Lujun showed excellent account and risk management skills in February 2022 and got a $1,000 prize!
Read Lujun's interview and see his account statement – to make your own success story
How long have you been trading?
It has been almost three years since I started doing foreign trading.
How did you get involved in Forex trading?
I have been engaged in stock trading for many years, and then got involved in foreign exchange trading through the introduction of friends.
What is your trading style?
My trading style is a bit more aggressive.
Do you practice risk management?
Yes, there is a certain risk management method and I always remind myself to pay attention to risk control when I am trading.
What are some good habits smart traders develop?
I always try to analyze the market and wait for the right opportunity when I’m trading. If you are not sure about your analysis or the market situation, then it is better to wait rather than taking too much risk.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
When I first started trading, I did not have enough knowledge for market analysis and risk control, so even I got into a negative balance when I traded XAUUSD.
What advice would you give to new traders?
New traders may use the demo account to practice their trading skills first. Then, when there is enough experience, the new trader can can consider entering into the real market.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
The big news or events may suddenly or significantly change the market situation. Therefore, traders should try to ensure risk management is at the top of their priorities list and avoid the trades which are against the market.
What are the most important things you look for in a Forex broker?
The safety of funds and low spreads in trading.