Ahmed showed excellent account and risk management skills in August 2021 and got a $1,000 prize!
Read Ahmed's interview and see his account statement – to make your own success story
How long have you been trading?
I have been trading for 10 years.
How did you get involved in Forex trading?
I joined through a Facebook ad, and my beginning was like any other trader with a few experience, then I started reading, watching educational videos, and trying demo accounts, then depositing small amounts within the realm of possibility but I was always facing losses until I was able to create my own trading methods and with patience I reached this position today.
What is your trading style?
I don't have a single style of trading. I follow more than one trading styles, such as Support and Resistance, Price Action, and others; but I follow the market style, which is summarized in an appropriate management of capital while maintaining flexibility in dealing with the market.
Do you practice risk management?
Sometimes I practice risk management, like dividing the capital on multiple accounts and allocating the risks to them, and sometimes I don't.
What are some good habits smart traders develop?
One of my good habits is maintaining patience in winning as much as patience in losing. Defining specific entry and exit points is good but to be frank, sometimes risk is required.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
There are no restrictions on my strategy, but based on my experience, I choose my trades with vision and 30% based on some indicators such as Bollinger Bands and Moving Average, and I deal only with EUR/USD and GBP/USD pairs.
What advice would you give to new traders?
As for my advice to new traders, I would say try to keep away from risk, start with a small amount, set your goal to multiply that amount many times by using accumulated capital management, always protect your trades with stop loss.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
News and events generally influence the market and watch out for the market as it greatly depends on the element of surprise.
What are the most important things you look for in a Forex broker?
Some of the reasons I chose Tickmill as a broker is the excellent support, it also offers my favorite platform, fast withdrawal speed, ease of dealing with the website, and a lot more.