In this episode of the Trading Lifestyle Podcast, I had the pleasure of sitting down with Joan Sotkin, a prosperity and mindset mentor.

As you get deeper into trading and get past making all of the beginner mistakes, you start to learn that trading is much more about your mindset than your trading system.

That's how you can usually tell a new trader from an experienced trader.

But tuning up your mindset is not an easy task.

Believe me, I know first hand.

So the more people you can get to help you with your wealth psychology, reconciling your childhood hangups and releasing negative emotions, the higher your probability of succeeding in trading.

Joan is one of those people who can help you do these things. In fact, she shares a couple of exercises in this interview that you can do right now to help you understand some of your core beliefs related to money.

Remember, the person who helps you with these things does not have to be a trader.

The principles of a wealthy mindset and releasing negative emotions are universal to success in any business.

I hope you enjoy listening to this interview and learn as much as I did.

In This Episode with Joan Sotkin

• Why Joan went bankrupt making $50,000 per month.
• What she realized about her relationship to money that helped her get on the right path.
• Why she gave away all her possessions and traveled the world (and why you don't have to).
• How to figure out your money habits and change them.
• Turn your current negative emotions into an audible sound and replace it with a positive emotion.
• Your perception of life is only one side of the story.

Click Play to Listen to the Interview

Resources Mentioned

• Prosperity Place
• Get a free call with Joan here
• The Search for Connection: A Spiritual Journey to Physical, Emotional, and Financial Health

Other Ways To Get The Trading Lifestyle Podcast

• Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated)
• Click here to subscribe via RSS (non-iTunes feed)
• Right-click here and “Save As” to download the MP3
• Click here to hear all of the other podcast episodes

Thanks for Listening!

I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below.

If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post.

Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated!

The post Joan Sotkin: How to Change Your Wealth Mindset and Align Yourself With Money // EP28 appeared first on Trading Heroes.

Managing money is one way to become a professional trader. But the process can be confusing and sometimes a little scary.

After all, you don't want to do anything wrong.

Of course, this podcast is for education purposes only and is not legal or trading advice.

However Justin Hertzberg works with quite a few CTAs (Commodity Trading Advisors) and was generous enough to share his experience with them, so you understand how the general process works and where to get started.

He is the president and CEO of Forest Park FX, a CFTC registered/NFA member introducing brokerage firm. After working for several Forex and equities brokerage firms as both trader and in-house counsel, he launched Forex Park FX in early 2013.

In 2008, He left the traditional practice of law to pursue a career in trading. Forest Park FX works with forex traders and money managers to create customized brokerage and trading solutions to suit their individual needs and concerns.

The company's offerings include cash back rebates for retail clients, algorithm development, and brokerage support for money managers and CTAs, among others. He began his career as a commercial and securities litigator for a large law firm after obtaining his juris doctorate and finance MBA from the University of Miami.

Obviously, money manager requirements will vary by country and Justin is talking about US traders in this interview. But regardless of where you live, this interview can at least point you in the right direction and help you ask the right questions.

We also chat about what Forex Park does for their clients and how broker rebates work. Since they are an Introducing Broker and not a primary broker, they have a lot more flexibility.

They can also be more forthcoming about what is really good for clients, since they have a variety of brokers and services to choose from. On the other hand, brokers like FXCM only have one product (basically), so that is what they will try to sell you.

Forest Park does their best to find out what the trader needs and steers them to the right broker.

If you have ever wondered about rebates, Justin and I get into that too. Learn how they handle rebates and their stance on what clients should get.

This is a very informative interview, so I hope you get as much out of it as I did!

In This Episode

• When you should become a CTA
• When you might not want to become a CTA
• CTA requirements
• How to choose a broker
• Educational backgrounds of money managers they work with
• And more!

Click Play to Listen to the Interview

Resources Mentioned

• Forest Park FX (US traders)
• Forest Park FX (Non-US traders)
• NFA
• CFTC
• Becoming a CTA
• Call Justin at: +1 (561) 922-7616
• For questions: support@forestparkfx.com

Other Ways To Get The Trading Lifestyle Podcast

• Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated)
• Click here to subscribe via RSS (non-iTunes feed)
• Right-click here and “Save As” to download the MP3
• Click here to hear all of the other podcast episodes

Thanks for Listening!

I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below.

If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated!

The post Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work // EP27 appeared first on Trading Heroes.

Social trading is a bit like communism.

– Juan Colón

I'm really excited to present this episode of the podcast because I believe that this Forex broker has the potential to change how talented independent Forex traders get funded and can go on to trade for a living.

Yes, I said broker. 

Juan Colón is one of the co-founders of Darwinex, a Forex broker, slash investment platform. He is not a trader, but after you are done with this interview, I think you will agree that he and his co-founders are doing a lot for all the independent traders out there.

Traders on the Darwinex platform can setup an account and build a track record and investors can place their money with traders that fit their risk tolerance.

Yes, this sounds a lot like the copy trading sites out there, but it isn't. Trust me, it goes way beyond copy trading…

For one, Darwinex does a lot to protect the trader's intellectual property (his/her trading).

But that's just the start.

I think that they are doing a great job of opening investment funding to independent traders and if you have been wondering how you can get funded, this might be a good alternative for you.

In This Episode

• Why social trading is like communism
• How Darwinex separates the good traders from the bad
• The story behind how Darwinex was started
• What this means for US citizens
• And more!

Click Play to Listen to the Interview

Resources Mentioned

• Darwinex – The Darwin Exchange
• Get a Trading Heroes invitation – If you would like to be invited to the platform and given promotional consideration on Trading Heroes to get more investors, contact me to learn more.

Other Ways To Get The Trading Lifestyle Podcast

• Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated)
• Click here to subscribe via RSS (non-iTunes feed)
• Right-click here and “Save As” to download the MP3
• Click here to hear all of the other podcast episodes

Thanks for Listening!

I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below.

If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post.

Be sure to subscribe to the show on iTunes and if you love it, a 5-star review is greatly appreciated!

Also be sure to check out the resources page for tips on the best education, FX trading software and more.

The post EP25 // The Forex Broker That Trades WITH Customers with Juan Colón appeared first on Trading Heroes.

I've been wanting to interview Shaun for some time now because I like what posts on his YouTube channel and I really wanted to get the perspective of a programmer who specializes in Forex.  I finally got around to asking him last month and I was happy when he agreed.

Shaun Overton first got interested in Forex as a broker on the automated trading desk of FXCM and has been interested in automated trading ever since. He has built a successful programming business, catering primarily to traders who use Metatrader and Ninja Trader.  This business has taken him all over the world and he has met some very interesting people as a result (some of whom are mentioned in the interview).

He has recently been able to hire someone to handle the day-to-day management of his programming business, freeing him up to devote more time to automated systems development.  So he is in a very interesting position, having done a lot of programming work for clients and being at the stage where he is working on developing his own systems to build his trading business.

If you make a living with your own small business but would like to move into trading for a living, this interview might give you a few valuable tips on making that transition.

Just like any other type of trading, automated trading will suit a particular type of person and we get into who fully automated trading could help and the type of trader that it might not help.  Although fully automated trading may not work for everyone, it can help most traders and you will learn how it can do that.  We also talk about how people should get started with automated trading, either by hiring a programmer or learning programming on their own, and how to set realistic expectations.

I sincerely enjoyed speaking with Shaun and his enthusiasm for trading really shines through in this interview.  Even if you do not think that there is any room for automation in your trading, I would still recommend that you listen to what he has to say because it may open your mind to a few new ideas.

Enjoy!

In This Episode

• The most interesting programming project Shaun has worked on
• How he became a programmer after majoring in history in college
• Who should be trading automated systems
• The most outrageous programming request that Shaun often gets
• How to know when you are in the “Fantasy Forex Dream”
• Shaun's results with Artificial Intelligence (AI) programming
• And more!

Resources Mentioned

• OneStepRemoved.com
• QuantBar.com
• The One Step Removed YouTube channel
• Learn to Program with C++ by John Smiley
• Renassanice Technologies
• Metatrader
• Ninja Trader
• Forex Tester

Other Ways To Get The Trading Lifestyle Podcast

• Right-click here and “Save As” to download the MP3
• Click here to subscribe to Trading Heroes YouTube channel
• Click here to subscribe via iTunes (if you like it, a five-star review on iTunes is greatly appreciated!)
• Click here to subscribe via RSS (non-iTunes feed)
• Click here to hear the other podcast episodes

Disclosure: Some links on this page are affiliate links where this site gets a small commission if you purchase through these links. But it doesn't cost you anything extra and it supports this website.  A portion is also donated to my charity partner.

The post How Custom Programming Can Help Almost Any Trader With Shaun Overton // EP16 appeared first on Trading Heroes.

Hello Traders…today, I'm proud to present the next interview in my series called The Trading Lifestyle Podcast.  I hope you enjoy this interview because it was a lot of fun.

Jessica Peletier is a full-time trader who lives in Western Australia.  I discovered her through Twitter and have followed her Tweets and her blog posts for awhile now.  She always has insightful commentary about what it means to be a full-time trader.

As Jessica readily admits in the interview, she does not depend solely on her trading income to make a living because her husband has a full-time job.  However, her trading income does provide a nice supplement and keeps her from having to do some jobs that she has had in the past (and didn't like).

This allows her to live The Trading Lifestyle and spend a lot of time with her family.  She primarily trades currencies and CFDs.

What I enjoyed the most about speaking with her is her enthusiasm for trading.  Follow her on Twitter: @RogueTraderette; or check out her blog at: RogueTraderette.com.  If you have any questions for Jessica, feel free to leave a question below.

We discussed some interesting topics in this interview…

In this episode:

• How she got into trading
• What she was doing before trading
• Who Jessica learned to trade from
• How to gently let your spouse/partner get used to the fact that trading involves wins and losses
• What CFDs are and why are they just might be the best thing to trade ever (and why you might not be able to trade them)!
• How Jessica tests her trades
• What she does in her free time to enjoy the Trading Lifestyle

Click Play To Listen To The Interview

Other Ways To Get The Trading Lifestyle Podcast:

• Click here to subscribe via iTunes (If you liked it, a five-star review would be greatly appreciated, thanks!)
• Click here to subscribe via RSS (non-iTunes feed)
• Click here to hear the other episodes
• Right-click here to download the MP3

The post Jessica Peletier (AKA Rogue Traderette) – Full-Time Trader Interview appeared first on Trading Heroes.