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Strategies of a Professional Currency Trader
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Traders who use Median Lines to find ranges within which they can trade seem to be the new hot item. I'm talking to traders every day who are finding it to be a very reliable tool for finding levels where a security (or currency, in this case) will find support and resistance. But this is no "fad indicator." Median lines have been around for years but several high profile traders such as Tim Morge have done a lot to prove their effectiveness. Here we talk with professional currency trader Greg Firman about how he uses this tool and why recent changes in the regulations have forced him to make serious change in his accounts.

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Strategies of a Professional Currency Trader


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks for very much for joining us for another episode this week. As usual, the idea of each of this interviews is to give you an insight into how various traders and there methods and how they approach the markets in the various markets that they trade. We're going to be speaking with Greg Firman today. He is a trader and a CTA and we're going to talk to him how he approaches the market both ETFs and the foreign exchange forex currency markets. So, Greg, thanks very much for joining us on the show today.

Greg Firman: It's great. Thanks for having me Tim.

TraderInterviews.com: Well, let's start with your background, how did you get into trading in the first place?

Greg Firman: Well, 10 years ago, I started trading in the futures market and individual stocks, and then I proceeded to move past that into the foreign exchange market. I found that market very interesting. I see a lot of future potential in the market. It's a little misunderstood as, I'm sure your viewers have heard, but primarily my focus now is the foreign exchange market. And essentially, what I wanted to do is takeover my own investments.

TraderInterviews.com: Now, when you say the foreign exchange, are you talking about the spot market or futures or what?

Greg Firman: Well, primarily the spot market. I do some currency futures, but I find the spot market has more offer. Let's just say, trading the different currency pairs, 24-hour liquidity, five and a half days a week, so it's trading multiple global market is a very interesting market.

TraderInterviews.com: When I first started trading, I traded currency before I traded anything else and back in 1997, I think, there were maybe two online brokers that offered it and back then it really...

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