Wei showed excellent account and risk management skills in July 2020 and got a $1,000 prize!
Read Wei's interview and see his account statement - to make your own success story.
How long have you been trading?
I have been trading for almost 1 year.
How did you get involved in Forex trading?
I traded digital currency at the beginning, then I entered in to the Forex trading market.
What is your trading style?
Iprefer intraday trading and trend trading.
Do you practice risk management?
Yes,it is necessary in Forex trading, especially need to consider positionmanagement and risk tolerance.
What are some good habits smart traders develop?
Tryto keep calm in market fluctuations,find your own trading styles and analyze market to assess market situation.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
Themost memorable trade is XAU/USD in March this year. The price change for goldwas almost hundred dollars just in one day. I invested 500 USD, then just inone week the balance reached to 8000 USD. However, in the end, the account blewup because of fast price changes.
What advice would you give to new traders?
Itis necessary for a new trader to have a good understanding of basic tradingknowledge. It is good if they can learn from an experienced trader, but stillneed their own effort to learn how to invest and trade.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Tradersshould carefully analyze logics and reasons for market fluctuations, and followmarket trends
What are the most important things you look for in a Forex broker?
Ilike Tickmill because it has fast customer support, safe payment environment, fasttrading speed, and low spread.