Paul Rebelo Podcast - Importance of Having a Trading Mentor Plus His Setups

In our latest podcast, Alistair Schultz interviews Paul Rebelo, a Forex trader who has been trading the Forex markets for many years.

During their chat, they cover:

• How Paul got started in the markets including how he was inspired by a group of traders in Starbucks of all places.
• Why Paul has set his sights on becoming a professional trader.
• The importance of having a mentor.
• And much more.

Click play on the video link below to listen to the 67 minute interview. Full notes are listed below.

Here are the notes from their chat in order of how they appeared in the audio file above:

• Volatility coming back to the market and how much opportunity that brings. Plus the need to adjust your risk:reward ratios accordingly.
• How Paul got started in trading including his Singapore story in Starbucks with his wife.
• Paul's current background with work and trading.
• His new company called Inspire FX.
• What about Capital management?
• Important of mindset in trading and the studies he took to improve his mindset.
• Trading books that have inspired Paul.
• What we he do if he had to start again as a trader.
• You MUST get a mentor.
• His current focus in trading, his preferred trading timeframe and his trading setup.
• His view on scalping the markets during high volatility plays.
• The important of having a trading plans.
• Capital plan, mindset, execution checklist and then compile that and then test it on a demo account for 20-30 trades.
• Retail hobby trader or a full time professional trader.
• Prop trading desk. 12% target with a 4% drawdown and how professional traders are measured.
• Advice for new traders.
• A trade that left a big impression on Paul and the lessons he took from that.
• Why he uses a trading journal and how often he reviews his recent trades.
• Mentors: The importance of having a mentor or two as someone to bounce ideas off. And Paul's thoughts on celebrity mentors like Ray Dalio.
• His thoughts on various asset classes including Cryptocurrencies.
• Paul's rules to live by including his daily routine and money management.
• How he handles winning and losing streaks.
• Where does he see the market moving going forward?
• View on the US Markets hitting depression levels?
• His view on Australia and the future for our local markets, local economy, Australian dollar, manufacturing and property.
• The property market in Australia.
• Correlation between gold and silver discussion.
• The important of patience and discipline.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.