Longjun showed excellent account and risk management skills in June 2021 and got a $1,000 prize!
Read Longjun'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 30 years.
How did you get involved in Forex trading?
I started dealing with Forex trading because my job requests me to do foreign exchange hedging to manage currency exposure risk at work.
What is your trading style?
Steady and radical, which depends on the market situation and my risk management.
Do you practice risk management?
Yes. I generally stop placing new orders if the predetermined value is exceeded.
What are some good habits smart traders develop?
Smart traders should try to maintain their sanity no matter what happened in market.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
I tried to not take profit too early when market trend was still upgoing. Although I did not catch the highest price, the market price went down a bit, so the trading risks were less, and I got more profit. With this strategy, I earned a lot in CHFUSD trading.
What advice would you give to new traders?
New trader needs to learn more trading technical analysis; the foreign exchange market is ever-changing, and basic trading principles are really important.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
It is best for traders to pay attention to news and try to control risks in advance.
What are the most important things you look for in a Forex broker?
The safety of deposits and efficiency of fund withdrawals.