Lei showed excellent account and risk management skills in December 2020 and got a $1,000 prize!
Read Lei's interview and see his account statement – to make your own success story
How long have you been trading?
I have been trading for 5 years.
How did you get involved in Forex trading?
I personally got interested about trading.
What is your trading style?
I try to be patient and wait investment opportunities to come to me. Also I try to not set any fixed profit expections, and willing to face certain risks.
Do you practice risk management?
Yes, risk managemnt is necessary.
What are some good habits smart traders develop?
Pay attention to risk management and trade within the tolerance range.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
I only do the trading pairs which I am familiar with. I try to increase the position when the prediction of market is correct, and close position after the trend changes. The most memorable trade was on the USD/CHF pair, which led to a profit of about 50000 USD.
What advice would you give to new traders?
Take time to do market research and invest carefully.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Prepare a few more plans for the market situation.
What are the most important things you look for in a Forex broker?
I like Tickmill because of the fund safety, deposit and withdrawal efficiency, and low spreads it offers.