Vladimir showed excellent account and risk management skills in June 2017 and got a $1,000 prize!
Read Vladimir’s interview and see his account statement to make your own success story
How long have you been trading
I started trading in August 2015.
How did you get involved in Forex trading?
One of my friends once told me that it is impossible to earn money on trading the Forex market. After that I realised that I had to learn it.
What is your trading style?
My strategy is mainly based on technical analysis. Generally, I use my own EAs.
Do you practice risk management?
It depends on the account. In some accounts, I use very risky strategies and risk management. In some other accounts, I don’t.
What are some good habits smart traders develop?
I think that the first and most important thing is to understand risk. The markets are completely unpredictable and anyone who thinks that they are 100% predictable are wrong!
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
I haven’t had a memorable trade yet. My maximum profit was trading the GBP/USD pair. I managed to earn $150k on one trade.
What advice would you give to new traders?
The first and main thing is to learn how to trade Forex. Do not try to start earning big from the beginning. My recommendation is to take it step by step.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
News, because news "always" create volatility.
What are the most important things you look for in a Forex broker?
Fast and clear money in, fast withdrawals, speed of order execution, as well as website and Client Area functionality.