© Maksim_Chelnokov
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I started trading several years ago, and my main motivation was the freedom and independence from anyone.
What currency pairs do you usually trade and what is the reasoning behind your choice?
I prefer trading majors, including EUR/USD, GBP/USD, USD/CHF, USD/JPY and etc. The reason is simple - the lowest spreads. There is not much difference, what currency pair to trade, as movement of almost all currency pairs is linked with a performance of the U.S. Dollar.
What is the basic principle behind your strategy?
The basic principle of my trading strategy is selling the bottom and buy the top. No, I have not made a mistake. I really know how to sell a bottom and buy the top.
In your opinion, what are the most volatile and predictable pairs at the moment?
EUR/TRY and USD/TRY. At the moment these are the most volatile and predictable pairs. Go short and enjoy the great positive SWAP.
What is your take on Australia's Dollar versus its major peers for the short and long term?
I expect that the Australian Dollar will soon start another wave down. For example, in six months, I see the AUD/USD pair at around the 0.8500 - 0.8400 area.
What advice would you give to those, who have just started FX trading?
Always remember not to use a big leverage and never use more than 10% of your margin, this is the most important issue. Nobody knows where a price will go: up or down, at least we can be sure that the price will go to the right side of a chart, not left, but a person can manage risk on this market.
Which currency pair do you see as a top performer a year from now and why?
To my mind, GBP/USD is going to be a top performer in a year time. I expect a strong fall of the pair. This is due to the fact that the market anticipates a rate hike in the U.K., and further economic growth of the country. Personally, I do not believe in Britain so much. Perhaps soon the Mr. Market will cease to believe in it too.