“With the free margin I won in June, I made 10.000 Euros in a month”

The name of Jérôme Nuzzi might not ring a bell. Indeed, it was under the pseudonym forex65 that was hidden the big winner of the 2009/2010 edition of the Championship of France of foreign currency. With a total gain of 19.18%, he crushed the competition, leaving his nearest rival nearly 5 points.
What s the secret of this young thirty year old man? Although he is from the midi-Pyrenées, a few kilometers away from Lourdes, he guarantees never going to light a candle before the Virgin Mary. He prefers to rely on technical analysis. His strategy: stick to the base. “I only use 3 indicators usually: MACD, moving averages and RSI. By restricting myself to these parameters, I avoid getting lost in complex and lengthy and often non effective analysis…”.

Self learner, Jerome also owes his success to years of training. “When I started, I was wrong once or twice on ten, these trades made me lose big every time. Over time, I have progressed in terms of” money management “by putting my smarter stop loss and not hesitating to change my ways when it was not going in the right direction “.

Very busy with his work, this sales manager did not have much time to devote to the championship. One solution: to trade … on awakening. “Take my positions on the Forex is usually the first thing I do in the morning. Even before breakfast …. During the day, he still takes time to throw a few glances at the market with his smartphone, and fixes it if some trades appear to be heading the wrong way.

If he participates in this competition for the past three years it took till 2009/2010 for his talent to appear to the participants … as well as to himself. “Finishing the first round of October has been a click. I said to myself: why not target the general ranking.” Despite a soft shot earlier this year, he was held on to it. “In April, I did not believe anymore”. Then, volatility helping, I realized sizeable gains the two following months (+12.8 and +7.2%, ie), which got me back on my feet.

Thanks to those performances, Jerome harvested a nice jackpot: 43.000 EUR Reserve Account. However, much has already been dusted. “I blew my first account, because I really did not take the exercise seriously. But since June, I am much more rigorous” he says. Supporting evidence: in one month, he collected 10,000 Euros in capital gains through the account of the € 8,000 he won in June.

Interview made on the 05/08/2010 by Capital.fr (translated from French)