Meydan and Co.

I am former financial consultant turned trader in 2003.

2.    Who is your target audience?
I give consulting services for funds and personal clients. I have an Australian and Turkish background and have clients from the UK, Australia, USA, France and Turkey.

3.    Is the main focus of your business online or offline?
I am online and off line as I travel also to give courses and seminars live and online. My consulting work is mostly online and I am one of few traders in the world that give live market trade analysis during London and NY morning sessions to clients.

4.    Why should traders choose yourself over another broker?
My clients choose me for 2 reasons, one is I take them in to the market, and trade with them live, analysing entry and exits and stop loss levels live in the market and we actually take trades. Secondly I give analysis every morning for one or two currencies and follow them up with live analysis. So my services not only give people the opportunity to get help in terms of just recommendations but they can join me live in the market.

5.    What advice do you have for someone who is just starting to trade the forex market?
I recommend everyone to get some education. To be knowledgeable about the market is a must. I remember when I entered the market, the first thing I did was to get education. Its a must. Most people like to jump in and trade but they often find its not what they thought it would be. [Learn to trade - Learn a trade] is my company’s slogan and I stick to it like glue and treat trading as a profession. 

6.    How different is the forex market today from what it was 2 years ago?
Its the volatility. The economic crisis has given the market fast and long moves which we have all seen turn in to steady profits. With interest rates as low as they are and the stock markets instability forex has become the star.
   
7.    Do you also offer Fund management services?
Yes we do. We provide consulting for funds and if clients wish to join our low risk stable fund we are able to assist them. Our returns are stable with low draw downs and returns of 30% approximately annually.

8.    Who are the main competitors of your firm in the online forex market?
With so many forex sites and gurus around I honestly dont follow what is going on out there in terms of competition. I have a group of clients who are serious about trading and want to trade with decent technical analysis and money management. My best advertising has been word of mouth from the beginning. Nearly all my clients are associated some how or know each other and have recommended me to their clients.

9.    What do you think about Forex scam problems in the online forex brokers market?
Thats always going to be a problem when businesses are now online. I would recommend brokers who are regulated. I only work with regulated brokers.

10.    Where do you see yourself in 2 years from now?
I always saw myself as working 4 hours a day and enjoying the rest of the day with things I enjoy doing. This is one of the advantages of this industry. In 2 years time I dont see my company growing too much, simply because growth doesnt necessarily bring any benefit. I have achieved a nice niche with clients who appreciate the service and the consistency. I would like to keep it that way.