About Pick of the Day

Pick of the Day Author

At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. Trades will be posted by 1 am ET, Monday through Thursday evening.

Read First: Trade Rules!!

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March 2007

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Book Review: "Adventures of a Currency Trader" by Rob Booker

Knowing that I have to constantly continue my education and knowledge in trading, I do try to read at least one or two books a month to stay fresh and check out different ideas. I thought I'd start sharing my thoughts and promote books that I think would be great for newbies to check out. I'd like to kick off this new feature by sharing a book I picked up today by Rob Booker called "Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing."

Quick Synopsis: This is a fictitious story about Harry Banes, who goes from a file clerk manager at a law firm to a full time trader.

That's pretty much all I'm going to reveal about the story. I don't want to ruin it for anybody who plans on reading this book because I think EVERY new trader should read this book. Actually, before reading a word on technical analysis or trading strategies and systems, this should be the first book to read for anyone new to trading! (No, Rob Booker didn't pay me to write this, but if he wants to, I'm not going to say no... :-D)

Rob Booker did a wonderful job in creating an engaging, motivating, as well as educational story of a man who got bit by the "trading bug" and never looked back. Of course, Harry's road to full time trading wasn't an easy one. His story is probably one that all of us who trade now can very much relate to (which is probably the reason why I couldn't put the book down). For those who haven't started trading yet, this book will show the right mindset needed to last in this game, as well as what "shooting from the hip" can do to your account versus preparation and hard work.

I think this would be a great read for those already in the "trading game;" especially those who find themselves in a slump or complacent with their own trading. This book will fire you up to re-examine yourself and your own methods.

So, check out Rob Booker's book, "Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing." Your trading account will thank me for it! :)

Comments (1)

I've read the book and i second your review of it. It is a nice piece of work. The point i think the book drove home was the fact that a proper mind-set is more important than anything technical you can learn. The technical aspect of trading, although absolutley necessary, can be learned from almost anywhere, from almost any book on trading. But there are so few resources that actually spend time talking about the correct beliefs and attitudes you need to have to succeed. These are the aspects of the trading journey that are so much less obvious that need so much more emphasis. Rob's book acheives that objective. Great read!

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