Monday, May 25, 2009

Millionaire Traders Part 12 - Marcelino Livian

Marcelino Livian has a amazing 80% return from the forex market in the last four years! However, the interesting aspect of his story is not his trading, but how trading has improved the bond within his family - all are forex trader!

Marcelino always look to get paid while holding his position. This is the reason he trades FX exclusively on the side of the carry, letting the positive interest rate differential between the currencies work to improve his average entry price while he waits for his trades to become profitable.

This idea is important even if you do no trade the way Livian does. If you hold too large a position and end up not having enough capital to sustain regular fluctuations, then you can be easily get stopped out by the short term market movements.

No comments: