Zhi showed excellent account and risk management skills in June 2018 and got a $1,000 prize!
Read Zhi's interview and see his account statement -to make your own success story
How long have you been trading?
I've been trading Forex for 4 years.
How did you get involved in Forex trading?
Before trading Forex, I traded Stocks and Futures.
What is your trading style?
Short-term swing trading. I rarely hold a position overnight.
Do you practice risk management?
In order to survive in the Forex market, strict risk management is essential.
What are some good habits smart traders develop?
Do not rush to trade, plan your trading and wait patiently for trading opportunities.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
My most memorable trade is not a positive one. The one trade that has been engraved to my memory is losing a trade, where I heavily invested without risk control. The market taught me a profound lesson and made me keep risk control in mind.
What advice would you give to new traders?
You should focus on a single instrument and spend time to understand market fluctuations. This will allow you to get a better sense of the market in the long run, which in tun will help you create trading systems that are suitable for your style while practicing risk management.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
There are too many uncertainties in news events. In terms of technical analysis, it can be easy to make incorrect assumptions. Trading the News is not suitable for technical pattern analysis. If you decide to trade the news, you should not invest too much on a position.
What are the most important things you look for in a Forex broker?
Their ability to offer a comprehensive range of products, while they also need to be strong, financially secure, and be able to handle large volumes.