Trader of the Month - Over 800% profit in a month [Tickmill Competition]

Trader of the month - June 2018

Be warned - this trader's statistics are amazing! 🙂 Thi Zhi wins the next edition of the monthly Tickmill competition. As the main prize, he receives $ 1000 from a British broker. It's just that this is just an addition and the culmination of his hard work. In June, Zhi closed 5646 deals with a stunning success rate of 84,50%. This translated into a profit of $ 54. It could be said to be relatively small, but its starting capital was only $ 341. Congratulations!

Now let's get to the point - how did he do it?

5646 position on EUR / USD

Impressive consistency. All transactions made by Zhi concerned the EUR / USD pair. The transaction volume was also not particularly diverse. In the transaction history, we see only five values: 0.1 lot, 1 lot, 5 flights, 10 flights, 20 flights and 25 flights, where the least is the position with extremely large volumes. It can be said that this is an exaggerated risk, but all items are usually maintained for a few minutes at most. It is with a relatively small variability that the eurodollar gives the possibility of risk control, even at such a large exposure.

As a rule, transactions were closed on a small profit or a little more loss. With this ratio, high efficiency was needed to achieve profit. 4770 transactions from 5646 all contained ended with a profit. Such number of items suggests that we deal with automatic strategy. The volume itself also suggests that some form of averaging was used, which is widely considered to be very risky. But does not such a large rate of return in such a short time prove that this may be a strategy for regular earning in the Forex market?

Evaluate yourself. In the link below, we present the history of Zhi's transaction.

Zhi Capital Curve - May 2018

Transaction history in numbers:

• Profit: $ 54
• Return: 828.01%
• Total number of transactions: 5646
• Profitable transactions: 84.50%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been dealing in trade since 4 for years.

How did your adventure with Forex trading begin?

Before I started to invest in the Forex market, I traded on shares and futures.

What is your trading style?

Short-term swing trading. I rarely keep my positions overnight.

Do you have any risk management policies?

To survive in the Forex market, strict capital management principles are key.

What good habits should investors be fooled about?

Do not rush to occupy a position, always have a plan and wait patiently for the right moment.

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

My most memorable position was not positive. This transaction, which was engraved in my mind, is a transaction where I invested a high volume without risk control. The market taught me a valuable lesson and made me remember about risk control.

What advice would you give to novice investors?

Focus on one instrument and take the time to understand market fluctuations. This will allow you to better understand the market in the long-term, which in turn will help you create transaction systems that will be suitable for your trading style and risk management.

Considering the current market situation, do you think that traders trading in macro / news trading data should keep an eye on it?

There is too much uncertainty when giving economic messages. When it comes to technical analysis, erroneous assumptions can easily be made. Data trade is not suitable for technical analysis. If you decide to trade on news, you should not open too much.

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

Abilities to offer a wide range of products. At the same time, the broker must have strong facilities, be financially secure and able to handle large orders.

competition rules

The trader is selected by the Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Overall, i.e. the 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.