Efficiency of 98% and 65 USD Profit In November [Forex Competition]

Forex - Trader of the month competition - November 2020

Nearly PLN 1,5 million on the account, 60 transactions, efficiency close to 100% and nearly 65 thousand. USD profit in a month. This is the result achieved by Manal, which was selected as "Trader of the Month" in the November edition of the competition Tickmill. How did he do it? About it below.

Congratulations to the winners!

Check it out: 850 transactions and 81 thousand. USD profit [Trader of the month October 2020]

98,33% profitable transactions

Shockingly high efficiency (close to 100%) resulted in a profit of "only" 20% on the account of a trader named Manal. This is a relatively weak result in percentage terms, compared to the results from previous months. However, if we look at the amount parameters, it looks much, much more effective. Manal started November with a deposit of 330. USD and earned less than 65 thousand in a month. USD. During that time, he made a total of 60 trades - all in currencies, mostly pairs with the British pound, betting mainly on its weakening.

Risk taken? It seems rather small, even though virtually no position had an order set stop loss (half of them had a defined take profit). Manal operated mainly with equal volumes - from 0.5 lots to 15.0 lots per trade. Transactions lasted a maximum of several days, but usually no longer than 24 hours. Out of the entire list, practically 100% were closed for profit, but in one case the commission cost exceeded the profit value, which "lowered" the effectiveness.

Manal capital curve. Forex competition "Trader of The Month" - November 2020.

Transaction history in numbers:

• Profit: 64 895,07 $
• Return: 19,74%
• Total number of transactions: 60
• Profitable transactions: 98,33%

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading for almost 4 years.

How did your adventure with Forex trading begin?

My friend introduced me to trading.

What is your trading style?

I rely on capital management and I only enter into thought-out and calculated transactions.

Do you have any risk management policies?

Of course, risk management is essential to keeping an accurate account.

What good habits should investors be fooled about?

Selecting areas to enter the stock exchange.

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

Honestly, I don't remember, but I believe that was on GBPUSD.

What advice would you give to novice investors?

Learn to trade by watching YouTube videos and then start trading by opening a demo account. Apply a successful strategy and don't change it.

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

My trading strategy is not based on data / news and I don't want to be affected by it.

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

Fast withdrawals and deposits, but also low spreads.

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.