With Andreas Thalassinos Head of Education at FXTM
With Andreas Thalassinos Head of Education at FXTM

Price is the boss

With Andreas Thalassinos, Head of Education at FXTM

Andreas Thalassinos
Andreas Thalassinos

Can you tell us about yourself and your role at FXTM?

My educational background is based in Computing and Technical Analysis. I have two Computer Science Degrees and I have several certifications as a Technical Analyst. I lead a team of experienced forex educators and travel worldwide delivering comprehensive seminars and workshops to our clients.

How did you get started in the world of trading?

My trading journey began in the 1990’s when I began exploring the stock market. At that time, it was absolutely booming and I ended up being quite successful. I became fascinated by Technical Analysis and began to read every single book on the subject that fell into my hands – sometimes for up to 16 hours a day! My Computer Science background enabled me to program expert advisors, or EA robots, to test out my strategies. The more I learned, the more passionate I became about the markets, crowd psychology and spreading forex knowledge.  

Do you have a trading philosophy?

My personal philosophy is that price is ‘the boss’ and everything else is secondary. I identify the trend in its earliest stage of development and follow it until there is a clear signal that the trend has come to an end. That is usually the time I exit with potential profits and probably initiate a new trade in the opposite direction.

Given your level of trading expertise, what are some of the rules that you encourage your students to follow?

There are three important factors to consider when trading.  Firstly, one requires a trading strategy that has been practiced and proven to potentially yield profits. Secondly, I strongly recommend incorporating basic risk management tools such as the Stop Loss and the Take Profit. I’d also swear by position sizing. Last but not least, traders should be disciplined enough to ensure that the first two factors are followed consistently and effectively. Emotions should never dictate your judgement, discipline should.

How much importance does FXTM place on trader education?

Providing our clients with correct, valid & detailed information has been one of FXTM’s biggest priorities since the company’s inception. That is why we, as an award-winning regulated broker, ensure that all of our clients have access to superior educational resources. We want our traders to succeed and are 100% committed to helping them achieve their goals. In 2018 alone, FXTM hosted over 150 high-level educational events worldwide, and we plan on expanding our reach even further in the years ahead.

Lastly, do you have any final words of advice for traders today?

Remember that ambition alone does not equal profitable trades. The most vital ingredients are knowledge, discipline and determination. Never let greed or your ego push you into rash or unwise investments – the chances are you won’t profit. Finally, never forget that price is the only ‘boss’ there is!