Successfully Swing Trading Forex & Looking At High Timeframes
In episode 50 of the Desire To Trade Podcast, I interview The Lazy Trader, a Forex trader using a method to trade higher time frames and maximize his lifestyle. He is the man behind the creation of the site The Lazy Trader. I came across his site and wanted to connect after seeing his philosophy on life and trading.
Rob trades exclusively on the daily and weekly time frames. He looks for several types of trades and does not care so much about trading. His goal is to have the life he desires first.
An important topic discussed during this episode is the importance of not setting your expectations too high. The #1 goal of a trader is to preserve the capital and the secondary goal is to trade. For a newer trader, the essential goal consists of not losing money. Then, over time, it is more acceptable to aim for a certain return.
If you fail to plan, you are planning to fail! - Benjamin Franklin Click To Tweet Eliminate your fears by sticking to the rules of your strategy and knowing you have an edge. Click To Tweet
- The Lazy Trader's learning process
- The one book that helped The Lazy Trader
- The amount of money you need to trade
- The Lazy Trader's lifestyle
- How to start trading higher time frames from scratch
- Using reward and punishments to reach your goals
- Using visualization to stay in the trading game
- 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!
The music at the end of the podcast has been produced by Daniel Hoshor. If you want custom & tailor-made music for your business, make sure to check him out at www.thedannyboiexperience.com.