Lahcen showed excellent account and risk management skills in March 2018 and got a €1,000 prize!
Lahcen's interview and see his account statement -to make your own success story
How long have you been trading?
I have been trading for 5 years.
How did you get involved in Forex trading?
I accidentally read about it online.
What is your trading style?
My trading style is based mainly on my experience. I check the most important currency pairs to feel the market strength. My trades are short-term; usually, I keep my positions for 2-3 days.
Do you practice risk management?
Yes, risk management is very important to be profitable.
What are some good habits smart traders develop?
I think it's important to have the right mentality and make strategic decisions. We must hold our positions if we consider the direction to be correct.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
My strategy is mainly scalping and following the trend.
I trade mostly EUR/USD, GBP/USD, USD/JPY and USD/CHF.
What advice would you give to new traders?
Continuous reading and learning, patience, practice on a demo account, and then start real trading with small amounts at the beginning to gain confidence in the real market environment.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Do not be greedy during news announcements. Realise profits at the right time.
What are the most important things you look for in a Forex broker?
Strong regulation, transparency, honesty, responsive and helpful customer service, low spreads, fast deposits and smooth withdrawals, as well as fair prices and fast execution.