"We all follow the exchange rate, and that's what Forex is," Andrei Goylov, senior analyst at RoboForex
- Uh, hello. Please introduce yourself. How did it happen that you became acquainted with trading?
Hello. My name is Andrey Goylov, I am a senior analyst at RoboForex.
My introduction to trading was about 7 years ago. I saw in movies how people bought shares in companies and made fortunes. Therefore, with the development of the Internet, I started looking for material on this topic. And then I downloaded and installed MetaTrader platform. After brief tests on a demo account, I moved on to real work. And, frankly speaking, not quite successfully.
However, a few lost deposits could not beat out of me the desire to engage in financial markets. Here it remains only to quote one of the best speculators: "In investing, as in life, the question is not whether you will get knocked down, but when you will get knocked down and whether you will be able to get back up and continue the fight.
- Trading is becoming more and more part of our lives - many people know about it or are holders of certain securities. In your opinion, why has speculation become popular in Russia and CIS countries now?
It cannot be said that Forex has become popular just now. Trading volumes on the financial markets have been growing for a long time and will continue to grow.
For example, by 2008 the average daily turnover on Forex already amounted to more than 4 trillion dollars. At the moment it is already 4.7 trillion dollars. And by 2020 it is forecasted to grow to 10 trillion dollars.
I think people try their hand at financial markets because they are looking for alternative sources of income, the profitability of which would be higher than bank interest. Trading provides such an opportunity. Therefore, in my opinion, people's interest in financial markets will only grow.
- Which markets are interesting for you and why?
The only thing I'm interested in at the moment Forex. My trading method and expectations are customized for this type of market. There are certain patterns that I try to enter the market and have been working with for a long time.
Of course, I'd like to try my hand at Russian stock marketand work with stock market indices, but this all requires a lot of time to prepare. I don't have that opportunity yet.
- What don't you like about the structure of exchange or OTC trading or would you like to change?
What I don't like about stock trading is the excessive dependence on regulators and high taxes for non-residents. It's about
ex-military people are good at trading because there is strict discipline and full adherence to their own trading plan.
- What qualities should a trader have in order to become a professional?
First and foremost. Trader must be disciplined. If a person has this quality, he will be able to follow the rules of money management and adhere to the trading plan. And in case of anything, he will be able to fix the loss without much effort and refrain from trading if the drawdown exceeds the daily norm. In my opinion discipline will help a beginner trader to become successful and earn steadily.
- Many people think that trading is either a frivolous business or a scam. What can you say about it?
Most people do not take trading seriously. They often look at Forex as a pyramid scheme.
However, what they forget is that we all pay attention to exchange ratesWe exchange one currency for another: rubles for dollars, dollars for euros, and each time we try to do it at a more favorable rate. The same thing happens in Forex, by and large.
There is a lot of negativity due to the fact that almost every beginner, when losing a deposit, blames only the broker. Rarely is anyone ready to admit their mistakes and draw the appropriate conclusions.
ExchangeIn fact, it is a very serious place, and it is not so easy to make money here in the long term. Beginners are often unprepared for this, they want to make money quickly and without effort. And they lose. And then they blame the market for it. Because of this, legends are born about deceitful brokers, and about pyramid schemes.
- In your opinion, what is the most common mistake traders make?
As a rule, it is a gross violation of money management rules. A trader is subject to emotions. And as a result of a series of losing trades, he may simply start entering the market with all his capital in order to recoup losses as quickly as possible.
- Why traders should work with your company?
RoboForex Company in the market of brokerage services is relatively new. But we are not standing still, we are constantly developing, expanding the list of services and introducing new products.
Among the main advantages it is worth noting that RoboForex does not limit trading with the help of mechanical trading systems, which are gaining popularity lately.
On the contrary, for traders who use robots in their work, the company provides a free VPS-server.
Importantly, for all standard account types, end-to-end transaction processing is used: trades larger than 0.1 lot are transmitted directly to the liquidity provider.
We also have bonuses when you fund your trading account up to 50% and trader contests.
- 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?
There were many funny and even fantastic situations. This once again proves the uniqueness of the profession - trader.
There were people who, from small amounts of money, quickly and effortlessly increased the size of their deposits by simply trading on a linear chart. Although, it would seem, you can never tell from a person that he or she will be able to earn money.
There were even those who managed to predict currency fluctuations and earn money by "squinting" one eye.
- What advice would you give to newcomers to the exchange?
Be patient and set yourself up for long-term work in the market. You should not try to become fabulously rich in one trading day. Try to stay in the market as long as possible at an early stage to gain invaluable experience.