In the last episode of The Trading Lifestyle Podcast, I interviewed Colin Jessup and he told us exactly how he went from working in a warehouse, to trading for a living.
He attributed a large part of his success in trading to Walter Peters FXJake Personal Trading Program, so I was excited when Walter agreed to sit down and chat with me about his own personal journey to trading for a living.
In fact, it was actually Walter who recommended that I interview Colin, so I was also glad that I got the opportunity to thank Walter personally.
As I turned on my computer to do the interview, I didn't really know what to expect. I knew a little bit about Walter's background from his blog and a few things that Colin mentioned, but not much else. He turned out to be a very down-to-earth guy with an incredible story of perseverance.
This interview will be especially useful if you are feeling stuck in your trading and want some ideas on how to get through it. He is also very much a person who trades for lifestyle and gets a great deal of satisfaction from helping people become successful in Forex trading.
Just like everyone else I have interviewed, he is very passionate about trading and because he also has a PhD in Psychology, it was interesting to get his opinion on the psychological profile that traders need to have to be successful.
In particular, we talked about why the Fight or Flight Response principle does not usually apply to trading and which trading systems people tend to stick with.
Let me know what you think about this interview in the comments below and if you have any questions for Walter, you can post them here or head on over to his website, a link is listed after the video.
In This Episode with Walter Peters Forex Trader
- What a delayed flight and the International Traders Conference in Barcelona have to do with Walter and I meeting.
- Find out how long it took Walter to learn to trade for a living.
- The one thing that kept him going when his trading was not going well.
- Why a lot of his friends are 70 year old Aussie surfers.
- What Walter believes is THE most important factor in successful trading.
- And more!
Click Play To Listen To The Interview
Resources Mentioned
- Walter's Book: Naked Forex: High-Probability Techniques for Trading Without Indicators
- The FX Jake Daily Trader Community
- Walter backtests with Forex Tester
- Come Into My Trading Room by Alexander Elder
- Millionaire Traders by Kathy Lien and Boris Schlossberg (Walter's friend Ashkan Bolour is featured in Chapter 10)
- Everyday Traders by Nick Radge
- The Tao of Trading by Robert Koppel
- Colin Jessup
- Learn how to trade from Walter
Other Ways To Get The Trading Lifestyle Podcast
- Click here to subscribe via iTunes (If you liked it, a five-star review would be greatly appreciated, thanks!)
- Click here to subscribe via RSS (non-iTunes feed)
- Click here to hear the other episodes
- Right-click here and “Save As” to download the MP3
Disclosure: Some of the links above are affiliate links in which I get a commission if you purchase through those links. It doesn’t cost you anything extra and part of my commission goes to support my charity partner.
Hey Hugh,
I know this post is quite sometimes but I just share it with my readers and I hope it helps. My list is not as extensive as yours but I appreciate your reviews on my ebook.
I called it the Gold Dust Interview.
Trade well.
David
Hey David,
I appreciate it…thanks so much!
Cheers,
Hugh
Hi Hugh!
I want to say that I love your site 🙂 You are doing a great job and I appreciate it very much. INSPIRING INTERVIEWS
Keep up with the good job
Thanks, glad you liked them!
thanks mate. I just want to say that I love the interviews. I never thought of writing this, but you are doing a great job. I like your “very cool”. I have been saying that a lot nowadays. lol
Keep up the good word and God Bless.
Haha, appreciate the kind words. I never realized that I said that so much until I watched the replays.
How does one get on to his forum? He asks for a reference?
You just have to register here: http://www.nakedforexnow.com/forum.php
No reference, they just want to know if you heard about it from one of the members…optional.
Nice interview and very nice website! Great job Hugh!
Thanks!
Really it was an nice interview! It is very useful for me and very inspiring. Keep on posting 🙂
Thanks for watching!
I normally just come and view the interviews for free (lol), but this one was exceptional! I just felt I had to comment on this one. Keep up the good work Hugh.
Glad you liked it! Thanks for stopping by…
Thank you for the great interview. My goal is the same as yours and it’s a long hard road when just starting out. Many times I have wanted to quit but burning desire keeps me going & I appreciate the inspiration your interviews give me.
Yeah it can be tough Ronnie. Keep it up, we will get there!
I’m very new to FX trading – just been demo trading so far. I find your interviews most inspiring.
Charl
Awesome, thanks Charl! Hope your demo trading is going well.
You’re a good guy. You need to stop interviewing these fake traders. Double the account for a month? You have no idea what this looks like or how you yourself look like to pro traders when you publish these people.
Thanks, but I’m not sure how you came to that conclusion. Walter trades for a living, which makes him a pro trader. Just because you don’t work for a Wall Street bank, doesn’t mean that you cannot be an independent, full-time trader. That is exactly the point that I am trying to make with these interviews.
He never says that you will double your account in a month. Again, you misunderstood something. He said that he feels that you should double (or triple) your practice account in backtesting and demo trading with a specific, rule-based strategy before ever thinking about risking real money.
Backtesting can be done fairly quickly, sometimes within a few days. This is because you are “fast-forwarding” the charts. However, you are testing trading results over a period of many years, in real trading time.
Excellent blog and content. However, for us slightly eyesight challenged readers, can you make the text enlargeable by the use of (Ctl) + (+), please
Thanks Keith! Sorry if it was hard to read. I tested the zoom function you mentioned with Firefox and it works. The text size is controlled by the browser you are using, not my website, so you might have to restart the browser if it is not working. I’m working on the next version of the website and the text will be bigger and easier to read. 🙂
Loved Walters’ take on fight vs flight vs freeze. Very helpful and insightful.
Glad you liked it!
That is an awesome interview Hugh – absolute gold 🙂
Thanks Jess!