The Trader of the Month earned over 500% in November 2021 [Forex Contest]

Forex - Trader of the month competition - November 2021

Over 500% profit per month, nearly 1500 transactions and efficiency over 90%. Sounds nice? Let's add a profit of 65 thousand. dollars. Get to know the story of an investor named Ghanem, who was selected as the Trader of the Month in the November edition of the competition Tickmill.

Congratulations to the winners!

Check it out: The trader of the month earned nearly 90 thousand. USD in October

1435 transactions with an efficiency of 93%

This is not the first such amazing result in the history of the competition Trader Of The Monthand yet we rub our eyes in amazement again. Ghanem made 1435 transactions in November, 1335 of which he closed with a profit. The rate of return exceeded 500% and the total profit was $ 64. We can learn more by looking at his transaction history.

The capital curve and the positions concluded immediately suggest that we were dealing with a grid strategy. But traders have shown many times that this approach can also be effective. Transactions lasting up to several hours dominate, but there are also positions held for several days. Of course, it all depended on the moment of entry. Virtually no transaction was set stop losswhile take profit was a regular feature. These two factors have a direct impact on the optimistic result of the performance statistics.

Although Ghana traded on many markets, and there were a lot of transactions, one instrument stands out from the rest of the whole - XAU / USD. There are also positions on silver as well as major currency pairs and indices. The transaction volume was relatively non-aggressive. If it was understandable at the beginning, because the trader started with a deposit of 12 thousand. USD, however, did not increase it too significantly, even when he already multiplied his account several times. Maintaining moderation in the selection of the lot, practically not exceeding the level of 1.0, ensured stability in both achieved profits and did not cause any severe loss on the account (max. Several dozen dollars). And that seems to be the main factor that made Ghan successful.

Ghanem capital curve. Forex competition "Trader of The Month" - November 2021.

Transaction history in numbers:

• Profit: 64 908,66 $
• Return: 506,34%
• Total number of transactions: 1435
• Profitable transactions: Present in several = 93,38%

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been dealing with trade since 2010.

How did your adventure with Forex trading begin?

It started when someone from a not so good company called me, I had no knowledge and my transactions were rigged so I lost a lot.

What is your trading style?

I have my own way of trading. It analyzes the closing of candles at all time frames, from monthly to hourly (I call them operational areas).

Do you have any risk management policies?

Yes, to some extent yes, depending on the nature of the trade and the breakdown of contracts in the areas of entry.

What good habits should investors be fooled about?

For me, it's a few habits including: splitting entry positions, hedging profits, setting near and far goals. Thanks to this, my portfolio is growing and I do not have to place stop losses except for large positions.

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

The best deal was a group of swing gold contracts, buying from several tiers starting at $ 1200,69 an ounce and ending at $ 2050 an ounce - making a profit of $ 630.

What advice would you give to novice investors?

The best advice is to be patient - broken down into entry contracts and hedging of profits first, even if the amount of pips is low.

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

Interest rates data, employment data, inflation, and a new event which is the appearance of the Omikron variant.

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

Reliability in order execution, spreads and low commission.

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.