Dawei showed excellent account and risk management skills in June 2020 and got a $1,000 prize!
Read Dawei's interview and see his account statement - to make your own success story.
How long have you been trading?
I have been trading for 2 years.
How did you get involved in Forex trading?
I started trading by analyzing the trades from more experienced traders.
What is your trading style?
Practice risk management in advance, make a firm decision about when to enter in the market.
Do you practice risk management?
Yes, risk management is very important in Forex trading.
What are some good habits smart traders develop?
Try to control and evaluate the risks in advance.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
The most memorable trade is XAU/USD. I caught the moment when the XAUUSD price went down, and got tenfold profit in one night’s trading.
What advice would you give to new traders?
Forex trading always need to have risk management. Also, somtimes an indecisive trading style may lead to losing potential chances, so a trader needs to be confident when opening a position.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Trader needs to carefully analyze the market situation, try to clearly understand potential risks.
What are the most important things you look for in a Forex broker?
I like Tickmill because it has a good reputation, great customer service, also its server is really stable.