Shing showed excellent account and risk management skills in June 2019 and got a $1,000 prize!
Read Shing's interview and see his account statement-
to make your own success story
How long have you been trading?
I've been trading Forex for 3 years.
How did you get involved in Forex trading?
After browsing investing.com I started becoming more and more interested and started trading.
What is your trading style?
Middle and long-term trend following.
Do you practice risk management?
Yes, risk management is so important for effective management.
What are some good habits smart traders develop?
Cut your losses and let your profits run.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
My most memorable trade was on the GBP/USD, OTM option put, where I earnt 50,000 USD in profit.
What advice would you give to new traders?
Learn how to determine what trade size is right for you. Control lot size and don't use up all of your margin.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Pay attention to individual market trends whilst following the market news. The saying "let profits run" may not always be applicable.
What are the most important things you look for in a Forex broker?
- Trading costs e.g. Swaps, Spreads, etc.
- System stability