In this trader interview, I sit down with Courtney Smith, a full-time trader & coach based in Dubai. This discussion is full of big takeaways and tips to help you at becoming a full-time trader.
📈 FREE Case Study “Quitting Your Job To Finally Trade Full-Time”:
#forextrader #trading #tradingforex
Chapters:
0:00 Start – The secret
00:34 Introduction
0:51 Why Courtney prefers living in Hotels instead of an apartment
1:32 What has changed with Courtney’s trading since the last interview
2:07 How Courtney trades Cryptocurrencies different from other assets
3:34 Deep dive at Courtney trading style and strategy
6:20 Why there are almost no books on trading fundamentals
7:16 How Courtney became the #1 performing Global Macro Hedge fund manager
8:58 How fundamental factors interlink the markets
11:03 Why technical analysis still has a place in the market
11:52 What makes successful traders different
15:11 Why traders sabotage themselves
19:33 How Courtney suggests traders find the correct system for them
24:49 Why you should stop backtesting your strategy too much
27:51 What are developing traders biggest mistakes
30:45 Courtney’s top advice for traders that want to start a Hedgefund
34:20 Why Courtney stopped trading external funds
42:27 Where to find Courtney Smith
// SOCIAL
Forex Trader Community (Facebook Group):
Facebook:
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone):
Forex Broker for Canada (Axi):
Best Platform:
Backtesting Tool:
VPS (for algo trading):
Trading Journal:
// MUSIC
David Cutter Music –
Andrew Applepie –
// 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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I JUST started investing. I'm 26 and I found a job that pays enough that my bills are paid and it isn't a factory job. But MAN if I could just live near that guy who afford to have him coach me I would make way more money than I do now. I've always been given criticism that I take things too literally. So I hope that whenever I do find a good system that I actually follow the rules and just let my emotions out into my body and not into my trades!
But I would seriously consider indebting myself for the rest of my life to that man if I could learn to make money hahaha, of course those are contradictory terms.
So good.
Hmm that's why Karen Foo said learn fundamental analysis im going to buy a book and learn it
MAN KEEP THE GOOD JOB! THANKS FOR DOING THIS! YOU'RE AMAZING!
I agree with every piece of information shared in this video.
Amazing interview, thank you!
this guy confirms that trading is the biggest headfk of a job, so much pain, so much stress, simply a psychological torture chamber, but hey the money is great
loll im that trader that doesn't shave and hangs out in Bangkok
I NEED THIS GUY! He hits the nail on the head on every point he makes. He described me over and over.. it seems so simple, yet I make it so hard… almost like I want to lose money. I'm always trying to trade trend reversals.. rarely works.
Wow, thanks for this video. Very interesting and informative.
You can hear 50 years of experience with every word.
Ty… Massive value
Excellent interview. Thanks for sharing!
20:27 what does he say here? Dianjin channel? Donjin channel? Diangin channel?
Hi Etienne, great videos you got here. Guys talking about their success in trading, their past tracks and how they got here, and revealing their trade secrets which I am very appreciative of. Would it be possible that they could also include where and what brokers are they trading on so that I or we — have a little than nothing confidence of that broker and not on brokers that just take advantage of us retailers. Thank you.
if it is so simple ………write a system right here>>>>>>
could you in a simple few words give a "system" to trade then??
what are some simple rules to trade then????
Great video! A lot of valuable insight.
Great video, nice chap.
I agree with him on technical analysis. I always hear people say indicators don't work or you have to use different strategies for different securities. And I use the same analysis no matter if I'm trading options, forex, penny stocks, or futures. The only thing I change are time frames
100% on the simplicity
I agree with his order of priority, with Psychology being the most important and risk management being a close second, and for an accomplished trader, this definitely the most important structure, because accomplished traders have already mastered entry and exits. If you haven't managed to master this, good luck taking multiple losses in row, followed by another series of failing trades, followed by another series of losing trades and so on. Does this guy really think if he was copping these sorts of results, his psychology would be in tack? I don't think so. Begginners need to paper trade and back test, at the same time, to get their entries and exits down pat. Once you've done this successfully for at least a year, then you open a tiny account and start to manage your psychology. The risk management should already be dealt with by then, as a result of your back testing and paper trading.
time frame , structure and discipline …..that's the formula …..nice interview
COURTNEY SMITH MAKE ME SUBSCRIBE .
The man thinks there’s no edge in price action trading
This guy is great.
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