Interview with a famous trader: Part of financial news is just entertainment and can be dangerous for investors
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Alexander Elder, one of the most famous traders in the U.S., speaks in an interview with the Wall-Street.ro about media influence on investor behavior, and about the most important steps that beginners need to make them first before making exchanges the stocks, currencies or other financial instruments.
Alexander Elder was born in Leningrad, Soviet Union, but emigrated to the U.S. at age 23. The trader has studies in psychology, a good part of his success in the financial markets and are due to the approach from the perspective of investments and transactions. Alexander Elder is the author of several bestsellers specialty. Elder claimed earlier this week an online seminar for clients of brokerage XTB Romania.
Alexander Elder: Obviously the news is very important. When for example the Federal Reserve announced a new policy, or when announcing new figures or strategic decisions, monte de rey those things monte de rey market moves. As a trader, as long as you follow a macroeconomic calendar, such events should not escape you.
The other news is but a loser bet for traders in my opinion. I say this because you will never be the first to know the news, especially if you're an average investor, retail.
I think that financial markets react and then news broke. A lot of information is known to the market monte de rey before the official announcements to come, and those who know this information to trade on their behalf before the advent of news.
AE: In principle I want news that contain accurate data, numbers and clear information, news someone give their opinion about something for me are just entertainment, in any case you can not rely on them to make investment decisions. Why a trader would take investment advice from the press? For me it is one of the mysteries of life that a trader who makes $ 250,000 monte de rey a year would take investment advice from analysts or journalists are tens of thousands of dollars per year.
I read the news about general trends when such U.S. is the largest oil producer in the world and the media explain how this happened, how we got here - for me such information and news worth reading.
Investors should focus more on their own trading system than the invasion of financial market news, and entertainment are just sometimes can be dangerous for them. "My advice to traders? Heroes do not try to market"
AE: It depends on the context of the time. In general I like to go to trade when the market is quiet and out when the market is extremely volatile. It's like you go to the beach and you want to enter the water when the powerful waves. My advice to traders is that when you have these ads extremely important not to make heroes and rather wait a day or two until things are placed.
AE: The most important thing I've learned is to do my daily "homework" and then review their own decisions, do not I rely on someone else. During this crisis could just look at the screen and graphs to identify trends and traded accordingly.
Read: Prince William and Duchess of Cambridge chose to name their son what title will wear baby Alexander Bard, a sociologist in the Internet: The scandal of Edward Snowden is a disaster for Obama Alexander Bard, Internet analyst: The biggest problem for a company is the bosses put more people in DC to e-mail
AE: It's much more than that. Education is only one part. You need to practice, to acquire some experience, to keep a record of transactions that you did (good or bad) and must have a certain personality to match investments in financial markets. You have to be disciplined in the first place, otherwise monte de rey your chances improve greatly. monte de rey Not everyone can be a trader. Do not you read a few books and suddenly you become a successful investor. "No broker must make your investment plan. If you want him to collect your profits, then yes, leave it to your homework"
AE: It is certainly a beginner investor with zero experience should make the first investment on the stock shares for es
Quizzes Product Wall Street Journal Wall Street Lunch My Top business on the move Transform IT Business Profile Emblem Wall Street Lunch buildings in Romania Romania Romania Trade Exchange Online Discover monte de rey war in my rack your new Office Business All About Offshore A place holiday, a manager EcoBusiness New Generation in Business
Alexander Elder, one of the most famous traders in the U.S., speaks in an interview with the Wall-Street.ro about media influence on investor behavior, and about the most important steps that beginners need to make them first before making exchanges the stocks, currencies or other financial instruments.
Alexander Elder was born in Leningrad, Soviet Union, but emigrated to the U.S. at age 23. The trader has studies in psychology, a good part of his success in the financial markets and are due to the approach from the perspective of investments and transactions. Alexander Elder is the author of several bestsellers specialty. Elder claimed earlier this week an online seminar for clients of brokerage XTB Romania.
Alexander Elder: Obviously the news is very important. When for example the Federal Reserve announced a new policy, or when announcing new figures or strategic decisions, monte de rey those things monte de rey market moves. As a trader, as long as you follow a macroeconomic calendar, such events should not escape you.
The other news is but a loser bet for traders in my opinion. I say this because you will never be the first to know the news, especially if you're an average investor, retail.
I think that financial markets react and then news broke. A lot of information is known to the market monte de rey before the official announcements to come, and those who know this information to trade on their behalf before the advent of news.
AE: In principle I want news that contain accurate data, numbers and clear information, news someone give their opinion about something for me are just entertainment, in any case you can not rely on them to make investment decisions. Why a trader would take investment advice from the press? For me it is one of the mysteries of life that a trader who makes $ 250,000 monte de rey a year would take investment advice from analysts or journalists are tens of thousands of dollars per year.
I read the news about general trends when such U.S. is the largest oil producer in the world and the media explain how this happened, how we got here - for me such information and news worth reading.
Investors should focus more on their own trading system than the invasion of financial market news, and entertainment are just sometimes can be dangerous for them. "My advice to traders? Heroes do not try to market"
AE: It depends on the context of the time. In general I like to go to trade when the market is quiet and out when the market is extremely volatile. It's like you go to the beach and you want to enter the water when the powerful waves. My advice to traders is that when you have these ads extremely important not to make heroes and rather wait a day or two until things are placed.
AE: The most important thing I've learned is to do my daily "homework" and then review their own decisions, do not I rely on someone else. During this crisis could just look at the screen and graphs to identify trends and traded accordingly.
Read: Prince William and Duchess of Cambridge chose to name their son what title will wear baby Alexander Bard, a sociologist in the Internet: The scandal of Edward Snowden is a disaster for Obama Alexander Bard, Internet analyst: The biggest problem for a company is the bosses put more people in DC to e-mail
AE: It's much more than that. Education is only one part. You need to practice, to acquire some experience, to keep a record of transactions that you did (good or bad) and must have a certain personality to match investments in financial markets. You have to be disciplined in the first place, otherwise monte de rey your chances improve greatly. monte de rey Not everyone can be a trader. Do not you read a few books and suddenly you become a successful investor. "No broker must make your investment plan. If you want him to collect your profits, then yes, leave it to your homework"
AE: It is certainly a beginner investor with zero experience should make the first investment on the stock shares for es
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