Mengye showed excellent account and risk management skills
in April 2018 and got a $1,000 prize!
Mengye’s interview and see his account statement–
to make your own success story
How long have you been trading?
I have engaged in forex trading for 6 months.
How did you get involved in Forex trading?
I learned about forex trading from a friend of mine.
What is your trading style?
My trading style is maximising benefits.
Do you practice risk management?
Yes, risk management is a basic principle of forex trading.
What are some good habits smart traders develop?
Good habits are to control your positions and not being impulsive, set SL and TP, and observe the market trends.
Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?)
My most unforgettable trade was to short EUR/USD at 1.2560.
What advice would you give to new traders?
I suggest strictly controlling their positions.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
We should take into consideration that the news comes delayed and one-sided.
What are the most important things you look for in a Forex broker?
Low latency, security of funds and low trading costs.