Lujun showed excellent account and risk management skills in February 2023 and got a $1,000 prize!
Read Lujun's interview and see his account statement – to make your own success story
How long have you been trading?
I have been trading forex for 5 years.
How did you get involved in Forex trading?
I was involved in Forex trading through a friend's recommendation. Before the forex markets, I had experience in stock investment and financial management.
What is your trading style?
My trading style is a trend-following strategy. In technical, it will vary according to market conditions. In short, it just follows the big trend and then looks for an entry point.
Do you practice risk management?
Yes, I take risk management but I’m not doing well enough in risk management.
What are some good habits smart traders develop?
I think smart traders should trade the instruments that they are familiar with, not take risks on uncertain trends, and never make money outside their cognition.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
My most memorable trade was when USDJPY fell from a high-level last year. So, I shorted USDJPY and other yen pairs at very high levels. I earned a lot of money during that time.
What advice would you give to new traders?
For newbies in Forex, my suggestion is to practice through a demo account and then trade with a live account after they become proficient.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
I think it’s important to pay attention to major news events and predict their impact on the market.
What are the most important things you look for in a Forex broker?
To me, the most important thing is funds safety, fast trading speed, quick deposits and withdrawals, and lower costs.