Chunping showed excellent account and risk management skills in November 2023 and got a $1,000 prize!

Read Chunping'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 6 years.

How did you get involved in Forex trading?

I got involved in Forex trading through a friend's recommendation.

What is your trading style?

I’m an aggressive type of trader.

Do you practice risk management?

Yes, I practice risk management.

What are some good habits smart traders develop?

I believe good habits of smart traders include trading with a proper position size, following the trend, and adopting a long-term perspective.I think using stop loss orders is a good habit for a smart trader.

Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?

My most memorable trade was on AUDUSD. After a prolonged downtrend, I read the trend reversal. I engaged in intraday short-term trading while holding a certain number of long-term positions. As of now, I have held the long-term positions for over 3 months, accumulating a profit of over 800%.

What advice would you give to new traders?

My advice is to trade with the right position size, follow the trend, and hold positions for the long term to capture profits from large trend cycles.

Considering the current state of the market, what do you think are the news/events traders should keep an eye on?

There are lots of events affecting the markets but in general news event traders should strictly manage their positions.

What are the most important things you look for in a Forex broker?

I value most the security of funds, low spreads, low swap fees, and smooth trading when looking for a forex broker.