{"id":11256,"date":"2010-07-21T08:43:43","date_gmt":"2010-07-21T12:43:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11256"},"modified":"2010-07-21T08:43:43","modified_gmt":"2010-07-21T12:43:43","slug":"forex-interview-with-a-champ-a-profit-is-never-a-profit-until-the-trade-is-closed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/21\/forex-interview-with-a-champ-a-profit-is-never-a-profit-until-the-trade-is-closed\/","title":{"rendered":"Forex Interview with a champ: \u201cA profit is never a profit until the trade is closed.\u201d"},"content":{"rendered":"

rondev1, winner of\u00a0the latest\u00a0traders championship shares his
\ntrading tips with eToro\u2019s community<\/strong><\/p>\n

____________________________________________________________<\/strong><\/p>\n

Profile\"\"<\/a><\/strong><\/p>\n

Age:<\/strong> 55<\/p>\n

Country:<\/strong> Scotland<\/p>\n

Family status:<\/strong> Married<\/p>\n

Occupation:<\/strong> Care Home Owner<\/p>\n

Experience:<\/strong> None<\/p>\n

Initial deposit in eToro:<\/strong> $1500<\/p>\n

Trading Mantra:<\/strong> Pairs<\/p>\n

Hobbies:<\/strong> Football, Horse Racing<\/p>\n

____________________________________________________________<\/strong><\/p>\n

Q: Why are you trading with eToro<\/strong>?<\/p>\n

A:<\/strong> Nice and easy platform to use, makes trading more comfortable and gives someone with little experience, like me, the confidence to get into trading.<\/p>\n

Q: How did you hear about eToro<\/strong>?<\/p>\n

A:<\/strong> It was recommended to me by a friend.<\/p>\n

Q: What is the most important lesson you\u2019ve learned about trading so far<\/strong>?<\/p>\n

A:<\/strong> A profit is never a profit until the trade is closed.<\/p>\n

Q: What is the most important tip you can give to a novice trader<\/strong>?<\/p>\n

A:<\/strong> I am a novice myself\u2026 but I would have to say: start slow and get a feel for what you\u2019re doing, then you can start opening bigger positions and using higher leverages.<\/p>\n

Q: Please give me a general description of your trading technique\/strategy<\/strong>?<\/p>\n

A:<\/strong> I normally trade around 5\/6 pairs daily. I find that this strategy hedges any losses I might have on just one pair. If one trade ends up in a loss, it will probably be covered by the other ones.<\/p>\n

Q: Did your Account Manager help you to improve your trading<\/strong>?<\/p>\n

A:<\/strong> Yes he was very helpful. His advice definitely increased my overall profits.<\/p>\n

Q: How long did it take you before you started making profits<\/strong>?<\/p>\n

A: <\/strong>Around 2 weeks.<\/p>\n

Q: What is your number one trading rule<\/strong>?<\/p>\n

A:<\/strong> Stick to your targets. If you\u2019ve set yourself an exit point, get out at that point, don\u2019t wait for the market to turn around or to give you a bigger profit.<\/p>\n

Q: What is the part you love most about eToro<\/strong>?<\/p>\n

A:<\/strong> I feel very comfortable with it. I know the platform inside out and my account manager always there to help.<\/p>\n

Q: How did you learn to trade<\/strong> (alone\/books\/course\/eToro\/AM\/magazine\/over the net)?<\/p>\n

A:<\/strong> I learned to trade alone by reading some guides and then practicing with eToro.<\/p>\n

Q: Your message to the eToro\u2019s community<\/strong>:<\/p>\n

A:<\/strong> Enjoy the ride, but be careful \u2013 the markets are unpredictable. So stick to your strategy and don\u2019t let your emotions get in the way.<\/p>\n

Q: How much profit have you made so far with eToro<\/strong>?<\/p>\n

A:<\/strong> Around $40,000<\/p>\n

Forex Market Interview provided by eToro<\/em><\/strong><\/a><\/span><\/p>\n

Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"

I normally trade around 5\/6 pairs daily. I find that this strategy hedges any losses I might have on just one pair. If one trade ends up in a loss, it will probably be covered by the other ones…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11256","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11256"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}