Ray Barros: From Job To PROFESSIONAL TRADER | Best Interview
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Ray Barros: From Job To PROFESSIONAL TRADER | Best Interview!
BOOK RECOMMENDATION | The Nature Of Trends by Ray Barros: geni.us/J1pC
Today, I am sitting down in Hong Kong with professional trader & fund manager Ray Barros for an interview. Get ready for lessons from a highly experienced trader who has been managing millions!
Forex Trader Community (Facebook Group): bit.ly/2esoMYj
// Music
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// About Me
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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// All Products Used In This Video
Canon EOS M6: geni.us/9ZQgs
Joby GorillaPod: geni.us/QfjD
Editing software: Final Cut Pro (Mac)
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Around the 1:20 mark. I like how he calls the $20 million account for friends and family small :)
I thought the same! Perspective shift. Stop playing it small!
A quick introduction to Ray Barros [0:22]
How Ray Barros first got involved in trading [1:05]
How Ray recovered from blowing up an account [2:40]
The best way to improve in trading & learn what the market does [4:21]
How to create a proper trading plan [5:45]
How Ray Barros started to manage funds [8:00]
What Ray thinks of a $100,000 account (and up) [9:30]
How to get capital to trade (when you’re profitable) [11:10]
How to know if a fund is a scam or not [12:23]
Chris asks: do you need to show a track record to investors?[13:47]
Should you keep your losing period on your track record [15:52]
How Ray Barros handles drawdowns as professional trader (BIG lesson!) [17:13]
How Ray managed to keep his investors over time [19:00]
Kimo asks: what’s your approach to the market? [23:00]
Taking partial profits or moving stops with discretion [25:38]
How Ray manages being a professional trader & running a fund [29:35]
What timeframe Ray Barros focuses on and when [31:15]
How to scale up your trade size [33:12]
How much to risk per trade (rule of thumb) [34:20]
How to build up your account size [35:20]
Why Ray Barros applies the same process to all markets [37:50]
Advice to start in discretionary trading [38:27]
Ray’s maximum drawdown rule [39:50]
What traders do wrong these days [41:00]
Why trading is the hardest job in the world [42:50]
Why Ray Barros meditates [46:34]
Thanks a lot!!
Hi Etienne I wanted to thank you for conducting the interview. It seems to have been well received by those on my list - many complimentary comments.
Thank you for being my guest, Ray! Awesome interview!
awesome
A very balanced , seasoned gentleman.
One of the best interviews of this channel! Mr. Ray Barros is very chill. From his attitude you can feel that he has nothing to proof (becasuse he is really successful), therefore his words sounds a lot more convincing. And the real value - some truly good advices!
Awesome to hear! I'm meeting with Ray again tomorrow. We'll do something nice again 💪📈
I've listened this video over and over again. I couldn't get enough listening this great humble man. So much information explained in such an easy way to get it. Now I understand the use of different types of trade management, win/loss %, psychology ... what not to take away from a great giver? Good job, thank you.
Great interview....
Around yourself with successful people
Very good content. Thank you Ettiene!
Amazing Interview !! Thanks Etienne !!
Glad you liked it, Simon!
Love watching your videos it’s great learning from all who get on your channel ,
I'm glad I could help, Thanks for the comment.
Another top interview Etienne!
Thanks, Nick!
wow this was great loved it my takeaway is have a plan manage your emotions better your skills
Glad you liked it, palladin35ya! Much appreciated!
What was your biggest takeaway from this interview?
could you spell out the name of the tester software he mentioned at 41:12. Thank you.
voon wah Edgewonk. You'll find the link along with a discount code in the resources page: www.desiretotrade.com/resources/
Got it. Thanks Etienne.
15-22% a year is that really it I expected more
That's a pretty big fund Ray was running. Here's a video on that same topic from different traders: th-cam.com/video/GKR6gbLp6uI/w-d-xo.html
you can get more, 100% 200%.
but that's how you lose in Forex :D.
if you start a 100.000$ account and win 100% return, now it's 200.000 and won again 1000% return, now it's 2.000.000$
guess what, no matter how much money you make, the one time you had 100% loss then it's bye bye time.
Ray Barros went bankrupt rather than paying 1 mil to one of his students in Hong Kong court 16/10/2023 he owed.. He has a number of students he took money from chasing Ray for money based on a fund he started.. People should beware of dealing with him.. His claim of turning 20 mil to 943 seems unlikely if student's retirement savings with him seems to have vanished. He is yet to explain the missing funds..