My journey into Forex trading was rather fortuitous. I had been trading for several years prior to then, primarily in equities and debt instruments, mostly based upon my academic training through business school and on-the-job experience working in the industry. I ventured into Forex about 7-8 years ago, with a small stake, mainly to test the waters, and it has become the mainstay of my trading since.
As with most traders, I went through the various phases of success and failure, trying to understand the idiosyncrasies of the market and its various pairs, each of which has a ‘personality’ of its own. I built stakes fast and blew them faster. It has taken me a while to figure out my trading style, which is evolving constantly. As most traders who have been in the game for any significant amount of time know, the evolution in style is a reflection of the trader’s own personality and psychology. It is less about the amount of knowledge a trader has, and more (or mostly) about their psychological makeup. All along, I have been helped by absorbing the insights offered by other traders and authors on the subject, who seemed to have found their ‘zen’ much before me. My discovery of Dukascopy has also been instrumental in my performance. I have worked with several different brokers over time, and the platform and client service offered by Dukascopy make my job as a trader much easier than it would have been otherwise.
The past couple of years have not been an easy environment for traders. I believe I must have had more hits than misses, which allowed me to be selected as Trader of the Year! I rode the roller-coaster of QEs and taperings and currency wars, trying to keep my balance and make it through to the other side in one piece. At times, I would follow the performance of some of the other top traders, and wonder at their ability to deliver consistently, when it looked like so much of an uphill struggle for me. I hope to be able to visit their countries someday and pick their brains for their secrets. In my case, I try to look at both fundamentals and technicals to see how they align. Sometimes they do.
As with most traders, I went through the various phases of success and failure, trying to understand the idiosyncrasies of the market and its various pairs, each of which has a ‘personality’ of its own. I built stakes fast and blew them faster. It has taken me a while to figure out my trading style, which is evolving constantly. As most traders who have been in the game for any significant amount of time know, the evolution in style is a reflection of the trader’s own personality and psychology. It is less about the amount of knowledge a trader has, and more (or mostly) about their psychological makeup. All along, I have been helped by absorbing the insights offered by other traders and authors on the subject, who seemed to have found their ‘zen’ much before me. My discovery of Dukascopy has also been instrumental in my performance. I have worked with several different brokers over time, and the platform and client service offered by Dukascopy make my job as a trader much easier than it would have been otherwise.
The past couple of years have not been an easy environment for traders. I believe I must have had more hits than misses, which allowed me to be selected as Trader of the Year! I rode the roller-coaster of QEs and taperings and currency wars, trying to keep my balance and make it through to the other side in one piece. At times, I would follow the performance of some of the other top traders, and wonder at their ability to deliver consistently, when it looked like so much of an uphill struggle for me. I hope to be able to visit their countries someday and pick their brains for their secrets. In my case, I try to look at both fundamentals and technicals to see how they align. Sometimes they do.