Zhifeng showed excellent account and risk management skills in October 2020 and got a $1,000 prize!
Read Zhifeng'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 8 years.
How did you get involved in Forex trading?
I started trading because I was keen to learn about the mechanism of forex market, so I started learning and practising.
What is your trading style?
I generally clear the positions weekly, I also try to adjust my trading strategy based on the weekly return for each instrument.
Do you practice risk management?
Yes, risk management is really necesary in trading. Traders should consider the risks that they afford to take and then open their positions.
What are some good habits smart traders develop?
Try to practice risk management in advance. Do not be avaricious when trading.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
The first half year in 2020, I did short selling for non USD currencies and stock indices. The big fluctuations were impressive.
What advice would you give to new traders?
New traders should first choose a good brokder which has stable service and good reputation, like Tickmill. Traders should also spend time to analyze market data.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
This month will be the month for the US election, hence it is necessary to prepare your strategies for all possible scenarios.
What are the most important things you look for in a Forex broker?
I like Tickmill for the safe and efficient payment environment it provides and its low spreads.