twitter.com/desiretotrade   Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules Go get it for free while the show is still new.

My very first guest to be interviewed on this podcast is Etienne Crete from "Desire to Trade." He swing trades the Forex market, watching 15 pairs on multiple time frames, with an emphasis on looking at significant support and resistance zones and Bollinger Bands. His initial interest in trading began as a university student and he shares with us the biggest lessons he learned during his 2 year journey to becoming a successful trader. Here are just a few of the things discussed in this episode: Focus on the process, not just your expectations. How he incorporates his trading style with his lifestyle and love for travel. "The best winning strategy you can write on a napkin!" Why trading on an iPad didn't work well for him. After interviewing nearly 100 traders on his "Desire to Trade Podcast," what he found they all have in common. What pivotal event turned his trading around. Etienne's recommended books: "The Daily Trading Coach" by Brett N. Steenbarger. "Psycho-Cybernetics" by Maxwell Maltz His favorite trading tool: Using Trello.com to post his trading journal. Get more information here: https://www.youtube.com/watch?v=GyeFNCfomOA Special Offer: His Free One-Page Trading Plan Template: https://www.desiretotrade.com/topdogbonus Etienne's web site: https://www.desiretotrade.com Etienne on social media: https://www.youtube.com/c/desiretotrade https://www.facebook.com/groups/desiretotrade https://twitter.com/desiretotrade   Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules Go get it for free while the show is still new.

Key Experiences & Breakthroughs As A Forex Trader – Show Notes Episode 110 of the Desire To Trade Podcast is a reversed interview! My show gets taken over by Forex day trader Kevin Hunt, who asks me questions about my key experiences & breakthroughs as a Forex trader. It was definitely nice talking with Kevin and getting to share more of my past experiences on the podcast. If you haven't done so, I recommend you listen to episode 105 in which I interview Kevin. To learn more about me & what I've been up to, head over the About page. You'll learn what I think of trading, why I do it, and more! Do you enjoy the podcast? If you enjoy the podcast, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast. Reviews are always appreciated! Share This! "Consistent actions lead to consistent trading results. Plan, trade, review, act, but never ever compare yourself to other people." - Etienne Crete   My 6 Key Lessons From This Episode A Trading Strategy Is Built By Combining Things From Various Sources/People I believe that there's a common path most Forex traders go through. They start to trade and take pieces from other traders they meet over time. Very rarely you will find a trader who just copied someone else and then became successful. That's why you might need to invest in many courses & coaches before jumping to full-time trading. The key is to keep building things over time. I never regretted investing in myself because I always got a new lesson I hadn't got before. Find/Use Indicators That Make Sense To You Some traders love indicators. Some traders hate them.  What I think is essential is to find things that make sense to you.  Trading using the Bollinger Bands makes sense to me, but that doesn't mean I'll use them forever. You must be willing to adapt. The thing is, you'll discover pretty quickly whether the tools you use to trade are right for you or not. Adopt A 'Continuous Progress' Mindset For me, it doesn't matter if I fail a little or if I don't perform as I expected it.  That's because I come into trading, business & life with a 'continuous progress mindset'.  If you screw up today, don't think about how bad it is. Instead, think of how you can make things better. Be action-focused & keep your eyes on where you're heading!  Listen: 034: Trade With An Edge & Growth Mindset - Mike Bellafiore Hang Out With Other Traders To Overcome Hard Times Without any doubts, the thing that helped me the most in improving my trading was hanging out with more traders. I started to trade by myself and stayed by myself for roughly the first 2 years. Then, I began going to Meetups & events. I started the podcast. Those were occasions for me to get bits of advice from the people who had achieved what I wanted to achieve. I can't urge you enough to do that. The key when you want to surround yourself with more traders and/or successful people is to add value. Don't try to gain/take from other people. Honestly, provide value and you'll be amazed by what you get out of it! Being Convinced A Trade Is Right = Worst Trading Mistake During the interview, I share an example of one of worst trades (taken on the SPX500). That was in 2013, I believe. At the time, I was completely sold on this trade and found all the reasons why it would work out. I kept adding to the trade, and of course, it didn't work out. Look At Your Results At Intervals Of 10-20 Trades Only A few months ago, I began sharing my trading results on this blog. I think that was a mistake, but let me explain...  The results of a month's trading aren't significant if you only took 5-10 trades that month. It doesn't really show whether your stats are accurate because your sample size isn't big enough. I intend to keep sharing my trading results but will do so only at intervals of 20 trades. This will be a better opportunity to go back and re-evaluate whether those 20 trades respect the typical statistics of my trading strategy. You should do the same when looking at your results. Don't look at your stats after every trade! Resources Mentioned The Intelligent Investor by Benjamin Graham: the very first book I read about the markets. Kim Krompass' Interview: mentioned when talking about trade results. Desire To TRADE's daily vlogs: I grouped my travel videos by countries. Perfect to binge watch them :) Desire To TRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Me? I typically list the various places where you can find my guests here. I'd be happy to connect with you on the following social media: Facebook Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

This is a special edition of the Desire To Trade Podcast. In episode 97 of the Desire To Trade Podcast, I get interviewed by George Papasov and share my experience on how I got to trade Forex and travel. I recorded with George a two-part interview. In the second part (this podcast episode), I get interviewed. George asks for my best tips for traders who look to trade Forex and travel. If you haven't listened to the first part in which I interview George, check it out here.  I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.Share This! "I spend more time waiting than trading" - Etienne Crete  In This Episode, You’ll Learn… How & why I got started in Forex trading. The results of my first trip and what I changed for my 2nd trip. My #1 advice for traders who want to travel. What happens when you get back home after a trip where you trade Forex and travel. My trading and traveling routine & strategy How I set my stop loss with percentages and why that's essential for my success. How you need to see this business today if you want to trade Forex and travel while you trade for other people.  And much more! DesireToTRADE’s Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy Resources Mentioned In This Episode One-Page Trading Plan Template: my 1-page template that simplifies your trading and is proven to keep you focused! What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Etienne Crete is a full-time trader who was sick of the get-rich-quick schemes and fake millionaires and decided to create a safe place where aspiring traders can learn a solid process that will get them results and won't let them down. He started Desire To Trade https://www.desiretotrade.com/ Etienne has a successful podcast where he interviews other successful traders about their process and trade tips.  You can see 5 of his most exclusive interviews here: http://www.desiretotrade.com/5-exclusive-interviews/ He is also gifting us with his one-page trading plan template: http://www.desiretotrade.com/5-exclusive-interviews/ and his free complete price action checklist here: http://www.desiretotrade.com/complete-price-action-checklist/ For show notes and more info, check out my website at www.tradingwithvenus.com This podcast is more about the mental tenacity and tricks to Forex trading and if you are interested in the technical analysis behind the trades, check out my other podcast, The 10,000 Trades Show at www.10000trades.com If you are new to training and want to get a head start, check out my free video course at http://tradingwithvenus.com/forexintro If you have been trading for awhile and want to improve your skills, my Learn To Trade Forex video course will take you through the step-by-step process of becoming consistently profitable.http://tradingwithvenus.com/forexcourse