Jie showed excellent account and risk management skills in October 2019 and got a $1,000 prize!
Read Jie's interview and see his account statement - to make your own success story
How long have you been trading?
I have been trading for eight years.
How did you get involved in Forex trading?
I learned about the foreign exchange market (FX) from one of my friends.
What is your trading style?
My trading style is based on intraday short-term trading.
Do you practice risk management?
Risk management must be carried out. Stop loss should be used if the market is moving to a different direction than anticipated to control the open positions.
What are some good habits smart traders develop?
Smart traders should re-schedule in time, sum up whether the trading method is in line with the downside situation, and observe possible trading opportunities in the market, and make a good trading plan.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
The more memorable one is the 11.05 gold trade. I managed to earn profits more than 600 US dollars. In my opinion when Gold (XAU/USD) is on downtrend then it can be more profitable. It is easier to control positions and it is easier to estimate its turning point.
What advice would you give to new traders?
New traders should do their best, pay attention to screening themselves to grasp the larger market. It is better to miss the trade than to force the transaction.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
In the news event, the markets fluctuate, and it is important to remember to control the position.
What are the most important things you look for in a Forex broker?
Forex broker should have fast deposit and withdrawals. Broker should not have too many trading restrictions. I am also looking trading spread and trade execution.