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FX WOMEN IN FOREX


Carol Harmer Interviewed by Maud Gilson


“Most of the newer technical analysts today who base their analysis on algorithmic or mathematical models have never traded on a market,” says Carol Harmer, founder of Charmercharts. “I am sure they would not be able to trade in today’s markets using the tools we had when T/A first became popular…” With a career spanning 29 years and ranging fom trading in the pits of the London Futures Exchange, to helping set up the technical analysis operation on the dealing room floor for Midland bank, to heading the Nomura Technical Analysis Trading desk, Carol has undoubtedly become one of the most respected and established technical analysts in the UK. She was one of the first Bank T/A traders to join the Society of Technical Analysis back in the mid 80’s when Technical Analysis was still “a new budding flower in the City’s bank dealing rooms,” says Carol. She has since created her own website in answer to widespread demand for her forecasts. “Even to this day, when I look at a chart,” says Carol, “In my mind’s eye I still see those bond pit traders all bellowing and shoving each other in their struggle to get out of the wrong way positions.” In this “Women in Forex” exclusive interview series fom FXstreet.com, Carol Harmer talks about insights market movements, trader behaviors, being a woman in the banking culture, and the charts behind them all.


56 FX TRADER MAGAZINE July - September 2011


Charts are there to make us money, you shouldn’t need a doctorate to understand them


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