Understanding Price Movement With Fausto Pugliese by Jayanthi Gopalakrishnan
Fausto Pugliese is the CEO of Cyber Trading University, which he founded in 1995. Pugliese began his career on Wall Street as a stockbroker and was one of the first independent traders to take advantage of the Direct Access Trading technology boom that started in 1987. Cyber Trading University offers both onsite and online trading courses with stocks, forex, and options programs. Pugliese is the author of How To Beat Market Makers At Their Own Game: Uncovering The Mysteries Of Level II.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Fausto Pugliese on December 7, 2015 about why education is important if you want to become a successful trader.
Fausto, tell us a little bit about yourself and how you got started in trading.
I’m one of the originals of what they call “SOES bandits.” I started in 1995. I was like 22 years old and lived in New York. I was trained by the best traders in the world. Before I was a trader, my sister and I were brokers. We didn’t like it, and we quit. But we found out that the people who made the most money were in the trading business...