Welcome to The Traders Podcast Episode 604. This morning your host Rob Booker and the producer Jason Pyles go back to the basics of currency trading.
As a teacher Rob knows that you always have something to learn when you get back to the basics. Here are the fundamental skills:
First, look for your support and resistance trend lines.
Second, watch the price action.
Third, study economics.
Beyond that homework, what are the qualities of a student? As Rob is training new traders there is a quality that tells him right away that they are going to be good. That quality is confidence – without arrogance – a little swagger that they know they can get this. They don’t get overwhelmed they just back up. They have a willingness to focus and a willingness to practice whatever it takes.
Remember the classic lyrics, “We’ve only just begun.” Often we get nervous about how much we don’t know. We may fall for the idea that the more you know the better you’ll do. That’s really only true when you study deep, not broad. Focus and stick with us, traders! Thanks for joining us today.
Are you ready to learn more about day trading the cryptocurrency market, be sure to visit RobCoin.com to receive Rob’s free book! Thanks for listening to The Traders Podcast.
Links for this episode:
Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
Rob on Twitter: @RobBooker
The Traders Podcast on Twitter: @TradersPodcast
Jason’s movie podcasts:
If you like movies, then Jason’s show Movie Podcast Weekly will give you semi-comedic reviews of the 2018 movies that are new in theaters.
Movie Podcast Network Jason’s movie podcast network.
Movie Podcast Network Twitter: @MovieCastNetwrk