The Trader of the Month earned over 36. USD in May 2022 [Forex Competition]

Forex competition - Trader of the month - May 2022

Quite a risk that has paid off. This is how you can sum up in one sentence what a Chinese trader named Gang did. Effects? Nearly 37 thousand USD profit in May with several hundred transactions concluded on two major currency pairs. Thus, Gang was selected as the Trader of the Month in the May edition of the competition Tickmill and received a prize of $ 1000.

Congratulations to the winners!

Check it out: The trader of the month earned 10. USD in April

$ 36 in earnings from hundreds of transactions

Once again, a trader from China stood on the podium. However, this is not surprising - after all, this is where the largest group of traders come from. But on the other hand, they cannot be denied ingenuity, discipline and… nerves of steel. Throughout the period, the gang pursued their strategy consistently - or rather, it simply did not prevent them from doing so expert advisor (automatic strategy) which he applied. Of course, we are not sure, but the transaction history at 98,9% indicates it. How did the trader of the month trade?

Transactions counted in hundreds, practically 5 hours a day, XNUMX days a week, without any interruptions. The positions were open both for a few minutes and for several or several hours. There are only two currency pairs in the crosshairs - EURUSD and GBPUSD. During the month, the rate of return was close to 200%, but unlike the Traders of the Month from previous editions, two things stand out:

1. the transaction volume remained at a similar level all the time and oscillated around 1 lot per transaction (although sometimes many positions were open at the same time).
2. despite the rapidly swollen account, no payouts of earned profits were made.

The latter aspect suggests a lot of confidence in the strategy used (we do not judge whether or not it is right). The risk, however, must be assessed as high. Grid strategy, no security in the form of stop loss, almost every position with only take profit and no ongoing profit payouts is walking downhill. But this time it has paid off, and we can sincerely congratulate you!

Gang capital curve. Forex competition "Trader of The Month" - May 2022.

Transaction history in numbers:

• Profit: $36 705,23

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been in the Forex market for over 3 years.

How did your adventure with Forex trading begin?

I got involved in investing in the Forex market thanks to the recommendation of a friend.

What is your trading style?

I am a high frequency investor with a small volume.

Do you have any risk management policies?

Yes, I always take risk management seriously. I always trade with a stop loss.

What good habits should investors be fooled about?

I think it is a good investor's habit not to be greedy.

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

A memorable transaction was the one in May when I used volatility and turned losses into profits. I made 1800 USD on a EURUSD trading pair.

What advice would you give to novice investors?

My advice is to keep your transaction costs well under control.

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

In my opinion, one should not attach too much importance to the message.

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

I think the most important things to pay attention to is a strong license and fast deposit / withdrawal processing.

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.