TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Thanks very much for joining us for another interview this week. We're going to be speaking with Wayne McDonnell of FxBootcamp and talk to him about how he finds opportunities in the Forex markets and just basically his overall philosophies as a trader. So Wayne, thanks very much for joining us today on the program.
Wayne McDonell: Well, thanks for having me Tim. I'm a big fan of your interviews.
TraderInterviews.com: Great. Well, talk about actually your background. I would just like to start with that for all of our traders. How did you get into trading in the first place?
Wayne McDonell: Well before I was trader, I was a venture capitalist and, you know, I spent most of my time reviewing business plans and patents and then trying to figure out the opportunity for the market place, you know. If we saw a billion dollar market place, we thought that was, you know, totally amazing. And then one day I heard about Forex. I can't remember, probably an informercial, something like that and I did a little research because I like this idea of buying and selling money. As an entrepreneur, you always want to go where the money is. So, that's where I looked at Forex. And at the time, it was something like 1.5 trillion dollars a day. I was thinking, you know, a billion dollars a year was fantastic and all of the sudden 1.3 trillion a day. It seems like all the money in the world. So, I thought I would throw myself at it and traded Forex as a hobby for a few years until it was just too silly to keep it as a hobby and then I quit the firm.
TraderInterviews.com: Right. You find out a lot of successful traders realize that they don't have to deal with all the issues of having an office and everything else and then trading seems like a natural fit. Did you feel like your experience as a venture capitalist helped...
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