Trading Nut | Trader Interviews - Forex, Futures, Stocks

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253: FOREX BROKER EXPOSES: Scams, Setup Costs, A/B Book, Liquidity & Prop Firms w/ Anish Lal Nov 15, 2023

Show notes

Ever wanted to know what really goes on behind closed doors at a Forex Broker? Well in today's special episode with a veteran in the Fx brokerage space, we bring on Anish Lal, one of the directors at BlackBull Markets to find out: 1) How to setup your own Forex Broker 2) The difference between A and B book brokers and how to spot them 3) Spreads, slippage and black swan events 4) Forex brokers and their relationship to prop firms and... ...

Full episode + show notes: https://tradingnut.com/anish-lal/

Key moments

[09:34] Brokers, even though they’re carrying a huge element of risk, depending on how you run your business, they can be quite a profitable machine.
[12:59] Not only do you have to consider what is an acceptable company that you can incorporate with MetaQuotes, but your payment providers and your banking relationships is the next most important thing.
[15:50] Look at where you want to incorporate your business. It has to be a respectable place and you’ve got to look at what regulatory requirements are needed for that country you’re incorporating in.
[17:16] The reason why payment processors, banking relations, banking partners won’t work with you if you’re registered in a very boutique location is because of the AML strengths of that particular country.
[17:47] Low-cost setup generally means registering offshore.
[33:46] The broker startup space has a lot of scams as well. So, it’s important to note that especially in the unregulated space.
[42:08] The B-Book model can be more profit potentially but huge amount of risk and could put you out of business straight away if you don’t have enough capital.
[67:00] What the prop firms are actually inadvertently doing is creating good trade habits for a whole new generation of traders.

Watch on YouTube: https://www.youtube.com/watch?v=FG9Hs6uwfNo

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
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More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

252: How This Young Trader Made $2M in 1 Year with This Simple Strategy Nov 08, 2023

Show notes

In this exclusive interview, we delve into Alex's incredible journey, exploring the techniques, mindset, and secrets that propelled him to unparalleled success, trading through prop firms and personal capital.

Full episode + show notes: https://tradingnut.com/alex-g/

Key moments

[27:01] Just target 2% a week. With 10%, you can pass any funding account.
[27:34] You need to have a positive risk-reward.
[34:01] You just have to wait till the market gives you the best opportunity.
[37:21] The most important thing is the trend. You take a trade with the trend.
[37:29] You don’t even need to have a strategy if you know how to read market structure.
[45:03] Once you learn how to read the market structure, you’re going to learn how to identify the trend.
[45:59] Just learn how to read the market, understand it, and everything will eventually follow.
[50:19] Don't come into trading thinking you have unlimited punches, because in that way you end up making an unlimited number of mistakes.

Watch on YouTube: https://www.youtube.com/watch?v=VMjbJCmFXMk

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

251: BEST Morning Routine for Traders, Discover Your "Trader Type" & Making Bank After 4yrs w/ Ibby Ansari Nov 01, 2023

Show notes

Welcome to an intriguing interview with Ibby Ansari, a trader with a remarkable journey. Ibby describes how he transformed from being driven by monetary results to finding success. He discusses the crucial moments within

Full episode + show notes: https://tradingnut.com/ibby-ansari/

Key moments

[12:38] There’s only 2 types of traders, you have hesitant and impulsive.
[17:00] Problems never actually dissipate, no matter how far you get, they’re always going to be present.
[20:47] You can have a fantastic trading strategy. If you're a total sh*t show in your mind, it's never going to work.
[21:19] Witnessing your success potential can give you a different level of confidence.
[21:38] If you witness how successful you can be each week (your potential) potentially it's a game changer.
[24:52] Awareness is the first point. And this is something that I think nobody can teach anybody.
[27:02] You should know your strategy to a point where you can categorize and isolate what a high-risk trade is.
[49:55] With trading, it's about moments that you've got to be ready for.
[60:41] Find one system, master it.
[60:45] Make sure the person that you're learning off is where you want to be and has good values and morals.
[60:49] Make sure you're on an ecosystem of traders that provide you with a network that will sustain you in all areas of life.
[61:45] Focus on good circle, good education, stick to one system and master it.

Watch on YouTube: https://www.youtube.com/watch?v=5OZ_EqpyPBI

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

250: From Losing $30,000 to $1.2 Million Funded Trader w/ James Edward Oct 25, 2023

Show notes

While UK based Forex trader, James Edward considers himself not your gifted "natural born trader", he's still managed to not only make it as a full time profitable trader himself. He's been able to pass his knowledge ont

Full episode + show notes: https://tradingnut.com/james-edward/

Key moments

[22:34] Focus on the process and the emotion when journaling.
[24:27] Use prop firms to build your personal account.
[35:21] Fundamentals is a tricky one to get educated on.
[43:35] The willingness to do the things people don’t want to do is what’s going to get you better than everyone else.
[44:07] Demo trade a lot to start with, don’t even think about putting money in a real account for a while.
[44:14] Focus a lot on back testing and journaling all the trades you take.
[46:38] You need to focus your mindset more on the actual process as opposed to the concept of going and buy that super car.
[46:52] You don’t need to make massive percentages every month to do very well, you just need to be consistent.

Watch on YouTube: https://www.youtube.com/watch?v=u3ReqxytMlw

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

249: How His "Forex Trading Addiction" Made Him Rich w/ Jason Graystone Oct 18, 2023

Show notes

Jason Graystone is a Forex trader from the UK who put it all on the line in search of his dream of trading for a living.

Full episode + show notes: https://tradingnut.com/jason-graystone/

Key moments

[24:10] Here's the beautiful thing about trading. It's just you. You can only blame you. There's no one else to blame, it's just you.
[24:17] The markets are doing what the markets are doing. The only difference is your choices and your approach to the market.
[24:29] You have to persevere and stick with it and that's the side of trading that isn't glamorized and sexy and advertised, but it's still important.
[24:41] Any successful trader who has been trading and generating consistent profits over any decent amount of time has done all that work.
[32:33] Real prop firms don't care about offering challenges. They're actually focused on growing the businesses money.
[54:04] The best thing you can do as a trader is to focus on the process, enjoy it, and accept that you're never going to master it.
[50:22] Trading is heavily 90% psychology. You can learn a strategy in an hour, but how do you trade that and do it consistently?

Watch on YouTube: https://www.youtube.com/watch?v=aIENyr3YOdU

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

248: Account Flips to $750k Funded Trader (full story) w/ Andile "Goat Andy" Mofokeng Oct 11, 2023

Show notes

Andile Mofokeng (aka Goat Andy) is a South African model turned professional Forex Trader who featured on the Blue Guardian podcast not long ago after making a staggering $23k in withdrawals and keeping a 100% win rate a

Full episode + show notes: https://tradingnut.com/the-goat-andy/

Key moments

[06:58] Slow growth is actually the fastest growth.
[09:47] Trading teaches you who you really are.
[11:48] Trading demands high psychological strength more than high skills.
[16:37] Don’t take unnecessary trades for the sake that you want to have trades running.
[40:20] Experience is the best teacher.
[53:50] At the end of the day, the main goal is to make money.
[54:45] Imaging when you go to a setup with the thought that you want this setup to make money for you and when you look at it, you look at it for what it is not what you think.
[55:55] Study sensitivity which means you must be able to spot sensitive areas.
[56:04] You must be able to understand price conflict.
[57:32] The easier way to understand price movement has to be patterns.
[58:58] Analyzing the market is easy, but placing an entry is hard.

Watch on YouTube: https://www.youtube.com/watch?v=IV4ZavrV5YM

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

247: The 19-Year-Old Who Made Over $1 Million in Prop Firm Funding Oct 04, 2023

Show notes

Arman Sangha, a day trader from the UK, has done the unthinkable by becoming probably the first trader to gain over $1 million in prop firm funding by the age of 19.

Full episode + show notes: https://tradingnut.com/arman-trades/

Key moments

[18:34] Every business is endless. It’s a problem that you are trying to solve and the more time you spend on it, the faster you would solve it.
[25:18] You got to adapt your system to the markets as you go forward.
[43:22] If you're not happy with the way you're living right now, you're going to either make it happen or you're not going to make it happen.
[43:57] Most people just don't try hard enough. They're looking for the secret strategy online. They're looking for the easy way to make money.
[45:54] The best indicator is your brain because it actually learns along the way.
[46:19] Stick to good risk management and simple trading knowledge.
[48:59] Even if you don't feel motivated, you just need to do stuff sometimes because no one else around the way you're going to be, they're screwed.
[52:32] The goal is to win so if you never give up, you never lose.

Watch on YouTube: https://www.youtube.com/watch?v=Xpst4EXvCZM

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

246: Dummies Guide to Quit Your Job & Trade Full Time (sneak peek 4 years on) Sep 28, 2023

Show notes

Tanner Owings has one of the most ballsy stories on how to quit your day job and trade full time. But what you'll learn in our interview will teach you how to navigate this tricky time in life, if you ever decide to make

Full episode + show notes: https://tradingnut.com/tanner-owings/

Key moments

[10:25] Tilt days are one of the worst things that can happen to traders and everyone is prone to them.
[19:08] If you can catch 10 points in ES, you can make a living.
[21:16] Trading the open of Options is very, very risky.
[35:53] Trade review is one of the most important concepts and habits you can build as a trader.
[37:13] You’re trading as a business and it’s your business.
[37:27] Figure out what you like to do and then get really, really good at it and hammer away at it.
[39:52] Being able to practice on a funding account is one of the best things you can do.
[40:28] Using a prop firm is very beneficial for anyone who wants to dive into futures game.
[47:41] You are a risk manager at core and if you do not have that part of your trading, that’s just going to keep hurting you longer and longer and longer.
[47:52] It doesn’t matter how good your strategy is and how much you understand it, if you do not have these habits and these good processes built in to your core and practicing every single day, you’re just going to be
[50:09] The faster you rush it, the further it’s going to set you back.
[56:28] You want to be like an athlete. You need to perform well, sleep well and you need to think clear.

Watch on YouTube: https://www.youtube.com/watch?v=3Cqunc3yGzE

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

244: 43 YO Teacher, Doubles Salary in 1 Month Trading Futures (& He Only Started 2 Years Ago) Sep 14, 2023

Show notes

We have a very unique and special episode lined up this week.

Full episode + show notes: https://tradingnut.com/fasil/

Key moments

[06:19] With trading, discipline is so important. All of us are one bad trade away, one day away from losing everything.
[18:41] The psychology and the risk management are more important than any strategy.
[19:00] A coin flip is more profitable than almost every retail trader.
[21:28] Once you win more than you lose, scale! Don’t look for home runs!
[23:38] Trading is a dopamine regulation game.
[28:50] With trading you can buy your time back.
[31:46] In the beginning before you become profitable, it’s very fragile.
[34:32] It’s okay to lose because once you learn and you can scale, it’s possible that one day in the future, you’re going to have 1 trade that will make up all of your losses from your early years.
[35:41] Whenever you enter a position, if you’re using your edge, you should not really be too attached to a winner or a loss.
[35:54] Taking less trades inherently makes you pickier about the trades you’re taking.
[40:04] To be a successful trader you have to master yourself.

Watch on YouTube: https://www.youtube.com/watch?v=cZYoisjcwDE

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Trade control unlocked. Finally stick to your plan while you trade.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

243: Your Day Job "Exit Plan"... $700k Funded Trader Reveals How w/ Blake Robinson Sep 06, 2023

Show notes

Meet Blake, a seasoned Forex and Stock Index trader hailing from the vibrant state of Michigan. His journey into the world of trading began under the wing of a now-famous trading luminary, granting him invaluable insight

Full episode + show notes: https://tradingnut.com/blake-robinson/

Key moments

[40:43] Getting a better understanding of where and why your trade might fail helps strengthen your beliefs in a trade when you take it.
[41:23] The emotional side of trading is key.
[41:37] A lot of the faults that you might have as a person, kind of, manifest in your trading.
[44:12] The level of organization that you got to have to do that, you also have to have in trading.
[46:25] If you want to be good at this, you need to follow your rules.
[49:40] Trading is like a 10-year plan, everyday just do the little things and it will eventually add up to your “overnight” success.

Watch on YouTube: https://www.youtube.com/watch?v=nVhkDmfzyMQ

Sponsors

BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker.
https://tradingnut.com/go/blackbull/

FTMO - Buy a challenge and we’ll help you pass it.
https://tradingnut.com/go/ftmo/

More from Trading Nut

Strategy Vault - Free guest setups organised by method.
https://tradingnut.com/go/vault/

TraderZen - Your rules, open beside the chart before you click.
https://tradingnut.com/go/traderzen/

Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup.
https://tradingnut.com/go/dtc/

Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

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