Trader of the Month earned PLN 100 in July. USD [Forex Competition]

Forex competition - Trader of the month - July 2023

$100 profit in a month? Sounds amazing. How about the fact that the trader from Indonesia who achieved such a result has only 4 months of experience on the market? Was it beginner's luck or an exceptionally clever strategy? We decided to take a look at his transaction history. Investor named Shaheedah Banu Khaja received the title of trader of the month and a bonus in the form of a $1000 bonus in the competition Tickmill.

Congratulations to the winners!

Check it out: Trader of the Month earned over PLN 176 in June. USD

USD 100 profit in a month

In short: it was a hard, no-holds-barred ride, i.e. aggressive grid. Shaheedah Banu Khaja he took a risky approach from the very beginning. Small profits, order network, moderate lot, lots of positions. Appropriate effectiveness and management of funds turned out to be crucial. Of course, stop loss was not usually used, but this is not surprising, because in this type of strategies it usually brings more harm than good. Simply put, you're gridding = you have to realize that failure (if it happens) will hurt. But it can also bring good profits, as in this case.

Nearly 500 transactions were completed, all on XAUUSD (gold). As we mentioned, stop loss was used occasionally, but take profit was used almost always. However, this does not mean there is no risk management. Funds were withdrawn many times, as were deposits (probably in more critical situations). Shaheedah Banu Khaja he started July with a deposit of PLN 14,5 thousand. USD. Ultimately, at the end of the month, the profit exceeded PLN 100. USD but there is slightly over 69 left in the account. USD. This means that the 30 has been secured by withdrawing it from the account. A good move.

The profit per single transaction usually ranged from several dozen to several hundred dollars. However, there were painful losses that exceeded PLN 6. USD per position. This shows the true scale of the risk. Trading took place almost around the clock, and the number of positions completed makes us believe that the trader was using a machine or at least supported by some EA solution. But still, the emotions must have been amazing :-).

Shaheedah Banu Khaja capital curve in July 2023.

Transaction history in numbers:

• Profit: $ 100,671.01

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I only started in May 2023, so it's been 4 months.

How did your adventure with Forex trading begin?

By a friend.

What is your trading style?

I'm still learning and there's still a lot ahead of me. I'm getting better at dealing with fresh breaks and SBR/RBS.

Do you have any risk management policies?

At the moment, yes, because the market is constantly changing over time.

What good habits should investors be fooled about?

Observing Stop/Loss Orders.

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

It was in gold (XAUUSD) and I probably made 16k in one day. This is the most amount I have earned so far.

What advice would you give to novice investors?

Never give up, even if you don't succeed the first time. Always come back and do it better. Risk and money management is very important.

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

Having more margin on the news really helps. Trade smaller lots during news events or avoid trading during major market events to be safe.

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

These are simple, quick payouts and good and reliable account managers.

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.

Attention! The contest is for traders trading with Tickmill Ltd. Seychelles only.