FX TOP TRADERS
Some of the theories that I learnt also helped me strengthen my foundation in trading. I then realized that there was no such thing as a holy grail. Tat was when I sought out a mentor with a proven system and decided to just learn from him instead. Ho w e v e r , my mentor is only trading gold at that point in time. As I gradually b e cam e better
trading,
in I
developed my own system that can be applied to the Forex markets. I now trade more
also trade other financial instruments, and how did you build your trading style and strategy?
KF Other than Forex, I also trade gold
yourself as a trader is to trade demo for 1 to 2 years. Trade the account as if real money is on the line.
than
5 currency pairs, the more c o m m o n l y traded ones include the EUR/USD, USD/JPY, GBP/USD, CAD/JPY, EUR/JPY and more. Te fastest way to master your craſt is to find a legend in your field and learn everything that you can from him or her. It can save you a lot of blood, sweat and tears.
FXTM Do you mainly trade Forex, or do you
34 FX TRADER MAGAZINE April - June 2017
The problem that aspiring traders experience nowadays is not the lack of information, rather it is information overload
and silver. In fact, the first trade that I made in my career is in gold because I find that there are patterns that are quite predictable and repeat themselves every now and then. When it comes to building your
trading
style and strategy, understand that it is not an overnight feat because you will need to understand your trading personality. Te best way to know
When I was trading demo in the initial years, I realized that I am somebody who could not sleep with an open trade, which is why I decided to be a day trader. I would refine my strategy in such a way that I would take my profits before going to bed every night. Te best traders in the world are those who sync their persona l it ies with their trading system.
Tere is no one- size-fit-all system that marketers preach
to you.
For my system, I developed the
strategy by testing one indicator at a time. I plotted excel sheets and graphs to calculate the long run profitability of that particular indicator before adding on another one. I do not recommend people to do this because it took me a whole year of beta testing. I just did it because I was a finance student at university and doing financial modeling comes
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