Published on September 10th, 2014 11:54 PM
This exclusive interview with Andrea Unger was done by FX Operator for Forex Forum Asia with special thanks to DZH NextVIEW.
1. When and why did you consider trading is something for you?
Trading is something where skills count, I’ve always dreamt of a job where the better you were the more you received, that’s not true in the industry, I’d been working for over 9 years in multinational companies and saw so many frustrating things that a complete change was necessary to be really motivated, trading was the answer
2. Could you describe your first system? Did you construct it by yourself or took, modified someone’s? Was it successful or not? Could you describe why?
My start was not the classical start of all traders, at the beginning I discovered some instruments quoted here in Italy which had great inefficiencies, they were sort of options released by banking institutes but the software quoting them was not the best and quotes were delayed, not that much but 5- 10 seconds were enough to know if the price was right or wrong, any time prices were below market value you just had to buy and wait for the fair price to be quoted to sell back your investment, it was similar to a video game and I was good at video games! That could not last forever, I knew it and I started studying to trade “real” markets, my first systems were classical trend followers buying the breakout of a highest high or selling the lowest low, they were normally working but not always and first losses made me wonder I was doing something wrong, I was simply not understanding all the aspects of how markets moved. “Living the markets” and talking to some skilled friends I slowly added bricks to my wall.
3. If you initially lost, what caused you to stay in the game?
During the video game phase there were not substantial losses but these arrived when real markets were faced, yet I had a strong will and strong conviction I could get it done, I was studying at night and trading during the day to figure out how things really worked
4. Did you experience periods of hesitation when you wanted to leave this field of trading?
Trading leads to a great level of stress regardless you are a winner or a loser, hesitation always derive from the question whether I would really live with that sort of stress and that question is still alive today; but I loved and I love this job and the morning after a bad day I normally get up willing to put things back in place and to sit in front of the monitor to study markets again.
5. Was there any memorable experience that determined you to trade further?
There is nothing really special I remember but losses, I don’t remind of any particular good day, I did experience big winners but I could not tell you exactly when and how but I remember very well