The Trader of the Month earned 158. USD in July 2022 [Forex Competition]

Forex competition - Trader of the month - July 2022

He started the month with a balance of approx. dollars, and ended it with a balance greater by 200 thousand. USD. A Hong Kong trader named Pui Yeung needed 158 transactions and, above all, nerves of steel, because the risk was high, but… it paid off! Thus, he was selected as the Trader of the Month in the July edition of the competition Tickmill and received a prize of $ 1000.

Congratulations to the winners!

Check it out: The trader of the month earned 134 thousand. USD in June

Cross pairs, exotics, metals

Despite the relatively small number of transactions (compared to the account histories of other Traders of the Month), the result is really impressive. Equally, 100 transactions per month resulted in a profit of 158 thousand. dollars, which gave a rate of return of 77,5%.

Looking at your account history, you can see there was a method in this madness. Pui Yeung focused on a specific act and then assumed "Massive attack", concluding a series of trades on a selected pair with a volume of several lots for each. As a consequence, its exposure to a given value could often reach up to 100 lots at the same time. Most of all, cross pairs such as CHFJPY, GBPCHF, EURAUD, AUDJPY but also EURHUF were played, as well as metals - silver and gold.

Items were often held for consecutive days, and adding new ones usually took place within a day from the opening of the first one. There are many indications that the risk was high - playing without stop loss, with occasional take profit, in case of a mistake they often forced to endure losses. As a consequence, the strategy of closing entire bundles of positions when the total balance was satisfactorily positive prevailed. Such an approach, of course, may take revenge one day, but based on the following interview that the trader gave Tickmill, there are many indications that he is fully aware of it and accepts the risk. We keep our fingers crossed for further successes!

Capital curve of Pui Yeung. Forex competition "Trader of The Month" - July 2022.

Transaction history in numbers:

• Profit: $158 800,19

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

5 years old, I started in 2017.

How did your adventure with Forex trading begin?

I saw your ad when I was looking for an indicator.

What is your trading style?

Mainly swing trading.

Do you have any risk management policies?

Yes, this is the most important thing in trading.

What good habits should investors be fooled about?

Risk management is a priority in a trader's life. Do not zero the deposit, then you will have a chance to make a profit.

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

I think it would be the USDMXN pair. I tried to catch the lowest price of this pair and held the position for 4 days. It earned me about $ 10K USD.

What advice would you give to novice investors?

Always remember to control the risks. Each position you open, open according to your own rules. Don't do it based on emotions.

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

1. Pay attention to the dollar index. It is extremely high.
2. It is also worth monitoring American stocks. Perhaps we are at the beginning of a bear market.

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

I think the safety of funds is paramount to a Forex broker and I believe Tickmill is doing a good job in this regard.

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.