Learning to Trade with the eXperts
At Traders Club International we pride ourselves on the experience of our trading experts and their ability to introduce newcomers to the world of trading.
This issue we speak with a James Goldsztajn to hear his story and learn all about his experience at Traders Club International.
Hi James, I believe you are currently the youngest member at Traders Club International?
Yes, that´s right. I just finished high school.
What made you want to join TCI?
I have always had an interest in the financial markets as my dad was a trader. A friend of mine saw that the office had recently opened in Nueva Andalucia and told me about it. I thought it would be a great way to get experience before going to university, so that ultimately I can either trade for myself or find it easier to get a job in the financial markets.
So, what did your mum say when you told her you were signing up to TCI?
She thought it was a great idea actually, as I have been spending quite a bit of time over the Summer travelling. She has been really supportive as it gives me a sense of discipline to go into the office each day. For myself as well, I like the fact that every day is different in the markets which makes it exciting and not a grind.
How does your average day look?
First thing in the morning kicks off with a hot chocolate. Haha, I know it sounds weird but I don’t drink coffee. We talk about the things that have happened in the news and how they might affect the financial markets. I then look at the main products I have been following and potential trade set ups for the day. During the day I have my alerts on to let me know when to trade, alongside watching educational tutorials online, reading financial books and bouncing ideas off the TCI traders.
What products are you focusing on at the moment?
I like to watch the German index, the DAX and Gold as they are pretty volatile and provide good opportunities for trading. The guys in the office have been really helpful with interpreting how the fundamental news headlines have had an impact on the markets and how to profit from them.
Can you give us any other tips you have learnt from your time with TCI so far?
I am learning that trading is very much about psychology and that it´s all about having the right risk reward ratio. For example, I can be right less than 50% of the time and still make money by having a risk to reward ratio of 1 to 3. So in EUR terms I would lose 100 EUR twice in a row but then on a winner look to take 300 EUR.
What do you like about sitting in the TCI office?
It´s very international in the office, with traders from more than five different countries, so it´s a great atmosphere exchanging ideas, not to mention sharing a joke or two. As there is a lot of experience in the room, I´m always learning something new about the markets.
Any final words?
If anyone out there thinks this is something for them, I would recommend to go for it! …and don´t forget to have some fun while doing it.
Good luck James we wish you all the best!
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