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

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

Hugh Kimura from the Trading Heroes Blog interviews professional independent traders and industry experts to help you learn how to trade and live better. Becoming an independent Trader is not easy, but if this is what you aspire to, subscribe to this podcast to get tips, ideas and inspiration to help you reach your trading goals. You don't have to trade alone!

  1. 05/12/2022

    Taking Backtesting Software to the Next Level: NakedMarkets // EP30

    ? In This Episode: * Why this trader created his own backtesting software * Where he learned to trade and the timeframes he trades on * The website where he shares some of his trading strategies and track record * How to create drag-n-drop entries and exits WITHOUT coding * Manual backtesting demo and how his software speeds up the process * Demonstration of creating and testing automated strategies * Free historical data from multiple brokers * How this software could easily replace your trading journal * And more! There's a big difference between software that's created by someone who trades and someone who doesn't. This is one example. I met Denis at The Truth About FX conference in 2017. At the time, he was trading full-time and providing trading signals. I talked to him a bit on the train ride back from central London. In talking to him, I found out that he is Beta Trader. It's always cool to meet people behind trading sites. I didn't keep in touch with him after that. Then a few months ago, I got a message from him via Walter's forum, asking me if I wanted to test his new software called NakedMarkets. I'm always open to testing software from people I know, so I volunteered to be a tester. We are both students of Walter. As soon as I read through the documentation, I knew that he had something special. There are features that I haven't seen in backtesting software under $500, and some features that I haven't seen anywhere. What I like most about his software is that it is very modular. So you can create small components, like entry and exit rules. Then you can simply drag and drop those rules on your chart to speed up manual backtesting. Or you can use those components to build fully automated or semi-automated trading strategies. One thing that I've been looking for is an easy way to automatically download trades from Oanda and analyze the performance of the account. I thought that a trading journal was the solution. But I asked Denis if it was possible to do it in NakedMarkets and he implemented it in just a few days. Amazing! So NakedMarkets can also be used to analyze live trading performance. Anyway, there's nothing like seeing the software in action. So watch the video find out more about Denis and how the software works. You can get a special Trading Heroes discount on NakedMarkets on this page. Click Play to Watch the Episode Resources Mentioned * NakedMarkets backtesting software * Walter Peters * NakedMarkets Forum * The Truth About FX Conference Other Ways To Get The Trading Lifestyle Podcast * a href="https://www.tradingheroes.

    38 min

  2. 04/18/2019

    Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad // EP29

    Running a Forex brokerage is a really tough business. Oh the stories I've heard…. So why would anyone want to start one? In this episode, I sat down with Arif Ahmad, co-founder of Scandinavian Capital Markets (SCM), a ECN broker in Stockholm Sweden. As it turns out, Arif had good reasons to get into the brokerage business. As money managers, they were tired of getting pushed around by shady FX brokers. They figured that they only way to get good service was to provide it themselves. That is how SCM was born.  They are based in Stockholm, Sweden and as it turns out, there are several advantages to having a brokerage there. With many countries reducing Forex trading leverage to 30:1 or lower, it is becoming harder to find brokers that will support more highly leveraged trading. Obviously, leverage is a double-edged sword and not for the beginner. But I personally believe that traders should still have the option to be able to access higher leverage. Having a broker in Sweden gives traders the advantage of still being able to access 100:1 leverage, in a country with a stable banking environment and a reasonable amount of regulation. The alternative is usually to go to places that are havens for dodgy offshore brokers like Cyprus or Malta, which are like the Wild West, when it comes to regulation. As I've mentioned before, the best broker for you will depend on where you live, how you trade and what you value in a broker. So always do your own due diligence when choosing a broker. Even if you aren't looking for a new broker, this interview is an inspiring look at the entrepreneurial journey of two guys who saw an opportunity to create a better product and are working hard to make that happen. I hope you enjoy listening to this interview as much as I enjoyed doing it. Note: Since they are based outside of the US, they cannot accept US clients…per US laws. In This Episode * How Arif got screwed over by Forex brokers as a money manager * Why Sweden is a great place to have a Forex brokerage * What led to the formation of Scandinavian Capital Markets (SCM) * The cultural changes that SCM wants to create in the Forex world * And more! Click Play to Listen to the Interview Resources Mentioned * Scandinavian Capital Markets * Valhalla * Book a meeting with Arif or someone on the SCM team Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3 * Click here to hear all of the other podcast episodes Thanks for Listening! I really appreciate you joining me for this episode of the podcast.

    34 min

  3. 11/11/2017

    Joan Sotkin: How to Change Your Wealth Mindset and Align Yourself With Money // EP28

    In this episode of the Trading Lifestyle Podcast, I had the pleasure of sitting down with Joan Sotkin, a prosperity and mindset mentor. As you get deeper into trading and get past making all of the beginner mistakes, you start to learn that trading is much more about your mindset than your trading system. That's how you can usually tell a new trader from an experienced trader. But tuning up your mindset is not an easy task. Believe me, I know first hand. So the more people you can get to help you with your wealth psychology, reconciling your childhood hangups and releasing negative emotions, the higher your probability of succeeding in trading. Joan is one of those people who can help you do these things. In fact, she shares a couple of exercises in this interview that you can do right now to help you understand some of your core beliefs related to money. Remember, the person who helps you with these things does not have to be a trader. The principles of a wealthy mindset and releasing negative emotions are universal to success in any business. I hope you enjoy listening to this interview and learn as much as I did. In This Episode with Joan Sotkin * Why Joan went bankrupt making $50,000 per month. * What she realized about her relationship to money that helped her get on the right path. * Why she gave away all her possessions and traveled the world (and why you don't have to). * How to figure out your money habits and change them. * Turn your current negative emotions into an audible sound and replace it with a positive emotion. * Your perception of life is only one side of the story. Click Play to Listen to the Interview Resources Mentioned * Prosperity Place * Get a free call with Joan here * The Search for Connection: A Spiritual Journey to Physical, Emotional, and Financial Health Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3 * Click here to hear all of the other podcast episodes Thanks for Listening! I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below. If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated!

    40 min

  4. 08/03/2016

    Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work // EP27

    Managing money is one way to become a professional trader. But the process can be confusing and sometimes a little scary. After all, you don't want to do anything wrong. Of course, this podcast is for education purposes only and is not legal or trading advice. However Justin Hertzberg works with quite a few CTAs (Commodity Trading Advisors) and was generous enough to share his experience with them, so you understand how the general process works and where to get started. He is the president and CEO of Forest Park FX, a CFTC registered/NFA member introducing brokerage firm. After working for several Forex and equities brokerage firms as both trader and in-house counsel, he launched Forex Park FX in early 2013. In 2008, He left the traditional practice of law to pursue a career in trading. Forest Park FX works with forex traders and money managers to create customized brokerage and trading solutions to suit their individual needs and concerns. The company's offerings include cash back rebates for retail clients, algorithm development, and brokerage support for money managers and CTAs, among others. He began his career as a commercial and securities litigator for a large law firm after obtaining his juris doctorate and finance MBA from the University of Miami. Obviously, money manager requirements will vary by country and Justin is talking about US traders in this interview. But regardless of where you live, this interview can at least point you in the right direction and help you ask the right questions. We also chat about what Forex Park does for their clients and how broker rebates work. Since they are an Introducing Broker and not a primary broker, they have a lot more flexibility. They can also be more forthcoming about what is really good for clients, since they have a variety of brokers and services to choose from. On the other hand, brokers like FXCM only have one product (basically), so that is what they will try to sell you. Forest Park does their best to find out what the trader needs and steers them to the right broker. If you have ever wondered about rebates, Justin and I get into that too. Learn how they handle rebates and their stance on what clients should get. This is a very informative interview, so I hope you get as much out of it as I did! In This Episode * When you should become a CTA * When you might not want to become a CTA * CTA requirements * How to choose a broker * Educational backgrounds of money managers they work with * And more! Click Play to Listen to the Interview Resources Mentioned * Forest Park FX (US traders) * Forest Park FX (Non-US traders) * NFA * CFTC * Becoming a CTA * Call Justin at: +1 (561) 922-7616 * For questions: support@forestparkfx.com Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3...

    45 min

  5. 07/19/2016

    Greg McLeod: Forex Scalping For a Living // EP26

    A lot of people will tell you that scalping Forex successfully is simply not possible. Greg McLeod would beg to differ. In this episode, I had the pleasure of sitting down with Greg to find out how he scalps successfully, who his biggest mentors were and get into some of the “behind the scenes” stuff that has shaped him into the trader that he is today. Speaking of mentors, Greg has been taught by some of the best traders and trading coaches…ever. He grew up in South Central Los Angeles and later also taught public school in the area. If you are not familiar with that part of the United States, it is one of the roughest areas in the country and teaching public school there is no easy task. …and that is probably a big understatement. But Greg found ways to get students interested in learning, through trading…which is really cool. We have a very down-to-earth talk about some of his greatest achievements, what drives him as a trader and some of the most painful moments on his trading journey. I hope that you enjoy listening to this episode as much as I enjoyed doing it! In This Episode * His huge early win in Yahoo * The personality trait that makes him good at scalping Forex * The stocks that his public school students bought (and made money on) * Why he's always looking for “the party” * The lowest moment in his trading career * How talking to dudes in the bathroom might be good for your trading career * Why the idea of bulls and bears is a misconception * And more! Click Play To Listen To The Interview Trading Examples If you want to watch Greg trade live, here are a couple examples. They will give you an idea of how he trades and his results. Session 1 Session 2 Resources Mentioned * The Bible * The Market Wizards Books * Ari Kev – Trading to Win * Thomas Bukowski – Encyclopedia of Chart Patterns * Alexander Elder – Trading For a Living * Boris Scholssberg  * Gerald Appel – MACD Inventor * John Bollinger * Larry Pesavento * Rob Booker * Mark Douglas  * Watch Greg's other interview with Shaun Overton * Contact Greg: greg@elitetradersu.com Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * a href="https://s3.amazonaws.

    47 min

  6. 12/01/2015

    EP25 // The Forex Broker That Trades WITH Customers with Juan Colón

    Social trading is a bit like communism. – Juan Colón I'm really excited to present this episode of the podcast because I believe that this Forex broker has the potential to change how talented independent Forex traders get funded and can go on to trade for a living. Yes, I said broker.  Juan Colón is one of the co-founders of Darwinex, a Forex broker, slash investment platform. He is not a trader, but after you are done with this interview, I think you will agree that he and his co-founders are doing a lot for all the independent traders out there. Traders on the Darwinex platform can setup an account and build a track record and investors can place their money with traders that fit their risk tolerance. Yes, this sounds a lot like the copy trading sites out there, but it isn't. Trust me, it goes way beyond copy trading… For one, Darwinex does a lot to protect the trader's intellectual property (his/her trading). But that's just the start. I think that they are doing a great job of opening investment funding to independent traders and if you have been wondering how you can get funded, this might be a good alternative for you. In This Episode * Why social trading is like communism * How Darwinex separates the good traders from the bad * The story behind how Darwinex was started * What this means for US citizens * And more! Click Play to Listen to the Interview Resources Mentioned * Darwinex – The Darwin Exchange * Get a Trading Heroes invitation – If you would like to be invited to the platform and given promotional consideration on Trading Heroes to get more investors, contact me to learn more. Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3 * Click here to hear all of the other podcast episodes Thanks for Listening! I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below. If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated! Also be sure to check out the resources page for tips on the best education, FX trading software and more.

    30 min

  7. 10/15/2015

    EP24 // Joel Kruger: Investment Banker Turned Pro Forex Trader

    Joel Kruger started his professional career on a path that you might be able to relate to. He initially went to law school and later became an investment banker. That may not be a common career path, but many people who get into trading come from some sort of high-level profession. So if this describes you, and you don't want to be in that profession anymore, this interview might give you an alternative. When Joel saw a trading floor for the first time, he was hooked. His career in trading started as a currency analyst and he was eventually able to make the jump to full-time trading. But it wasn't easy. He admits that even though he knew how to analyze markets, trading them is a totally different story. There were several times when he wanted to quit. Find out why he stuck with it, what he has learned, the most important trait that he sees in successful traders and much more. So if you are an investment banker, it's not too late. If you want an alternative to the crazy hours, Joel's story might be an option that interests you. Enjoy! In This Episode * The biggest problem with the Forex market * Why Forex is the best market to trade * How to raise money with your trading skill * Why the size of your account does not matter * Joel's outlook on life and how that determines his trading style * Why ADHD can be a benefit to traders * And more! Click Play to Listen to the Interview Resources Mentioned * Paul Tudor Jones * Market Wizards * Reminiscences of a Stock Operator * Ugly Americans * Narcos – One of Joel's favorite TV shows, at the moment. Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3 * Click here to hear all of the other podcast episodes Thanks for Listening! I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below. If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated! Also be sure to check out the resources page for tips on the best education, FX trading software and more.       Disclosure:  Please note that some of the links below are affiliate links, and at no additional cost to you, I will earn a commission if you decide to make a purchase. I have experience with all of these people/products, and I only recommend them because they are helpful and useful, not because of the small commission I make if you decide to buy som...

    31 min

  8. 09/23/2015

    How Jarratt Davis Went From Successful Trader to Business Buyer // Ep. 23

    Jarratt Davis started out just like you. But he went on become the #2 ranked Forex trader in the world…according to Barclays.  He learned currency trading on his own and he had no previous experience or education. Like my last guest, his previous profession had absolutely nothing to do with trading. But his journey wasn't always easy… He actually “quit” trading several times because he could not find anything that worked. His trading went through the classic vicious cycle of: * Learn a system * Backtest a system * Fail at trading it in the live market * Look for a new system Sound familiar?  Finally, a chance meeting with a successful stock trader put him on the right track and he never thought about quitting again. In fact, he has several stories of how he met the right person, at exactly the right time. So it really does benefit you to just start talking to people you meet in your everyday life, because you never know how it might help your trading career. One piece of information that I found particularly useful is Jarratt's thought process when he is looking to take a trade. It might be very different from what you do, so I would recommend reviewing what he does before he takes a trade. I hope you find this episode as educational and enjoyable as I did. After the interview, I got to talking to Jarratt for a bit and he seems like a really down-to-earth and mellow guy. He has traded from all over the world and I hope you are inspired by his story.  So if technical analysis seems to be letting you down, you might want to take a closer look at what Jarratt is doing. Enjoy! In This Episode * Why Jarratt sold his previous business * Learn how FOMO affects his trading * Other ways he tried to make money online * How a banner ad on a website changed his life * Why talking to random people on the internet can be the best thing for your trading * The trading scam that Jarratt lost money in, that convinced him to learn to trade for himself * Why he primarily believes in fundamental analysis * And more! Click Play to Listen to the Interview Resources Mentioned * JarrattDavis.com * Trading in the Zone – Mark Douglas * High Performance Trading – Steve Ward * Way of the Turtle – Curtis Faith Other Ways To Get The Trading Lifestyle Podcast * Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated) * Click here to subscribe via RSS (non-iTunes feed) * Right-click here and “Save As” to download the MP3 * Click here to hear all of the other podcast episodes Thanks for Listening! I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below. If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on a href="https://...

    25 min
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About

Hugh Kimura from the Trading Heroes Blog interviews professional independent traders and industry experts to help you learn how to trade and live better. Becoming an independent Trader is not easy, but if this is what you aspire to, subscribe to this podcast to get tips, ideas and inspiration to help you reach your trading goals. You don't have to trade alone!

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