robbooker

Episode 9: 10 Ways to Lose Money Trading

Chris Davison joins Rob with the first five secret tricks that help any trader lose massive amounts of money quickly. Of course no one wants you to lose any money, and that’s the point of the show: to help you avoid the mistakes we’ve made — mistakes that so many people make — when setting out on the road to trading for a living. Here are the first five tricks:

1. Run it on as many pairs as possible, ideally unsupported ones
2. Choose the broker that offers the highest leverage
3. Don’t waste time back-testing or getting to know your EA
4. Small lot sizes are for wimps
5. Choose a scalper with no stop-loss (they only lock in losses)

Dive deeper into the list and join the show. Don’t forget to subscribe by entering your e-mail address in the “subscribe by e-mail” box on the right side of this page.

Episode 8: A Movie Every Trader Should Watch

Greg Michalowski, veteran markets analyst, continues his brilliant advice for traders with, yes, a movie recommendation. What movie should every trader watch? It’s not “Wall Street,” but rather, the 2011 Brad Pitt baseball story, “Moneyball.” Greg explains why in this fascinating interview. You’ll instantly understand why Greg is one of the most popular currency market-watchers in the world today. Listen right away!

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http://itunes.apple.com/us/podcast/the-traders-podcast-rob-booker/id490891487

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Let us know what you think in the comments. We’re always happy to hear from you.

Episode 7: Leverage Unleashed

Is leverage the enemy of the retail trader? Veteran analyst Greg Michalowski talks shop with Rob about the dangers of retail investing, what traders can do to reduce that danger, and he shares his perspective on where the opportunities are.

Greg wrote a fantastic book on currency trends. You can get it here:

Episode 6: The Trader Mom

Can a full-time mom also be a full-time trader? Rob’s guest in this episode is exactly that. Meng Fong is meeting the demands of the market and her family. What you’ll learn from this trader mom is just what the trading doctor ordered, if you’re trying to balance work and life and family — all together with trading. You can

Episode 5: Obsessed With Trading, Part 2

In part 1 of my interview with Markus Heitkoetter, we explored the reasons that people decide to try to trade for a living. But part 2 is even better, and we’re really into the swing of it all: Why do traders become so obsessed with trading? Why do people look at charts for 13 hours a day? Does lots of screen time improve your trading performance? Those are just some of the things that we cover in part 2. Listen and enjoy. And stay in touch.

Episode 4: Trading for a Living From Home, Part 1

What’s this business with trying to trade for a living from home? Markus Heitkoetter joins Rob Booker for an honest appraisal of the chances the ordinary person has of successfully paying the mortgage from a career in trading. What made the difference for Markus, asks Rob — and Markus responds with characteristic wit and honesty.

Episode 3: Automated Trading, Part 3

Rob Booker and Chris Davison put the cap on the final 2 strategies for success in automated trading, with a rousing conversation about the dangers of trading with a robot (or doing anything else with a robot, for that matter). How can you carefully and wisely select a system that is right for you? How much should an automated trading system cost? The answers to these questions, and more, are answered in this episode.

Episode 2: Automated Trading, Part 2

Here Rob Booker and Chris Davison continue their conversation about automated, algorithmic trading. Does it work? In this continuation of their look into the inside world of running automated systems, Chris and Rob share three more of their 8 strategies for success with robotic trading.

Episode 1: Automated Trading, Part 1

Traders are faced with the temptation to automate their trading. Robots, machines, computers from the future — can they help you trade better? Does robotic trading improve your profitability? What are the dangers of handing over your trading to an algorithm? In this episode, Rob Booker and his trading partner, Chris Davison, talk about 8 strategies for successful automated trading and what to watch out for when buying a robotic trading system. Be prepared to laugh and look at automated trading with a skeptic’s point of view.