Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own.

His trading philosophy is "trading should be simple":

• Buy the dips;
• Short the rallies;
• Practice discipline;
• Be patient;
• Have a good money management plan;

"If you keep these things in mind, you will be OK!", Setyo says. "Simplicity is the key to becoming a successful forex trader - not complicated trading systems - which are not nearly as effective in forex trading."

Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

Sign up for Commentaries