Jiahao showed excellent account and risk management skills in January 2019 and got a $1,000 prize!
Read Jiahao's interview and see his account statement-
to make your own success story
How long have you been trading?
I have been trading Forex for 2 years.
How did you get involved in Forex trading?
I got involved because the Forex market is open 24/5 which offers the opportunity to open both long and short positions. High market liquidity, high leverage trading can improve the use of funds and other advantages in the CFD trading.
What is your trading style?
My favourite strategy is scalping.
Do you practice risk management?
Yes, risk management should be a standard practice for all Forex traders.
What are some good habits smart traders develop?
The good habit of smart traders is to know how to accept losses (respect stop loss) in a timely manner, even if it is difficult. Always remember this quote: Where there is life, there is hope.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
My favourite pair is EUR/USD, because it matches my scalping strategy, normally I can earn 50 pips on each position. Sometimes I use Martingale strategy.
What advice would you give to new traders?
It is recommended to practice with demo account, test and find your own strategy, and then apply it to live trading.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
News events can cause violent price fluctuations, which means potential large profits and large losses, markets can be very unstable, so it is better to avoid trading during news events.
What are the most important things you look for in a Forex broker?
The reason why I chose Tickmill:
- Strong regulation and funds security
- Trading environment and server stability are suitable for my trading strategy
- Convenient deposit/withdrawal options
- Kind customer service