Traders Story - Eric Grant PDF Print E-mail

Get to know your fellow traders: Kel Butcher speaks with aspiring full-time trader Eric Grant.

Originally from Fiji, Eric Grant now lives in the western suburbs of Sydney with his wife and three children. Working shifts as a steel maker with OneSteel allows Eric flexibility to pursue his goal of trading the share market with a view to that becoming his full-time business in the near future. Eric enjoys playing chess, reading, rugby union, and hanging out with his family.

How and when did you first become interested in the markets?
Life presents us with many challenges. Sometimes it is not until we are challenged that we take a step back and look at our lives to evaluate what is important and what we need to do. My challenge, and when I became interested in the markets, was after hurting my back at work. I now have two bulging discs and the realisation that I cannot work in the steel industry indefinitely. Many 45-year-olds in physically demanding jobs tend to look at the future and not be happy with what they see if they have no other plan than to keep doing what they have always done. I needed an alternative source of income to replace my wage, and following my injury I had the motivation to make it happen...

Excerpted from an article originally published in the Sep/Oct 2011 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2011, Your Media Edge Pty Ltd.
If you are a subscriber to YourTradingEdge magazine, you will receive this article in your
Sep/Oct 2011 issue of YTE. If you are not a subscriber, click here to subscribe, or to purchase this issue as a single back issue, click here.

 
More articles :

» I am retired and I lost $10,000 in trading last year. Can I claim this as a tax deduction?

Losses are sometimes unavoidable, particularly during volatile markets. Provided the non-commercial losses rules are satisfied, the Australian Taxation Office (ATO) allows traders to claim an immediate deduction for their trading losses and offset the losses against other taxable income, such as...

» I am now retired and have started trading FX from my home. I also own a small parcel of blue-chip shares – would I be classified as a trader or as an investor?

The distinction between traders and investors is significant for tax purposes, because they deal with gains and losses differently. In financial years when investments plummet, it is quite common for taxpayers to try to class themselves as traders. If an Australian Taxation Office (ATO) audit finds...

» 2012 MTA Symposium early registration opens

Early registration is open for the 2012 Annual Market Technicians Association Symposium!

» CMC Tracker transforms the CFD trading market

CMC Markets’ much anticipated CMC tracker platform is transforming the CFD trading market. It is a totally automated trading experience (no dealer intervention, no requotes) and has additional features such as adjustable leverage never before seen in the Australian trading market.

» Trading Tax Q&A - Jan/Feb 2012

Resident tax expert Adrian Raftery, aka ‘Mr Taxman’, answers readers’ most pressing trading tax questions.Q. Can I claim interest costs on money borrowed to buy shares that are now worthless? A. As with the tax rules for investment properties, if you borrow money to buy a share portfolio, you...

» Book Review - Jan/Feb 2012

YTE provides a roundup of the latest book titles to hit the shelves.Mastering Hurst Cycle AnalysisChristopher Grafton (178 pages, Harriman House, ISBN: 9780857191984)As well as investigating and explaining Hurt’s Cycle analysis, this book includes the use of Elliott Wave and RSI theories.JM Hurst...

Add comment


Security code
Refresh

Login

Login for greater access to YourTradingEdge
magazine online content:

Readership Survey

Traders and investors, here's your chance to participate in the 2012 YTE Readership Survey.
The purpose of this survey is to learn more about the YTE readership and how we can improve the magazine. Click here to take part.

Polls

Which financial products do you trade?
 

YTE Twitter

YTEmagazine: How to preserve trading capital, plus using copper to trade the AUD http://t.co/T8nJaP55
YTEmagazine: #Forex expert @mariosingh gives the important highlights of the Greece debt-deal talks $$ http://t.co/CPMaXuaH
YTEmagazine: Peter Mathers from @Tradinglounge shares his #Elliott Wave analysis of $USDCHF $$ http://t.co/SI5a5jIh
YTEmagazine: YTE UK 2012 Readership survey http://t.co/tsht4kBB

Trial YTE for Free

Trial YTE for Free Click Here

Internet Policy | Copyright Your Media Edge 2011 | Home | MarketSource | infostream | Make YTE my Homepage | Help | Site map

RocketTheme Joomla Templates