Chris Capre started off wanting to be a Yoga instructor for the rest of his life, but a friend had an intuition about him…
His friend felt that Chris would be a good currency trader…and he turned out to be right!
Chris says that as soon he started looking at the charts, they seemed to make sense to him.
That's not to say that he did not endure some tough times too, but from a very early stage, he knew that he had found his calling.
Even though he was very successful at the beginning, he went through the process of being a broker, then a hedge fund trader, then an independent trader and educator.
He never intended to become a Forex mentor, but he was getting so many requests to be taught, that he decided to build a business around it and he started 2nd Skies Forex.
It was interesting to hear about his experiences with students and what makes some successful.
I hope you enjoy this interview and learn a lot from it.
Chris is a great guy to talk to and I love the fact that trading has provided him a way to give back to causes he believes in and make the world a better place.
In This Episode
- How Chris learned about Forex trading
- Why you are lucky to be a trader now
- The biggest lesson he learned from being a hedge fund trader
- Why the USD/JPY is so hard to trade for traders in the US
- Learn how much he made on a $3,000 account in 6 months
- Find out how he landed a job at a hedge fund, as a trader
- Why looking at a chart for 3 seconds may help you make a better assessment of the market
- How to tell when someone has a working mastery of trading
- And more!
Click Play to Listen to the Interview with Chris Capre
Resources Mentioned
- FREE 2nd Skies Beginner's Course – If you are just getting started in Forex, this is a great free course to start with
- The Advanced Price Action Course – I highly recommend this course if you want to learn price action
- Advanced Traders Mindset Course – One of the few really good courses for cultivating a successful trading mindset
- Advanced Day and Swing Trading Course for Stock Traders – Learn how to trade stocks
- Recommended Books:
- How to Trade in Stocks (Jesse Livermore)
- Jesse Livermore: World's Greatest Stock Trader (Richard Smitten)
- The Amazing Life of Jesse Livermore (Richard Smitten)
- Richard Wyckoff
- The Hour Between The Dog and the Wolf (John Coates)
- YogaBooks
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Rodney Yee's Yoga for Beginners (Rodney Yee)
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Yoga for Beginners Boxed Set (Michael Wohl)
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Restorative Yoga Practice (Deborah Donohue)
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- Meditation
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Buddha's Brain (Rick Hanson)
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Stilling the Mind (Alan Wallace)
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- Causes Chris Supports:
Visit the 2nd Skies Forex homepage here.
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 episodes
- Right-click here and “Save As” to download the MP3
Bonus Video From Chris Capre
Here is a video from the 2ndSkies YouTube channel that I really liked.
It talks about having the abundance mentality and how he came to adopt it.
This is a key point because successful trading is mostly mental and even if you have the skills to trade well, there may be other factors holding you back.
To practice an abundance mentality and improve your trading, try one of Chris' courses.
What is the biggest lesson that you have learned from this podcast? Let us know in the comments below.
Disclaimer: Some links on this page are affiliate links. We do make a commission if you purchase through these links, but it does not cost you anything extra and we only promote products and services that we personally use and wholeheartedly believe in. A portion of the proceeds are donated to my charity partners.
Great interview – well done both of you! At around about 20 minute mark Chris spoke about how banks would get multi-hundred million $ orders and how they process them – any further light shed on this topic would be very interesting – what process do the banks follow to ensure that they will realize a profit themselves trading thir own money?
Thanks Steve. That would be a tough question to answer because we would have to get someone from a bank to give up their secrets. Also, it will vary from bank to bank, as each one has their own criteria. But if we do come across that information, we will let you know.
I can shed some light on this.
Obviously it depends upon the market and the instrument. For example, if a hedge fund wants $250M of say EURUSD at x price, the trader will quickly look at the market price action, order book, and then make a quick call on where its going to go. If its going down, then that’s good for them because they can offer that price, buy it cheaper, and profit from the spread.
If their read is its going up, then they have to figure out how to cover the losses. Many times bank traders do not cover the losses from the commissions they receive for taking the trade. But if they have other trades going on (which they almost always do), then they try and make it up later on so they are net ahead.
Hopefully that sheds some light on it, but try not to dig in too deep into thinking there is a strategy we can glean from this because a) banks don’t share their trades except with their top clients, b) bank traders don’t share their books, and c) we cannot access their flow.
Best you can do is learn to read price action in real time, understand impulsive/momentum moves, and learn how to trade them.
Hope this helps.
Kind Regards,
Chris Capre
Thanks Chris!
Hi Kimura
great interview. i have been with chris since 2010 and have changed my life for a better meaning. time will come when i will be financially abundant to help like my mentor chris.
thanks chris for being there and giving us a new meaning in living
regards
prem
Hi Prem,
Glad to hear it! I really enjoyed speaking to Chris.
Hope you are trading well!
Regards,
Hugh
Great interview with Chris, as I am a fan of your interviews/podcasts with real everyday traders who trade for a living. Glad you cranked out another one.
Thanks, glad you liked it 🙂
Really enjoyed hearing Chris in this interview. His long experience really shows in this interview, along with his confidence and authority in speaking about a trader’s process.
Glad you enjoyed it. Yeah, I also liked how he talks about other factors that go into successful trading.