Samuel Leach is a 26 year old UK-based trader. He started trading Forex at the age of 18 during university and now runs a large trading business comprising of trading floors in UK, South Africa, and soon Canada.

During his university studies, he managed to turn a 2k account into 170k, using hedging as the main strategy. To this day, hedging is a big part of his trading systems.

Despite being so young Samuel worked for a private fund for a while, then started his own company and now teaches people to trade and is actively trading his own accounts. He’s a strong believer that the right mindset to trading is the key to success.

In the show Samuel shares:

  • His approach to risk
  • A trading system that can be used for traders who have a day job
  • What traders should focus on when starting to trade
  • What it eventually took for him to trade successfully
  • Why a proper mindset is key to trading

Interview

72: Samuel Leach on Becoming a 6 Figure Trader (During Uni) with One FX Hedge Strategy
00:00:00 00:00:00

Recommended Book

The Chimp Paradox by Prof. Steve Peters

Interview Links

SamuelandCoTrading.com

Broker & Platform

AxiTrader and Metatrader 4

Key Lessons

  • People over complicate things and trading systems
  • Make sure you understand the basics: support and resistance, trendlines and turning points
  • Don’t look for the holy grail in trading
  • Risk capital you can afford to lose
  • Trading is all about digesting the right information
  • Put in the chart time – use trial and error to back-test strategies
  • Pay attention to simple price action
  • There’s no point in putting yourself at risk in an environment you’re not comfortable with
  • Make sure you understand the economic calendar
  • Put the hard work in
  • Don’t focus on the money
  • Never look back, never doubt yourself

Samuel’s Trading

  • He now trades GBPUSD and FTSE only
  • Trades two systems: one fully automated and one semi-automated
  • Risks around 0.5% of the trading account/trade
  • Hedges a trade when a 50-pip stop loss is triggered. The hedging part is even more profitable than the initial setup
  • His trading is based on volatility – this is why he trades a GBP pair
  • He takes 2-3 trades/day, 10-20/week
  • When things go wrong, he looks to get out with minimal damage

Samuel’s Strategy of the Week

Samuel’s Backbone Strategy includes a marked up chart from Samuel himself along with our notes from the show.

Register for your Free Access Pass for instant access:


lock

To Hear the Full Interview OR Get the Full Show Notes...

Already a member? Login here.


Or, if you have a question for Samuel from the show. Ask it below…

 

Unlock All the

AMAZING Trading Strategies,

Tips, Soundbites & Coupons

with Your "Free Pass"


No Spam Privacy Policy

Great! You're In. Check your email for your Login Details and Link.


HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES, OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

At all times any and all information on, or product purchased from, this website, is for educational purposes only and is under no circumstance intended to provide financial advice. No guarantee is represented from any statements about profits or income, whether express or implied. As no trading system is guaranteed, your actual trading may result in losses. You will at all times accept the full responsibilities for all of your actions, including, but not limited to, trades, profit or loss. You agree to hold 52traders.com, Ziba Online Limited, the site's legal owners, AT and any authorized distributors of this information at all times harmless in any and all ways. By using our product(s) this constitutes your acceptance of our user agreement.

You agree by using this site, and related sites of ours and any of our material content you may receive either from such site or in any other form and that, accepting our terms and conditions of purchase that you agree that you, and you alone, must ensure that the use of any of the materials purchased from our site in any manner or form at all, is in compliance with your national, local, federal, state or county laws.

CFTC - U.S. Government Required Disclaimer:

Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

Don't trade with money you can't afford to lose. Nothing in our course or any materials or website(s) shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.