The Trader of the Month earned 120. dollars in January 2022 [Forex Competition]

Forex - Trader of the month competition - January 2021

Incredible result achieved in amazing style. This is how you can sum up in one sentence what the trader of the month did in January 2022. An investor named Shady achieved a staggering rate of return, which exceeded 4000% and thus earned him over $ 120. That's right - in one month. How did he do it? Learn the story of the trader from Egypt, who was selected as the Trader of the Month in the December edition of the competition Tickmill.

Congratulations to the winners!

Check it out: The trader of the month made $ 20 in December

120 thousand profit, rate of return 4000%

Sounds like everything played out on a demo account. But it still happened in the real market. Shady made close to $ 121 with a 4000% rate of return. And he didn't need hundreds or thousands of transactions for that. It closed only 47 with an efficiency of less than 70%. How it's possible?

Shady started trading with a deposit of only $ 3000. Not only that, trading only started on January 17th, so the whole action took place in just 11 trading days. We are used to hundreds or even thousands of transactions concluded by winners Trader of the Month. They often use automatons, loss averaging or pyramiding. This time none of it happened. All indications are that the items were entered manually, some of them were set Stop Loss and Take Profit, and the success was determined by iron nerves, a little patience and ... a very large flight to a single position. The transactions did not last too long - usually not more than a few hours.

Shady only traded on currency pairs and gold. The volume often exceeded 10 lots per position (the record was 15,1 lots) - quite a lot. The choice of instruments was also interesting, because many transactions were concluded on cross pairs such as EURGBP, EURCAD or AUDJPY. But as the trader himself admits, these pairs feel best. Shady used the most effective risk mitigation method, which was regular payouts of earned profits. That is why it ended the month with a balance sheet not exceeding 10. USD, and over 100 thousand. it was already in his bank account. And it is probably combined with an iron psyche that is the secret of his success.

Shady's capital curve. Forex competition "Trader of The Month" - January 2022.

Transaction history in numbers:

• Profit: 120 854,95 $
• Return: 4028,50%
• Total number of transactions: 47
• Profitable transactions: 65,96%

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

He has been trading for 5 years.

How did your adventure with Forex trading begin?

I learned about the Forex market from YouTube videos.

What is your trading style?

I use trades with the greatest possible risk.

Do you have any risk management policies?

I do often, but not always.

What good habits should investors be fooled about?

Practice capital management and constantly develop.

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

A transaction on the EURCAD pair with a large number of lots yielded a profit of around $ 40.

What advice would you give to novice investors?

I advise every trader to manage their capital and self-control, especially in some losing trades. I would also advise them to use reliable brokers like Tickmill.

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

Relying on supply and demand zones and price channels (upper trendline and lower trendline).

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

Speed ​​of order execution, speed of deposits and withdrawals, exemplary order execution at stop loss and when reaching the target.

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.