© Charmtrader
|
Think fast, act faster. I like to scalp, which is basically my legacy from the futures market, thus I might say that this is my strategy. My trading is based mainly on discipline and feeling of the market and analysis.
What is more important, I am not engaged in all the trades that the market provides. I do not let the market choose for me, I choose from the market. It is all about the control.
In your opinion, what are the most volatile and predictable pairs at the moment?
For the time being I believe USD/JPY is the steady one. This is due to the fact that the U.S. and Japan are like trains, which are both on the same track now, without deviating neither to the left nor to the right.
Regarding volatility, it comes and goes, depending on a flow of information. Volatility is directly correlated with market sensitivity as well as news regarding the pair. Look at EUR/USD, it should be a steady pair, but the uncertainty regarding Europe gives it a high level of sensitivity.
What performance do you expect from the Pound versus its major counterparts in the short and longer term?
If we take a look at the U.K. economy, we can observe some improvements. Some may think that I am mean when I say that U.K. should not have recovered so fast, but I believe the faster it comes, the faster it goes. On the longer term, the Pound will follow the same path as the U.S. Dollar, constantly strengthening. However, versus the greenback it may perform differently, as there is the battle of two titans. Overall, the Sterling's outlook is an optimistic one. In the short term, however, the outlook is probably too optimistic, thus I am expecting some disappointing moves, such as Pound's sell-offs. In general, except the GBP/USD pair, the Pound will get stronger.
Do not forget that an influence in a pair comes from two ways; hence any analysis on the long term is made for a highly stable environment.
What advice would you give to those, who have just started FX trading?
Always be disciplined, determined and aware of your actions; never do anything simply for the reason of feeling like doing it. New joiners should also know that making money out of pure intuition is just luck; while losing money is a part of the learning process. Dream, but still be realistic.
Also, another tip would be to take money and put it in a pocket, the market punishes hard greediness.