"If you're not sure, don't trade," - Konstantin Kondakov, managing trader.

Kondakov Konstantin Georgievich - a trader with 8 years of experience, a famous analyst, financier, author of the theory of "Chart - alive!"

- Hello! Please introduce yourself. Tell me, how long have you been in currency trading and why did you choose it?

- Hello! My name is Konstantin Kondakov. I have been in the foreign exchange market for about 8 years. I developed an interest in it when I was a student. The sphere of finance seemed to me attractive both educationally and financially. Moreover, it seems to me that nowadays there are very few people who do not know about . Currency market is a source of unlimited income, that's why my choice and that of thousands of traders all over the world is quite simple.

- Do you think anyone can become a trader?

- Undoubtedly, everyone has such an opportunity! If you set a goal to become a trader, you will become a trader for sure. Of course, in order to realize your desire you will have to put a lot of effort. It is important to really want to do it, to plan your actions clearly and not be afraid of difficulties. Although, those who do not have time to go deep into the Forex market can earn here. You can just give your account to an experienced manager. trader.

- What qualities are most important for a successful trader?

- Let me draw an analogy: a successful trader can be compared to a successful athlete. This means that the list of necessary qualities includes performance, determination, discipline, the will to win, and endurance. And also - the ability to get up after a defeat and move on. Although, of course, it is better to learn how to prevent "falls".

- Where would you recommend a beginner start on ?

- In order to start a career in , first of all you need an "education". Now on the Internet you can easily find a lot of information about online trading. But it is not advised to dwell for a long time on the theory. It is better to immediately open a demo account and practice. Trading on the demo account the trader absolutely does not risk anything, so why not use it? It is better to "get a good score" on a virtual account than to transfer your faults to a real one.

- An important point for a beginning trader is to switch from a demo account to a real account. What do you think, when is the best time to do it?

- It's better not to drag it out. In any case, the work on the demo account dulls the "instinct of self-preservation", and the trader can quietly lose hundreds of thousands of virtual capital. Now imagine that a person who has been sitting on a demo for a long time, opens a real account with a solid deposit and quietly sinks it. In my opinion, it is better to test the demo for a month and open an account with a minimum deposit. But knowing that you work with real money you try to make more informed decisions.

- What does a professional trader look like to you? Do you consider yourself as such?

In my opinion, a professional trader is a deeply disciplined person who can quickly make a balanced decision. It is important for a trader to learn to analyze the situation on the market and react to it quickly, otherwise trading will not bring any profit. During my work I achieved quite serious results, that's why I can call myself a professional trader.

- After many years of practice on the foreign exchange market, which type of analysis (technical or fundamental) do you trust more?

- It seems to me that one cannot be solely a "technologist" or a "fundamentalist. Looking at it one-sidedly, it is hardly possible to achieve great success. For example, my strategy is a hybrid of technical and fundamental analysis. And by the way, it is thanks to it that my investors can count on a 100% profit.

- What currency pairs do you prefer to work with and why?

- In principle, I trade all pairs, but mostly on the pound.yen. And though this pair is considered as one of the most difficult ones, I have worked out a clear scheme for myself, which has never failed me yet. I trade only when I understand the state of the market. The golden rule: If you're not sure - don't trade.

- Stock market pundits say, "In the market, the right exit is more important than opening a position. Do you agree with them? What closing techniques do you use?

- It is hard to disagree with this, because sometimes if the position is not closed in time, the deposit may decrease slightly. In general, the problem of exiting a position is typical to greedy traders. And greed should be limited as well. As for me, in making trading decisions and determining entry/exit points I rely on my strategy, which, fortunately, has not failed me.

- Please tell us about your next trading plans.

- Of course, my plans are to continue developing in the field of trading. At the moment I have more than a hundred large trading accounts under my management. But it is too early to say that I have fully realized myself professionally. Evaluating my potential, I come to the conclusion that to double or even triple work volume is a task I can do in the near future. Strategically, I plan to work more closely with investors from the United States.

- Thank you for an interesting conversation, Konstantin.

- Thank you as well.