Trader of the Month

Jinyan showed excellent account and risk management skills in May 2017 and got a $1,000 prize!

Read Jinyan’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 two years.

How did you get involved in Forex trading?

I got involved in FX trading through my friend.

What is your trading style?

I usually use two strategies - short and middle term trading.

Do you practice risk management?

Yes, the risk management is necessary for every trader.

What are some good habits smart traders develop?

I think the best approach is to trade less and observe more. Placing many trades doesn´t always mean that you will get a lot of profit. Only the smart trades count, especially if you set a stop loss.

Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)

I can´t think of one specific trade that has defined my “trading career”. For me, the most successful trades are the ones I manage to catch at the bottom or on the top.

What advice would you give to new traders?

I think it would be along the lines of what I said about smart traders – observe more and trade less. Be smart about your trades and follow your trading strategy through.

Considering the current state of the market, what do you think are the news/events traders should keep an eye on?

There is news out every day, so it is hard to talk about the most important thing. I would suggest people to trade, as they do, but just always set a stop loss.

What are the most important things you look for in a Forex broker?

Secure funds, live support, and withdrawal speed – all that Tickmill provides.