Millionaire Traders

(Greg DeLong) #1
FX Family Values

the markets and its more pleasure than work for me because I
really like the Forex market.


Q: Can you tell us about what you do in those four hours since
you are really in it for the long haul?


A: Well, I’ll never sit at a computer for four hours, that’s way
too boring. Instead maybe one day I’ll get up, I’ll have breakfast,
I’ll take a look the charts, to see what happened overnight, then
maybe later on I’ll do some analysis on price action, look at charts
for a certain amount of time, zoom out, zoom in. Otherwise I just
read the news for any given day from international news wires, the
New York Times,Le Mondefrom France, the Spanish press, things
like this.


Q: How complicated is your trading setup?


A: Very simple. I have one computer, one screen, and nothing
else.


Q: What is the best and most memorable trade that you have
made?


A: Well, in terms of one big trade, I never really had one big
trade because I’ll enter a position and I’ll hold multiple positions
and it’s really in terms of how I’m doing per day. Or, let’s say, in
recent memory we had a very good March, but it’s never really
that one big trade that is very memorable. I mean in terms of long-
term memory, I remember buying the U.S. dollar/Japanese yen
(dollar/yen) at 92 and then later selling it 112.


Q: How long did you hold that for?


A: Eleven months.

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