Almost 900 items and 29 thousand USD profit in a month [Forex Competition]

Forex competition - Trader of the month - May 2020

Just a month was enough for a trader named Lijun to earn $ 29, while carrying out as many as 000 transactions. Consistent implementation of the assumptions of the chosen strategy resulted in over 869% rate of return. How did he trade? "Trader of the month May 2020"? About it below.

Congratulations to the winners!

Check it out: Trader of the month with a dizzying rate of return close to 2500%

Currencies, currencies, currencies

Lijun chose only the most popular currencies as its target. 100% of transactions concerned three pairs: EUR / USD, GBP / USD and USD / JPY. Consistent compliance with the rules paid off. The effectiveness was 77%, however, this is probably the result of notorious lack of use of orders Stop Loss (less than 50% of transactions; meanwhile, Take Profit was set almost always) and a short "life" of the transaction.

The volume was selected quite precisely, however, you can see regular jumps in the value of the lot per transaction - this translated into both an increase in the scale of risk and profit per transaction. Is this the effect of entry level averaging? Probably yes. Halfway through the month, the equity curve reveals the true scale of the risk involved in a trip. The closing of a series of losing positions led to a reduction in profit from $ 26 to just $ 000. Ultimately, the lack of modifications to the system meant that we managed to make up for the lost profits from May 5 to the end of the month.

Lijun Capital Curve - May 2020

Transaction history in numbers:

• Profit: 29 015,78 $
• Return: Present in several = 63,05%
• Total number of transactions: 869
• Profitable transactions: Present in several = 77,56%

Trader Transaction History (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading for 2 years.

How did your adventure with Forex trading begin?

I started trading in stocks and then moved to the Forex market after a friend introduced me to the currency market.

What is your trading style?

Pay more attention to the index and follow market trends.

Do you have any risk management policies?

Yes, when the loss in open positions reaches 35%, I refrain from opening a new position.

What good habits should investors be fooled about?

The investor must be calm in various market situations and should try to determine the optimal profit point and stop loss point.

Describe your best / most-remembered transaction (How much did you earn? What strategy did you use? On which pair?)

One of the trading pairs is USD / JPY as I have more knowledge and experience on that pair. The second pair is the GBP / USD pair. The market was not stable at that time, so I opened small positions and managed to make a lot of money.

What advice would you give to novice investors?

Trade on Forex market is not a gamble. You need to think logically and analyze the market.

Considering the current market situation, what do you think data / investors should pay attention to?

Since the market is currently unstable, it would be wise for investors not to enter highly volatile markets.

What is the most important thing you expect from a Broker?

I like Tickmill, because my funds are quite secure with this broker, also the processing of deposits and withdrawals is quite fast and accurate.

Forex "Trader of the month" competition

The winner of the competition is chosen by Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Factors such as earned profit, position management, risk and trading skills are taken into account. There is also one more necessary condition - interviewing the broker and consent to make the account history public. Only then does the prize of $ 1 go to the trader's investment account.

The principles introduced are aimed not only at showing that you can make money on the Forex market, but also consciously educate and encourage sharing experience with other traders.