Cihan showed excellent account and risk management skills in September 2022 and got a $1,000 prize!
Read Cihan's interview and see his account statement – to make your own success story
How long have you been trading?
5 Years.
How did you get involved in Forex trading?
I joined the Forex market to buy oil when oil price was falling.
What is your trading style?
My trading style has two types, short term trades that I do daily basis and medium-term trades.
Do you practice risk management?
I definitely apply risk management. Wherever I need to stop, I'll stop. I do not give any room to emotions easily.
What are some good habits smart traders develop?
The best habit I have developed has been patience and apathy in Forex markets.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?
It was a stock market selling (short) position. I couldn't remember how much profit I made right now. My strategy was to make sure I was in the right direction.
What advice would you give to new traders?
My first advice to new investors is that they do not make the mistake of buying an instrument too low or selling when price increased. There is always the worst in the markets.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
To deal with the events in the market, what I can say to the investors is that, they should not open too many news-oriented transactions. The news has already been bought or sold in advance.
What are the most important things you look for in a Forex broker?
Good forex broker should be reliable, should have people to help with any issues, and should have no problems with withdrawals.