Everyone who has ever traded forex before knows that the chances of success are small and those that do succeed often take many years to learn all the pitfuls of trading before they can be successful.
At Valutrades our professional staff include many people who have had their whole careers in the forex industry but we also take on graduates to make sure we have new ideas and energy to keep building our business.
Recently we took on two new graduates Bryan and Christine and we decided this was a great excuse to share some of their training with our clients and followers. One important aspect of all our graduates training is learning to trade for themselves. We can't have staff supporting our clients if they can't relate to what they are doing.
In order to start training Bryan and Christine about forex trading I have recruited Lauren from our customer success team along with myself to make a 4 way trading competition for the month of August. Each of us will start with 10,000 USD in an account and trade for the whole month. At the end the winner is the one with the most profit however what's most important is not making money but ensuring our new graduates learn about trading to take their careers further.
We shall blog about our trading exeriences each week for the month of August. What will be really interesting to look at is whether experience and trading style contributes to success and any other lessons we can learn.
To get started here is a brief profile and first thoughts on trading strategies we will be using.
Given that my focus is on running Valutrades and I travel a lot for work my time to trade is very limited. To get around this and still give good competition for the graduates I'm going to be running a long term strategy trying to get on the back of just 1 or 2 big moves for the month. This way I can do some research and setup my trades but then all I need to do is check in on them and adjust slightly each day.
Lauren has been with Valutrades for more than 2 years and has had a varied role since she started covering many aspects like admin, finance, office manager and customer support. Now Lauren has a senior position in the customer success team and is focused on making our clients experience as best as possible. Given Lauren is focused on our customers she has limited time available but is always based in thee office so will be looking to trade in short bursts around key news releases. This means she will only need to trade for small amounts of time but will still be exposed to the markets when they are moving giving her a chance to make, or lose money.
Bryan is the newest member of the Valutrades team and is focused on an accounts and reporting role. Given that Bryan has some time each day after finishing the reports he will be trying to scalp the maket using lots of quick trades during the UK afternoon / US morning trading sessions where liquidity and volitility is high.
Christine is part of the customer success team with a focus on the fast growing China market. Christine also has some free time every day while she waits for inquiries to come in from clients so will be able to actively trade each day but since she has to be responsive to clients she will adopt a slower trading appraoch than Bryan picking up some trading positions in the morning and then trying to run them intraday.
Keep checking our weekly blog posts to find out how the team gets on.
The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.