Trader of the Month earned in July 68 000 USD [Tickmill Contest]

Trader of the month - July 2019

Holidays are slowly coming to an end, but forex traders are not idle. Yi turned out to be the best investor in July, despite having only one year of experience in trading, generated a rate of return of 400%. Little? His capital has grown by almost 68 thousand dollars! Congratulations!

What strategy did he choose? About this below. We also encourage you to read the extensive interview given to Tickmill.

Average effectiveness, above average profits

Profitable transactions accounted for little more than half the total. Therefore, it is difficult to speak of an exceptional feel for the market. However, this is not important, because the key to earning almost $ 68 was ... effective risk management. Yi chose two instruments - WTI crude oil and gold (XAU / USD), which definitely dominated his trading history (000 out of 144 items).

The transaction volume was 8 flights, and then increased to 12 flights after earning 200% from the initial capital of July 1. Although the competition is the month trader, it should be noted that Yi generated the title profit in less than half of this time. Apart from the first three transactions on oil, which, however, only resulted in losses, trading in gold began on July 16 and lasted until July 26.

Positions usually lasted from a few minutes to several hours. Although Stop Loss and Take Profit were never set (at least from the platform; perhaps a "hidden SL" was used), loss positions were not usually held indefinitely and some discipline was applied.

July was not just a success story. In the history of the transaction, we can find at least two moments when the capital loss amounted to several thousand dollars. Nevertheless, it was possible to quickly make up for the losses - sometimes by consistently sticking to the chosen direction, sometimes by flexibility and its rapid change.

Yi Capital Curve - July 2019

Transaction history in numbers:

• Profit: 67,882.72 $
• Return: 403.04%
• Total number of transactions: 147
• Profitable transactions: 54.42%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading on the Forex market for a year.

How did your adventure with Forex trading begin?

I started trading on the Forex market by participating in seminars.

What is your trading style?

I play short-term trends.

Do you have any risk management policies?

Yes, risk management is necessary.

What good habits should investors be fooled about?

Always use stop loss.

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

I opened Buy on gold (XAUUSD) when it broke the annual high. I earned 4.000 USD on this.

What advice would you give to novice investors?

Don't let your feelings affect your trading.

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

Focus on the most important news.

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

The most important factor is the security of the funds.

competition rules

The winner of the competition is selected by the 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.