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EP17 // Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience

This episode of the Trading Lifestyle Podcast features Walter Vannelli. He is an independent Forex from Italy. One interesting thing about Walter's trading background is that he used to be a dealer at a bank. This gives him unique insight into how banks operate and how to trade accordingly.

Home / Podcast / EP17 // Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience

Walter Vannelli FX TraderThese are the types of interviews that I really enjoy.  I love talking to anyone about trading, but I especially like hearing from people who are just doing their own thing.  In the case of today’s guest, he trades for a living from his home in Italy.

He doesn’t have a website and doesn’t market a course.  The only reason that I found him was because he does have a great Twitter account.  I have been watching is posts on Twitter and he is very consistent.

Walter Vannelli has been involved in Forex for most of his life.  What makes his experience especially interesting is that he started off as a dealer.  No check that, he actually started off in the back office of a bank.

But a staff shortage and a fortunate turn of evens forced him onto the dealing desk.  Once he was exposed to trading, he was hooked.  This passion for trading has stayed with him over the years and it really shines through in the way he speaks about trading.

Since he was a dealer, he understands what goes on the the trading rooms of banks.  He has been at a couple of big banks, including Citi.  He gives us some insights into how banks operate and how he trades as an independent trader who no longer has access to dealing desk information.

When Walter first started in Forex, only very rich individuals could trade Forex.  So as retail Forex trading became more popular, he was also able to train traders and consult with other banks on how to set up their accounting and back offices.  This allowed him to transition from a day job to trading full-time on his own.

One of the things that I enjoy the most in life is speaking with people who are making a living doing exactly what they love to do.  Walter is certainly one of those people.  I found that he is also a positive, humble, and funny guy.

SEE ALSO: The Trading Books That Changed My Life

I hope you enjoy this episode and learn a lot from it.

In This Episode

  • Walter’s unique meditation style
  • What he has in common with college kids
  • Why banks win against retail traders and how you can still find success
  • The amount of money you needed to trade Forex back in the 1980’s
  • How he went from the back office to the dealing room
  • His daily routine
  • And more!

Click Play To Listen To The Interview

 

Resources Mentioned

  • Follow Walter on Twitter
  • Walter doesn’t read trading books
  • Lucius Annaeus Seneca
  • Marco Aurelio (Marcus Aurelius)
  • Michael Crichton
  • Patricia Cornwell

Other Ways To Get The Trading Lifestyle Podcast

  • Click here to subscribe via iTunes (if you like it, a five-star review on iTunes is greatly appreciated!)
  • Click here to subscribe via RSS (non-iTunes feed)
  • Click here to hear the other podcast episodes
  • Also available on Roku – Channel TFEX6
  • Right-click here and “Save As” to download the MP3

 

 

Disclosure: I do get a commission if you buy through some of the links on this page. But it does NOT cost you anything extra, it helps pay for my hosting costs and a portion of the proceeds go to my charity partner.

Related Episodes

Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade // EP15
EP27 // Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work
EP23 // How Jarratt Davis Went From Window Washer to Hedge Fund Trader with Fundamental Analysis

Category: Podcast Tag: Trader Success Stories

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and international speaker. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: November 27, 2014
Last updated: October 24, 2020

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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