The News Junkiedifferent accounts up. I have different brokerages. So it’s just easier
to have them on different machines so I can access them quickly.
That’s one area I feel strongly about investing a lot of money in
because you can control that aspect of having the best computers,
the best Internet connects, that’s all controllable. So if I can control
those, I want the best and I think I do have the best right now.
Q: In terms of various brokers that you look at, is there a reason
why you feel you need to look at so many market markers?
A: Yes. I think each one has its own thing that it does well. The
one I use now is very good. They execute orders well during the
news, but the spreads are a little bit high. So in times when there’s
no volatility or low volatility, I want to make a trade and maybe it’s
in a currency pair they don’t offer, I have another market maker
that I use.
Q: So basically you may alternate depending on who gives you
the best price on your trade, right?
A: Correct. It’s alternated based on best price. But it doesn’t
necessarily have to have the best spread because one of my bro-
kers has a variable spread the other is a fixed spread account. So,
depending on the news that I’m trading, I’ll use one or the other.
Q: Do you trade other products right now? Or just exclusively
FX?
A: FX and a little bit of gold. I still have long-term accounts in
stock. But I don’t trade those too often. Sometimes I’ll pay myself
that way whenever I have a good month. I’ll take 10 percent out of
my currency account, send it over to my long-term stock account,
and just throw it in there and invest in something.