The trader of the month completed 14 transactions in March 552 [Forex competition]

Forex - Trader of the month competition - March 2021

In the history of the competition "Trader of the Month" we often see extremely (and sometimes only seemingly) abstract transaction histories of the strategies used. It is safe to say that they shock more often than indicate a "norm". This is also the case this time. The winner of the March edition is undoubtedly the record holder in terms of the number of closed positions. He realized 14 of them. With what result?

We already know it and congratulations to the winners! Details below.

Check it out: He multiplied his account four times in a month [Trader of the month February 2021]

Nearly 15 items!

Capital management is the key to success - which trader hasn't heard it yet? Cuong's strategy has it worked out to perfection, although it is certainly not one of the less risky ones. However, it did earn, and it was not enough. IN 14 transactions the trader of the month of March 2021 earned over 100 thousand USD, the rate of return was Present in several = 54%and approx 10 thousand the transaction was closed in the black.

Trade frequency? All day all night :-). So there is no doubt that the trader used the machine. EA traded almost every minute (and sometimes more often!). The positions themselves "lived" usually for several to several minutes. It is difficult to answer the question what were the conditions for entering the market - there is a good chance that there were no secret analyzes here, only statistics, probability and good money management. The takeout was the Take Profit levels that practically every item (Stop Loss none).

Instruments and volume. Dominated EUR / USD, less often scrolls additionally GBP / USD. And it was quite a reasonable choice - relatively low volatility, very low transaction costs (which is not insignificant with this number of positions), good liquidity. Just in time for a grid with averaging and increasing the volume. Risky, but it worked. The losses were held, without a doubt, but not catastrophically long (at least not in March 🙂). Cuong always started with microlights, even though he had over 200 on his account. USD of initial deposit. The whole strategy, however, is exposed to a sudden jump in volume. After a series of trades with a lot between 0.01 and 0.2, a transaction for 4, 5, or even 15 or 30 lots suddenly appears repeatedly. So the risk was high, but so was the cash base, which certainly turned out to be crucial in this strategy.

Cuong capital curve. Forex competition "Trader of The Month" - March 2021.

Transaction history in numbers:

• Profit: 108 778,93 $
• Return: Present in several = 53,99%
• Total number of transactions: 14 552
• Profitable transactions: Present in several = 68,91%

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading in the Forex market since June 2020.

How did your adventure with Forex trading begin?

I started getting involved in Forex market in the middle of last year when my friends showed me their EAs (Expert Advisors) and then I started to find out more about it myself.

What is your trading style?

My trading methodology depends on market movements but I focus on 2 major currency pairs: EUR / USD and GPB / USD.

Do you have any risk management policies?

Of course. Since capital is the most important, we should have the safest way to manage it.

What good habits should investors be fooled about?

Stay calm, don't be greedy, follow the economic news and you'll have good capital to trade.

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

The most memorable transaction is the one on the GBPUSD pair. I was using a martingale at the time, my account was at risk, but luckily the market turned back and I made over $ 10.000.

What advice would you give to novice investors?

Capital is home! Profit is a car, and you can lose a car, but not a house, so try to manage your capital efficiently.

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

Keep in mind that all economic and political news, and now also the development of the pandemic, have an impact on the market.

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

Tickmill has all the items I need! Great trading conditions with fast withdrawal execution are among them!

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.