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In this episode of the Desire To Trade Podcast, I interview Scott Phillips, a full-time Forex swing trader living in Bangkok.
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).
Great video, I agree 100%.. I use elliot wave as part of my mean reversion systems because there are specific elliot wave an harmonic patterns that are good for trend analysis but I never try to use it to project out longer than the next move to a mean reversion. It just helps me determine, along with other indicators, where the current trend will reverse. I also only count the major waves, not the tens of fractal waves that make up the major waves like many eliot wave analysts will try to do. I also use a tool that automatically counts the waves for me given a strict set of rules. This allows me to count them the same way every time which is extremely important since eliot wave can be subjective. It is a helpful tool if done correctly but so many do not so I can understand his dislike for them!
Fantastic. As an Australian, I love to see other Aussies killing it, and doing it smart, particularly from humble beginnings. I want a mentor who tells me when I am "trading like a fuckhead"!! Definitely going to check out Scott's website and learn more from him.
+R3bL Hey man I don't know what your beef with Etienne is. Personally I'm the guy in the video, I think you can probably tell that I'm actually a real trader, and my honest sense (not having met Etienne before) is that he is a very smart guy, and a legit trader. As much as you can tell without actually watching him trade, I think he is probably pretty good. Just my totally unbiased opinion.
Etienne: Great interview! I always like the guys with unconventional backgrounds and are successful.
Especially appreciate the answer to your last question...These Vids are like reminders for me to stay focused (not just present--going thru the motions), and do the work...there is a part of academic work to do with back testing...practice, practice,practice...drill & kill...until exceptionally consistent in my execution.
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Determine whether the price of an asset is above or below the current price by expiry time.
Select the investment amount for the purchased option and open an order.
A Detailed FiNMAX Review To Investigate The Reliability Of The Broker.
Intro To FiNMAX Trading.
FiNMAX is one of the latest binary options brokers to cater to the global demand for improved binary options services. Although we see a lot of brokers trying different permutations and combinations while developing their binary options brokerage, FiNMAX is content with sticking to the tried and tested formula of a straightforward binary options service. The Binary Options market is a thriving industry, and brokers try to introduce new and innovative features that are designed to gain an edge in the competitive marketplace. Due to the ever-improving brokerage environment, traders these days have some of the most advanced binary options accounts and products that enable them to enjoy large profits than ever before.
FiNMAX, instead of trying out new concepts in binary trading, has taken all the accomplished products and services that are prevalent in the markets and added them to their brokerage account. As a result, what you get is a reasonably competent binary options account that cover all key aspects of binary options trading in an affordable package. Of course, not all is well with FiNMAX, as the broker has failed to address some of the pressing concerns that are relevant to its clients. In our FiNMAX binary options review, we give you a relatively transparent outline of what makes FiNMAX a good choice of a brokerage, and what are all the negative aspects that you should contemplate before opening an account.
Under first impressions, it is clear that FiNMAX has clearly understood all the primary requirements of traders. In fact, FiNMAX tries hard to display itself as a genuine binary options trading company, despite its humble beginnings in 2016. It was certainly refreshing to see that FiNMAX is located in the UK, with additional offices in Bulgaria, Cyprus, Australia, Canada, and Italy. The professionally designed website also leaves no stones unturned as to the commitment of the company towards ensuring complete transparency in its products and services.