"Internet trading is controlled by market makers," - Mark Santos, youtradeFX

- Hello. Please introduce yourself. How did it happen that you got acquainted with stock trading?

- My name is Mark Santos and I represent youtradeFX . I have always been interested in the world of finance in general and financial markets in particular. I am a very hard worker by nature and I have always understood that in order to make money you have to work for it, however, if I can make my money work for me then I am on the right track.

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

Trading on market Currencies are available 24 hours a day, 6 days a week, and this fact provides great opportunities for successful trading, while the stock market is limited in time and depends on the stock exchanges of the country where they are traded. Trading currencies is more exciting, in my opinion, and provides the trader with a more detailed picture of the situation in the world economy, rather than the economy of a particular country or region.

I believe that trading on the Internet has become popular in Russia and CIS countries due to the development of infrastructures and the availability of fast-speed Internet in almost every home; moreover, we live in the era of information, and anyone can learn everything on the Internet without leaving home.

- What stock exchange instruments are interesting for you and why? 

- I follow Google and Microsoft stocks, a bit trivial, but these are the stocks that allow me to trade large volumes and that give me great pleasure.

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

- Internet trading is controlled by market makers. The competition between these companies creates huge movements in the market, the size of which no one can foresee. The competition is so great that these companies are competing to see which Internet provider will provide the fastest service on the on the New York Stock Exchange.

- In your opinion, can anyone become a trader? 

- I believe that any person who has the desire to learn something new can become a trader. I can also say for sure that every beginning trader should experience a sense of loss in order to learn from their mistakes and become a more successful and better trader.

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

- You need to have a strong character, patience and the ability to learn quickly and put what you have learned into practice.

- Many people consider trading on the exchange market to be either a frivolous business or a scam. What do you have to say about it?

- They can check my bank account 😉

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

- Many traders lack patience and confidence in what they are doing. You should always follow your chosen trading strategy, no matter how dangerous the situation may seem.

- Why traders should work with your company?

- YoutradeFX offers its clients all available instruments for trading, including exotic ones. currency pairs and commodity products. The company has low spreads and fast and accurate order execution, the service for clients and partners is at the highest level 24 hours a day, 6 days a week.

- Surely you have had some funny situations with clients during your work at the Dealing Center (Broker). Without mentioning any names, could you share one with us?

-One of our clients opened a working account, made a deposit and registered for a PAMM account service without any experience in trading. While his manager settled all the issues with signing the agreement and confirming the documents, the client decided to download the platform and familiarize himself with its interface. During a session on the platform he accidentally clicked on the button to open a position to buy EURUSD and, not quite realizing what he had done, closed the platform as if nothing had happened. A few days later, when his manager settled all the issues with the documents and they decided to start working, what was the surprise of the manager who opened the client's platform and saw that a position with a profit of 9,500$ was opened on his account! That's how it is for beginners... We call it "lucky dummies" 😉

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

- Never start trading online with your last money, try to have enough money in your account in order to secure your positions and always follow your trading strategy. Follow all the news happening in the world to keep up with all the changes in the financial markets.