Lijun showed excellent account and risk management skills in May 2020 and got a $1,000 prize!
Read Lijun'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 with stock trading and then moved to Forex trading following a friend introduced me to the foreign exchange market.
What is your trading style?
Pay more attention to the index and follow the trends of the market.
Do you practice risk management?
Yes, when the floating loss reaches 35%, I refrain from opening a new position.
What are some good habits smart traders develop?
A trader needs to be calm in different market situations, and should try to set an optimal take-profit point and stop-loss point.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
One of the trading pairs is the USD/JPY because I have more knowledge and experience in this pair. The other pair is the GBP/USD. At that time, market was not stable, so I opened small positions and managed to earn big profits.
What advice would you give to new traders?
Forex trading is not gambling. One needs to think and analyse the market in a logical way.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Because the market is not stable right now, it would be wise for traders to avoid enterng markets that have big volatility.
What are the most important things you look for in a Forex broker?
I like Tickmill because my funds are quite safe with this broker, also deposit and withdrawal processing is quite fast and accurate.