Ramen noodles to a lucrative Forex trading career – Blake Morrow, @PipCzar

chat with traders episode 89 this is your key to the minds of tradings elite performers those who profit in relentless markets here on the chat with traders podcast you'll hear about the skill sets and tactics that lead winning traders to win so you can level up and become a better trader here's your host Aaron Fife field oK we've got a new sponsor starting this week so I'd like to introduce trade ovate trade ovate is essentially a futures broker who doesn't charge commissions instead trader of eight charges customers a flat rate starting at just thirty nine dollars a month for an unlimited number of trades trader bait also combines technology into their offering by providing a modern cloud-based platform with many advanced features for futures traders at no additional cost everything you need to trade is bundled together resulting in serious savings to learn more and get a free to heed my simply visit trader bayt.com forward slash traders now trader bait is spelled trad ovie a te trader bayt.com ford slash traders hay traders what's good nice day of you listening to episode 89 now let me introduce this week's guest Blake morrow also known as pips are on Twitter Blake started out as a stockbroker in 1995 but this only lasted for a short period of time before he switch teams to become a trader a wealthy friend put up $50,000 in starting capital which Blake lost around about thirty thousand dollars of it within the first six months though before wiping out entirely Blake was able to turn that remaining $20,000 into roughly 1.5 million dollars in the next few years that followed he since been involved in various trading and technology firms but today Blake is the chief currency strategist for wise trade co-founder of Forex analytics and most importantly an independent FX trader over the course of this episode you'll hear about Blake's story in greater detail how we navigates forex markets using charts and technical analysis as well as an understanding of economic drivers some tips for beginning traders using leverage and plenty more - so here we go I'm Erin Fifield and you're listening to chat with traders featuring Blake Murrow I'm excited about this because it's been a very slow day to say the least I mean that this is like the worst week to be in the markets aside from you know the the time between Thanksgiving and Christmas especially that last couple of weeks so so why is it so slow it's just you know lack of liquidity you got a lot of European traders are gone a lot of you know a lot of North American traders this is their last week a holiday before their we have a Labor Day weekend here in the US so things are you know it's a long weekend so everybody usually wraps things up after Labor Day weekend then you know it takes a good week or two to get things back in the flow because you get you get a lot of hedge fund managers you know they come back on the 5th of September 6th of September and then they have weeks of meeting a week of meetings you know trying to strategize and liquidity start support back in after that so you know it's just everybody's wrapping up their summers so and everybody knows is typically a slow time of the year ok so I mean even though like Forex you know everyone kind of refers to it as the most liquid markets in the world when a lot of people go on holiday do you do you still kind of have an effect like that like is it oh absolutely yeah so to say how do you change your trading to kind of work with that that's a interesting question it's usually it's usually actually just making sure your stops are a little closer I pick up my my position size sometimes it depends on the the environment though you know sometimes all if the range is like today the ranges were a little bigger so I narrowed my my trade sizes a little bit widen my stops a bit and kind of let the trends take hold best they could some days when I know there's a 30 pip trading range and there isn't much I just I'll keep a tight stop and I might even actually take a little bit bigger position so instead of trying to make I don't know 30 pips or 50 pips in a trade I might only look to make 10 or 15 but a little bit bigger position will compensate for you know some of that lack of liquidity yeah right right okay cool yeah all right like well let's just get let's just get started I mean I come here if I mentioned this to you beforehand but um I constantly get hounded by listeners to bring on more FX traders so I just want you to know you're probably making a lot of people really happy right now oh great talk to us about your introduction to trading like how gee how'd you get into this what was your intro well that's a that's a that's a you know a funny question that a lot of people always ask you know it's especially where I live I live in Phoenix Arizona so I'm not in the center of the financial universe I'm not out in neat work or I'm not out of Chicago here in the United States where you know I'm probably more of a you know more of a I guess a normal trade I guess if you will and so when people ask me like how did you get into the currency market it's always it's always an interesting question and I got a long-winded answer but they when I left the military I was in college and I was going to school full-time and and and working my way through college you know I was a I was actually a doorman at a bar you know I was in my 20s I was early 20s and I worked some retail during that there in the afternoons and then I'd I'd go to school during the day and at nights and you know I had one of my best friends who was a stockbroker and this is you have to think this is back in the this is back in the mid 90s he was a stockbroker and he was kind of like the I don't want to say a boiler room type of setting but he was a you know he got on the phone and dialed three four hundred people a day and it was just a numbers game but he'd get people on the phone and sell him stock and and he's like you know Blake you got the gift of gab you should try being a stockbroker and he I said I don't know anything about the stock market you know it's not really my interest he goes does really matter you know you can you can you can you can talk and you can probably sell you should try it it was making a lot of money at the time especially me being in college and I saw the car that he was driving and the lifestyle he was living I'm like yeah you know I'll go in for an interview and I did and and I got the job I didn't know anything about the markets I got the job I went got my series seven and you know my state license which was a 63 at the time I think it still is anyway and I became a stockbroker and I didn't really I did it for for for over a year about a year and I really wasn't too happy with selling people stocks over the phone I I was good at it and you know we we brought Pixar public we were part of that public offering which is pretty neat so my clients did well but it wasn't it just just wasn't something that really interests me and unfortunately that same guy he had learned how to trade from a market maker they brought a company public back in the 90s called go to net and he sat with the market maker for like a couple months straight and this market maker really taught him you know you know order flow and you know the depths of the market and how to navigate through them and he that was right at the time that the day trading in the United States was getting really on its feet and Jeff Bourke and Chris block of block trading they were on the front cover of ink magazine and you know that they were called the the bad boys of trading or thus those bandits I forget exactly what what the the title was there on the front cover and we had a mutual friend who is extremely wealthy in the insurance industry and he was a friend of he was a friend of he was a boyfriend of a woman I knew and so we approached him with this you know magazine article and saying and we told him hey we can we can do this whole trading thing it should be easy so of course it's always easy and it was in 1996 and we we went to the same offices that those guys were written up in there they're called block trading they had an office in Houston and Dallas they had one in Scottsdale Arizona and so we went in the Scottsdale office and and in the mid-90s and start trading there and and I really so funny I when I first started trading it and I started with a certain amount of money and within the first six months within the first six months I think I lost like 60% or close to 70 percent of the equity now keeping in mind that as a trader you you live off the markets not like I'm drawing a salary anything and I really struggled that first few months and - and and eventually found my wings you know over the next several years I traded my myself in a nice prosperous position where I left my investor I also partnered up with a couple other traders one of the one of the one of the principles at that block trading office in Scottsdale he moved with us we all moved to Dallas and we opened our own brokerage firm and we had a license at the time NASD and sec you know license firm and we had our own day trading operation so back in the the late 90s you know even into you know the early 2000s the technology wasn't as as it is today I mean internet was still in its somewhat infancy people didn't have high-speed Internet in their homes you know when I downloaded my charts I used back in the 90s I used to download them you know via you know telephone cable and it would take like hours to download like 200 charts it was ridiculous but at that point in time there were a lot of day trading offices so we had our own office and and so we had and I think at our at our peak we had about 15 or 18 traders that were in our office and all you know from all different walks of lives and really really great traders that I learned a lot from and eventually you know we sold our we had a technology company that was spun off from that brokerage from the built direct access to trading technology and we sold that company to the wise trade group in 2003 I think it was in early 2003 and so I've been with the wise trade group ever since and that's where I really got my my mind you know by trading my trading started and I lived off the markets for many years just solely in the 90s and early 2000s trading yeah excellent yeah that's a really great story Blake and I just like to backtrack a little bit too sure once you left the brokerage you said you went into went on to block trading so block trading was that a prop firm I take it hmm no excuse me that was just drinking some coffee here was uh it's actually it was a we didn't they didn't have prop firms they're all independent traders kind of like the firm that we had in Dallas so you you would have like let's say let's say an individual like yourself or myself and and and I had let's just say you had 50 50 grand and you wanted to start day trading well back back in the 90s and even in the early 2000s regulations were pretty laxed we used to have some major leverage it would some the leverage you could have trading the equity markets was much different than you know in the mid 2000s maybe late you know I forget what years it was it was probably two thousand seven or eight or nine they changed the the leverage that day traders had yet out used at you never you didn't have back then you didn't have to have $25,000 in your account to be able to have day trading margin you could in the margins that we have were incredible it was like you know 20 to 1 or maybe even greater than that and so with a you know 50 thousand dollar account a hundred thousand dollar account or in our case that we you know we had accounts that were you know in the half million dollar range at that time we could trade whatever we wanted and as much as we wanted I mean I would trade five six eight thousand shares of Yahoo at a time and it you know I never ran into any type of margin issues so we a lot of individual traders would go there there were I'm sure there was there were certain prop firms I just wasn't aware of them Trading was more of an independent traders would would go there and like I said we didn't we didn't trade from home no one really traded from home because we didn't have the technology so everybody would go to these trading offices where we'd all share ideas and and and we all had the the speed to be able to trade from there okay yeah right that makes sense that's really interesting and you know you mentioned your your wealthy friend helped you out with capital and the beginner I mean it would be nice if we all had a wealthy friend like that but um was he hesitant to hand his money over yeah you know he was he was but he also if I could if I could explain to you that the kind of person this guy was he was he lived a pretty lavish lifestyle you know he had exotic animals and exotic cars and exotic girlfriends for that matter so I think he was probably more of the risk-taker you know type of person and but he was he was he was very street savvy and one of the things that he did I remember when I first when we first opened our accounts and you had to have like a long account a short account because you couldn't the way that the the back office worked back then that's what she had to do I remember when we first got the accounts open he goes he goes alright here's a book and and and it was the it was the mark Douglas the disciplined trader that was like the first book that I ever read on trading and unfortunately it's the the late mark Douglas if you don't know I've known him personally I actually work with them on a couple of projects maybe about seven or eight years ago he's one of the was one of the the premier trading psychologists and wrote many books on trading psychology but I remember I got this book the disciplined trader and then he he also signed me up to be coached with a several different traders another trading psychologist to two technical traders where I learned really my skill set of how to read and and and and analyze the markets using Fibonacci's at that time and and and that was a really those those stepping stones I didn't really think about it so much at the time but looking back that was probably you know what really set me off in the right direction was really understanding how to look at charts how to analyze them and and and and and identify where proper entry points were and those types of things and but he was Dean you know to answer your question he was pretty nervous at first but he also took what I feel were the proper steps at that point to to to get us you know where we needed to be and be profitable okay and and was hey incentivized in any way like did he take a oh yeah the profits yeah yeah absolutely we split the profits we had a we had a percent um sharing plan of course okay so how did he react when you lost you know between sixty to seventy percent of that capital he'd handed over well you know when that when that happened and keeping in mind I think I was about 26 or 27 at the time he was you know this wasn't a large amount of capital for him so he didn't really think about it a whole lot he had confidence in me and the the funny thing is over the course the next I I guess over the course the next two and a half years because of the time now you have to imagine the time that time in the the mid to late 90s was the internet dot-com boom if you will and so we ended up doing really well we had a lot of positions and some smaller internet name stocks that ended up blowing up and really kick-started my trading career so he ended up doing extremely well but at that point in time you know he knew he's like you know listen you're new and you're going to get this and he also knew that did I it was more of a you know if I'm gonna eat and I'm gonna survive I'm gonna make it work and I told him I'm like I'm gonna make this work we're gonna we're going to we're going to make this work and he had the confidence in me and I think really what turned it around at that point is my my trading partner he had his own account but you know a guy that actually got me into being a stock broker at that point in time he really was the driving force behind me you know sitting me down and saying listen you know we have to be disciplined and how we trade you know it's not just throwing darts we have to really you know start to analyze the markets and understand where you know entry points are and what your risk isn't and all the things that I really wish I would have learned you know right at the very beginning and it took me some time to to learn some of the things that I try to teach traders in today's today's trading world yeah okay and just before we move on to this to talk more about your actual turning point I'm just interested to know like how were you paying your bills how are you eating and keeping up with expenses but what during that during that period when you were starting out and you lost like you mentioned 60 to 70 percent of your capital how you can buy well fortunately I was I was always really good with my money as far as you know scrolling away for for a rainy day so I lived a lot on ramen noodles and peanut butter and bread and fortunately I had a I had you know I was in I was in um my my mother had a she had moved she had moved in Sacramento California at the time to take on a contractor position and she had this rental property which is over by our local university here in Phoenix and and it was it's definitely nothing to write home about but it's it's where you know a lot of college students were around there as well so I got to live there not run free but she was pretty lenient if I was running a little behind so but those stress is mounted those were really stressful times and and and and those are those are times where you know really the market and this is where you have to dig down really deep as a trader you have to you have to really is where your strength comes from is through those trying times and I'm really I feel fortunate that I had to go through some very tough times early in my career to really make sure I could turn around and and it because you know in retrospect you realize man I never want to put myself back in that situation um but also it you know helps you really dig deep and and and really figure out what you need to do to be successful in the markets and and I I was one of those people that you know West Coast trading for us in the United States especially where I live you know the markets were opening at 6:30 in the morning that means I was up at 4:30 and and and at the office by 5:30 and they off and then then you know the market opens at 6:30 closes at 1:00 but I would still be in the office for four hours on end afterwards looking at charts analyzing the markets trying to figure out what I wanted to do the next day and I think a lot of that drive came from I I really needed to feed myself and put put you know put food on the table and make this work yes essentially like you almost feel as though you wouldn't have become as successful as a trader as you are today if it wasn't for those tough situations in the beginning where it was kind of like do a diet absolutely and you know I think one of the it's that I I agree with you and and one of the things that I I try to explain to traders now is you know make sure you have enough money set aside if you really want to trade for a living make sure you have enough money set aside so you don't have to deal with some of those stresses because you know depending on where you're at in your your your at your lot at what point you're at in your life you can you maybe take some of those risks but you know if you have a family if you have a wife if you have kids it's much harder to take those types of risks I'm glad that I went through those experiences when I was young and I didn't have a family and I didn't have kids and I was I could take on those risks I wouldn't have done it any other way but you know it for for traders that are starting out and they're trying to you know just-just-just you know become successful getting rid of some of those risks are probably are probably really important as you start your journey as a trader I think yeah yeah so let's focus in a little more on your actual turning point as a trader so you've obviously gone through a pretty rough patch what happened in order for you to go from a losing trader to a profitable trader you know a lot of it first of all I would say is a little bit of luck at that point in time like I said we we took a couple positions and they ended up doing really well which gave me a little bit of cushion so that obviously helped quite a bit after that it was more about discipline it was more about discipline and realizing that I needed to wait for a certain set up to evolve I got caught just like a lot of people at that point in time and even traders I you know Here I am twenty years later and I watch traders trade the markets everybody gets caught up in the the the inertia of the market at that moment and and the excitement and they chase prices all over the place they think oh a move is happening I've got to be on it and by the time they get in it it's already too late the markets have turned so what I realized early on and and one of the things that's really been the I would say the backbone of my trading has been being patient and waiting for the market to set up that has taken me so so far in the markets and it's one of the things that I think that if I would have learned early on I wouldn't have been put in the situation that I was put in initially because because at that time Aaron you have to realize that there wasn't there wasn't traders education wasn't like abundant and the internet was an abundant at that point time either you couldn't just search anywhere for oh what is a good chart pattern and oh you know what what does it take to be a successful trader there just weren't that many webpages available there wasn't that those types of resources so a lot of what I did at that point my life was trial and error um and and and based off of what I've you know the few books that I read at that point but I think really the turning point was the discipline the discipline in in actually waiting realizing that I didn't have to be trading every second of every day and realizing that I needed to let a trade come to me and if the trade came to me and I could plan around what it looked like I could realize okay where's my stop going to be at what point am I wrong and where am I looking to get out and what is my risk reward look like risk reward was one of those concepts that I that I fortunately picked up very early in my career and realized that hey if I'm going to risk a dollar I need to make two or three or four or more you know and and and and if I'm going to risk that dollar I need to make sure that that is the maximum amount of risk I'm willing to take in that trade and those are the types of things that really got me to where I'm at today and those those basic rules okay so so for you to increase your the amount of discipline you had as a trader I mean what specifically were you doing to to increase that discipline was it just a matter of being a lot more self-aware of what you were doing was there any sort of practices or things you tried to do to actually increase your discipline and you know sit on your hands that's it I'm sure that's a great question and I'm glad you asked that because fortunately I had uh my best friend even to these days I just actually had beers with him last week he the guy that really got me into the industry and taught me how to trade he is still to this day even though he's not in the industry he still is a very he does trade from time to time and he calls me up and says hey you know what do you think about this and I'm thinking about shorting that and that type of thing so he dabbles in the market even though he does other things now fortunately I had him sitting next to me and he was a absolute drill instructor if you will like a military real instructor he would sit next to me and he would smack me on the back of the head say what are you doing you know why are you doing that and you know if I was if I'd made a couple grand that day he would pull he would out he would literally unplugged my computer as I was sitting at it and say it's you're done and he'd unplugged my computer and make me go home that's why didn't I didn't ruin the rest of my day you know no it might have only been 8 o'clock in the morning but those those little things that I can I could sit back and laugh at now it you know now you know you know years later those are the those types of things really made a difference in how I traded and so fortunately I had somebody that I could talk to I guess the point I'm trying to make is I had a companion a trading partner somebody who I trusted um you know that I actually grew up with that that really I could rely on him and ask you know hey what do you think about this and I'm looking to buy this and he's like well why are you gonna buy it they're just you know the stock just moved it just moved ten dollars you know and and and just this morning somebody was buying at ten dollars cheaper so here you are paying this ten dollar premium on the stock why would you do that you know I had somebody that walked me through the process that we could talk we could both you know banter back and forth and that made it that made a huge difference in my career and just to continue on that point you know when you're starting out you don't necessarily know what's a good trade and what's a bad trade or I don't know if that's the right way to frame it but I think you know where I'm heading with this how are you able to kind of realize what worked and what didn't work so much for you well you can figure out what didn't work really quickly by your P&L dose that was pretty that was pretty obvious but um you know you know though that's a great question because I learned I learned from charts I mean I I didn't come from you know I wasn't an economics major I wasn't somebody who you know was who prepared to enter the market through an Ivy League school education and you know made my way into the markets that way I really learned through charts and charts was we're almost taboo at the it was kind of a you know now now charts are seeming like they're incorporated in everything that everybody does no matter what they do in the markets but at that time it really wasn't and and so the the benefit that I learned is that utilizing a chart I could use historical price movements to help me identify where a possible entry point was and I could actually know at what point I made a mistake now as I have spent 20 plus years in the market I've learned a lot about what what drivers move the markets you know especially being in the currency market now when I made the switch really back in 2003 to four right around then is when I really stopped trading equities and when strictly into currencies but one of the things that were some of the things that I've picked up over the years is really learning learning about what drives an instrument or an asset class from a you know whether it's a macro or micro perspective and that has also helped me as far as my my my my you know entering knowing when to enter the market so I can I can actually basically have a theme on what I'm trading and why in the direction I'm going and then find a technical point point of entry you know a based on what I've learned over the years and so what I've what I found though just to answer your question and I know I'm probably going in a circle here though Aaron what I learned is I didn't have to get really fancy with my analysis the analysis that I do today is basically the same analysis that I did 20 years ago and so for me I learned more of a process and once I found the process that worked for me you know that I don't want to say it's a secret sauce but something that you know you know if I look for this fib level on this trendline you know crossed over with this trend line and this RSI look at the probabilities are that you know more time not it's the trades gonna work out if I can put a a maybe some sort of macro theme behind what I'm trying to do I'm just increasing those probabilities and it really didn't take me too long I want to say too long you know you know of a few years where I could figure out on on a chart this is what I need to look for in order to have what I would consider a good shot of having a successful trade and then you know it's interesting what's more interesting is just like any any trader I would fall into the normal traps you know I would I would make a lot of money quickly I get to I get to my head would get too big then my risk management goes out the window then I take big loss and then I have to take a step back and what I always realized is I always went back to the same you know same setup that I had learned years ago and say okay well when I see this this and this that is you know that's that's that's what typically will work for me so I always go back to the basics and and so now what I do more than anything is I just do the basics I don't I don't try to I don't try to vary my process much if my process always stays the same okay that's that's a good answer I like that so let's let's go into this a little further and then we'll probably get into some Swiss specifics about FX so I mean just give us an overview of how you're trading today like what are the type of opportunities that you look for and try to take advantage of it can you can you ask me this question in September like maybe mid September Oh late August is not the best time no of jokes aside I mean all the type of setup side I really try to do is I really try to match up just some basic technical indicators I'm not doing anything fancy and that's what I you know I host a daily webinar and I've been doing it for 13 years now and everybody knows when they when they see my charts and they see what I'm talking about my charts look the same it doesn't matter if it was today or you saw that you haven't seen me for four years and you're popped on my webinar four years ago you'd see the same charts and same indicators and same trend lines and everything looks exactly the same as it did four years ago or six years ago or eight years ago so um you know I I typically will look for pullbacks i I don't I don't chase price and that's one of the things that I learned the hard way as I mentioned to you earlier I'll learn the hard way early on is I never chase price I always wait for prices to come to me so in other words I'm always looking for some sort of pullback Fibonacci's are great tools because that tells you how deep a retracement is and you know obviously the the deeper the retracement is the the less likely a continuation of that trend is so you know I'm always looking for a thirty eight percent retracement or a six one eight which is the golden fib that that really you know produces the most you know most I want to say hits or or retracements will come to those those prices the most you know if I can match them up with it what I'm looking for for an RSI or I'm looking for for a trendline if I can match up those areas together the more I can get to line up the the higher the probabilities are and that's what is a traitor I'm really more of a risk manager you know I'm a managing risk and I'm trying to I'm trying to line up as many probabilities as possible in my direction at any given time and so you know for a typical setup for me it's like I'm looking for a pullback I'm seeing if I can if it if if that pullback we'll pause somewhere where there's a general trend I do look at correlations correlations at this time of the year when there's less liquidity they tend to be less reliable because you just don't have as much liquidity in the markets of you know if somebody's buying gold today or you know that doesn't necessarily translate on buying gold so therefore I'm selling the dollar you don't get those correlations as tight when there's not as much liquidity but I do look at correlations I look at the cross rate effect meaning that if the euro dollar doing something specific on a major cross that's going to influence how I look at the rest of the euro crosses as well so I can say well the euro dollar is really really selling off today so therefore if I'm trading a euro cross meaning like the euro New Zealand currency or the Euro Canadian currency I might be looking more as a short side trade in that because of the cross rate effect so there there are several different things that I might look for as a currency trader but but but typically they're all the same things it's kind of boring but you know people always think that trading is some some you know glamorous thing but I'm it's really quite a boring process that I follow every day hold the thought time has a quick word for a new sponsor of ours trader bait trader bait is a futures broker who are anything but traditional as a trade abate customer you do not pay broker commissions instead you pay one monthly subscription fee a flat rate which starts from $39 regardless of how many positions you trade and how many contracts you trade so it doesn't matter if you trade one contract in a given month or 1000 contracts or more the rate is the same when you do trade with trader bait while you dodged broker commissions it is what it's mentioning you do still need to pay the exchange NFA and clearing fees just to be clear trader Bates inclusive proprietary cloud-based platform is included for no extra cost and has many robust features including a depth of market module charting tools plenty of indicators real time quotes simulated trading and advanced auto types where orders are actually held at the exchange and not on your device or in your browser so that's a really great benefit to learn more about trader bait and how you can reduce your trade expenses visit trader bait calm Ford / traders and sign up for a free two week demo if you have any questions just set up their great support team at trader bayt.com Ford / traders and just so there's no mix-up on the spelling it's spelled trad ov8 e alright guys thanks so much for listening now let's get back to the interview with Blake okay so I asked this question to Nicola joke when I was a good friend of yours when she was on the podcast about Fibonacci's so why do you think Fibonacci's work like was that something what do you think that's something useful to watch for especially the the 61 point aid well Fibonacci is such an interesting concept first of all you know Fibonacci's really go back to you know the the Oh mathematicians and and and and and how we have come to the conclusion that almost everything natural has some sort of Fibonacci ratio attached to it whether you're talking about the distance from your your forearm to your wrist to the distance to your you know wrist to you know your your pinky finger the distance between your pinky finger to your pointer finger you know on a horizontal basis to a leaf in nature or you know or pretty much everything everything has like a Fibonacci equation and a number that that really correlates and and what's interesting is that you can be translated in a human emotion that's why when when when everybody looks at a when everybody looks at a move and they say okay you know that was a strong move in the market and now we're getting a pullback a 50% pullback automatically you know relates to somebody in their head subconsciously that that was a now it's half off that's it was it was it was so much more expensive but now it's half price you know if it's a six one eight it's it's like a natural emotional response area for people and so if you know that about traders and around about people in general the the herd mentality can really be used to your to your benefit and knowing those Fibonacci ratios really is where you know the herd mentality is meeting so what why becomes so important and so valuable in my opinion is when you can match up different Fibonacci's based on different view points of the markets so I might be looking at the euro dollar saying okay well there's this big move from you know from from 1:10 to 1:15 and it's pulled back to where we're at today at 1:00 11:50 oh great you know that that's pulled back about you know a 6 1 8 or maybe you know maybe maybe 62 percent you know retracement but then I can look at it from somebody who's on the short side saying okay I was short from here to here from you know 113 114 and 113 and it's extended itself 161 % extension and it's now gone so far where I've almost have to take profits at this point where I can get different Fibonacci ratios whether it's a pullback or an extension if I could get them want to line up at a certain point the more I can the more what we call confluence or clustering the more Fibonacci's I can get to line up at a certain point the more you know I can argue that we're going to have a turning point whether it's a bounce or it's a pullback from that specific area and I it's something that you know I've always found very fascinating but I think it has more to do with the human emotion component behind the market than anything and and as a trader I try to capitalize on that I always think I always think about I always think about you know the this one simple concept when I trade the markets when people are buying I want to be the one selling it to them when people are selling I want to be the ones buying it so that's why when when there's a pullback in the market and and and you know we just had a strong move higher or lower in the dollar if it's pulling back people are selling it they're just trying to get out they're rushing out the doors I'm looking at a strategic place to be a buyer and when people are rushing in to buy the dollar or sell the dollar they're just rushing and get in I'm usually one I want to be the person selling it to them and so keeping that in mind that always keeps me thinking one step ahead of everybody else and using Fibonacci's helps me strategically find those technical points on the chart that I think are going to be those turning points where you know it switches from being all the buyers coming in to the sellers coming in or vice versa okay so you're pretty much using it as something like a raid on the market psychology I guess yeah absolutely yeah and and you know trading and is all about is all about you know I know that it's that's drawn a lot of computer algorithmic type of trading that are trying to beat the human Soto so to speak and the markets but really it all it all comes back down to you know human emotions and and and and what's driving it and understanding what's driving those emotions and now what tipping points that people get you know they get too antsy where they have to sell they get they feel like they need to rush in and buy kind of understanding what other people's positions are in the market and where they're coming from has really helped me a lot it's kind of like you know I'm sure you've heard this before interviewing so many traders over the years there and you know trading is like playing chess but when I when I play chess I'm playing against a lot of very advanced people in the markets and you know they might be trying to think three or four steps ahead I'm trying to think four or five steps ahead of everybody else so that's where a lot of these fibs come into place because I can I can look at the market and say well you know if that was if there if they were buying up here 114 and here we are 111 at what point do they get nervous and at what point do they need to feel like I need to get out here this is my do-or-die well as they start to exit the market that's where I start thinking okay well you know as they're exiting those masses are exiting I want to start looking to be a buyer and so I always try to take an approach that way and then you know I mean there's a lot that goes into it obviously but at that at that point just saying okay if I want to be a buyer here where's my where's my risk and at what point do I need to get out and say I'm wrong because I will be wrong and I'm and I am wrong quite a bit just like every trader out there but being able to manage your risk is also equally important part of of of trading undoubtably so earlier you reference the this six one eight Fibonacci and you talked about how you'd like to see a retracement to that level when looking for an opportunity to buy a pullback how much variance do you give that level like I presume that you're not expecting that the price is going to pull up right on the cent or at that very level like how much variance do you give that level to say whether it's held or not that's a that's a great question I levels are levels you know whether you're using a support level or a Fibonacci or you know some sort of horizontal resistance or whatever channel channel support resistance anything technical I have to look at it as a zone you know a zone and I have to keep it in the context of what chart I'm looking at - I do consider myself a fairly active day trader but I also like to swing trade the markets and I I tend to take you know a lot of positions that I might be in for a day or two you know depending on the environment like this week I tend to be a little bit more active just because the markets not giving me you know opportunities to sit in the market for several days at a time so but the reason why I needed to make this point is because it depends what chart you're looking at and you have to realize that every every level you know whether it's a fib level or resistance or whatever it is that you're looking at technically levels are meant to be broken and they're meant to be probed above and below so you very rarely stop right on a a fib and and that's why I would say that you know technical analysis is not you know you don't look for perfection there's a lot of imperfections and there's a lot of you know error for judgment you have to you have to to gauge for that so if there's like a six one eight retracement and it's a it's like let's say we've we've seen a multi-week run higher in the euro and it's about ready to come down or it's been coming down well if if I see the six one eight it being it let's just say 111 I would expect that there would be a move below 111 maybe to 110 80 maybe 110 70 but I want to see how the price reacts around that around that Fibonacci you know how how buoyant are we and and so that's when you start looking at you know what what charter you what chart are you actually referencing if I'm a day trader I might be looking at at an hourly chart I'll be looking for how do those hourly candles respond around that that that level you know if I'm look if I'm a more of if I'm going to take more of a swing or or position approach to the market III start to look at the daily candle okay are we going to close above or below it you know and and Japanese candlesticks have have proved to me to be such a valuable tool in the markets because that the the a Japanese candlestick and how you read that candlestick is how you read price action especially for the day those daily candles are so important because it can tell you who's who got caught holding the bag today you know in the markets whether you're trading you know an individual stock or you're trading currencies or any instrument for that matter those candlesticks can tell you you know hey there were buyers early on in the day somebody got caught you know buying early in the day and by the end of the day we closed that our low those those people that bought at the highs are probably going to be really nervous and selling tomorrow so understanding that the anatomy of a candlestick is equally important so if you factor that in with some of the you know fib levels that you're dealing with it can become a very value or a very powerful way of trading especially when you're trying to time your your entries to get in or out of the markets okay so you talked about the the what was it the close of a candle and sort of the open the following day yeah are they still as important as they might be in like equity markets because you know in FX your trading pretty much around the clock for what is it six days awake is that open and close is it still as important it is it really it really is I find it extremely valuable you'll notice that most most brokers that that you use whether you know I know you're in you're in Brisbane and and is that's correct right yes you're okay near Brisbane and and I know Australian traders that have their charts queued into their brokers closing at a New York close so that means your daily candles probably closing at a 5:00 p.m. which was just just you know a 4045 minutes ago they would have that daily candle close no matter what part of the world are in European traders the same way and and the reason why so many brokers in the FX will use a North American clothes because it's the it's the very end of the day for the world so if you talk about you know where you live in Australia whether you're talking you know in Australia or New Zealand you guys really kick off the next calendar day so North American traders really have the the the closing price and it's it's really important and I've had so many European traders say well my my my clothes my candle looks a little different and they're they're brokers are closing at the London fix let's say and and I was told you know hey try to find a broker that actually gives you a daily closing price or can close their you know has the option to close the candle at the New York close because that really I think is the most important if you're dealing with the 24-hour market mmm yeah I could see how that could get confusing especially for newer traders now just backing up a little bit you know you started out your career as an equities trader and then later on I think was around 2000 to 2003 you transitioned to trading Forex and you've been dating for X of a sense I mean was there anything that was particularly difficult to get used to when you're coming over to trading currencies and what was the appeal for actually doing so as well that's a that's a that's a great question and and in an outside air and the the hardest part for me to understand at that point was oh my god the markets are open 24 hours a day and realizing that I could for so many years I used to just say okay the markets closed and you know and even even back when I first started trading there were in pre market post market trading the market was closed is closed it's like okay the day is over and then they start doing pre and post-market strain but that really just kind of kept you in the market with very liquid situations for for a couple hours at a time like it is now but when when there was a 24-hour market it took a little bit of time to understand that you know Wow okay it may be the evening here in the United States but you know things are rocking and rolling over in Sydney and in Hongkong and it took me a little bit of time to understand that there you know we look for major overlaps in the market so you know when when they Asian I would say you know May the Pacific area where you're at you when when the Asian markets overlap with the European markets you get this you know massive amount of volatility and then also when the European markets in the North American markets cross over you get a massive amount of volatility then you can kind of get a deadtime it DeLuca DT kind of tapers off as european stocks close and and and and kind of understanding that part of it was was definitely a learning curve and and i think if i didn't if i had kids at the time like I was just starting up at that chapter of my life where my wife got pregnant maybe your year or two later if I would have had kids at the time it would have been a little bit more challenging not knowing you know and not knowing because I found myself I found myself up at 9 10 11 o'clock at night monitoring my positions where I hadn't done that before getting up a lot earlier than than before just to be around during the European hour so that was uh that was like one of the big I think one of the big challenges for me but it was also a lot of fun and it seemed like to me it provided so much more opportunity and I'm somebody who has always been very passionate about the markets I have loved trading the markets I I think I'm in front of my computer probably a good 15 hours a day and and even if I'm not in front of my computer I'm running around with you know my phone watching quotes so I'm pretty much got a beat on the market as long as I'm awake and so that it provided in my opinion a lot of opportunities to and and and and ways to take advantage of the markets that I hadn't seen before in the past okay so you brought up an interesting point there and it's actually something I want to ask you about your actual main trading hours so you said you're pretty much ensuring with the markets for about 15 hours a day what are your main trading sessions like within those 15 hours are there like a few hours where you're most active yes there are and and one of the one of the the drawbacks to living on well I'm on West Coast hours I don't actually live on the west coast of the United States but I trade during West Coast hours seven months out of the year one of the drawbacks to that is I do get up extremely early because that's when the European markets are opening and you've got most of the traders in New York or Toronto you know that are really sitting down and getting in front of their computers so you know I get up extremely early and my day is pretty busy until the European markets closed once the European markets closed the date the liquidity tends to to to to pare back a little bit so my busiest time is like a like I explained you when you have those overlaps with when the European markets are open and the North American markets are open and you get that that the New York Stock Exchange open if you will that is a very busy time of the market that's and it's early in the morning for me but I I guess I'm an early morning guy and I've always have been so it's it kind of fits to my my schedule okay so fit like an you a trader who be listening to this right now as someone who's just starting out in trading especially Forex do you think it's a good idea for them to be tuned into the market for let's say you know 15 hours a day or like not not necessarily like sin in front of their computer glued to the screen for those 15 hours but you know maybe checking their phone checking quotes seeing what price is out is that something that is beneficial or is that almost unhealthy or like too much noise for someone who's just starting out like is it good to have like a time whether engage with the market and then at other times when they completely switched off from it yeah I think the reason why and I don't want to scare anybody who's new the the reason why I spend so much time in front of the computer is more of a product of my what I do you know I'm a full-time trader I also I'm you know I have a company called Forex analytics where we you know I have a team with Nicola Duke obviously she's you know we we analyze the markets we put out analysis for traders throughout the course of the day so I kind of it's been my job and with being the chief currency strategist wise trade that I kind of have to sit in front of the computers all day and it's it's what I do but for somebody who's a new trader I really don't think it's it's it's so important but it also depends what you're trying to do and the the great thing whether you're trading currencies or whether you're trading the markets in general I think you can approach the markets different ways you know you can you can say well all right well I just want to be a I just want to be an active trader I want to kind of get in and out you know over the course of a couple hours and then you know be out of every position and be done for the day well then you look for those those great overlapping times you know whether it's where the Asian so it'd be like mid day for you like the Asian markets and the European markets where they cross over you know that's an active time to be in the markets you could you could really you know be in there to you know take advantage of some quick opportunities be in and out and be done for the day the flip side to that is if you're if you're if you work a full-time job and you're like okay well I'm just trying to tackle the markets more and just try to make some extra income then you probably are taking a more of a longer term approach to the market or a position type of approach you're going to use them more of a macro backdrop behind what you're doing you know I am buying the dollar because the Federal Reserve is actively raising interest rates --great okay I'm only looking to buy the dollar so then you look you you're looking for those those opportunities every few days where the dollar has pulled back and you're looking to take advantage for a day or two as it pulled back and then you can buy the dollar on the cheap and then spin out of it a day or two later you know and and if that's the type of approach that you're taking I really don't think you need to you know spend that much time in front of the computer looking at you know all the different screens what I do like though Aaron and one of the things that I've learned as being a trader is I've always got I've always got some sort of position on no matter how how small it is I've always got you even like you know this time of the this time of the mark where I know the liquid is kind of poor I've got I've got positions in the market that I keep open based on whatever reasoning I've got to buy or sell the currency but I do it because it forces me to always be looking at quotes because if I'm looking at quotes I'm always keeping a beat on the market the markets are not like a bike and I and I'm I've found this to be so true over the years of trading it's not like a bike where you can just you know you haven't ridden a bike in five years and I pick up a bike and just ride in the markets it takes some time to get your head reengaged back into the game so by having a position in the market I call it a marker I have a position in the market it may be I may not be making a whole lot of money I may not be losing a whole lot of money but what I'm doing is I'm forcing myself to keep an eye on prices so this way I'm always keeping an eye on price action and it keeps be aware of oh hey you know the euro was just trading at 115 the other day and now it is at 113 well we've had a brillo pad just over the course the last couple of days why is that and then it forces me to find out the reasons why that pullback has occurred and and therefore I'm always engaged in the market it's kind of like I'm riding a bike and I'm still on it I haven't I haven't I haven't hopped off it I'm just still I'm still kind of on and even though I might not be you know riding too quickly or being to-to-to-to overly aggressive with my bike riding if that makes any sense it does make sense and it's quite interesting it's um so what if you don't have it what if you don't if there's nothing that's really like standing out to yours as being a good opportunity to get into the market you still just put a very small position on regardless am i understanding that right I was for I always find something to do there's always something there's always something happening in my in my opinion there's always especially in the currency market there is always an overarching theme that's driving the market so whether it's you know I'm extremely bearish the Kiwis so I'm going to have some sort of Kiwi short exposure going at all times or I I think the I think that the dollar is extremely bearish so I want to keep some you know dollar dollar shorts going at all times and then I'm extremely bullish the yen right now so I might have a small short dollar yen just to keep a it helps me keep an eye on the market I tend to have something running almost all the time but that's my own that's my own personal strategy I don't necessarily think it's right for everybody but it's something that I do because like I said it forces me to stay engaged in the markets okay okay sure so talk to us about those overarching themes you know macro events economic factors how important is it to have a grasp on those sorts of things as a Forex trader like can you would you suggest someone trades forex purely based on technicals and price action or economic factors and those are the few things I mentioned are they really important to have a grasp on toe that's that's a that's also a great question and I feel that I feel that having some sort of base understanding of why the markets are moving up or down is important I rely really do and because if you if you're just looking at charts it's kind of like driving with you know one hand over your your right eye going with one eye closed you're not seeing your periphery you're not seeing everything around you so I think having a basic understanding of what what drives the currency market is good you know there's a there's there's a there's a you know website called investopedia it's such a great resource for for for traders you know no matter what instrument you're trading I think that's a great place to start just trying to understand what what drives you know what drives individual currencies there are some you know economic events if you're not aware of them they can really alter the outcome of whatever you're attempting to do in the markets and that's why it's important to know you know what news events are coming you know like you know tomorrow for example just I know people are going to be listening this at different times but tomorrow in Australia there's a couple key events of the week that if you're not if you're not in tune with knowing that those events are happening tomorrow morning in Australia it could really influence you know what you're doing with the Australian dollar so yeah you know I think it's I think there's a lot of great resources though that'll help educate you you know you the individual trader out there so where's a good place to be in tune with those type of events that are coming out that are scheduled for release like is there a website you can get all this information from yeah there's a there's a few great websites um first of all III think that if you're using any of the big brokers FX brokers no matter you know who you're using in the market they were going to have some sort of resources for you whether they have their own analysis team or they they contract that out to another team they tend to offer some analysis and probably a schedule of events on the site somewhere you know depending on what broker you're using but most of them offer that that type of information one of the websites that I love to use is forex factory it's a it they've they've got a forum I don't read through the forums because I don't I don't like to get caught up with what everybody else is saying about the markets it you know I don't like anybody influencing my my take on the market but I like to see what events are coming and if you go to their calendar they've got a really intuitive calendar to use it's it's very easy for the average trader to go and look at and say oh you know there's an important event coming up in Australia or in in Europe so that Forex factory is great there's a there's also a team of traders they have a free site it's called Forex live a wonderful team of traders out there III really have the most respect for all those guys behind that that that that company the guys that started it I've I've I know and I've you know been associated with for for the last several years I've communicated a lot with those guys and the guys that run it now are all very sharp individuals so I have a lot of respect for them as well and that's it it's a good place to get started you might feel a little lost as a new trader you might say oh god I don't really understand that but don't worry you know it takes time it's not it's not something that you know it's it happens overnight but the more you read and the more you learn you know the more comfortable you're comfortable you're going to become with with with what's happening around you globally but it is a global market and it's important to have a have an idea of what's happening in in each of the respective currencies in countries that you're trading right right okay not really awesome answer like I appreciate you you sharing that with us sure so one other thing I'd like to talk about while I've got you here is forex brokers now there's a few different things I want to ask you around the subject but let's start with actually let's start with leverage so you know as we know many people are at did too forex for the huge amounts of leverage that are available how do you use leverage and what advice would you give to less experienced traders using leverage I'm so glad you asked that question um I am the leverage is not important to me I I could almost trade on a cash basis but that just happens to be my situation it's not the situation of everybody because I under understand hey you know I'm trying to get started and I only have a have a small account i've you know i feel i can't i can't you know it's hard for me to get around in the equity markets because i need more money to buy some you know buy shares or stock it's just more difficult so they come to the forex market because the leverage um i always i try not to think so much about the leverage i tried to think about the risk associated with each trade alright so what i mean by that aaron is like let's say I'm buying one lot of the you know the euro dollar you know whatever whatever lot it is you know whether it's a regular lot or it's a micro lot or however your broker coins it if you're buying a lot of the euro dollar and you say okay I'm going to buy it at 111 but I only want to risk down to 110 what I always tell people is figure out because whenever you trade the first thing you should ask yourself before you even get into a trade is what is my risk that's that's like that's like that's question number one most people have it backwards where they say okay well I'm going to buy the euro I'm going to buy it at 111 I think it's going to 120 great what's your risk that's the first question I'm going to ask at what point do you think you're going to be wrong at what point do you have to pull the plug and say alright I need to get out of this thing well if you bought it at 111 it goes down to 110 you have to figure out how much money that's going to cost you to be wrong and you go okay well if I bought the euro 111 and I sell it at 110 I'm just going to use easy numbers here I'm going to risk a hundred bucks that's $100 great you're risking $100 now if you have a thousand dollar account and you risk $100 you're now risking 10 percent of your account I don't care what margin you had available to you you're losing 10 percent of your money in one trade that's unacceptable now if you say okay well I'm buying the euro at 111 I'm going to sell it at 110 if I if I if I if I if I take a loss I'm going to lose a hundred bucks well if you had ten thousand dollars in your account and you lose a hundred dollars now you're losing one percent of your trade I feel personally I feel that's more you know that that's more acceptable that's within maybe somebody risk parameters so again it's not about the leverage it's about what your risk is in that particular trade versus your account value that you have because you know I could take a trade buying the Euro and sawing the Euro buying it 110 and if I take a risk RFI if I take a take a loss in it and I get out of 110 you know that risk to me might have been a thousand bucks and if I have a hundred grand in my account I'm risking a percent of my trade excuse me a percent of my account in that trade that's acceptable risk for me but if you only had ten thousand dollars in your account that's not acceptable risk that means you have to you have to adjust your position size accordingly to sustain you know the whatever you think is appropriate risk and I think if you if you have that approach to your trading errand and you have reasonable you know risk parameters and I say reasonable you know I don't think you should risk more than one percent in any one trade at any given time that's just a nice rule of thumb that's very easy to remember but I think if you stay within those types of risk parameters it doesn't really matter how much leverage you have you shouldn't exceed the the leverage the broker will give you because leverage is as you've probably heard before it's a double-edged sword it can work against you in mean ways and so if you're if you're just if you're mindful of the the risk you're taking in every single trade and making sure that that risk is manageable and it's within reason you shouldn't have a problem with the leverage that they give you the leverage they should give you should be ample more than ample I don't know if that answered your question no it does and it's a really good way of looking at it you know risk first over anything else I think that that's a really good point you bring up you also said in your answer there and I think this this leads to my next point is if you're starting with a thousand dollar account let me rephrase that so if it seems as though in forex a lot of brokers will let you open an account with a lot lower minimums you know I think some of maybe even 500 bucks could be less I'm not really sure but you know in your opinion what's the absolute minimum someone should begin with as an account size who is genuinely serious about trading as a career you know III don't think I can answer that question because I don't you know anybody who's listening this podcast I don't think and you know I I can I can't make a roundabout assumption that everybody fits this one bill but I do think that account minimums like that that are a 500 bucks or $1,000 I just don't I really don't think that's realistic that it seems to me that it's more like a hobby it would be a hobby for somebody if you're really serious about trading I I really think that you should have a bigger amount in your trading account but also still managing it the same way you know like maybe a five thousand dollar account or maybe a ten thousand dollar account or maybe even a two thousand dollar account but when you start getting in the accounts less than ten thousand dollars you're dealing with what they call at least a lot of brokers will call a micro account and it's great you know what it's one of the benefits of trading currencies is you can you can really you know people always say you know Blake should I push I practice trade with on paper I'm like why because if you can if you can trade a micro lot and you get into a trade and you lose 50 cents or you lose a dollar you know it's it actually you still feel the emotion whether you're whether you're making whether you're losing five dollars or whether you lose in 50 cents or you're losing $500 or $5,000 you still feel the emotion of that oh my god I did it right or wrong and you know it kind of forces you to make the good decisions even when you're trading with such little but the great thing about currencies is you can really test the waters with such little amounts even you know so if you're really serious about it I think you got to stay away from the minimums and and if you're not in that if you're not in that camp and you say well I can't really I can't really you know get there well then you should save up to get there you know before you really you know get in the markets and maybe in the meantime you practice you know you practice on paper just so you understand that the trading platform that you're using because being able to execute and knowing what you're doing when you need to do it you know it's like I'm getting in the euro I'm getting out of the pound I'm getting in the Aussie whatever you're trading you want to know how to execute that trade instantaneously so it's more of second nature so even if you're even if you're if you're like well I'm going I'm not enough I'm not quite there to have you know five thousand dollars in my account but I'm saving up well in the meantime you know understand you know the macro-environment take some time and go through those websites that I I gave you just just to learn a little bit more before you're you're really putting you know you're putting real money to use yeah that was a good answer Blake I think I think you got to the point I was trying to try to lead you to even though that it probably wasn't the best way to find a question but I just wanted to bring up that subject of you know these very small account minimums that are available through some forex brokers and you know still on the subject of forex brokers it does seem as though there are you've got to be quite selective on the type of broker you go with especially in forex it seems to be you know some sketchy brokers knocking about yeah what should traders be wary of when selecting a broker and what are the tails of a reputable broker that that's a that's a that's a great question I you know so I'm going to give you just a real easy answer stick with the big names you know if you whatever the big names broker brokers are those are the ones that you want to stay with because they're usually highly regulated by the government which they reside in whether it's in the UK or or it's in it's in the United States or even in Australia just use a the biggest the biggest broker you can find I know it you know a lot of people don't want to don't want to do that because they're like I just don't I don't use BIGBANG so I like to use a small bay but in the currency market you know you want to make sure that your broker is being regulated pretty extensively and that's why some of the like we have a couple brokerage firms in the United States that are publicly traded companies and that means that they're extremely extremely scrutinized from a regulate regular regulatory standpoint that does not make them immune from losses because obviously after after if you know anything about what happened with the Swiss National Bank decision a couple years back when they when they they they really wrecked some big UK brokers but at least you know you'll you'll be more protected being with a big bigger broker in my opinion you know some of these smaller outfits yeah you have to be a little weary and I if I'm gonna if I'm going to you know put my money into a brokerage firm it's going to be with a firm that that is there as a reputable name on the street okay all right like well let's let's wrap this up men it's been awesome spoken with you thank you thank you so much for doing this so I appreciate it I thank you for having me on here I've heard about you over the years you do really great work and I'm honored to be a part of it and I travel thank you um where's the best place for listeners to go to find out more about you um well I I'm on Twitter I'm pip czar and by the way pips are was a it was a client given name many years ago so don't I always always have to preface people like hey you know this was a handle that that one of my clients gave me years ago when when they initiated her cars are they somebody called me the pips are because I traded you know price interest points and so that's where I came from it just stuck so I on Twitter I'm at pips are and if you go to our site Forex analytics and that's spelt analytics with an X at the end now like CS I'd be X myself and several other team members we provide analysis throughout the course of the day and and and you can you can see our blog there it's we have a lot of write-ups on different exotic currencies and crosses and and whatnot and and also I am the chief currency strategist at the wise trade group and that means that I host webinars throughout the course today so if you if you follow me on Twitter everyone smile send out a link where you can log in and listen in and and it's it's free you know I don't it's not a sales thing I three and a half hours a day of just basically analyzing the markets and answering questions from individual traders like yourselves and we talk about what's moving and that's that's the we cut through all the the financial the financial TV show crap or it's just it's us what's moving and what's not and let's take a look at it so excellent and I should probably just mention your Twitter handle is spilt p i-- p c-- z AR that's correct isn't it that's correct yeah PA pc z AR correct good one so go for like like on twitter and once gained like a huge appreciate you coming on man thank you very much oh thanks for having me Aaron it was a lot of fun I can't believe how fast time flew why you've reached the end of this episode of chat with traders but rest assured there are more episodes loaded with real market insight and zero hype on the way soon so to stay updated with each great new release subscribe to the podcast and I and we'd love it if you leave a rating and review we'll catch you next time on chat with traders you

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Keywords: forex, forex trading, fx, blake morrow, wizetrade, forex trading for beginners, forex factory, forex trading strategies, forex reviews, forex brokers, forex signals, currency, currency trading, currency trading strategies, forex for beginners, fx trading, forex analytix, nicola duke, technical analysis, fundamental analysis, day trading, forex day trading, forex swing trading, swing trading, trading broker, trader interviews, trading strategies

Id: IZvgHwMgAcU

Length: 80min 41sec (4841 seconds)

Published: Mon Sep 12 2016