Profiles in Forex from Futures Magazine

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January 2010

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Trader Profile

McGaw: Building a forex business

By Daniel P. Collins

Nicholas McGaw was still studying economics at York University in Toronto Canada when a friend introduced him to the possibilities involved in forex trading. McGaw learned of a manager who was earning 10% per month trading forex and was impressed. "To trade anywhere in the world 24 hours a day to me is the best job ever," McGaw says. more »

Quick Strategy

The trend(line) is your friend

By Nicholas McGaw

If you ask any professional trader what is the most important rule when trading; nine times out of 10 the response will be money management. Any two traders can enter the market at the same time and same price but the success and longevity of a trader is based upon his exit strategy and money management. I have been conditioned to ensure that before a trade is placed I have a predefined stop loss level, which is usually 1% of my account. In addition, predetermined profit target zones are also identified. more »

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