Rags to RichesQ: Do you ever hold positions overnight?
A: No, very rarely. On silver though I’ve had two trades that went
overnight I think.
Q: Let’s talk a little bit about silver. Why did you start trading
that?
A: About four months ago, my eldest brother came to me. Now
he’s aware that I’m trading currencies, and he said that he wanted
to trade gold. I said to him, why would you want to trade gold
when you’ve got all of these opportunities in the euros and the
pound, and he said, listen just do me a favor and find out whether
the company that you trade with allows us to trade gold. So I went
to my trading platform and checked that they certainly had gold.
So my brother was the one that started it all. I opened up a chart
of gold, I looked at it, analyzed it, and I was quite shocked at the
move that gold actually makes. However, I realized that you need
a lot more capital to trade gold [laughter]. Silver is cheaper.
Q: How long did you demo trade silver before going live?
A: I demo traded it for a month every single day.
Q: It seems that you typically demo trade for a pretty decent
amount of time before actually going live, is that right?
A: Yes, the shortest will be a month.
Q: Why did you decide to teach classes on trading?
A: It started off with three friends and one other guy who was
interested, the fourth person was a friend of a friend. If you re-
member from the beginning of our discussion, it was only five or
six years ago that I was financially crippled and practically broke.