Take 5 with Blake Morrow

Blake Morrow is the Chief FOREX Strategist for Wizetrade. Not only does Blake teach thousands of students nationwide to effectively trade the markets with the Wizetrade FOREX tool, but he has also been a national trainer for Wizetrade^® software. Blake was also a co-founder of LiquidTrader^® Technologies. Prior to joining The Wizetrade Group, he managed six-figure trading accounts in a day trading operation and was a co-owner of a Dallas-based day trading firm. Catch Blake each weekday on The Morning Edge at 7 a.m. Eastern/6 a.m. Central.

1) What do you find to be most enjoyable in your role as an analyst on Wizetrade TV?
It has to be when I hear a customer tell us how big a difference the analysis has made in his or her trading, hands down. Knowing that you are making a difference in people’s lives is definitely the most gratifying feeling about being on WTV.

2) What is most fun about trading the (spot) FOREX market?
Well, I’m not sure if it’s just trading, or trading in this market. But just the thrill of trading is awesome for me. My whole professional career has been as a trader in the markets… and with the flexibility and leverage this market offers… it just can’t be beat!

3) What is the most common challenge you see coming in from traders who call in or email WTV?
I think it is not understanding the market at first. You know, buying a stock, or even “shorting a stock,” makes sense. But when you are simultaneously buying and selling a currency, I think this adds confusion to the mix as a beginning trader.

4) What is the single most important component to trading successfully?
Discipline… follow your rules and act then and only then.

5) One thing we did not know about Blake Morrow is…
I use a lot of Post-It Notes to keep my life in order.