TraderInterviews.com: Hello, everybody. Welcome back to traderinterviews.com. Thanks for joining me for another show this week. As usual, the idea of every one of these interviews is to give you something to think about in your own trading and maybe some strategies to try and some ways to look at the market you may not have considered in the past by talking to other traders and see how they do it. Today, we're going to be speaking with Derek, and he's going to talk to us about how he approaches the market. So, Derek, thanks very much for joining me on the phone today.
Derek: My pleasure.
TraderInterviews.com: Let's start off and talk about what kind of trader are you, short term, long term, what markets, that sort of thing.
Derek: I focus specifically on the currency market. There's a variety of benefits lie. I probably don't want you to go into those necessarily. But the 24-hour nature of the hedge activity, the hedge transaction, the leverages go long if someone doesn't abuse it, and not having to deal with open and close is a huge benefit as far as I'm concerned. But for a variety of reasons, I focused specifically on the currency arena. I've traded other instruments starting in the equities market, options and commodities but I have always found the currency market, as far as I'm concerned, is the most attractive market for me and for other people and for a variety of groups of some reason I mentioned.
TraderInterviews.com: Do you trade the spot market or you trade futures and options, that sort of thing as well?
Derek: Spot market only. As far as approach, I think that I take relatively a simplistic approach, and I don't really lump myself into one category. I think by education and background, I'm kind of a fundamental trader. When you say fundamentals and currencies, they don't really jive, but I do...
To read the rest of this interview's transcript, get access now or login
Looking for the free interview and bonus?
