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Member Profile: NVP

My Background
I was born into a gambling family. My dad and grandfather were Bookmakers back in the 60s & 70s and they were also very successful professional gamblers (mainly horse racing). I used to sit in their back office as a toddler using a toy phone so I could pretend to take/make bets like all the other people sitting around me. Then, when I was a little older, I was on the phones for real to make some extra pocket money.

By thirteen, dad set me up with one of his accounts to bet my own money on the horses and my education went to the next level. It sounds crazy and irresponsible, but they always monitored me closely and I was going to do it anyway….. they wouldn’t have been able to stop me!

By the late 70s I was seventeen and a veteran, but really needed to focus on my ‘A’ levels and finding a proper job, as my mother had laid down the law about me not going into the bookmaking business.

I eventually joined Shell International in London and became an Accountant, utilizing those numbers that were always bouncing around in my head!

I still am an Accountant to this day and thank my mum for her wise words as it still pays the bills. I would recommend that everyone have something in their armoury that pays the bills – and I don’t mean trading!

Trading – the early years
I was introduced to trading in the 80s as a trainee accountant supporting the guys on the Shell trading floors….. Nothing full time or serious and I never found my true groove until the early 2000s when I discovered forex and, more specifically, using ‘Strengthmeter’ analysis to look at the forex market. There was nothing around on this subject in those days – just some basic indicators on the MetaTrader home site and a handful of programmers/traders playing with open source generic MT4 indicators. I created my own ‘FXCorrelator’, using various pieces of information. Yes, the FXCorrelator is my Frankenstein monster and I have never looked back: I’ve been a Strengthmeter nut ever since!

Trading now
Fourteen years on, I have met many great mentors, programmers and traders that have all helped me on my path….. too many to mention but they know who they are – thanks guys!

I trade (still part time) across all timeframes – and still use my original FXCorrelator (alongside hundreds of derivatives I’ve developed over the years). I still work full time so, sadly, I don’t put in the hours I really need to in order to become a pro – perhaps one day!

Future plans
I have absolutely no idea! I will go with the flow and see where the trading path takes me. I believe that flexibility is key in this game, so don’t get into a rut or groove in mindset, especially if you are not making consistent money. Adapt, change and experiment to progress (as in life). I doubt if I will ever leave the forex Strengthmeter arena though, as it’s in my trading DNA these days and as natural to me as breathing.

Tips to pass on
Spend time (years) researching, experimenting and learning all you can about trading before you decide to specialize. You cannot make rational decisions unless you have been around the block a bit. I cannot emphasize strongly enough how you have to walk this long path to arrive back at the same place – but then as a different person and ready to become a good trader.Don’t pay out fortunes to find the Holy Grail during this time – it’s not there and, even if it was, you would not be experienced enough to spot it anyway! Don’t beat yourself up too much when you splash the cash on worthless training and courses – we’ve all done it – just keep the costs to a reasonable level so you can stay in the game.

Once you have been around the block a few times you will realize that most of the standard methodologies all signal the same moves at pretty much the same time. The key to making this pay over the long term is to perfect your execution of the approach you use. Execution is all – ask any pro in any business or sport.

Take responsibility for yourself and any others that rely on you….. do not trade if this ever puts you and their financial livelihood/living standards at risk. Trading is a choice for people with the money to lose on it without suffering any significant financial hardships. If you can’t afford to do it then don’t do it – please!

Be realistic on your trading goals and profitability expectations – don’t believe the hype – trading is hard and only the best and most dedicated make money (see all my earlier comments on the path).

Don’t make trading your life. It’s just part of the big puzzle, so get out there and spend time with family and friends as we won’t all be here forever!

Finally . . .

if you want to discuss Strengthmeters, I am always reachable at FXcorrelator@gmail.com or post to my threads here on T2W (links below), and I will be happy to respond.

Correlation Trading – Basic Ideas and Strategies

Forex strengthmeters – the basics Fxcorrelator_goldmeter

Neil (NVP)

NVP is an active member of the Trade2Win community

#2
Enjoyed reading this article. Down to earth and honest. I do wonder NVP if you ever consider your mother's advice, though well intentioned I'm sure, may have taken you off your track?

With such a solid start to your early education in wholesale risk diversification and subsequent draw to part-time retail trading, I can't help feeling your life trajectory would have easily, if not more easily, bent you toward a career as a professional trader.

The life choice decision between a career that pays the bills and one that (potentially) buys the yacht is precisely the same struggle involved in making the decision on levels of risk and expectation of reward. It's rarely easy.
 
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12WBT

Established member
656 104
#3
Good read Neil, thanks for sharing.
Got to agree with Absolute Zero, amazed you are not a full time trader.
Seems like you have the pedigree for it.
 

NVP

Legendary member
36,150 1,760
#4
thanks for the comments .................yes I could have become a trader at shell and have some very wealthy friends that still rib me about it .........such is life ...............you play the cards as they fall

N
 

alan5616

Established member
656 40
#5
NVP is one of the most unselfish, and knowledgeable, people ever to grace T2W. If there is such a thing as an altruistic trading guru, he is it
 

NVP

Legendary member
36,150 1,760
#6
NVP is one of the most unselfish, and knowledgeable, people ever to grace T2W. If there is such a thing as an altruistic trading guru, he is it
Alan (y)

are you still trading or now 24/7 on the golf course :LOL:

good to hear from you buddy

N
 

Forexmospherian

Legendary member
39,928 3,299
#7
Hi N

Glad you had a good break in the States and like the write up - and the picture - you look younger than I thought - showing what an easy life you have had ;-)

Looking forward to sharing some scalping time with you over the next week or so - when ever you have a few hrs or so - on either thread I don't mind and then we can check out how our scalp methods compare etc

All the best

Regards

F
 

NVP

Legendary member
36,150 1,760
#8
Hi N

Glad you had a good break in the States and like the write up - and the picture - you look younger than I thought - showing what an easy life you have had ;-)

Looking forward to sharing some scalping time with you over the next week or so - when ever you have a few hrs or so - on either thread I don't mind and then we can check out how our scalp methods compare etc

All the best

Regards

F
thanks F ..........I put my youthful looks down to the following

early nights
no drink
no women
plenty of cold baths
exercise 3 hours a day
don't eat junk food

by mainly avoiding these its amazing how young you can feel :LOL:

N
 

neil

Legendary member
5,167 744
#9
thanks F ..........I put my youthful looks down to the following

early nights
no drink
no women
plenty of cold baths
exercise 3 hours a day
don't eat junk food

by mainly avoiding these its amazing how young you can feel :LOL:

N
Look out ! Low flying pigs :LOL:
 

sun11

Experienced member
1,474 337
#10
Hi NVP,

Just saw your interview. Thanks for sharing.
I like your tips. Very honest & inspiring always..

Regards
S.
 

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