Yuri Shramenko – X-Factor Day-Trading
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Independent Trader
Yuri Shramenko has been a full-time trader since 1989, after working as a software developer consultant. With no formal training other than reading books in the late 80s and early 90s, his trading style is a combination of Fibonacci systems and his own personal systems. One of the books he recommends for those wanting to gain a better perspective of market behavior is “The New Fibonacci Trader: Tools and Strategies for Trading Success” by Robert Fischer and Jens Fischer
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Yuri Shramenko – X-Factor Day-Trading
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