"Nerve cells do not regenerate. Take care of them," - Ruslan Shambasov

In the New Year issue of ForTrader.org magazine Ruslan Shambasov, dealer of MasterForex dealing center, is our guest.

Julia Apel: Hello, Ruslan. Traditionally our first question: how did you get acquainted with exchanges? Why did you decide to tie your life to them?

Ruslan Shambasov: Hello Julia. I, you could say, have been drawn to this field since birth, because trading - the only profession in the world in which the amount of earnings is not limited by anything but your ambition and desires.

Y. A.: Which exchange or over-the-counter market is closer to you and why?

Р. Ш.: There are no particular preferences - both the currency and the stock market. I am interested in the study of the correlation of exchange-traded instruments in relation to the trading process.

Y.A.: In your opinion, when should a newcomer to trading open his first real deposit? What should he know and be able to do by that moment?

Р. Ш.: In my opinion, if you have a desire, you can immediately start trading on a real account with a small deposit. In the process of trading with real money you have to learn a lot of things all over again anyway, so why not start with that?

Y. A.: How would you advise to get rid of this error?

Р. Ш.: Improving self-control. Time will fix everything.

J.A.: What do you think is the most important thing about trading on exchanges? What would you advise to pay close attention to?

Р. Ш.: The most important thing is experience and discipline, because with experience comes and knowledge of the market, and the development of trading strategies, and without discipline, none of this can bring the desired results.

Y. A.: What is your attitude to the active automation of the exchange process? Does this process affect the market structure itself?

Р. Ш.: It depends on what you mean by market structure. The market as a structure that connects buyers and sellers does not change its essence. The market, as a space for speculative profits, undoubtedly becomes a more attractive place in the process of automation.

Y. A.: Do you prefer technical or fundamental analysis of the market and why?

Р. Ш.: Technical. I quite agree with one of the basic tenets, which is that price takes everything into account.

Y.A.: In your opinion, who is a professional trader?

Р. Ш.: Someone for whom trading is a profession. Someone who has many years of experience in trading on the market, has a well-tested trading strategy and always follows its risk management policy.

Y. A.: Do you refer yourself to such professionals? What is the secret of your success?

Р. Ш.: Не отношу. Для меня это не профессия, а хобби и, возможно, пространство самореализации и самосовершенствования. О каких успехах вы говорите? Я сотрудник финансовой компании, а не миллионер. Для меня торговля — вовсе не источник сверхприбылей, а просто любимое дело, которому я посвящаю много времени.

Y.A.: Tell us, please, about your most failed and profitable deal.

Р. Ш.: My most profitable trade happened when the Fed unexpectedly lowered interest rates at the end of January 2009. At that time it had already been a fairly profitable day, and there was a margin of safety to take a risk at a time when all markets began to move rapidly upwards. I went in with my whole deposit and made a significant profit.

The most unsuccessful transaction was two years ago: after some news was released in October 2008, the entire stock market began to rise rapidly. One stock, which I had been trading all day, did not make any movement. I was sure it would follow the market and I entered the market with a large position. However action did not meet my expectations. When the market started to pull back, I had to fix a large loss, as risk management did not allow me to lose more.

Y. A.: Rumor has it that Master Company is one of the initiators of creating a regulatory body for Forex trading. Tell us a little bit about this initiative. Why did you decide to take part in it?

Р. Ш.: This is not a rumor, because the event was covered by MasterForex in early December 2010. Nowadays Russia is one of the few developed countries, where there is no legislative regulation of foreign exchange market. Our company considers that a full-scale self-regulating organization creation is a necessary step to the formation of the legal framework for Forex-brokers' activity in Russia. The most important result of the self-regulated organization (SRO) activity for traders will be transparent reporting of brokerage companies. Secondly, it will eliminate the risk of possible unfair activities of financial market participants.

Y. A.: How much will this structure differ from the already existing CRDFM?

Р. Ш.: The SRO has the status of an NP - a non-profit partnership. In order for the NP to become a SRO, it is necessary to comply with the laws. Thus, it was decided to create one more organization for the non-commercial partnership to fully comply with the Federal Law "On Self-Regulatory Organizations" and, accordingly, to obtain the SRO status. Analysis of current documents of NP SROUFR showed that much more labor is needed to bring the documents in compliance with the above-mentioned law, than to create a new one. The prospect is to bring to a new organization all the best that has been worked out since 2003 in the KROUFM. First of all, it is, of course, a working mechanism of pre-trial settlement of claims.

Y. A.: And finally, traditionally, what is the most important advice you would like to give our readers on the eve of the New Year?

Р. Ш.: Nerve cells do not regenerate. Take care of them.

Y.A.: Thank you for the interview.

R.S.: Thank you for inviting me. Happy New Year, everyone.