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Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Millionaire Trader Tips And Tricks In episode 377 of the Desire To Trade Podcast, Etienne sits down with Karen Foo, a Forex & stocks trader based in Singapore. They discuss millionaire trader tips & tricks as well as what it takes to become a consistently profitable trader. Watch the video interview! In This Episode, You'll Learn... 0:15 Introduction 0:29 What Karen has done in the past 4 years 4:09 The reality of staying in top performance in trading 6:46 How to manage your finances as a trader 9:10 Stretching outside your comfort zone can help you improve 9:49 What does it take to become a good trader 11:46 How to become comfortable with losses in trading 15:00 How to turn your trading around if you are losing 16:57 How to find good trading events 18:17 How a broker scammed Karen 21:51 How to do basic broker research 23:00 Karen's opinion on Cryptos 23:34 How Karen decided to use fundamentals for swing trading 24:47 The daily routine of a fundamental swing trader 28:08 How to build a successful trading lifestyle 30:04 Where to find Karen 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: EightCap (preferred Crypto and FX Broker) 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 How To Find Karen Foo? Website 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!
Why are there so few women traders compared to men? Well, women are more sensible you might reply. Trading is a high-risk game, so most women steer clear of it, that's another reply. Some women, though, are perhaps born to trade, as is the case with my next guest Karen Foo. Karen's parents are traders and investors, so for Karen growing up in Singapore trading seemed a logical choice for a career. She begun trading at university, where she excelled in trading contests and after a few short years became an inspiration to many young women interested in giving trading a go. Karen Foo. --BEFORE YOU HEAD OFF… as we all know, a lot can go wrong in trading. Some days you can find yourself gasping for breath and telling yourself you need a complete break from it.Well, take a look at this. It's a way of making passive income by taking a stake in the crypto space but doesn't require you to trade crypto. The company in question is called Yieldnodes. And essentially, what these guys do is provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It's very easy to get set up on the platform, and the returns are truly exceptional, averaging around 10% per month. Once you factor in compounding you could be looking at just north of 200% per annum. Here's another thing I think is really important: Yieldnodes have allowed members to audit their incomings and outgoings and found them to be entirely transparent. I personally think this is an exciting proposition and, if you sign up through my link, instead of the usual minimum deposit of 500 Euros, you can make a start with just 50 Euros. Heck, some people put that on the lottery every weekend! So why not plant a seed today with Yieldnodes and see what grows from there?Support the show (https://www.patreon.com/penrakespodcasts)Support the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Link up with me on Li.
Why are there so few women traders compared to men? Well, women are more sensible you might reply. Trading is a high-risk game, so most women steer clear of it, that's another reply. Some women, though, are perhaps born to trade, as is the case with my next guest Karen Foo. Karen's parents are traders and investors, so for Karen growing up in Singapore trading seemed a logical choice for a career. She begun trading at university, where she excelled in trading contests and after a few short years became an inspiration to many young women interested in giving trading a go. Karen Foo. --BEFORE YOU HEAD OFF… as we all know, a lot can go wrong in trading. Some days you can find yourself gasping for breath and telling yourself you need a complete break from it.Well, take a look at this. It's a way of making passive income by taking a stake in the crypto space but doesn't require you to trade crypto. The company in question is called Yieldnodes. And essentially, what these guys do is provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It's very easy to get set up on the platform, and the returns are truly exceptional, averaging around 10% per month. Once you factor in compounding you could be looking at just north of 200% per annum. Here's another thing I think is really important: Yieldnodes have allowed members to audit their incomings and outgoings and found them to be entirely transparent. I personally think this is an exciting proposition and, if you sign up through my link, instead of the usual minimum deposit of 500 Euros, you can make a start with just 50 Euros. Heck, some people put that on the lottery every weekend! So why not plant a seed today with Yieldnodes and see what grows from there?By pass the 500 Euro minimum requirment and start participating in the Yieldnodes project with as little as 50 Euros via this link while helping to keep this podcast going. Support the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Link up with me on Li.
Best of 2020 Podcast Episodes Roundup“Hello, fellow risk-takers, and welcome to My Worst Investment Ever,” that’s how I start every one of the 300+ My Worst Investment Ever Podcast episodes I have recorded. Below are some of the highlights from the 170 people I interviewed in 2020. One of the things that makes the investors, businessmen and women, and experts who come on the show extraordinary is their willingness to share their worst investment with the world. Most people I ask to go on the show say, “No, thank you.” The good news for you is that you don’t have to experience their loss. Listen and absorb the lessons they teach. Whether you’re an experienced investor or just starting your investment journey, these podcasts can give you a different investment perspective and expand your knowledge. To get straight to the lessons, just click here and download my one-page cheat sheet. https://myworstinvestmentever.com/ep250-stephen-kalayjian-the-key-to-success-in-trading-is-to-have-discipline/ (Ep250: Stephen Kalayjian – The Key to Success in Trading Is to Have Discipline)https://www.linkedin.com/in/stephenkalayjian/ (Stephen Kalayjian) is a Chief Market Strategist and co-founder ofhttps://app.tickertocker.com/ ( Ticker Tocker). He has decades of experience trading stocks, futures, currencies and has traded nearly 2 billion shares. Steve shared how, in his youth, he used his hard-earned money to buy 550 calls and assumed that stocks only went higher (they don’t). Key takeawaysDiscipline is the key to success It’s better to admit you are wrong; than to lose all your money Know when to continue or quit a specific investment https://myworstinvestmentever.com/ep248-karen-foo-risk-management-is-the-key-to-success-in-forex/ (Ep248: Karen Foo – Risk Management Is the Key to Success in Forex)https://www.linkedin.com/in/karen-foo-motivational-speaker-singapore-forex-trader-0182876b/ (Karen Foo) is a motivational speaker, financial trainer, and author. She has ranked #1 in a Singapore nationwide Forex trading competition. You can find her on herhttps://www.youtube.com/channel/UCcUOqJd-eRI3iVOBnPFpNdw ( YouTube channel). Karen shared how she lost her savings when she invested in forex and unit trusts without guidance and research. Key takeawaysRisk management is the key to long-term success Seek out mentors who are experts in what you want to learn Write out your investment plan before investing Do your research, ask more questions than you answer https://myworstinvestmentever.com/ep279-james-jani-you-may-gain-the-right-skills-from-the-wrong-path/ (Ep279: James Jani – You May Gain the Right Skills From the Wrong Path)https://www.linkedin.com/in/jamesjani/ (James Jani) is a YouTube Expert and Vlogger, who creates thought-provoking documentaries onhttps://www.youtube.com/channel/UCT0dmfFCLWuVKPWZ6wcdKyg ( YouTube) about Business, Money, and Life. James shared his story of investing years of his life into acting without success, only to realize later acting wasn’t what he wanted to do for the rest of his life. Key takeawaysBe brave to follow your purpose in life, no matter what. The skills you gain from every experience combine to help you create value in the future. https://myworstinvestmentever.com/ep249-chris-mayer-build-a-list-of-5-quality-companies-and-enter-at-the-next-market-fall/ (Ep249: Chris Mayer – Build a List of 5 Quality Companies and Enter at the Next Market Fall)https://twitter.com/chriswmayer (Chris Mayer) is the co-founder and portfolio manager of thehttps://www.woodlockhousefamilycapital.com/ ( Woodlock House Family Capital fund). He has authored four books, includinghttps://www.amazon.com/100-Baggers-Stocks-100-1-ebook/dp/B08NQ4YJC4/ ( 100 Baggers: Stocks that Return 100-to-1 and How to Find Them), ranked 4.6 out of 5 on Amazon with 290 reviews. You can follow him onhttps://twitter.com/chriswmayer ( Twitter). Chris’s worst investment story happened when he bought cheap companies while disregarding what
Michelle Martin talks to Karen Foo, speaker, author, investor to learn what moves forex markets, how you can start trading with small amounts, why a five second lag time on transactions is too long for professionals, psychological and approaches to risk one needs to keep in mind for successfully entering the world of forex. See omnystudio.com/listener for privacy information.
Michelle Martin speaks to Karen Foo, Motivational speaker, author, investor, TikTok Creator and co-author of a book, “Turning Ideas into Profit and Willis Lau, Financial Advisor and TikTok Creator for advice on how millennials can manage their money, highlights in their investment journeys and how to begin trading. See omnystudio.com/listener for privacy information.
Karen Foo is actively involved in speaking at various conferences, seminars, expos, workshops, toastmasters clubs, and publicly held events. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of young people, executives, and leaders to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING, AND ENGAGING TALKS. Karen has been ranked #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders and has shared the stage with top investment gurus and CEOs. You can find her on her YouTube channel and join 94,000 other people who are gaining from her videos about forex, stocks, markets, and much more! “In any failure in life, there’s a good side to it.” Karen Foo Worst investment ever Case of the curious intern Karen’s parents are full-time stock investors, and they exposed her to stock investing since she was young. That’s what sparked Karen’s interest in the financial markets. When she was on internship, she took her salary and put it into the Forex market, not knowing what she was doing. She thought she was smart back then, but it turns out that she wasn’t so smart and so she lost the $1,500 she’d invested. Once bitten twice not shy As if the loss was not enough, Karen went on to lose $6,000 of her mom’s savings. Karen believed that she’d make money by investing in unit trusts. Again, she thought she was smart enough to get a win, and so she went in blindly. No research, no guidance, nothing. Needless to say, she lost $8,000, part of which was her mom’s savings. Karen was broke, angry, and embarrassed. She’d assured her mom that she knew what she was doing, but now she’d lost all the money. Asking for guidance After losing money twice, Karen admitted that she needed help making the right moves. Now she works with various mentors, something that has seen her become #1 Singapore Forex trader. Lessons learned Forget get rich quick schemes Forex trading is not a get rich quick scheme, so don’t take shortcuts. Don’t ignore risk management One of the main reasons why a lot of traders lose money is because they don’t care about money management and risk management, which contributes to about 40% of your success as a trader. You don’t have to figure out everything on your own It’s ok to try and learn everything on your own, but you will be more successful if you work with a mentor. Mentors can teach you a lot more than you can learn on your own. Focus on your risk to reward ratio Don’t focus too much on the win rate; instead, focus on risk-to-reward ratio because forex trading is not about returns; it is about risk-adjusted returns. Andrew’s takeaways The best fund managers are risk managers The best fund managers are not the ones that hit the home runs, but the ones that never strikeout. These are the ones who avoid massive losses and know about risk management. Plan your success If you want to see success in forex trading, have a plan and strategy that fits your personality in place. Do this before you commit a lot of money. Listen to the losers There’s always going to be winners and losers in the stock market. However, people talk only about the winners. Listen to losers, and you’ll learn a thing or two from them. Actionable advice Find out how credible a coach is before you work with them. You can ask them a couple of questions or look at their content. Don’t fall prey to the kind of YouTubers who like to flex their lifestyle instead of teaching. You won’t learn anything from them. No. 1 goal for the next 12 months Karen’s goal for the next 12 months is to grow her YouTube channel. She also hopes to get back to speaking on stage and also publish a book she recently wrote. Parting words “Trading and investing is not a get rich quick scheme you’ve got to work hard, be patient, and you will get there. So for those people who preach to you get rich quick, just use that as entertainment.” Karen Foo Connect with Karen Foo LinkedIn Facebook Instagram YouTube Website Email: karen@karen-foo.com Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Andrew’s online programs Valuation Master Class How to Start Building Your Wealth Investing in the Stock Market Finance Made Ridiculously Simple Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points Connect with Andrew Stotz: astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Special 200+ Interviews Of Highly Successful Traders In episode 216 of the Desire To Trade Podcast, I sit down with Michael Toma to look back to the 200+ podcasts and 500 trading Vlogs that I made in these past years since starting DesireToRADE. We look at some of the best interviews as well as my journey developing the podcast and my own as a trader. Big thanks to all of you for listening to the podcast and watching the Vlogs, without all of you this would not be possible. Now let's get right into this special episode!! >> Watch the video special! In This Episode, You'll Learn... Welcome to the 500th Vlog and 200+ trader interviews at Desire To Trade 00:18 Did you ever expect to get to 500 vlogs and 200+ trader interviews? 00:56 Some of the interviews that Etienne really wanted and worked hard to get into the podcast 02:37 The value of listening to a variety of themes 03:19 On how to manage making vlogs, trading, and interviews on over 28 countries 04:51 How the vlogs are made (all the work and time that comes into each video) 6:15 Etienne's self thaught progress for making and editing the vlogs 07:52 Michael Toma's top 5 traders from the podcast 08:40 Navin Prithyani 08:55 Houston Truong 09:55 Mandi Pour Rafsendjani 11:01 Jerremy Newsome 12:16 Karen Foo 13:46 How Etienne's trading evolved thanks to the Desire To Trade Podcast 15:11 What are Etienne's plans for the future 16:10 What is Etienne most proud of from the journey of making the Desire To Trade podcast 19:40 The importance of meeting other traders to improve 20:24 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 Top Interviews from the DTT Podcast: Navin Prithyani : https://youtu.be/i9WbeAgRUDE Houston Truong : https://youtu.be/G2QePnYQBBY Mandi Pour Rafsendjani : https://youtu.be/pslHHqBjjDM Jerremy Newsome : https://youtu.be/8KMDuBCFlds Karen Foo : https://youtu.be/bIWwxYF-2HQ 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 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!
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Top 3 Trading Tips From Full-Time Trader – Show Notes In episode 186 of the Desire To Trade Podcast, I interview Karen Foo, a Forex trader, motivational speaker, and author. After ranking #1 in a Singapore nationwide Forex trading competition, she came on the podcast to share the lessons she learned prior to becoming a profitable Forex Trader. Watch the video interview here. Topics Covered In This Episode Karen's First tip for beginner traders, DONT RUSH (00:58) Karen's Second tip for beginners, stop looking for the holy grail (02:43) Karen's Last tip for beginners, be great at risk management (05:34) More About Karen Foo Karen is actively involved in speaking at various conferences, seminars, expos, workshops, toastmaster clubs and publicly-held events in Singapore and Malaysia. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of youths working executives and leaders of various companies to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING AND ENGAGING TALKS. Being labeled as the “quietest student and underachiever” throughout her life, she went on to win numerous awards in public speaking contests, scholarships and hosting large-scale events as an emcee. She was then featured in various print media for her academic achievements. She has also been invited to speak at an international conference to leaders from Brunei, China, Hong Kong, Laos, Malaysia, Vietnam, Indonesia, Myanmar, and Singapore. Karen has been ranked #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, and SMU. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She has shared the stage with top investment gurus and CEOs at an international expo held at Marina Bay Sands. She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to the National level contests. 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 How To Find Karen Foo? Website 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!
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
From "Stuck In Life" To Profitable Forex Trader – Show Notes In episode 120 of the Desire To Trade Podcast, I interview Karen Foo, a Forex trader, motivational speaker, and author. After ranking #1 in a Singapore nationwide Forex trading competition, she came on the podcast to share the lessons she learned prior to becoming a profitable Forex Trader. Topics Covered In This Episode How to manage speaking, trading and building a business 3:00 How Karen got involved in trading while doing an engineering internship 4:20 The kind of work Karen needed to put in to trade successfully 7:00 The lessons Karen Foo learned before becoming profitable 8:20 What Karen tells people who want to make a lot of money trading 10:05 Karen’s preferred trading style and how to find your style 11:55 How Karen manages multiple timeframes 13:05 What a day look like in the life of Karen Foo 13:35 Nick asks: Exercises to work on your trading psychology 15:13 The role of discretion in Karen’s trading 17:10 When in the day does Karen trades 17:45 What Karen is still working on (continuous improvement example) 18:20 How to improve yourself every day 19:30 Mary asks: What it takes to become a highly skilled trader 20:30 Karen’s journaling process and its importance 22:18 What Karen’s trading plan look like 23:18 Why patience leads to consistency & how to make it happen 25:20 More About Karen Foo Karen is actively involved in speaking at various conferences, seminars, expos, workshops, toastmaster clubs and publicly-held events in Singapore and Malaysia. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of youths working executives and leaders of various companies to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING AND ENGAGING TALKS. Being labeled as the “quietest student and underachiever” throughout her life, she went on to win numerous awards in public speaking contests, scholarships and hosting large-scale events as an emcee. She was then featured in various print media for her academic achievements. She has also been invited to speak at an international conference to leaders from Brunei, China, Hong Kong, Laos, Malaysia, Vietnam, Indonesia, Myanmar, and Singapore. Karen has been ranked #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, and SMU. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She has shared the stage with top investment gurus and CEOs at an international expo held at Marina Bay Sands. She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to the National level contests. 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 How To Find Karen Foo? Website 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!
Karen Foo is a successful motivational speaker and coach helping clients that are twice and three times her age become successful in their own lives. But Karen was once a very silent girl too afraid of bringing out her voice. Her silence led her to being bullied and never having the confidence to go after what she wanted to do in life. In this episode, you will learn how Karen was about to break the silence and how you can apply it in your own life. Check out thetaoofselfconfidence.com for show notes of Karen's episode, Karen's website, resources, gifts and so much more.
In today’s Q&A, special guest – John Lee Dumas helps Karen figure out how to get visitors to stay on her site longer. Karen has a lot of traffic coming from Pinterest and wants to increase how long visitors stay on her site from the current length of 11 seconds. Resources Mentioned in this Episode Today’s Expert is John Lee Dumas of EntrepreneurOnFire.com Today’s question from Karen Foo at kipkitchen.com Amy Porterfield Do you have a question about online business that you would like to have answered on a future episode of the Q&A with S&J Flipped Lifestyle podcast? If you do, it’s super-easy to submit your question. All you have to do is text the letters ‘QASJ’ to the number 38470 and we will send you a text message back with a link to our website where you can submit your question. That’s ‘QASJ’ to the number 38470. Send us your text and we will shoot you a link back where you can ask your question and maybe you can be featured on a future episode. If you are outside the United States or near a computer, you can also submit your question over on our website at Flippedlifestyle.com/QASJ.