Trader of the month with a rate of return of over + 450% in August [Forex competition]

Forex - Trader of the month competition - August 2020

Multiply your account almost 5 times in just a month with relatively little market volatility? Unlikely, but as it turns out ... possible! Orhan used his 12 years of trading experience and made almost $ 70 in August. Thus, he was selected as the leader of the competition Tickmill Trader of the Month. How did he do it? About this below.

Congratulations to the winners!

Check it out: The trader of the month earned 172 thousand. USD in July

Big volume, fast trade

This is how Orhan's strategy can be summed up in a nutshell. During the 21 trading days of August, the trader of the month concluded slightly over 240 trades. Most of them lasted no more than 30 minutes. So how did he manage to get such a high rate of return? The key turned out to be sufficiently high efficiency and ... a very large flight per transaction. The first positions of August include, among others for 10 lots for EUR / USD and 6 lots for gold. The record volume fell on August 27 on the GBP / USD pair - 40.00 lots. It's just that there were 8 such transactions in a row.

The long EUR / USD of August 18.08 turned out to be the most profitable transaction. The profit was over $ 16 - not bad for a 000-hour position :-). With such a procedure and very selective use Stop Loss risk must be assessed as high. However, the trader used one of the most effective safeguards against zeroing the deposit - he regularly ordered payments of earned profits.

Orhan's capital curve. Forex competition "Trader of The Month" - August 2020.

Transaction history in numbers:

• Profit: 68 616,05 $
• Return: 457,44%
• Total number of transactions: 242
• Profitable transactions: 69,01%

Trader Transaction History (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading since the 2008 year.

How did your adventure with Forex trading begin?

I moved on Forex market and I decided to trade with Tickmill because the offered spreads and leverage are better than the competition.

What is your trading style?

I mainly use scalping and classic buy / sell methods.

Do you have any risk management policies?

Of course I have. Capital, volume and current balance must always match.

What good habits should investors be fooled about?

The investor should be able to read the markets.

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

I traded GBP / USD positions on Brexit voting day. I made a profit of 1300 pips.

What advice would you give to novice investors?

Be calm, relaxed, and don't be greedy.

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

US-China Trade War and COVID19.

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

Spreads matter most to me.

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.