The Trader of the Month earned 34 thousand. USD in February 2022 [Forex Competition]

Forex - Trader of the month competition - February 2022

Over 100% profit in a month? Sounds like a trader's dream. But in the case of Lujun, such results have become a fact. Nearly 400 transactions resulted in over USD 34 in profit in the shortest month of the year. Get to know the history of the trader from China, who was selected as the Trader of the Month in the February edition of the competition Tickmill.

Congratulations to the winners!

Check it out: The trader of the month earned 120. dollars in January

34 thousand USD profit in 2o trading days

Lujun made a staggering 100% profit, consistently sticking to his strategy. He started February with a balance sheet of $ 32, and ended it with a deposit close to $ 340. USD. It's just that he made a few larger payouts along the way. Consequently, his earnings amounted to $ 35. Some of the positions realized in February were opened in January or even December. Most of the transactions concerned the currency market, in particular the CADJPY pairs and EURUSDgold, but also the Dow Jones 30 index.

Only 8 positions had Take Profit set, while none were "equipped" with Stop Loss. So how did he stay without bankruptcy? The risk minimization consisted mainly in the non-exaggerated volume of transactions (almost all transactions, regardless of the instrument, amounted to 0,26 lots) and regular payments of already realized profits, thus maintaining a similar deposit level in the account all the time.

Lujun closed positions with small profits, so most of them lasted from several dozen minutes to several hours. In the event of a mistake, he often withheld losses, waiting for a profit. This is, of course, a strategy without risk and significant drawbacks, but as practice shows, with proper discipline, rules and moderation, it can turn out to be profitable.

Lujun capital curve. Forex competition "Trader of The Month" - February 2022.

Transaction history in numbers:

• Profit: $34 370,66

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

It's been almost three years since I started trading Forex.

How did your adventure with Forex trading begin?

For many years I was involved in stock trading, and then, thanks to my friends, I got into currency trading.

What is your trading style?

My investing style is quite aggressive.

Do you have any risk management policies?

Yes, there is some method of risk management and always remember to pay attention to risk control when trading.

What good habits should investors be fooled about?

I always try to analyze the market and wait for the right opportunity to trade. If you are unsure of your analysis or the market situation, it is better to wait than take too much risk.

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

When I started investing, I didn't have enough knowledge about market analysis and risk control. For this reason, when trading the XAUUSD pair, I had a negative account balance.

What advice would you give to novice investors?

New traders should use the demo account to test their trading skills first. Then, after gaining sufficient experience, the new trader may consider entering the real market.

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

Big news or events can suddenly or significantly change the market situation. Therefore, investors should try to keep their risk management at the top of their priority list and avoid trades that go against the market.

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

Security of funds and low spreads.

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.