Wei showed excellent account and risk management skills in July 2020 and got a $1,000 prize!
Read Wei's interview and see his account statement - to make your own success story.
How long have you been trading?
I have been trading for almost 1 year.
How did you get involved in Forex trading?
I traded digital currency at the beginning, then I entered in to the Forex trading market.
What is your trading style?
I prefer intraday trading and trend trading.
Do you practice risk management?
Yes, it is necessary in Forex trading, especially need to consider position management and risk tolerance.
What are some good habits smart traders develop?
Try to keep calm in market fluctuations, find your own trading styles and analyze market to assess market situation.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
The most memorable trade is XAU/USD in March this year. The price change for gold was almost hundred dollars just in one day. I invested 500 USD, then just in one week the balance reached to 8000 USD. However, in the end, the account blew up because of fast price changes.
What advice would you give to new traders?
It is necessary for a new trader to have a good understanding of basic trading knowledge. It is good if they can learn from an experienced trader, but still need their own effort to learn how to invest and trade.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Traders should carefully analyze logics and reasons for market fluctuations, and follow market trends
What are the most important things you look for in a Forex broker?
I like Tickmill because it has fast customer support, safe payment environment, fast trading speed, and low spread.