trends
TRADER 1. TweetDeck for following FinTwit trends and trader commentary 2. 15-minute charts of U.S. dollar FX pairs
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3. Bloomberg terminal 4. Headset for conference calls and tuning in to press conferences 2 3
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5. Market notes, trading journal, and conversations with other analysts
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RICH DVORAK Rich Dvorak, IG Analyst @richdvorakfx Home/Office location Chicago Age 27 Years trading Nine How did you start trading? I opened a
brokerage account on my 18th birthday. I discovered my passion for finance the moment I was exposed to the law of compounding interest. This passion blossomed as I learned to exploit market inefficiencies. My initial experience with investing was refined during my college years when I had the opportunity to earn degrees in both finance and economics. At the same time, my knowledge of the markets grew exponentially as the co-founder and portfolio manager of the Bellarmine University Sustainable Equity Balanced Fund. This helped me gain invaluable experience that prepared me for my first full-time job out of
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school with a derivatives exchange. The fastpaced nature of trading derivatives excited me, which led me down the road to working for a research desk where I could follow the markets closely and trade on the side.
Average number of trades per day? Two to
Favorite trading strategy for what you trade most? My favorite trading strategy takes a
many traders think being lucky is crucial for success, and others argue we make our own luck, I believe trading outcomes are a function of preparedness. We all may encounter a lucky trade at some point during our careers, but luck only lasts for so long and eventually runs out. This is why “lucky” traders end up getting washed out more often than not. Truly successful traders, on the other hand, are consistent and have tenaciously crafted their skills to master the art of trading by improving outcomes.
comprehensive approach that incorporates both fundamental and technical analysis. In my experience, there is no foolproof trading strategy that is successful over the long run. Markets are dynamic, so I believe my trading strategy should be too. That said, conducting top-down global macro research is Step 1 of my trading strategy because doing so helps me determine a fundamentally influenced directional bias for a given market. I actively track market-moving economic data and commentary from important policymakers to help gauge this. Secondly, to prepare for possible risk events, I ensure that I do my homework by creating a decision tree gaming out potential scenarios and their probabilities.
three, but this varies depending on market conditions.
What percentage of your outcomes do you attribute to luck? Less than 1%. While
Worst trading moment? My worst trading
moment was an unforgettable and costly experience during the September 2019 Federal Reserve meeting. Markets were awaiting updated economic projections from
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