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Longer-term Support and Resistance Trading: Setups and Rules

Type: Webinar

Expert: Rob Booker, Founder and Host at TraderRadio.net
Moderator: Maud Gilson
Start: Tue, Jul 8 2008, 16:00 GMT
End: Tue, Jul 8 2008, 16:45 GMT
Participants: 95 pre-registered participants

Summary:
In this monthly webinar, Rob will show you how to plan trades that last (generally) between 1-3 days, and that do not require constant monitoring. While short-term trading can be profitable, many traders want to learn to trade in a more relaxed, patient manner, and this is where you can learn to do that. We'll cover:

1. Specific rules for support and resistance trading
2. Real trades that Rob is planning to take
3. How to set stop losses and profit targets for longer term trades (even if you are trading an account with less than $5,000)

Who is Rob Booker?

Rob Booker was key speaker at the 3 FXstreet.com International Traders Conferences in October 2007, 2008 and 2009 in Barcelona.

Rob is a foreign currency trader. He is the author of Adventures of a Currency Trader and the Currency Trader's Handbook, and was featured in Millionaire Traders, the best-selling book about every day traders who are beating the market. His radio show for traders at TraderRadio.net is heard by zillions of home-based investors around the world every day.

His books include:

• Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing (Wiley, 2007)
• Rob Booker recommends what Trading Books you should read
• The Currency Trader's Handbook: Strategies for Forex success (LULU, 2006)
• Man vs. Market (ebook)

Rob 'practiced' law, printed t-shirts, sold magazines, taught Italian, recruited CPAs, started an advertising firm, ran an e-commerce company and roofed houses before he realized that he was better at getting jobs than he was at staying with them.

Okay, since we're all talking in the third person, I'll let you also know that Rob was fired from every job he ever got.

Consumed with the question of why he was working at jobs that he didn't like -- and how to move past those jobs into a career that brought him true happiness -- and the ability to play video games, watch movies, and chat with people around the world while attempting to build an empire of wealth beyond any mortal's ability to imagine, Rob talked to people across the country and around the world. When he met a group of successful foreign exchange traders, he learned everything he could, until he started a full-time career trading currency.

Rob now maintains a foreign currency advisory practice close to home. He has been called the "Motley Fool of Foreign Exchange" and the "Prime Minister of Pips".

He lives in Wheeling, West Virginia, with his wife Kristine and three children.

Blog: Postcards from the Right Edge

Watch the ITC's Exclusive Video Interviews with Rob Booker:

What do you hate and love about brokers?

How to avoid the blowing up account syndrome

Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
Donwload hotComm CL |  More information |  Help