We all know how risky investments can be. As with any business, your potential to earn will always co-exist with a potential to lose. Same thing applies when you decide to participate in the markets. In Forex, you are playing with real money, and it is always possible that a trade will turn against you. So with that scenario in mind, is getting involved with forex trading worth it?

Do you know the biggest challenge to becoming Consistently Profitable? Listen to this interview to find out...

Today I have the pleasure of welcoming Rob Booker to the show. Rob is a currency trader with over 15 years of experience trading Forex. He hosts "The Traders Podcast" on iTunes and is the author of Adventures of a Currency Trader.

Winning and losing are 2 aspects of Forex trading. You cannot have one without the other. We will always have losing trades, no matter how good we are. However, sometimes in an effort to get unrealistic returns, we put ourselves in a position to take huge losses. Is this really worthwhile?

1:02 Why is it NOT worthwhile

·         BIG loses go beyond the monetary loss.

2:53 Loss of Perspective

4:37 The Psychological Effect of Losing Trades

5:30 Recommendations that will help you get over your losses

An in-depth understanding of the market, discipline and consistency are some of the key components for trading success. But how do you develop these? 

It is my pleasure to chat with Chris Lori on this show who shares some golden nuggets on how to develop as a trader and the importance of having a trading Development Plan. Listen to the show to see how you can come up with one yourself.

Chris is a registered CTA and a Fund Manager. He has over 16 years of experience in trading Forex. Prior to his trading career, Chris was a decorated Olympian in the sport of bobsledding with 9 Crystal Globes, 22 world cup medals and an overall World cup title to his name.