FX WOMEN IN FOREX MG: How did you start
trading ? RH: I started when I was 17
and it was really by accident. My mother had let me get a job in high school but part of the bargain was that I would give her 25% of my weekly checks and she would invest them. Still being a kid and a “know it al l” I decided that I would track the price of the mutual fund that she was investing in with the idea in mind that if it began losing money
I months could increasing value
actually so
say to
her “see mom it’s not working I don’t have to give you 25%...” Over the course of about 3-4 it was in
I had put in whatever amount it was and the value of the fund was growing. I realized that this is really going to be something I need to learn more about: my money was making money for me while I slept.
MG: When did you start to
trade for a living ? RH: I graduated college in 93 to
my mother because I had gone to college with that thought in mind. I was somewhat actively trading and investing in college
62 FX TRADER MAGAZINE July - September 2011
and decided not to attend law school. It was a tough sell
and I really began to fall in love with the whole process and law school became less and less interesting to me. Being self-employed was
something I always wanted to be and being a trader is being an entrepreneur.
MG: How and why did you
decided to add Forex into your trading portfolio?
dollar, Dow, crude oil, gold and how they
RH: I had actively traded the related back to the
Forex market so I added Forex to my overall trading approach but still included futures. What
stocks and futures ? RH: Forex is a 24-hour
market which obviously offers me a lot of flexibil it y: the market is open Sunday through Friday versus the futures and s tocks markets that open and close daily. I can choose which financial centers to trade. Also news and events are discounted into the market in a more org anized and timely manner.
is
The best edge in my opinion that Forex offers
true risk
Frankly I’m kind of thankful that I didn’t have the Internet when I first started trading
attracted me to Forex initially was the fact that I felt it was a logical extension of the active futures trading. Also, back in late 1999 to early 2000, the regulations began to take hold here in the US and the Forex market really began to get more of the spotlight.
MG: What about Forex
in particular do you find interesting, as opposed to the other markets you trade, like
management. The reason I stay “true” is related to different factors: the cont inuit y in Forex which makes my order execution more effective ; the lack of gaps; a smoother price
action that
comes from a liquid 24-hour market; and
a clean technical analysis via indicators. All these aspects represent an edge for me. Another advantag e of Forex
is the very high liquidit y throughout more of the day as opposed to the other markets I trade.
the early 90’s, you witnessed how
MG: By s tar t ing to trade in Internet modified
entire face of the individual investing and trading. How has
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