These 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.
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
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Just Brilliant. Walter’s insights are tremendously important and handy. Taking the time to listen to whta he has to say can really pay-off. Thanks!
Yes, this interview was a little hard to listen to because of the internet connection and his accent, but I’m glad you kept listening. There are a lot of valuable nuggets in this interview.
Is there a way to contact Mr. Vanelli for training?
Twitter
Hi Hugh!
Nice interview as always.
Just wondering if there is a second part of it somewhere? it ends suddenly in mid sentence at around 33 minutes
All the best!
Hi Michael,
Thanks for letting me know, it has been fixed!
Cheers,
Hugh