"Banking benefits both the client and the broker," - Vyacheslav Samoilenko, "First Client "

Vyacheslav Samoilenko, analyst at First Client- Hello. Please introduce yourself. How did it happen that you got acquainted with stock trading?

- Good afternoon. My name is Vyacheslav Samoilenko, and I am an analyst at the "First Client" company. I got acquainted with trading back in the 2nd year of the institute. I was interested in earning and development in this very direction because trading on financial markets is, probably, one of the most interesting and least routine types of activity.

- Exchange trading is becoming more and more a part of our lives - many people know about or are holders of certain securities. In your opinion, why is speculation popular in Russia and the CIS countries now?

- In my opinion, the great credit for this goes to the collapse of the USSR. If you look globally, Russians (and members of the former CIS) have been preparing for trading in financial markets for quite a long time, consciousness was changing, and most people learned to live with hope for themselves personally. Besides the market always gives an opportunity to earn both to the aggressive and to the calm person, there are different instruments, periods of profit fixation, as well as a countless number of indicators and strategies.

- Which exchanges are of interest to you and why?

- Since I am more of a speculative oriented player, I prefer to trade on the retail currency market. It is important to note that on the Forex There are more factors to consider than in stock trading, and that stops many traders. Nevertheless, I am more inclined to say that the currency market is the most interesting and active of all existing at the moment. An additional plus is the option of playing with "leverage" which, if used correctly, will help to significantly increase profits from trades.

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

- Since I tend to trade in the over-the-counter (OTC) currency market, I will comment on it. In my opinion, there are quite a large number of "kitchens" on the market now, which without any modesty deprive their clients of money. Since the "kitchens" do not cover (do not bring to the market) transactions - this certainly undermines the confidence of clients in the term Forex and prevents the development of decent companies, which are interested in the profitability of the client (to make large-volume transactions). Now the development of Banking which has a different principle of operation: transactions are placed on the market, and the Bank or the Broker with the Bank, as in the case of the "First Client", as a profit has a part of the spread. This is beneficial to both the client and the broker.

- In your opinion, can anyone become a trader?

- In my opinion, anyone. There are really many famous traders and funds in the world with absolutely different approach to the market and choice of instruments, everyone has his own trade: someone wants to be constantly in the market and keep his hand on the pulse, waiting for the ideal entry and exit point in the short term, while others will trade rarely, calculating all options and choosing the optimal portfolio for medium-term and long-term investments (or will buy bonds of the most reliable companies in his opinion and enjoy almost guaranteed profits).

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

- In my opinion, it is necessary to follow your strategy clearly (it is better to allocate not so significant amount of deposit for the test of new ones), to observe the rules set by yourself, to forget the term "win back" and to make deals, betting exactly on the probability, which one considers the most correct.

- Many people consider trading on the stock market to be either frivolous or fraudulent. What can you tell ForTrader.org readers about this?

- I think that any activity takes time, even if you go through the main points of stock-exchange and over-the-counter trading organization, you can understand the system of making profit as a trader and as a company. When the knowledge of some industry, understanding of micro and/or macroeconomics is added to understanding of how the exchange is organized you can try yourself in trading at exchange and/or over-the-counter market. Also, do not forget about trading on indicators, figures of technical analysis and mathematical methods. Deception can be on the side of dishonest broker (here the important thing is the right choice of a company or a Bank with a long history) or on the side of the trader who takes the market as something simple where the risks and knowledge about the laws of financial instruments' price movements can be neglected.

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

- I believe that this is a "casino" game. The market gives an opportunity to earn and, most importantly, to enter partially in each of the ideas (to diversify risks). By no means it is necessary to plunge completely all deposit ("to bet on red") in one position - it leads exactly to loss of money and confidence that the market takes away money.

- Why traders should work with your company?

- "First Client" is a representative of the most reliable type of company - Banking - with the possibility of trading on the foreign exchange market for private clients. All client trades are transmitted to the market in full volume, all conditions are created for trading: two types of real accounts for trading of different volumes with possibility to keep accounts in EUR, USD and RUR, and also possibility to trade on demo account (also in three currencies) with really tight spreads. All our client's accounts are reflected in his "Personal account" on the website, which helps to manage all services in one interface. The client may get round-the-clock technical support and get all the details from the sales department in several ways, including online chat with a specialist. The main advantages are obvious: with all the necessary services and favorable trading conditions, we work under the brand of the First Client Bank, a financial markets participant with a 10-year history, which once again confirms the status of our company and the desire to attract a professional audience, able to assess the quality and reliability of the broker.

- You must have heard a lot of unusual questions from novice traders during your time working at a brokerage company. Share some memorable examples with us.

- Often we are approached by newcomers who are not quite familiar with the market, but want to start trading today. We have a "Test-Drive" account for this client segment. So, we hear the funniest questions from these very clients:

- How to trade on your club?
- the "forex" market is about oil?
- My grandson bought a computer, so I decided to exchange currency with you;
- I will not trade now, my neighbor is away on vacation, and I go to him for the Internet.

And so on.

- What advice would you give to newcomers to the exchange?

- First of all, I advise you to familiarize yourself with the conditions of your broker, make sure it is reliable, at least approximately outline for yourself the identification of entry and exit points from the market, as well as the basis for the formation of trading ideas. It is important to take into account all your mistakes and right decisions, it is even better to write down all your deals and thoughts - this will simplify the process of forming some trading principles by a beginner.

One Comment

  1. Interesting. Although quite a logical development of forex. It used to be all kitchens, I remember gambling licenses for companies, and now banks are starting to offer forex, like this first client. The industry is clearly reaching a new level. I also... I don't quite understand, it says that there are two types of accounts, but it doesn't say which ones.

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