047 - Trading Prop Firm Insights from the CEO – Interview w Saul Lokier

Consistent Profits Podcast

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Saul Lokier is a talented forex trader with years of experience. Saul is the CEO and Senior Portfolio Manager of The5ers.com and he lectures in many recognized forums such as Investing.com and fxstreet.com. He manages funds for International Proprietary Forex Funds, as well as personal accounts. This guy eats pips for breakfast!

Watch it here on YouTube ---> https://youtu.be/mUvEGJsec0c

Show Notes

• Saul shares his two-year process to grasp the complexities of trading.
• We discuss on the significance of strategy, psychology, and risk management in trading.
• He shares his insights gained from exposure to different aspects of trading, including speculative and hedging trading.
• We talked about how AI can provide insights into market sentiments and forecasts.
• Saul’s exposure to algorithmic trading and its role in the changing landscape.
• He introduces the concept of the two-step program in prop trading, explaining that it involves completing two challenges before getting funded.
• We had a brief discussion on the growing impact of AI in the trading space.
• We explore the primary obstacles or mistakes that traders make, hindering them from achieving consistent profits.
• We discuss the characteristics and habits of successful traders, including the importance of journalizing trades and implementing risk management.
• We talked about the importance of having realistic expectations and mastering trading strategies for long-term success.

This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.

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• "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/
• Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/

About the podcast

• On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8
• On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820
• On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ
• On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8
• On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM
• On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/