5 min listen
037: A Truck Driver Who Blew Up 9 Accounts To Become A Profitable Trader w/ Ryan Herron
FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
037: A Truck Driver Who Blew Up 9 Accounts To Become A Profitable Trader w/ Ryan Herron
FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
ratings:
Length:
45 minutes
Released:
Apr 25, 2016
Format:
Podcast episode
Description
A Truck Driver Who Blew Up 9 Accounts To Become A Profitable Trader w/ Ryan Herron
Episode 37 of the Desire To Trade Podcast features Ryan Herron, a binary option and Forex trader.
HIs story of how he became a profitable trader is very interesting due to the fact that he blew up 9 accounts but kept going. He could see a progression in his results, which made him think that by staying in trading, he would eventually make it. And he did!
During this interview, Ryan and I discussed the fact that, while most traders are looking to get rich overnight, the right amount of action over a longer period of time is required. An aspiring lawyer or doctor must go through a long education process and spend a lot of money. Why would aspiring Forex traders avoid that?
Ryan mentioned the importance of focusing on ONE THING (one strategy or way of doing things). Then traders must not forget what comes after: being comfortable trading that one strategy. That strategy can be created or learned from someone else. Through backtesting, we, as traders, ensure that we know exactly what to do upon trading for real.
What’s covered in the podcast?
The difference between Forex and binary options
How Ryan kept going after blowing up 9 accounts
The steps Ryan took to learn and progress as a new trader
What Ryan sees as the biggest mistake traders make (hint: adding to a losing trade)
Examples of focusing on one thing to succeed
And so much more...
Resources Mentioned
Forex Tester 2 (affiliate link)
Forex Trading Strategy for Trending Markets (article I mentioned at the end of the episode)
Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/
Episode 37 of the Desire To Trade Podcast features Ryan Herron, a binary option and Forex trader.
HIs story of how he became a profitable trader is very interesting due to the fact that he blew up 9 accounts but kept going. He could see a progression in his results, which made him think that by staying in trading, he would eventually make it. And he did!
During this interview, Ryan and I discussed the fact that, while most traders are looking to get rich overnight, the right amount of action over a longer period of time is required. An aspiring lawyer or doctor must go through a long education process and spend a lot of money. Why would aspiring Forex traders avoid that?
Ryan mentioned the importance of focusing on ONE THING (one strategy or way of doing things). Then traders must not forget what comes after: being comfortable trading that one strategy. That strategy can be created or learned from someone else. Through backtesting, we, as traders, ensure that we know exactly what to do upon trading for real.
What’s covered in the podcast?
The difference between Forex and binary options
How Ryan kept going after blowing up 9 accounts
The steps Ryan took to learn and progress as a new trader
What Ryan sees as the biggest mistake traders make (hint: adding to a losing trade)
Examples of focusing on one thing to succeed
And so much more...
Resources Mentioned
Forex Tester 2 (affiliate link)
Forex Trading Strategy for Trending Markets (article I mentioned at the end of the episode)
Get the FREE Complete Price Action Strategy Checklist: http://www.desiretotrade.com/checklist/
Released:
Apr 25, 2016
Format:
Podcast episode
Titles in the series (100)
Introduction & What to Expect - Desire To Trade Podcast: In this podcast, I, the host of the podcast, introduce myself and provide information about the show as well as about my blog www.DesireToTrade.com. If you are new to trading, and even if you have experience in it, the Desire To Trade Podcast will be... by Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders