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159: What It Takes To Be Successful In Trading - Barry Burns

159: What It Takes To Be Successful In Trading - Barry Burns

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


159: What It Takes To Be Successful In Trading - Barry Burns

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

ratings:
Length:
63 minutes
Released:
Sep 3, 2018
Format:
Podcast episode

Description

What It Takes To Be Successful In Trading   In episode 159 of the Desire To Trade Podcast, I am joined by Barry Burns, trader and owner of Top Dog Trading. Barry has been in a prior episode of the podcast (episode 116) a few months ago where he shared some anecdotes and he’s back today to discuss how he's been able to progress to become successful in trading. Watch the video interview here.    Topics Covered In This Episode Who Barry Burns is and what he does [0:40] How Barry Burns feels after many years of trading [3:49] The reason why Barry Burns keeps back testing strategies and testing things [10:17] Barry Burns’ favorite period of time, anecdote or story in his 50 years of trading [12:01] Trading to make a living with what Barry Burns know now and being passionate about it [16:29] The common things that people hear that are wrong or should not be applied in the market to become successful in trading [20:18] What technical analysis includes; reading chart patterns and indicators to become successful in trading [22:36] How possible (or not) it is to learn how to trade like banks [30:06] Which education is recommended for beginners and what they should learn to become successful in trading [32:27] Barry Burns’ best teacher or mentor and 1 or 2 things he’s been coached on [39:11] Risk management and money management to be successful in trading [42:25] Differences in the way he traded or the market in general back then [44:19] Worst years in trading where things did not fall as expected and Barry Burns had to work better [47:05] Recovering from drawdowns and not focusing on wins/losses to be successful in trading [49:56] Action steps that people should apply to become better traders [60:06] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome Top Dog Trading "Rubber Band Trade" Setup Barry’s Book: Trend Trading For Dummies Book: Technical Analysis for Dummies   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 (exclusive training program) How To Find Barry Burns? Top Dog Trading LinkedIn Twitter Facebook Youtube Instagram   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!  
Released:
Sep 3, 2018
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.