Traders who have been successful in
his career mostly dedicate their knowledge and time to develop the world of
trading and investment such as establishing investment consulting firm, being a
commentator on various media investment and business, or write a book. We can
take the positive benefits of travelogue careers and their view of the world of
trading and investing.
Cynthia
Kase, only believes in his own creation indicators
Trader and consultant Cynthia Kase
just rely on a number of technical indicators which he created as a trading
signal. We will take important decisions in trading Kase always be based on
technical indicators without consideration of the influence of fundamental
factors at all.
Kase is the educational background
of chemical engineering. In 1983 when he joined Standard Oil of California,
leaders assign Kase to strengthen trading division as part of a program of
business development and management companies. He soon learns to gain perspective
on the world oil trade.
"There were two interesting
events in 1983 that are important to the world oil trade," Kase recalls.
"In 1983, trade crude contract world was introduced for the first time,
and the personal computer (PC) is being started to be used for trading,"
he said. "I use a personal computer specialized in the trade to learn. For
traders at the beginning of the 80s you certainly know the situation, let alone
my background in chemical engineering and my knowledge of the personal computer
is limited, "he explains.
He studied trading alone, and as he
says that "you should be a person who is alone when trading so that the
maximum result. You should not trust the opinions of others. And the important
thing you have to stay focused and think calmly. But you also do not have to
insist and push yourself. "Cynthia Kase just rely on and trust the
indicators of his own, but," I am not focusing on technical indicators
before 1985, "he said. "Trading with technical analysis is very complex.
It takes time and effort to really understand it. Can not only by two days to
read technical analysis is then directly used just for trading. "
Over the years Cynthia Kase create
and develop his own trading indicators, and now she uses also for its clients.
In addition to trading for yourself, Kase was also a consultant with more than
30 companies. "As a trader technician, I apply a pattern of price
movements, momentum and trend," Kase explained. But, "I'm using
statistical indicators and not on a purely empirical observation" The
basis of the indicator Kase is the peak-oscillators or momentum indicators and
deviation-stop or stop method based on volatility. Regarding Kase indicator can
be read in detail in the "Futures Magazine".
In terms of frequency trading, Kase
explained that he did not necessarily trade every day, but every 3 to 10 days.
"The technique that I use trading prioritizes exit strategy, rather than
on its entry point," said Kase. "I can profit quickly, many trades
but pip profit is small. I took profit of dangerous moments, such as the
current price movement pattern reversal. More important to me is trading the
right way rather than a big profit, "he continued. For the record,
technical indicators creations can be applied to all types of markets including
forex market.
His advice to the novice trader?
"The only way to learn trading is to make trades. There is no holy grail
in trading. Keep learning and hard work. Trading capital should not be a major
reason. If you feel disappointed really been two years of trading did not
produce anything, even a loss, then you should not plunge into the business of
trading. "
Source: News For The Financial World
