Please meet Siam Kidd, former air force pilot turned retail trader, straight out of Norwich in the UK. As well as retail trading, Siam is a serial entrepreneur and on a mission to drastically improve the educational system.
Our chat starts off around his tentative start as a trader, the moment he hit rock bottom, and how he now trades currency pairs using a technical-based approach—with the objective of catching defining trends when they happen.
In the latter half of our interview, I ask Siam about why he got into the industry, how he discovered his ability to “think big” and how made it to the level of owning fifteen businesses. From there we get to talking about flaws in the educational system, Siam’s grand idea, and what we have to look forward to in the future.
What’s Covered in This Interview:
- Siam tells us all about failing to become a roulette superstar, the biggest trading mistake he made as a newb, and the “cheese and mayo story” AKA rock bottom.
- His approach to currency markets focuses on the small “bites” (small losses and wins), in preparation for catching the rare major trend (big win).
- The reason that low win rates and trend following typically go hand in hand and how Siam manages risk to compensate. Also, how to size positions and scale them into winning trades.
- Can trading alone make you rich? Siam tells us why he going into business and how he went from owning one to fifteen of them!
- Siam’s thoughts on the educational system and it’s fundamental issues, why the “40-40-40 plan” is ridiculous, and his plan to change the system.
Links and Resources:
- Siam’s TedX Talk
- Rich Dad Poor Dad, by Robert Kiyosaki
- Think and Grow Rich, by Napoleon Hill
- The Future is Better Than You Think, by Peter Diamandis
- EP 068: Mikael Syding
- EP 069: John Carter
- @SiamKidd
- TradeStation – TradeStation clients have it pretty good; an amazing platform, great commissions, and all the rest!
