Read New info Top Searched Best Trading Platform For Swing Traders, Swing Trader Success Story (Prop Firm Trading) – John Jost | Interview.
PRO | The Desire To TRADE Academy – http://bit.ly/2wSQkyx
In episode 200 of the Desire To Trade Podcast, I interview prop firm trader John Jost, whom I invited to share his swing trader success story.
John is a successful swing trader & chiropractor based in Denver, Colorado.
His style of trading reflects around price action, major support & resistance zones, longer time frames, good risk management, and minimal to no indicators.
What’s was particularly interesting for me is the fact that John has gone through the Desire To Trade Academy. He says it taught him things that he hadn’t learned before.
Another course John took is the one from Rob Colville (The Lazy Trader: http://bit.ly/2xbdUXe).
So without further ado, let’s welcome him on the Desire To Trade Podcast!
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// How to Find John Jost:
– Facebook Group: https://www.facebook.com/groups/forex4pros/
// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker: https://d2t.link/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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GoPro: http://geni.us/nIXw
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
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Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).
Best Trading Platform For Swing Traders, Swing Trader Success Story (Prop Firm Trading) – John Jost | Interview.
What are the most effective indicators for swing trading?
Swing Trading Indicators
Moving Averages. When you are considering relocating standards, you will be taking a look at the calculated lines based on previous prices.
Loved One Stamina Index. Among the most effective technical indicators for swing trading is the family member stamina index or RSI.
Quantity.
Place in the work needed over a minimum of 6 months to a year. Many investors stop working, so if you do not intend to fail you need to place in the job that will match those in the top 5%. It is only after you have actually mastered an approach when trading becomes much less demanding and less time-consuming. For instance, it will certainly take time to find out the methods in my Stock Market Swing Trading Video Clip Program. Once it is mastered, it just takes about 20 mins, one to 3 evenings a week, to apply.
What percent of swing traders achieve success?
Think a swing trader uses the same danger monitoring policy and also risks 0.5% of their resources on each trade with an objective of trying to make 1% to 2% on their winning professions. Presume they gain 1.5% generally for winning trades, losing 0.5% on losing trades. They make 6 professions each month and win 50% of those trades.
Basic Rules of Swing Trading
- Constantly straighten your trade with the overall direction of the market.
- Go long stamina. Go short weakness.
- Constantly sell harmony with the fad once frame above the one you are trading.
- Never trade just on the temporary graph of the swing-trading period.
- Try to go into the profession near the start of the fad, not near the end.
- Constantly apply the rule of “numerous indicators.” Do not trade on any kind of one technological device or principle alone.
- Keep your eye on the ball. Track a constant team of stocks.
- Constantly get in a trade with a clear trading strategy, the four key elements of which are a target, a limitation, a quit loss and an add-on factor.
- Attempt to put the probabilities in your favor.
- Be a “techno-fundamentalist” and integrate basics right into your technological analysis.
- Master the “inner video game” of swing trading. Fantastic trading is mental in addition to technological.
How much do day traders make annually?
That’s because along with regularly choosing victors, day investors have to get rid of 2 significant barriers: high short-term capital gains taxes and trading commissions. Thinking approximately 29 professions each day at $10 a pop, the normal day trader would certainly need to make $72,500 each year simply to break even!
Best Indicators for Swing Trading as well as Tips to Improve Trading Success
Swing trading is a fast-paced trading technique that is accessible to every person, also those very first beginning right into the world of trading. The speed is slower than day trading, which also provides you with sufficient time to formulate a process and also perform a little study before choosing on your trade. Swing trading is likewise a prominent means for those looking to make a venture into day trading to sharpen their abilities before embarking on the extra challenging day trading procedure.
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