4.6 • 658 Ratings
🗓️ 26 November 2021
⏱️ 60 minutes
🧾️ Download transcript
Real Stories of real investors: Currency Trading
This week we interview Rob Booker about trading currencies, stocks, FOREX, futures and his successes and failures doing so. We discuss the use of leverage, carry trades, currency pairs, managing risk, and some of his favorite books to get up to speed.
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0:00.0 | Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life. |
0:10.7 | Hello, Smart Money Tree podcast listeners. Welcome to this week's show. My name's Kirk Chisholm and I will be your host. |
0:16.5 | So today, we're talking with Rob Booker. How you doing today, Rob? I'm doing great. It's great to be here. Thank you so much. |
0:22.5 | Yeah, well, glad to have you on the show. I know one of the areas that we get a ton of questions from listeners |
0:26.6 | is about, you know, currencies, trading currencies. I know the stock market's kind of been on fire a lot, |
0:32.5 | and we'll talk a little bit about that, but I think the currency market is something that every once in a while you hear these |
0:37.6 | great stories. So I wanted to really kind of bring you on to kind of talk about those. |
0:41.4 | So maybe you could talk a little bit about your background, like how you get started in investing. |
0:45.8 | That's great. I'd love talking about currencies. And it's been a while since anyone asked me |
0:49.4 | about it. So that's exciting for me to get a chance to talk about it. I got started 21 years ago. |
0:55.4 | I had started a business with a college friend of mine. |
0:59.1 | And as all new businesses are prone to do, we did a great job at some things, |
1:05.2 | at a terrible job at others. |
1:06.6 | And that business failed and my business partner actually left the country. |
1:10.7 | And during the time that I had |
1:12.4 | been in law school, I had been fascinated by the stock market. I was in law school in the San Francisco |
1:17.9 | Bay Area in the mid-1990s. So I sat at Montgomery Securities at an internship while Netscape was going |
1:25.1 | public and the dot-com stocks were just sort of just starting their run. |
1:30.5 | And I caught the bug, but there wasn't really anything that I could do about it. |
1:34.2 | I was in law school. |
1:35.5 | I really thought I was going to be a lawyer. |
1:37.9 | I can't believe I finished law school. |
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