177: Your “365 Day Guide” To Full Time Forex Trading (On A 5 Minute Chart)

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The downside of hearing from a trader who’s been trading full time for over, even just, 3 years is they tend to forget a lot of the detail around what happened in their first year of trading. Well today you’re in for a treat. In this interview with Doyle Exchange you get to hear from a trader who’s just completed his first year of trading full time. That’s right, no job and the majority of his income comes from trading.

Alongside a crazy story of how he discovered a successful Ex-New York Floor Trader, you’ll also get to learn the 5 Minute strategy Doyle uses to trade the NAS100, among other markets.

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Podcast Interview

Interview Links

Instagram – @doyle__e

Recommended Book

Trading in the Zone by Mark Douglas

Broker & Platform

Hankotrade

Doyle’s Trading Approach

Key Lessons

[11:27] When you learn from other people everything may not click. Everything may not make sense.

[14:15] New York session is a great session to trade.

[24:36] You have to really believe in yourself even if you are in a losing streak.

[24:51] Don’t switch your strategy. Don’t add nothing to it. Stick with what you’ve been using that’s been making you money.

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[27:04] Don’t try to get the big home run. The key is to get a bigger risk-reward.

[31:38] Anything can happen in the market and being biased can definitely cause you to lose money.

[33:00] The only thing that’s going to work for you is the strategy that’s specifically for you.

[33:34] You have to know market structure. If you don’t know market structure, you’re lost.

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[35:34] Write down your rules on a whiteboard and try to stick to it.

[40:06] When it comes to trading, you have to put your personality into your trading style.

[40:38] When you see the strategy that you really love, it is just going to make so much sense and you’re not going to want to learn anything else.