"I'm a fan of the Forex market..." - Alexey Vyazovsky, Kalita-Finance Company

FT: Hello. Introduce yourself, please. How did it happen that you got acquainted with stock trading?

A.V.: Hello, my name is. Vyazovsky Alexei Viktorovich, я — директор по связям с общественностью Kalita Finance. I became acquainted with stock trading back in 1999, when the first dealing centers began to appear in Russia, providing access to trading on the New York Stock Exchange I opened a trading account after studying at the university, and I used to regularly visit the brokerage house at night to speculate on Microsoft and Lucent tec. I opened a trading account and after studying at the institute, I regularly went to the brokerage house to speculate on Microsoft and Lucent tec shares at night. - These were my favorite instruments on the american stock market. Working on the american stock market allowed me to gain certain trading skills, which later helped me to earn money on forex, to learn a new profession, as well as to take part in the development of

system, which means that events occurring on a global scale cannot but affect the interests of ordinary people. For example, the dollar exchange rate, food prices, gasoline, etc.

FT: Which exchanges are of interest to you and why?

A.V.: I'm a fan. Forex currency marketwhich, as we know, is an over-the-counter market. This market has the most advantages compared to any commodity or stock exchanges. He:

— Круглосуточный;
— Самый ликвидный и масштабный из всех существующих (дневной оборот 4 трлн. долларов США (!) в день);
— На е The most fundamental phenomena in the global economy are the most vivid and contrasting.

FT: What don't you like about the structure of exchange or OTC trading or would you like to change?

A.V.: It is assumed that exchange trading has a number of significant advantages associated with the transparency of transactions and guarantees of execution of your transactions. Accountability to regulators makes the exchange in the eyes of traders a certain reliable place where you can not be afraid of some unpleasant and independent of you circumstances (for example, refusal of the counterparty from the transaction) and fully concentrate only on the trading strategy. But in all this "idyll" there are a number of significant negative points, which make many professional (and not only) investors move to OTC platforms (for example, Kalitex).

To begin with, even on the stock exchanges there are problems and failuresIn the event of a situation that could potentially lead to losses for customers, some exchanges (in particular, domestic ones) often "like" to use the "practice" of suspending trading in the event of increased volatility in the market, which may not allow

Еще один минус — limited tools for tradingIf clients want to trade in Russian and American stocks, currencies and gold, then, at a minimum, they will have to open accounts on several exchanges and with different brokers.

In this context over-the-counter trading systems (OTC) have no such disadvantages, because they provide clients with access to 24-hour trading with the widest range of financial instruments. However, it seems to me that the future belongs to OTC trading systems, because the latter are more flexible and quickly adapt to changes in the structure of the global financial market, can more fully meet the needs of traders, as in the context of speculative transactionsand protective, hedging transactions.

FT: In your opinion, can anyone become a trader?

A.V.: In principle, anyone can open a trading account and trade in financial markets. It is only necessary to understand that only desire to trade is not enough, one should have at least basic knowledge of methods of market analysis and capital management rules. However, even this does not guarantee stable earnings at the exchange market; apart from theoretical knowledge a trader must possess a number of other qualities, which will help a trader to turn from a beginner into a professional.

FT: What qualities should a trader have in order to become a professional?

A.V.: One of the most important qualities for a trader is self-discipline. It is the ability to strictly stick to your trading plan that shows you are an experienced trader, not a beginner. Beginner traders often try to trade on all possible market movements for fear of missing them. Professional Trader will wait for his moment, trading only when his trading system gives a signal to open a position. After all, it is at this point that the probability of making a profit will be greater than the probability of making a loss. And the professional knows it. He also understands that the market will not go anywhere and there will always be opportunities to make money.

Another important quality is stress tolerance. If you can calmly bear several losing trades in a row, sticking to your trading plan, then the profession of a trader is for you! In any case, both of these qualities can be brought up and Kalita-Finance will help you in this.

FT: Many people think trading on the stock market is either a frivolous business or a scam. What do you have to say about that?

A.V.: Such opinion among people is formed because more than 95% beginners lose their deposits during the first year of trading. That is why many people think that making profit at the exchange market is like playing in the casino. But it is impossible to become successful in exchange trade, as well as in any other type of activity, from the first days of trading. It is necessary to study both theory and practice.

Look at successful people in any profession. Each of them has come a long way before

trade at the first failure, later turn out professionals earning millions.

FT: In your opinion, what is the most common mistake traders make?

A.V.: Trade with maximum leverage on the entire deposit, do not use the rules of risk management (for example, do not put orders stop loss etc.), and work with dealing centers that "play" against the client.

FT: Why should traders work with your company?

A.V.: Because we offer our customers a unique service to trade currencies (and in the near future other financial assets) directly between themselves, as part of the VTS Kalitex, thereby bypassing all intermediaries.

The principle of the system is transparent. All orders entered into the VTS Kalitex are entered into the general register of orders, which is a database. Then the system automatically correlates traders' orders, and if their essential parameters (asset, price, quantity) coincide, opposite orders (buy and sell) are executed. Thus, clients-participants of VTS trade not with the company, but among themselves.

The availability of "direct access" to bidding distinguishes the Kalitex VTS from the outdated of the dealing system (Dealing Desk)When the counterparty of traders is a dealing center. This in turn eliminates the problem of conflict of interest between the client and the counterparty company.

Moreover, the absence of a dealer implies instant execution of orders, because no one else processes your orders and does not send the so-called "requotes".

One of the key features, as well as an advantage, of our VTS is the auction trading scheme. Clients have the opportunity to monitor in real time the depth of liquidity for one or another instrument (volumes, prices) in order book. I.e. the trader has the opportunity to see not only the best buy and sell price of this or that instrument, but also the lower standing Bids and Asks, as well as their volumes, which can give a more complete picture of the mood prevailing in the market and about the further prospects of price movement.

Moreover, traders trading in Kalitex can place their own orders, which will also be reflected in the total cup. Another advantage is that the trader now has the ability to trade within the spread, i.e. to change its value (lend the spread) by placing their own orders. Thus, each client receives a unique opportunity to influence the market, becoming, in fact, the key participant of pricing.

In summary, to summarize all of the above,  Tradertrading in our system, can note for themselves the following merits:

— возможность отслеживать в режиме реального времени глубину ликвидности по тому или иному инструменту (объемы, цены) в стакане ордеров, а также выставлять свои ордера;
— торговать внутри спреда или без спреда — клиенты ВТС Kalitex сами формируют и влияют на цены финансовых инструментов;
— высокая скорость совершения сделок;
—  возможность торговать в выходные дни и праздники, когда финансовые рынки закрыты;
— низкий стартовый депозит (от 1000 рублей);
— расчеты в рублях, договор с российским юр. лицом.

FT: Surely during your time at the Dealing Center you have had some funny situations with clients. Without mentioning any names, could you share one with us?

A.V.: Of course, there have been some funny cases, and most of them have boiled down to the fact that the client opened a position, forgot about it, and when he logged into the terminal a month later, he found substantial amounts of profit. In my memory, one such "forgetfulness" has earned about $50 thousand, but this is rather an exception, so do not take this "forgetfulness" for granted.trading strategy» — купил и в прямом смысле забыл, как руководство к действию.

FT: What advice would you give to newcomers to the exchange?

A.V.: In this case I'm not going to be original and say: learn, learn and learn not only from smart books, but necessarily on a real account. Because the absence of at least basic concepts and ideas about how the financial market works, what fundamental and technical analysis is, how certain assets are interconnected, sooner or later will lead to one result - loss of money. And that is easy to avoid. Follow the rules of risk-management, make your own trading plan for the day and earn!