Trader of the Month with a profit of 86 thousand. dollars in September 2021 [Forex Competition]

Forex - Trader of the month competition - September 2021

This time not a trader trader won the next edition of the competition selecting the best speculator among customers Tickmill. A trader named Tam proves that a woman's approach to risk can bring brilliant results. $ 86 in profit with a negligible loss of capital and an efficiency equal to 50%? Plus with a set stop loss for almost every position? Yes! It really happened :-). Get to know the history of the Trader of the Month in the September edition of the competition.

Congratulations to the winners!

Check it out: Trader of the month with 80% success rate in August 2021

Taking small steps to the goal

It often happens that in the summaries of the competition edition Trader of the month we see transaction histories of hundreds or even thousands of items and equally substantial rates of return. This time is different. But is it worse? None of these things. A trader named Tam confirms that women are less likely to take risks. Hence? The rate of return is less staggering, because in this case it was "only" + 12% (it's a lot for a month anyway!), There were only 34 positions, but the earnings amounted to almost 86 dollars! All of this took place with 50% efficiency and practically insignificant loss of capital, which did not exceed ... 2%.

But to the point - how did Tam play? There was only trading in gold and a few major currency pairs. There were only 34 transactions. However, the volume is impressive, as it was 60.0 lots or 30.0 lots per position (no other values). Interestingly, the volume has decreased since September 10, when Tam already managed to earn over 30. USD.

Risk? It is different than always. The trader had a set Stop Loss for almost every position, and often also Take Profit. This is a huge difference compared to its predecessors, who rather avoided it. Positions rarely lasted longer than a day, and Tam often closed small losses and collected a large profit. And this approach gave her just such a powerful perk with a 50% success rate. She also often used pending orders, which were eventually removed and were not implemented. Well-thought-out strategy and feel for the market? We have no doubt that it was so.

Capital curve There. Forex competition "Trader of The Month" - September 2021.

Transaction history in numbers:

• Profit: 85 880,38 $
• Return: 11,71%
• Total number of transactions: 34
• Profitable transactions: 50%

Trader's transaction history (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading for almost five years.

How did your adventure with Forex trading begin?

I started with trading Bitcoinand then moved to the Forex market.

What is your trading style?

I focus on basic technical analysis: support and resistance, candlestick patterns, moving averages and waves.

Do you have any risk management policies?

Of course I'm using SL (Stop Loss) where necessary.

What good habits should investors be fooled about?

Read the news every day, check the economic calendar. If important events are looming and your predictions are wrong, refrain from being influenced by them. Stay focused on your strategy: identify the trend, set a Trailing Stop and Stop Loss, open positions carefully and don't change your strategy while trading.

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

The most memorable trade was when I traded the GBPUSD pair on Sept. 28, I made a profit of $ 30,990.

What advice would you give to novice investors?

1. Take your trading seriously and exercise regularly.
2. Don't trade against the trend.
3. Think carefully and use technical analysis.
4. Practice risk management and stop loss at the right time.

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

News about the pandemic situation, countries' strategies for epidemic prevention and control, and economic stimulus programs to support development after the pandemic. Public unemployment rates in individual countries. Speeches of the heads of central banks, monetary policy and interest rates.

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

First of all, transparency and the level of credibility of the broker.

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.