1. Tell us little bit about yourself. Where are you from? What are your hobbies?
I am from Canada, working for a bank. I love traveling, swimming, cricket and yes, you are right: Trading
###2. When/why did you start trading forex? What resources did you use to learn how to trade (websites, books, apps, mentors, etc.)?
Well, I had interest in foreign trade and worked in this area for my bank. Foreign trade- Foreign Exchange-Forex-Forums-Trader…all these happened within the last two years.
I have also read at the BabyPips school for a while and also went through other reading materials at other forums. Since reading is boring (lol), I used to read forum threads simultaneously to understand what I need to know to be a trader.
###3. What do your friends and family think about you trading currencies?
They were scared at times (when I started trading) but since I do not trade for living and my invested funds are from my extra income (other than my job), I managed to make them understood.
###4. What were your first strategies in forex trading? How are they different from your strategies today?
From the beginning, I wanted to know about Price Action since I got the feelings that it will keep me away from running after the indicators (luckily I do not like indicators).
I used to look for quick profits when I start trading but now my analysis gets me profit (with loses too) within week not in a day. Nowadays one of my main strategy is having wide SL and I consider news as well.
###5. Describe your current daily or weekly trading routine. What do you do before you trade?
I avoid opening of the week. Follow very few pairs and trade them when the setup is there. Nothing special before trade.
###6. What are some of your most unforgettable trades and trading moments?
Losing trades. I was so confident that I did not place any SL and went to sleep. In the next morning I got nothing in my tiny account. Price moved around 1000 pips in the opposite direction overnight for both the trades I kept open!
###7. If you were to give a ribbon to the major central bank that’s winning the “currency war” or the “race to debase,” which central bank would you give it to?
Central Bank of China I think.
###8. Do you believe that a trader needs at least 10,000 hours of trading-related activities in order to be consistently profitable?
More than 500 hours depending on the ability and or luck to find the right strategy that suits a person.
###9. Forex trading is not an easy business. What motivates you to continue trading when in a trading slump?
It gives me a thrill. Let’s have an example, we lose interest on a game when it is easy for us to win. Forex market is a play ground where you can’t guarantee that you will win. This inspires me to stay continuously in the market.
###10. What do you think is the biggest mistake that newbies out there are currently making? Do you have any advice for them?
Placing trades quickly that most newbies do I think. Need to be careful regarding free signals/forecasts. They should analyze the % of time the forecast worked before following blindly.
Any pair should be followed for a while before trading it.
Do not run after too many indicators. Try to learn Price Action.
###BONUS: If you were sent to a small island for three months and you can only pick one person (fictional or non-fictional) to go with you, who would you pick?
My first love whom I wanted to marry.