5500% in a month. The Impressive Result of the Month Trader of September [Tickmill Competition]

We met two investors who were selected as the best in September in the "Trader of the Month" competition. The first of them, nicknamed Yiufung, achieved a profit of as much as USD 55 with a return rate of 800%, while the second - Chee - earned much less in terms of money, because "only" USD 111, however, twisted an incredible rate of return reaching a result of 9%!

A brilliant efficiency guaranteeing success

376 transactions a month and the effectiveness over 86%. This means that as many as 323 transactions resulted in a profit on Chee's account. When analyzing the transaction history, you can see the consistency and well-thought-out behavior of the trader. The number of transactions and their duration (very often 1-2 seconds) suggest that we are dealing with an automatic scalping strategy, which was confirmed by the winner himself in an interview for Tickmill. There were only two major currency pairs - EUR / USD and GBP / USD - and only between 9am and 22pm (no overnight trading).

The capital curve of Chee trader

The account statement shows rational capital management. At the beginning, the trader started trading with a small volume, which increased with the growing deposit. After the first successful week of trading, a payment was made to protect the initial deposit from loss.

Transaction history in numbers:

• Profit: $ 9563,15
• Return: 5562,23%
• Total number of transactions: 376
• Profitable transactions: 86,17%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been actively trading since 5 for years.

How did your adventure with Forex trading begin?

The first Forex platform was shown to me by my friend - that's when it all began.

What is your trading style?

I prefer scalping.

Do you have any risk management policies?

Yes, capital management is one of the most important things in my trade and determines the ultimate success.

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

I do not have such ones yet but I only trade on EUR / USD and GBP / USD.

What advice would you give to novice investors?

You must be patient and wait for your chance.

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

Above all, I try to follow the actions of central banks.

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

Fast and reliable execution of orders, no manipulation of spreads.