Jinyan showed excellent account and risk management
skills in September 2016 and got the prize $1,000!
Read Jinyan’s interview and see his account statement
to make your own success story
For how long have you been trading?
All together I have been in the Forex industry as a trader for a year.
What instruments do you prefer to trade and why?
My main instruments are mostly Gold (XAU/USD) and GBP/JPY, as I feel the most profit can be earned from the big intraday range that they have.
What schedule (trading hours) do you have for your trading?
I do not have a specific trading session, as it is limiting. The best time to trade can vary throughout all the sessions.
Did you receive personal training from other traders or did you mainly educate yourself on your own?
I have never really used trainers. I am completely self-taught.
What do you consider the best type of education for a trader?
Do not only rely on theory. Books can be helpful for better understanding of the market, but the best you can do it practice. Even when you fail then you get valuable experiences in order to get better.
Do you create your own strategies or use the ones that already exist? Can you briefly describe your strategy?
As I have been self-taught through trial and error then I use my strategies that I have developed. I have built it up on different experiences that I have had, so it is rather hard to summarize it briefly.
What is the most important quality a trader should have?
If you want to win, you must accept the loss that comes with it. Do not give up after your first loss, but evaluate what you did wrong and avoid the same scenario.
How do you deal with losses, does it have an emotional impact on you?
I have had big losses as well, usually, after that I take time off for a few days and reflect.
Are you satisfied with our service and is there anything we can improve?
Overall the conditions are favorable. One thing that I have noticed is your IB system. It is quite simple, as everyone can become one. I would suggest to limit it more so only experienced traders could become your introducing brokers. What I am hoping for you soon are additional licenses as I have a big account and it would give me even more security.