Hongjun showed excellent account and risk management skills in January 2020 and got a $1,000 prize!
Read Hongjun's interview and see his account statement - to make your own success story
How long have you been trading?
I have been trading for more than 2 years.
How did you get involved in Forex trading?
I started with Stock trading years ago, then I switched to Futures contracts and in the end I entered the Forex trading market.
What is your trading style?
I pay more attention to the fluctuation of the market; not the fundamentals level, but only to the price itself.
Do you practice risk management?
I did not feel risk management is very important at the beginning, but then I noticed I should practice and pay more attention on it.
What are some good habits smart traders develop?
Always follow the market trends and use stop loss in time.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
During Brexit last year I traded GBP/USD and managed to get good profit. The profit came from the correct prediction of the changes between GBP and USD.
What advice would you give to new traders?
New traders must pay attention to risk management.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Try to avoid holding open positions during weekend as there can be unexpected events due to increased volatility.
What are the most important things you look for in a Forex broker?
I like Tickmill because it has Safe funds protection, Low commissions, and Excellent customer support.