Trader of the Month

Philipp showed excellent account and risk management skills in January 2015 and got a $1,000 prize!

Read Philipp’s interview and see his account statement to make your own success story

For how long have you been trading?

I’ve been trading Forex for 7 years.

What instruments do you prefer to trade and why?

I use only basic indicators like MACD and RSI, otherwise I won’t be able to see a screen.

What schedule (trading hours) do you have for your trading?

I trade mostly during the opening of London and US sessions.

Did you receive personal training from other traders or did you mainly educate yourself on your own?

Everything comes only from my own experience.

What do you consider the best type of education for a trader?

Reading different forex-related forums is the best way.

Do you create your own strategies or use the ones that already exist? Can you briefly describe your strategy?

I use basic price-action patterns, trend lines, support/resistance levels and Japanese candles’ analysis. Trading shouldn’t be very complicated.

What is the most important quality a trader should have?

The most important is patience.

How do you deal with losses, does it have an emotional impact on you?

From my side I put stop losses, that’s why there is no any pressure, but stop loss should be set correctly. We really don’t know will the trend develop or not.

Are you satisfied with our service and is there anything we can improve?

I’d like to see even faster withdrawals.