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058: Peak Performance And Trading Success - Paul Wallace

058: Peak Performance And Trading Success - Paul Wallace

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders


058: Peak Performance And Trading Success - Paul Wallace

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

ratings:
Length:
44 minutes
Released:
Sep 19, 2016
Format:
Podcast episode

Description

Paul Wallace: Peak Performance And Trading Success Read the show notes: www.desiretotrade.com/paul-wallace/ In episode 58 of the Desire To Trade Podcast, I interview Paul Wallace, a trader with a high emphasis on peak performance located in London, UK. After a career in the Royal Air Force Paul started trading whilst working in the City during the dot-com boom of the late nineties. Paul is a professional financial trader with more than 24 years’ experience working in competitive, results-driven, performance environments. He has experience trading both as an individual and for funds. Paul has always been fascinated by success, achievement and peak performance, whether on the battlefield, sports-field, boardroom or financial markets. He blogs about his own trading at FXTraderPaul.com. He also runs the trader support practice, Tradingbeliefs, helping traders manage and improve their overall performance.   Fear-Based Traders (FBT) vs. Greed Based Traders (FBT) Fear-based traders must have a simple system and know exactly what they must do. You must ensure to eliminate doubts and be certain regarding when to pull the trigger. They are likely to avoid pulling the trigger in the face of small hesitations. Most Greed-based traders are normally bad risk managers as they are looking to get more out of the market. They must still have a simple trading strategy. The 3 Crucial Components Process: having a checklist you can rely to (like a plan pilot). Find out more about it in Creating Your Forex Trading Strategy Playbook Discipline: "being disciplined is part of the job description for being a world-class trader." If you aren't disciplined, you might need to re-evaluate whether you really want to trade. Self-Awareness: use your mistakes as an opportunity to learn by reviewing your performance.   Topics Covered - Paul Wallace Paul's take and prediction on Brexit A real explanation of a popular trading quote Paul's main trading strategies How Paul went from a Air Force to trading Why veterans are great traders The Process - Discipline - Self Awareness crucial components The importance of de-briefing Figuring out if you are a Greed-Based Trader (GBT) or Fear-Based Trader (FBT) Managing expectations 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!  
Released:
Sep 19, 2016
Format:
Podcast episode

Titles in the series (100)

My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down. The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.