Hi Guys

A Brief Introduction.

The primary reason for setting up the blog is to help individuals to be successful in trading currencies - that is making consistent profits!

First Things First!

You may already have asked the question - Why should you listen to me? What have I got that sets me apart from the vast majority of traders out there?

Well, the answer is simple. EXPERIENCE!

A Brief Biography is in order!

After University, where I gained a first degree in Business I worked for the merchant banking arm of one of the big 3 Australian Banks. I spent two years trading spots, forwards and crosses on an interbank basis.

I then spent the next six years working for one of the premier British merchant banks working my way up from junior dealer to assistant treasurer. My main speciality was trading crosses and managed positions (Investment currency positions).

After returning to the U.K. I spent 7 years working in corporate finance consulting and continued trading on personal account, mainly gold futures, CFDs and margin trading currencies.

So basically I have both “interbank” and “private account” trading experience. I have been successfully trading for 15 years.

So now you know a bit about me, let me provide you with the first nuggett of information which you may or not have been aware of but makes a crucial difference in the first step to making money.

Interbank trading is NOT the same as private account trading!!

The main reason: KNOWLEDGE!

This knowledge comes in two forms, Market Intelligence and Experience!

Interbank traders see moves “before” they happen. They see the back of large corporate buy/sell orders before John Doe does. They have better market intelligence than private account traders.

Secondly, they have access to information from other traders and can gain experience that helps make the right risk/trading decisions in an instant - their profit - your loss! (Never forget it’s a Zero sum game!)

So, what you must do is recognise that you have some “weaknesses” to initially overcome. These are knowledge about how to best exploit your position in the market i.e. recognising that your market intelligence is more limited and secondly you have to be smarter with the knowledge you will gain and use it!

Keep tuned for my next article which will cover essential terms that you must know and the “types” of trading available to you.