1. Tell us a little bit yourself and how you got into forex trading!
[I]I got into forex trading when I heard about being able to make money while being at home, with the illusion of "easy money". But that soon changed after a few weeks and months after trading in Demo. But that got me excited to try again and again. Soon, I found out about Babypips.com from the forex IRC channel and got myself a few friends that would help me out here and there, while giving me tips as to where to improve.
Personally, I hate reading. I actually had to read Babypips a few times before I got things into my head because there will be a time where I start to skim through the pages.
I also get really get agitated and frustrated after a few losses. But I suppose thats part of the 'game' of Forex. ^^"[/I]
2. Forex trading obviously isn’t for everyone, what motivates you to stay in the game?
Well, there are a few things. One of it is to prove people who have talked bad about Forex that they are wrong. Forex is just a business like any other. Its not a 9 to 5 job, and its not a fix income, but I believe that it would work out sooner or later. I have not been ever dedicated to anything I ever do as much as Forex. To me, doubling my account and being able to treat my family to a meal and showing them that I made it is the current goal I have in mind.
3. What are the top 3 things EVERY forex trader should know?
Well, I believe that every trader should always "Have a Plan", "Stick to the Plan", and "Trade in terms of points, not in terms of money". The first two, its basic, but as for the third, I believe its important because when 1 pip is starting to worth USD10 or USD1000, getting 10 pips will change the how a trader feels when we think in terms of Money and not Pips. So, I believe these 3 are the most important things a trader should know.
4. What’s the strangest reaction you’ve ever gotten after you told someone you were a forex trader?
Well, not many people know that I do forex trading. But, the strangest but true in a sense, would be that Forex Trading is gambling, while at the same time, they do so by going to money exchange booths to exchange money believing that a certain currency will gain in value in the future. To me, that's just strange.
5. Care to share a few highlights of your trading career so far?
Well... I have not been successful at all so far. I am still a demo trader. I've already lost USD500 the past year. I guess finally I'm not as jumpy as I 1st was when I saw the chart spike at 30pips or more than I 1st was. And with enough chart experience now, I finally am able to 'try' to plan my trade properly based on how I feel and see the market. It's 'my' plan which fits my way of trading I suppose.
6. How do you rebound from losses in terms of the stress?
Losing hurts. Losing is frustrating. Losing gets me at the edge of my seat and makes me really agitated over every small thing. I guess I deal with it by playing some games. Casual games like Osu. Its a music game which kind of relaxing and allows me to release some stress. Other than that, I usually just go out, or munch on something. Basically, just do anything which is not trading related. That way, I won't doubt my system by going "since this doesn't work, I'll go look up another strategy that works".
7. Got any hobbies or other activities you would say help you out as a trader?
While I'm not trading, I play games. The only game which helps me out as a trader is my Formula 1 game. How does it help me? Well, pushing too hard in a race car is like forcing the market to go your way. You need patience to get what you want. In the game, it's to wait for the right time to overtake and be 1st place. In trading, it would be waiting for the setup and win pips. I don't have many hobbies or other activities which actually help me out as a trader, but only some minor things which I can relate to, which helps...
8. How important do you think networking or getting advice with fellow traders is?
I believe its important when starting out. They encourage you and notify you on news related things which you may miss out. But, I would say that they should not influence how you trade if you are following a plan, because they could be just as wrong as you in their plan. So, use their advice to integrate into your plan where it fits best, but not influence your trade when your plan says "long" but they say "short", no matter how right they are.
9. Just throwin’ this one out there... if you could be one or the other, what would you pick? A world-famous rockstar or a pip-hauling full-time forex trader? Why?
Haha.. Well, definitely a full-time forex trader. I'm a pretty boring person, definitely not fit to be a rockstar. However, if you say a Formula 1 Driver, I would do that instead.