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The Trader of the Month earned over 10. USD in April 2022 [Forex Competition]

The Trader of the Month earned over 10. USD in April 2022 [Forex Competition]

created Paweł Mosionek25 May 2022

Forex competition - Trader of the month - April 2022

10 thousand profit dollars in a month? Sounds great! Case? A Chinese trader named Jianhui uses, by his own admission, an extremely aggressive investment strategy. But 'Aggressive' does not have to mean 'Doomed to failure' - on the contrary! Although the risk was high, and the trade itself was carried out in a very unusual way, it allowed to generate a specific profit. Thus, Jianhui was hailed as the Trader of the Month in the April edition of the competition Tickmill.

Congratulations to the winners!

Check it out: Trader of the month with 2 USD earned 76 thousand. USD in March

Expert advisor and aggressive trading

Analyzing the history of the Jianhui account, you cannot see the capital curve climbing straight to the sky. However, you can see the consistently implemented plan. But in this case, the expert advisor was responsible for the discipline, which implemented the assumed strategy on behalf of the trader. Occasional take profit, set in half of the cases stop loss, transactions lasting from one day to even 1,5 months. Transaction volume? Not too big, not too small. But taking into account that the most frequently at least several positions were opened at a time, it can be concluded that the strategy itself was actually characterized by high aggressiveness.

What was Jianhui trading on? There were practically only 3 instruments in the game - US30, USTEC and XAGUSD. The trader has been making both small gains and small losses most of the time. The biggest "slip-up" was on the US30 - CFD on the index Dow Jones Industrial Average 30 - closing a position with a balance of over $ 2400. But also on the same instrument, he also noted the highest profit from a single position, which was a trifle of $ 6000. And that's actually the essence of this strategy. There were a lot of items that had been realized that had no effect whatsoever that they ultimately stayed "Overwhelmed" by some very successful trades. In particular, the regular payment of profits helped to control the risk. This is another example in the history of the TOTM competition that it is an exceptionally helpful defense mechanism against giving back to the market what has already been developed.

trader of the month of April 2022

Jianhui capital curve. Forex competition "Trader of The Month" - April 2022.

Transaction history in numbers:

  • Profit: $10 254,85

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading since 2008.

How did your adventure with Forex trading begin?

I learned about the possibility of trading on the Forex market from internet advertising. At that time, I was involved in stock trading, and after learning about currency trading, I decided to get to know him better.

What is your trading style?

I use an aggressive investing style.

Do you have any risk management policies?

Yes, it is really necessary to control your risk when trading.

What good habits should investors be fooled about?

In the early stages of trading, it is better to open smaller positions to practice your trading skills. Then, as experience becomes available, larger deals can be opened.

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

Trading on the GBP / JPY pair. I used an EA to trade during the Brexit period and managed to make a profit of several thousand dollars overnight.

What advice would you give to novice investors?

New investors should open small trades first to test their knowledge and skills. After gaining more experience, they may use or adapt some of them to their needs Expert Advisors.

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

I believe there are always ways for someone to get information sooner than retail investors. Therefore, traders who trade in the area of ​​macroeconomic performance releases should carefully analyze the information before making any decisions.

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

Low spreads, fast customer service and security of funds.

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.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.