Successful Trader's Cheat Sheet
Give me the CHEAT SHEET!
Successful Trader's Cheat Sheet - NO

An investor can profit from the difference between two interest rates in two different economies by buying the currency with the higher interest rate and shorting the currency with the lower interest rate. Prior to the 2008 financial crisis, it was very common to short the Japanese yen (JPY) and buy British pounds (GBP) because the interest rate differential was very large. This strategy is sometimes referred to as a "carry trade."
High Risk Investment Notice: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. The products are intended for retail, professional, and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD") could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD, inclusive of all EU branches, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume.
Apart from the podcasts, Rob has also brought on board a few writers who publish their supposed success stories. For example, I came across one post from a guy who claimed that he was ranking among the top 5 technical currency analysts yet he was not making profits during the early stages of his trading career. Then as time went by, he learned how to do it right. All of a sudden, this guy started making $1,000 a day by trading what he had learned.

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When trading in the forex market, you're buying or selling the currency of a particular country, relative to another currency. But there's no physical exchange of money from one party to another. That's what happens at a foreign exchange kiosk—think of a tourist visiting Times Square in New York City from Japan. He may be converting his physical yen to actual U.S. dollar cash (and may be charged a commission fee to do so) so he can spend his money while he's traveling. But in the world of electronic markets, traders are usually taking a position in a specific currency, with the hope that there will be some upward movement and strength in the currency they're buying (or weakness if they're selling) so they can make a profit. 
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

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Well...I may be the only reviewer giving 5 stars to Rob Booker. I am a guy in my late 50's that started trading 12 years ago with no direction, a good chunk of capital and the dream of hitting it rich quick. To not bore you with my story here is the end of the chapter: I lost all of my trading account (close to six figures) in a year and a half of trading. I then stopped trading altogether until just 6 months ago. But this time I am older and wiser and made myself the promise to be patient and do it right. Easier said than done. But I have to say that I am consistently and profitably trading now thanks to Rob Booker. I didn't buy any "trade signals" (actually I don't think he sells any) but I listened to him and changed my mindset for trading. Not an easy task but I did it and thanks to him. Now, I would not recommend anyone to buy anybody's "signals" - learn who you are first and then follow a system, any system. The only enemy is yourself, not the market forces or bad "signal services". Cheers!

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Well...I may be the only reviewer giving 5 stars to Rob Booker. I am a guy in my late 50's that started trading 12 years ago with no direction, a good chunk of capital and the dream of hitting it rich quick. To not bore you with my story here is the end of the chapter: I lost all of my trading account (close to six figures) in a year and a half of trading. I then stopped trading altogether until just 6 months ago. But this time I am older and wiser and made myself the promise to be patient and do it right. Easier said than done. But I have to say that I am consistently and profitably trading now thanks to Rob Booker. I didn't buy any "trade signals" (actually I don't think he sells any) but I listened to him and changed my mindset for trading. Not an easy task but I did it and thanks to him. Now, I would not recommend anyone to buy anybody's "signals" - learn who you are first and then follow a system, any system. The only enemy is yourself, not the market forces or bad "signal services". Cheers!
Any forex transaction that settles for a date later than spot is considered a "forward." The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points." The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future.
Never heard about Rob Booker. But if you interested in price action trading, Ichimoku trading & other PA based trading I would like to suggest Chris Capre for you. Because I completed few courses under him. Google 2ndskilesforex. Hopefully you can get to know more about him and there are loads of free articles, videos,analysis & other materials available there.
Any forex transaction that settles for a date later than spot is considered a "forward." The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points." The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future.
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