© Airmike
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When did you start trading and what was your motivation?
My first touch with financial markets was around 2002 at university, when I discovered stock market. I saw incredible movie called "Capital city", and I decided to become a trader. My expectation what trading is about was a bit naïve, but I took time to figure it out. I joined real trading around 2007-2008. I started as an independent trader, and then I took a job on the stock exchange, proprietary trading desk and so on. I do not even know what my motivation was. Only thing I know is fact that I like my job.
What currency pairs do you usually trade and what is the reasoning behind your choice?
I do not have a favorite pair, but the currencies that I prefer are the Australian and New Zealand Dollar. I feel much better in long term trades, when I have chance to get additional income from carry trades.
What is the basic principle behind your strategy?
I brought simple concept of basket trading from my previous experience and I do try to apply this concept with small changes in forex. My strategy in forex is all about strength of a currency in the currency basket. I do trade the weakest currencies against strongest currencies. Strategy combines 1-3 currencies on one short side and 1-3 currencies on long side. All I have to take care about is exposure. Key factor is always risk management.
In your opinion, what are the most volatile and predictable pairs at the moment?
I assume that the most volatile pairs currently are AUD/JPY, NZD/JPY, AUD/CHF and NZD/CHF, while the most predictable pairs at this moment for me are AUD/NZD, AUD/CHF. EUR/CHF
What are your short term and longer term expectations concerning the Euro versus its major counterparts?
This is a very difficult question for me, because I do not trade the Euro very often. However, let's assume that my outlook for next few weeks is bullish for EUR/AUD, EUR/NZD, EUR/CHF bearish for EUR/JPY and finally neutral for EUR/USD, EUR/GBP, EUR/CAD.
What advice would you give to those traders who have just started out FX trading?
Trading is much more than you expect, but above all it is a job. Trading is not about technical indicators or self-interpretations of financial market. Firstly, you have to get a proper education. Don't be in a hurry and don't waste your time with bestsellers from trading gurus. If you have a chance, try to learn from real pros, real traders.