Dedah showed excellent account and risk management skills in September 2015 and got the prize $1,000!
Read Dedah’s interview and see his account statement to make your own success story
For how long have you been trading?
I have been trading Forex more than 5 years.
What instruments do you prefer to trade and why?
I prefer to trade EUR/USD because it’s very volatile pair and suits with my strategy.
What schedule (trading hours) do you have for your trading?
I am trading during all sessions: Asian, European and U.S. session.
Did you receive personal training from other traders or did you mainly educate yourself on your own?
I have been learning from another Trader. I am also participating in different Forex communities.
What do you consider the best type of education for a trader?
I think the most important thing is experience. I would like to stress that there are many misconceptions about Forex trading. For example: “Trading is a way to get rich quickly” – It’s possible earn profit but it’s not going to happen overnight. “Trading is gambling” – Trading is not gambling if you have a strategy and you are following it by managing risks correctly. “Trading part time is easy” – My opinion is that trading should be taken as full time job.
Do you create your own strategies or use the ones that already exist? Can you briefly describe your strategy?
I have developed my own strategy, I am using different indicators.
What is the most important quality a trader should have?
In my opinion trader should have a predetermined goal. Trader should be able to keep emotions under control.
How do you deal with losses, does it have an emotional impact on you?
If you are trading then losses occur. Because of good risk management I am able to keep my emotions under control.
Are you satisfied with our service and is there anything we can improve?
I am really satisfied with your services. I hope that soon you will get a stronger regulation.