Sam Randazzo [charttradingpro]
What is your professional position? What responsibility do you have in your work?
I am a day trader for myself and a core member of Chart Trading Pros. Not only do I trade but we teach other to trade and we are building an online community of 'like minded traders'
Which has your career path been like? How would you summarize your experience in the financial arena?
My experience in the financial arena has only been of a day trader. I started in 1998 trading in the stock market and switched to Forex in 2009. Also Since 2009 I have been teaching others to trade in the markets.
Is there a link to a website or social network site where we can see something more about you or your business?
How do you develop an investment strategy? What factors must one keep in mind for this?
A new strategy is easy to come up with, testing it takes a long time! To trade successfully take a lot more than just a strategy. One must have patients, discipline and the knowledge and experience to be able to read charts.
What is that your clients value most about your services?
If they are committed we stay with them for as long as they need. Having the traders community allows everyone to participate with each other and keep motivated. There is no better reward then to be able to trade and have the freedom to do whatever, whenever and NOBODY can ever take it away!
How do you determine the amount of risk a client is really willing to take?
We teach you how to take the low risk, high reward trades. Yes we do take losing trades too, but done correctly and you can come out on top most days-
Is it important to include a personal aspect to the relationship with a client?
Yes, they need to trust us and we need to know their trading personality. We can customize trades to fit their personality best!
How do you negotiate your compensation?
What are the most frequent errors that people make when investing?
Their Emotions and inexperience keep them in losing trades too long and they get out of winning trades too soon. Again, it takes more than just a method to trade successfully.
There are people that prefer to invest in things that can be touched, like houses, art, gold, etc. Is this a bad idea?
nope. You should invest in what you like, just do your homework first!
What percentage of income should a 30 year old professional invest for the future?
With Chart Trading Pros your investment is in yourself, I ask you... What are you worth? To trade Forex you only need a few hundred dollars to trade and learn. Wanna make more, then invest more, but only invest more once you learn to trade successfully.
If you have too much money and just want to get rid of it DO NOT INVEST IT!!! Go donate it to a good charity, there are lots of other people that need it.
If a friend invites me to invest in his/her business, what precautions should I take?
Do your homework! keep business and friendship separate.
How is personal economics taught? At what age should children learn to handle their own budgets?
I learned that in High school.
How secure are banks and government guarantees on deposits?
These are low risk low reward investments... Very Safe but little return.
Are there any well-known millionaires that you admire for the way they have made their fortunes?
No, to me it does not matter what someone else is doing. It's not a game and it's not a competition.
Where do you seek counsel and information when working on something bordering on illegality?
I don't do anything close to illegal.
Which are the most trustworthy and objective market information sources that you rely on?
I use DailyFX.com to find out when the news items will be released. I do not use any other source or information... it's just someone else telling me what they think and I can think for myself.
How do you see your future in the long term? Where is your career headed?
We are getting more customers and followers daily. I may have to stop trading and only teach others.
Do you have a handy saying or a relevant expression on the subject of money?
"Obstacles are a thing a person sees when he takes his eye off the goal"