Weihua showed excellent account and risk management skills
in February 2017 and got a $1,000 prize!
Read Weihua’s interview and see his account statement
to make your own success story
How long have you been trading?
I have been trading Forex for 3 years.
How did you get involved in Forex trading?
My friend introduced me to Forex trading.
What is your trading style?
I am waiting for a good entry position. Then I set tight stop-loss and try hold position as long as possible.
Do you practice risk management?
Yes, I practice risk control management with strict rules.
What are some good habits smart traders develop?
Don’t open too much trades, do not open positions when there is not trading signal. It´s better to miss a trading opportunity than open a wrong trade.
Describe your best/most memorable trade.
Once I opened 50 lots short GBP/USD position with 20 pips SL, then I closed my PC and went outdoors and did not observe the market. After I had come back, the position was in profits; I continued to hold the position and closed a part of it after it reached my first target. Later I closed the second part of it. I earned 100,000 USD from the position.
What advice would you give to new traders?
Keep calm and observe the market, don’t overtrade. Use strict stop loss for each trade.
Considering the current state of the market, what do you think are the news/events traders should keep an eye on?
I don´t follow the news. I trade when the markets are stable.
What are the most important things you look for in a Forex broker?
I highly value your good trading conditions, such as spreads, commissions, etc., as well as the professional customer service.