Wei showed excellent account and risk management skills in February 2019 and got a $1,000 prize!
Read Wei's interview and see his account statement-
to make your own success story
How long have you been trading?
I've been trading in the Forex Market (FX) for 12 years.
How did you get involved in Forex trading?
I shifted from stock and futures to Forex (FX). It's worth mentioning that the high leverage in FX trade allows me to deposit lesser margin, which is the advantage that other derivatives don't have.
What is your trading style?
I'm a moderate trader.
Do you practice risk management?
Yes, risk management is necessary.
What are some good habits smart traders develop?
Smart traders have strong ability of risk management and control as well as good trading mentality.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
The most memorable trade I made was a gold trade, in which I gained more than $200,000 with $10,000 by grasping the biggest rising wave in trend.
What advice would you give to new traders?
Control the win/loss ratio and drawdown ratio.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
I recommend looking at nonfarm payrolls and FED minutes.
What are the most important things you look for in a Forex broker?
Fast withdrawals, low spread, low fees, and low swap. At present, Tickmill has slightly higher swap.