Corvin Codirla is an experienced forex trader with a track record of over 30 years. Here is a profile of him along with his reliable forex investment strategy:
Profile of Corvin Codirla
- A graduate of the University of Cambridge with a B.A., Master's in Mathematics, and a Ph.D. in Physics.
- Formerly served as the Head of FX Options Strategy at Barclays Capital.
- Experienced in forex and futures trading at Peloton Partners, managing a portfolio worth $100 million.
- Developed Intraday strategies for High-Frequency Trading at Deutsche Bank.
- Founder of CCFX, a Hedge Fund managing assets worth $50 million and was awarded the Top 10 Award by BarclayHedge in 2015.
With his impressive experience and achievements, Corvin Codirla has chosen forex as his long-term investment instrument.
Why Choose Forex as an Investment Asset?
- Corvin Codirla considers forex price trends to be relatively slow, making it suitable for long-term investment.
- Forex offers the highest Return on Investment (ROI) compared to other investments.
- A relatively small capital is sufficient to start investing in forex.
- High liquidity in the forex market allows for quick trade execution.
- Traders can easily determine their own time and investment size.
Forex Investment Strategy According to Corvin Codirla
- Understand the Basics of Forex Trading: Before diving into forex investment, it's crucial to understand the fundamentals of foreign exchange trading, including selecting the right currency pairs, factors driving prices, and associated risks.
- Understand Forex Market Conditions: Market participants in forex range from governments to retail traders. Understanding your position in the forex market hierarchy is crucial, as well as paying attention to different trading sessions.
- Use Position Trading Strategy: Corvin Codirla employs the Position Trading strategy, which is a long-term strategy. In this strategy, traders hold positions for several weeks or even months. In-depth analysis of fundamental factors is the primary focus.
- Follow Trend Changes with Trend Following Method: Corvin tends to follow trend changes on larger time frames using the Trend Following method. Trend analysis involves technical indicators such as Moving Average, MACD, RSI, or Stochastic Oscillator.
- Evaluate Trading Quality: Regularly evaluate the quality of your trading by measuring parameters such as Win Rate, Average Win and Loss, Expectancy, Number of Trades, and Profitability.
- Use Automated Trading Strategies If Necessary: If needed, you can utilize automated trading strategies such as Mirror Trading, Copy Trading, or Social Trading to follow the footsteps of experienced traders.
With a combination of strong fundamental knowledge, understanding of the forex market, and the use of appropriate strategies, Corvin Codirla has successfully achieved success in forex investment for over three decades.