Episode 178 is one of those episodes where your host, Rob Booker, delves into a topic that you’ve probably been waiting to hear about: How to Grow a Small Trading Account Into Something Much Bigger. A must-listen episode — for sure. To help Rob with this discussion, we have special guest Bradley Fried, the CEO of Rob Booker Japan.
So, here’s the premise: Rob has been getting more and more questions lately from newer traders or those who recently took a break from their trading. And one question keeps coming up:
I’m starting with a smaller account, but I heard you need at least $50,000 to $100,000 in order to trade for a living… so, how am I supposed to do this, if I’m starting with a small account?
Brad and Rob offer some great discussion to address this question. Brad talks about making your trading more of a process — and how process is a mental posture against the problem of using the market and trying to get profit from it. Rob and Brad also talk about the role of fear in trading (and where it comes from). All of this and so much more is available for you in Episode 178.
And by the way, you can support the podcast by checking out an upcoming trading course on “How to Grow a Small Account Into Something Big,” offered by Bradley Fried and Rob Booker.
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Japanese Yen trades just shy of 157.00 versus the USD
The Japanese Yen weakens across the board after BoJ announced its policy decision. A shortlived spike in the Yen may be testament to an attempt by the Japanese authorities to intervene. US PCE Price Index shows higher-than-expected inflation but does little to impact USD/JPY which almost touches 157.00.
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.
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