Millionaire TradersQ: Was this from your savings or did you borrow money to do
it?
A: It was from my savings.
Q: Were you married at the time?
A: Yes.
Q: So how did your wife feel about your plan to trade?
A: She felt very good about it. Like me, she liked the idea of
making money electronically. You see, it took a tremendous amount
of effort to really get her salon business off the ground and then to
make the money from it. So when we learned about the opportunity
to make money by trading and not having to be on top of it all the
time, it sounded ideal for us.
Q: Did you stop trading commodities and then trade stocks or
did you do both at the same time?
A: I stopped trading commodities when I started trading stocks
because it was more interesting for us given our infrastructure. But
then I moved to trading currencies predominately because I feel
that in Forex, I have more direct access to the market. I can enter
in my trade station and place a trade immediately as opposed to
doing stocks, where I have to call my broker and wait for him to
enter into trades and then wait for him to give me back a fill price.
Q: When did you get started in the FX market?
A: It has been about 14 or 15 years, which means that I started
in approximately 1992 or 1993.