Siam Kidd: Trading The Daily Chart In Forex & Building Streams Of Income (084)
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Show notes: http://www.desiretotrade.com/siam-kidd/
In episode 84 of the Desire To Trade Podcast, I interview Siam Kidd, a Forex daily chart trader. Siam has a very interesting story of how he transitioned into trading and how he had to learn to trade the hard way. Trading the daily chart, Siam Kidd spends a great majority of his time building businesses.
In short, Siam has used Forex trading as part of its other streams of income to become financially independent. His trading takes on from 5 to 10 minutes a day on average, which means that Siam has enough time to concentrate on other interests/passions/businesses.
Throughout this interview, Siam placed a lot of emphasis on the fact that replacing a full-time job with full-time trading is none sense. The goal of Forex trading is to increase the freedom in your life, and Siam Kidd sees trading as a stream of income.
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In This Episode, You’ll Learn…
Siam’s trading and review routines
The changes needed to go from not profitable to making little money in trading
The changes needed to go from slightly profitable to making high returns in trading
How it works: Trading the daily chart while building businesses
What happens when you start to treat trading as a profession
How Siam maximizes his returns toward the end of the trading year
How to reduce the feedback loop problem of swing trading
The type of businesses Siam is interested in building
And much more!
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
If you truly want to succeed in Forex trading, 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.
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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