Trader of the Month, Zhifeng, with 98% effectiveness in August [Tickmill Competition]

Trader of the month - August 2018

In the August edition of the competition, the winner was a trader named Zhifeng. He gained his advantage mainly due to the very high efficiency and well-thought-out risk management system. Just 59 transactions was enough to double the value of your initial deposit within a month and thus make a clean profit of over $ 30. Congratulations!

58 on profitable transactions on 59

That's right! 98,31% of transactions made brought profit. Only one position closed at the end of August with a loss of $ 307,66. How did Zhifeng do this?

By analyzing the transaction history (available below) of the trader, you can see that he "insisted" on a given direction on highly correlated instruments. The transactions were mainly concluded on currency pairs such as AUD / JPY, USD / JPY and AUD / USD and always followed the same direction - short sale. Only two positions of the total were long positions and related to the GBP / USD pair.

The transaction volume was relatively little diversified and had only three values ​​- 2.0, 4.0 and 5.0 lots. None of the positions had a defined Stop Loss level, although some of them were open even for a week or more. This suggests that the risk was high, but not necessarily ill-considered.

The capital curve can raise doubts about a trader's success. Nothing could be more wrong - every visible decrease on the curve "Account Equity" is the result of regular payments from the account. Analyzing "Cumulative Profit" you can see only one small break resulting from the above mentioned loss. The result of the monthly effort is a profit exceeding 100% of the capital from 1 August, which amounted to approximately 30 800 $.

Zhifeng Capital Curve - August 2018

Transaction history in numbers:

• Profit: 30,846.57 $
• Return: 104.47%
• Total number of transactions: 59
• Profitable transactions: 98.31%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been on the Forex market for the past 6.

How did your adventure with Forex trading begin?

I became interested in the Forex market and of course I wanted to earn money.

What is your trading style?

I do not have one fixed strategy, entry / exit conditions depend on market sentiment and technological conditions.

Do you have any risk management policies?

Of course, risk management is necessary.

What good habits should investors be fooled about?

Self-discipline, trading plan, avoiding actions under the influence of impulse.

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

The position on HK50 brought me a huge loss. During this transaction, my position was chosen in the right direction, but its size was too large. Never open items that you can not afford to maintain.

What advice would you give to novice investors?

Take the capital management very seriously.

Considering the current market situation, do you think that traders trading in macro / news trading data should keep an eye on it?

Taking into account the odds, the trader should evaluate the range of waves resulting from information events.

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

Reliable platform, security of capital and effectiveness of deposits and withdrawals.

competition rules

The trader is selected by the Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Overall, i.e. the 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.