Thi Huong showed excellent account and risk management skills in May 2018 and got a $1,000 prize!
Thi Huong's interview and see his account statement -to make your own success story
How long have you been trading?
I have more than 7 years of experience in Forex Trading.
How did you get involved in Forex trading?
I researched and learnt from the Internet.
What is your trading style?
I check the economic events of the day and daily look into Forex Editor & Analyst analyses before going for a trade.
Do you practice risk management?
Risk management is always a priority for me.
What are some good habits smart traders develop?
A smart trader should always create a trading plan and trade according to the plan. Trade with the trend and keep healthy.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
The trade that I will always keep close to my heart is a trade I placed on 23/05/2018, I opened a total of 5 sell orders with 8.3 lot EURUSD and managed to get profit of 11600 USD. My strategy was to follow the trend and was entered based on support and resistance levels.
What advice would you give to new traders?
My advice would be to oonly trade when you feel it's the right moment, and always set stop-losses for every trade.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
Traders should be careful with some big news/events of the month. Pay close attention to ForexFactory or other financial sites to find more information about the news/events.
What are the most important things you look for in a Forex broker?
The most important things for a broker is to have low spreads, fast funding and good promotion programs.