Trader of the Month with a profit of around 36 000 $ and over 4500 transactions [Tickmill Competition]

Trader of the month - February 2018

In a competition organized by a British broker Tickmill the best trader was chosen for the month of February. The leader was Wei, a trader with 12 summer experience, who in the shortest month of the year carried out over 4500 transactions! It achieved efficacy below 50%, but this did not prevent him from earning almost 36 000 USD. Congratulations!

How trader traded the month? About this below. We also encourage you to have an extensive interview for Tickmill.

4535 transactions in 20 trading days

Statistically, XiMX trades on Wei trading per day. This is an amazing number that suggests that we were dealing with an automatic strategy. The trader himself does not reveal much in the interview, but the history of the transaction looks very interesting.

The first half of the month did not look very good. Until 15 February, capital swaps in Wei's account reached -35 000 $. It was only from the second part of the month that he began to make up for the loss. Interestingly, only a few transactions on pairs with the British pound were responsible for going out on the straight line, whose profit fluctuated in the 14 000 USD area to the position (!). And it was they who made February an extremely successful month for Wei. The total rate of return exceeded 50% and gave 35 797 a pure profit.

On the trader's account of the month you can find two types of transactions - very short, only a few seconds, with a relatively low volume (mini lots, micro lots), and extremely speculative with a volume of 6 lots, which usually lasted from one to several days. There were definitely fewer items with a long flight, but this is what Wei owes his success.

All transactions were concluded on currency pairs and gold. The main currency pairs dominated (mainly GBP / USD, EUR / USD), but also cross-currency (AUD / JPY, EUR / GBP).

Wei Equity Curve - February 2018

Transaction history in numbers:

• Profit: 35,797.16 $
• Return: 56.82%
• Total number of transactions: 4535
• Profitable transactions: 47.61%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been dealing with forex since 12 for years.

How did your adventure with Forex trading begin?

I went from shares and futures on Forex (FX). It is worth mentioning that high leverage in currency trading allows me to deposit a smaller margin, which is an advantage that other derivatives do not have.

What is your trading style?

I am a rather restrained investor.

Do you have any risk management policies?

Yes, risk management is necessary.

What good habits should investors be fooled about?

Intelligent investors have strong risk management and control capabilities as well as a good commercial mentality.

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

The most unforgettable transaction was a gold transaction, on which I gained over 200.000 dollars from 10.000 dollars by capturing the largest growth wave in the trend.

What advice would you give to novice investors?

Control the ratio of profitable to lossy transactions and the level of loss in relation to capital.

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

I recommend paying attention to US data: NFP and FED minutes.

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

Fast payouts, low spreads, low fees and low swaps. Currently, the Tickmill swap is slightly higher.

competition rules

The winner of the competition is selected by the 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.