Chao showed excellent account and risk management skills in February 2021 and got a $1,000 prize!
Read Chao's interview and see his account statement – to make your own success story
How long have you been trading?
I have been trading for 4 years.
How did you get involved in Forex trading?
I realised forex trading is really interesting, so I started learning more about it.
What is your trading style?
I am mainly interested in short-term trading.
Do you practice risk management?
Yes, risk management is really important.
What are some good habits smart traders develop?
Smart traders should be focused on analyzing when should place a Take-Profit or a Stop-Loss order.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
The price of GBP/USD reached to 1.42 recently, and I caught the moment by performing a short-term trade, which finally proved beneficial.
What advice would you give to new traders?
Try to learn how to take profit or stop loss in a smarter way.
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 an instrument for the short term, but traders should be careful to understand if the news is real or fake.
What are the most important things you look for in a Forex broker?
I like Tickmill because of the fund safety, and the stable platform it offers.