Using Trading Systems To Make A Living In episode 203 of the Desire To Trade Podcast, I speak with Scott Welsh, a systems trader.
We discuss his story as a Forex trader as well as how he was able to develop simple systems to make a living in the market.
Are you ready for it?
Watch the video interview!
In This Episode, You'll Learn... * Who is Scott Welsh and what he does? 02:16 * How Scott started trading 03:23 * How was the Scott's transition from Stocks to Forex 05:38 * Scott's main mistake when learning to trade 07:04 * Biggeset turning point in Scott's trading career 08:31 * How Scott handles long periods of profits or losses 12:08 * Why Scott loves to trade with algos 13:13 * How does Scott gets his systems programed? 15:45 * What is Scott's trading style 16:53 * What are the type of things that Scott's strategies look for 19:44 * How does Scott monitor and review his algo strategies 22:08 * Scott's advice for traders going into Algo trading 23:56 * How Scott goes from testing to trading his Algos 25:58 * What type of equipment and technology Scott uses to run his Algos 28:53 * Scott´s recommendations for all traders 31:14 * How Scott manages when Algos are not working well and have to be droped 24:23 * What Scott needs to trust his trading systems 36:59 * How can you find Scott Welsh 38:15 * 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!
Resources Mentioned * Virtual Private Server (VPS): AccuWebHosting FXVPS * VPN: Torguard VPN (use coupon code DTT10 for a 10% lifetime discount)
DesireToTRADE's Top Resources * DesireToTRADE Forex Trader Community (free group!) * Complete Price Action Strategy Checklist * One-Page Trading Plan (free template) * DesireToTRADE Academy
How To Find Scott Welsh? * Twitter * Website
About The Desire To Trade Podcast * Subscribe via iTunes (take 2 seconds and leave the podcast a review!) * Subscribe via Stitcher * Subscribe via TuneIn * Subscribe via Google Play * See all podcast episodes