Mr. Geir Larsen is among the winners in the Forex Masters contest for a second consecutive month. He climbed into the second place for the month of September, with a percentage gain of 63.88%. More information about Mr. Larsen you can find in his profile for the month of August.

  Your percentage gain in September was lower than your results in August, and nevertheless you climbed from the forth to the second position in the Forex Masters ranking. What do you think is the reason for the drastically lower results of all competitors in September in comparison with previous months?

  My guess I had no crosses in AUD & NZD before the big drop, which resulted from the sub-prime loans data in USA.
  Probably the other s didn’t climb up could because they had crosses in AUD & NZD ...

  Which analysis you use more often - technical or fundamental? Which are your “favorite” indicators? Which economic indicators do you rely most on when making your trade decisions?

  Mainly I use charting looking for low and high levels over many months and years.

  Last month you told us, that the exchange rate drops are a big stimulus for your trade decisions. There was a rally of the EUR against the USD in September, but you didn’t take advantage of it. Is there a particular reason behind your “containment”?

  The drop in NZD was around 20%, I chose to buy NZD, because my experience tells me that if there is a big drop in such a short period of time, there is a big chance that it will recover soon.
  EUR and USD in my eyes are too risky right now, but it could be a great time to sell EUR if USD recovers, but the economic conditions in USA are too uncertain right now.
  If I shall open a position now, I will open a position in CAD, because this currency is extreme right now ...

  Your order history leaves the impression that you are trading with the New Zealand dollar and the South African rand very actively. The New Zealand central bank and the South African central bank have high interest rates. Do you define yourself as a “carry trader”?

  I have only traded NZD only during the last month, but I trade ZAR because it’s fun, it’s a wild life and high interest rates, and I have earned a lot on this cross.
  Carry-trading ... yes and no ... I am a long term player and I mainly buy crosses with positive interest, but my main landmarks are the big drops and high levels.

  Do you keep an eye on the central banks behavior? Do the often interventions of the New Zealand central bank disturb you?

  Very little, but I try to look upon the economy outlook of important countries.

  Do you use a certain strategy when you open a position or do you take into account only the current market situation?

  My strategy is to buy small amounts, and if the exchange rate falls further I would buy more, and on the way up I would sell.

  Once again you are among the contest winners. Do you think that your experience in Forex trading is the main factor for your great results? Do you have any good recommendations for currency trading to give to our Forex beginners?

  I have traded for 4 years now and have a gain around 200%, (and I have made plenty of expensive faults the first years), and yes - experience is important, but also analytic mind and luck.
  My advice is: Do not be greedy and do not take higher risk than you can live with!