1. Tell us little bit about yourself. Where are you from? What are your hobbies?
I’m from just outside of Niagara Falls, Canada. I live with my wife and our 3 children. I’m a semi retired businessman and work from my home.
2. When/why did you start trading forex? What resources did you use to learn how to trade (websites, books, apps, mentors, etc.)?
[I]I came to the forex in late 2012 after researching it for about 6 months. I use to be a full time, online poker player and sports bettor, after selling a financial services company I owned and operated for years. Just over 3 years ago after selling my business and playing poker and betting full time, I was riding in a car as a passenger, and someone drove threw a stop sign and hit the car .
Besides serious damage to one of my legs, several cuts I received a concussion which permanently affected my brain with speech and cognitive function. I have a slight stutter and can not process information quickly, as well as short term memory loss. So needless to say I could not play poker full time the way I use to. While in therapy a poker friend of mine asked if I knew anything about currency trading I told him no he said to take a look, I did and here I am.
After researching quite a few forums about currency trading, I chose to start with BabyPips. I found and find the school to be well put together, informative and a must do, to have a strong trading foundation. The knowledge I gained from BabyPips school and forum helped me wade through the sizzle offers when I was looking for a forex steak on utube and various other websites. From there I used a simple day trading and scalping strategies to put together the trading methods I use now. [/I]
3. What do your friends and family think about you trading currencies?
My wife and I are partners in everything we do and she is fully supportive of whatever I do once we talk about it and put together a plan. As well I have a lot of support from other family members.
4. What were your first strategies in forex trading? How are they different from your strategies today?
[I]Originally my strategy was to purchase a signal providing service and start trading. I thought signal service providers were like handicappers in sports betting. It didn’t take too long after reading the different posts in the forum and what I was learning at the school to find out that’s not the case.
My next strategy was to sign with a dealer who offered a live trading room and would train me to day trade while in the live trading room. Again one of the members here told me I could learn everything I needed to know for free following the threads in the forum. From there I decided to do what other members here said. Learn it myself. First thing I did was to figure out what kind of trader I wanted to be. After that my strategy was and is short term to meet long term goals. I believe that the best way to do that is to get as many of the probabilities on your side as you can. [/I]
5. Describe your current daily or weekly trading routine. What do you do before you trade?
I only trade between the overlap of the London and NY exchanges Monday through Friday and usually 30 minutes before or after any news releases regarding whatever currency pair I want to trade. Before opening up my trading platform, I look at the BabyPips economic calendar, read over night forex news releases from Dukascopy and several (free) emails (two from this forum) that I subscribe too, to get a picture of what’s going on in the market. Next I plan my trade session and then work the plan After trading I enter trades in my journal, review and make notes on the session. After that I try to learn something through webinar, forum posts or videos that will make me a better trader tomorrow.
6. What are some of your most unforgettable trades and trading moments?
Hands down. I was trying to decide when I first started training whether to start with a live account or demo. I got posts from here saying open a micro and start trading as well as get a demo for a year or 6 months and then someone on another forum told me. To get a demo so I could avoid making the same silly mistakes that all new traders make in the beginning. So I decided to go with a demo with $10,000 start up and 500:1 leverage. I made my1st trade entered and left it. I opened the platform the next day and I had zero in the account. I forgot to put in a stop loss and take profit. If the account was live I would have lost my startup capital for real.
7. What non-trading activities are you into when you’re not trading?
I have therapy almost every day and other business I have to deal with and after that, I relax in the pool. At this point in my life spending time with my family is my 1st priority.
8. Complete the sentence: “If I hadn’t learned about forex trading, I would probably _______.”
"If I hadn’t learned about forex trading, I would probably not be as happy as I am now.”
9. Forex trading is not an easy business. What motivates you to continue trading when in a trading slump?
The same thing that motivates me with anything I do and go into a slump without a doubt: Individual (trades, poker hands, sports bets, business opportunities, chances, mistakes) will come and go. Think long term and then it’s: Some Will, Some Won’t, So What. . .Next
10. Do you have any advice for trading newbies out there?
Absolutely: Don’t try to reinvent the wheel. Learn to: crawl first, then walk, then run, then sprint. Make a plan based on your situation, then work your plan to reach your goals.