Forex

My background as a corporate trader greatly influenced my trading
style, philosophy, and approach. This has had two major ramifications:
a commitment to low-risk style and the use of trading
techniques that can be simplified by the computer.
As a corporate trader, I traded a single market or a group of
related markets and was burdened with a high degree of corporate
scrutiny Often, fund managers use a technique that might be characterized
as a blunt instrument approach. They need not be very
accurate because they are trading a basket of different commodities,
minimizing risk by choosing commodities whose movements
offset each other. They stop out the losers and ride winning trades.
These diversification methods are, of course, by definition, not available
to most corporate traders.
In a conservative corporate environment, managers of trading
departments often maintain their supervisory positions because
they have proven themselves in other corporate departments. They
generally have little or no experience in actual trading, so the concept
that a good trader may experience a string of small losses and
still make money is difficult to grasp. They often fail to understand
that sometimes the market is more difficult to trade, for example,

during choppy sideways consolidations than, at other times, for
example during prolonged trends. Thus, they instruct traders under
their supervision with an impossible dual message: “Make
money most of the time, during all market conditions, taking very
little risk.”