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084: Trading The Daily Chart & Building Multiple Streams Of Income (@SiamKidd)

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084- Trading The Daily Chart & Building Multiple Streams Of Income - Siam Kidd

Siam Kidd: Trading The Daily Chart & Building Multiple Streams Of Income

In episode 84 of the Desire To Trade Podcast, I interview Siam Kidd, a Forex daily chart trader. Siam has a very interesting story of how he transitioned into trading and how he had to learn to trade the hard way. Trading the daily chart, Siam Kidd spends a great majority of his time building businesses.

In short, Siam has used Forex trading as part of its other streams of income to become financially independent. His trading takes on from 5 to 10 minutes a day on average, which means that Siam has enough time to concentrate on other interests/passions/businesses.

Throughout this interview, Siam placed a lot of emphasis on the fact that replacing a full-time job with full-time trading is none sense. The goal of Forex trading is to increase the freedom in your life, and Siam Kidd sees trading as a stream of income.

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You need to be prepared to live like most won't so in the future you can live like most can't. @SiamKidd Click To Tweet You need to be diligent (i.e. your trading journal and stats) and nonchalant (not giving a sh** about your trades). Click To Tweet

In This Episode, You’ll Learn…

  • Siam’s trading and review routines
  • The changes needed to go from not profitable to making little money in trading
  • The changes needed to go from slightly profitable to making high returns in trading
  • How it works: Trading the daily chart while building businesses
  • What happens when you start to treat trading as a profession
  • How Siam maximizes his returns toward the end of the trading year
  • How to reduce the feedback loop problem of swing trading
  • The type of businesses Siam is interested in building
  • And much more!

Resources Mentioned In This Episode

Trade Replay: the trade simulating software Siam mentions.

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!

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7 Comments

  1. Tiago Kaniak
    March 21, 2017 at 3:51 pm

    Awesome interview Etienne!
    One thing that I couldn’t find was the link for the Trading Replay Journaling Softaware.
    Do you have it?
    Thanks

    • March 22, 2017 at 3:58 pm

      Thanks a lot Tiago!

      I couldn’t find any link for the software.. Let me ask Siam and I’ll get back to you!

      Cheers!

      • Tiago Kaniak
        March 22, 2017 at 4:23 pm

        Thank you Etienne! look forward to hear back from you.

        • March 23, 2017 at 7:51 am

          Just added it to the show notes! https://tradereplay.net/comingsoon/

          • Tiago Kaniak
            March 23, 2017 at 8:57 am

            Thank you Etienne!!

          • May 24, 2017 at 4:44 am

            Hey Tiago, in case you’re interested, Trade Replay just launched their first version. Quick heads up!

          • Tiago Kaniak
            May 24, 2017 at 9:45 am

            Thank you Etienne, I’m on their website right now!!!