Mutlu Meydan [meydanco]
What is your professional position? What responsibility do you have in your work?
I am the CEO of the company and I also am fully hands on all the new products we develop and bring to financial markets traders.
Which has your career path been like? How would you summarize your experience in the financial arena?
Experience really is not the number of years but the amount of work done and covered. My career has brought me from corporate finance to running my own business via technology to serve global clients.
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?
Obviously sudden global major events are things we need to keep in mind always however, my trading of the markets are purely technical and I follow only certain important news such as employment, interest rates and any central bank announcement.
What is that your clients value most about your services?
My clients want to trade the financial markets, be it forex, commodities or CFDs. The most valuable service for them is to know when to buy and when to sell. Previously I used to do all technical analysis manually and it was provided to clients as a consulting service.
Last year I developed the Manual Trading Strategy which does the technical analysis that I would normally do automatically and when the right timing conditions occur and a trade signal is generated and the trader can enter the trade.
I think this really helped my clients because they could learn a mechanical system and then be independent traders. Also this strategy is very unique because it covers two time frames where as other systems work under a single time frame. This way we can determine tops and bottoms and trade the trend direction in between.
How do you determine the amount of risk a client is really willing to take?
Risk is a subjective matter but in the manual trading system I developed I integrated the money management which determines the maximum amount of risk you can take according to your capital.
So this takes the guess work out.
Is it important to include a personal aspect to the relationship with a client?
I think support is important and all my clients can email and even live chat to me. People actually only need good support and good explanations and that is the basis for a good relationship. At the end of the day they are paying for your service and you have to make sure they are happy. Once they are happy it gets personal in a good way.
How do you negotiate your compensation?
I do not negotiate really. There is a price list and a service that takes time and effort and it needs to be compensated by the client.
Just like people do not negotiate over the dish they order in a restaurant I do not take the path of negotiation. Also I find that dishonest. Some people are negotiators by trait and they do a good job but others may not have that personality. So negotiating on price or freebies is actually depriving others from equality.
What are the most frequent errors that people make when investing?
Lack of education. They go in to the markets and they have no idea what is going on.
Get educated!! That's what people lack and no body can make you a millionaire over night so quit believing in all that crap out there and be reasonable.
Do your research and understand how the markets work. If you understand the markets and you are educated about them people can not con you out of your hard earned cash either.
There are people that prefer to invest in things that can be touched, like houses, art, gold, etc. Is this a bad idea?
Nothing is a bad idea if it brings a good return. The housing market will not bring much return given the financial crisis at the moment but gold and precious metals or soft commodities will.
There is only one preference the way I see it, how much will you make? That is the question.
How secure are banks and government guarantees on deposits?
Banks and governments are as reliable as a house of cards in hurricane country. They are the reason the world is in this mess. Lets face it each government comes and rules like a king for a period. They make use of every contract and deal that will fill their pockets and they go and retire. None of them goes to jail worse case scenario they resign for the mismanagement they did and usually with a good bonus since they have a really good contract.
Are there any well-known millionaires that you admire for the way they have made their fortunes?
I admire the entrepreneurs because they have made some thing out of nothing by coming up with an idea or concept.
Where do you seek counsel and information when working on something bordering on illegality?
I always refer to a simple principle which never failed.
"~Do not do to others what you would not want done to yourself.~"
By adhering to this principle you can always ensure you are on the right side of the law.
Which are the most trustworthy and objective market information sources that you rely on?
Only my personal analysis.
You can listen to all the jokers on CNBC or CNN or Bloomberg all you want. None of them are reliable and actually keeping the TV on to listen to them is waste of your valuable life and waste of electricity. For one very good reason if they knew what was going on or even believed what they were doing was the right investment they would not be on tv trying to influence you.
It would be very very hush hush.
we do not disclose any information to third parties except under one condition:
a court order.
How do you see your future in the long term? Where is your career headed?
My career is headed towards working less and spending more time dealing with my hobbies. With the internet and global connections I am fully utilising every source to work less and play more.
So I do not see myself running after more growth.
Do you have a handy saying or a relevant expression on the subject of money?
money isn't everything
Sydney I Australia I