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Forex success secrets are revealed
Thursday, April 26, 2012 - 11:30
Dear traders!
On the 13th April your favourite demo-contest was over. Hundreds of traders from all over the world were taking part in the month race for the leadership. The winners were finally announced: Usmonov Bahtiyor from Uzbekistan, Sumarsanto Athanasius from Indonesia and Puzina Pavel from Ukraine. We asked our happy contestants to share their impressions about 999 contest participation and reveal their Forex success secrets.
Usmonov Bahtiyor
How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading?
I’ve been trading Forex for 6 years. How did I get involved in it? Well, I set myself a goal. And while looking for some ways to achieve this goal I decide to know more about Forex trading.
What currency pair do you prefer to trade? Why?
Generally I trade EURUSD, GBPUSD and AUDUSD. My trading strategy is mostly based on Fibonacci levels determination. These currency pairs are the most convenient for using this method of trading.
Please tell us about your impressions of participation in «999» contest?
The contest is very exciting. When you are among the leaders and there are 10 days left until the end of the competition, the feeling is like you are trading real account. What I like the most is that the real-time ranking is shown on the list of contestants. You can always look through the current position of the participants.
What trading strategy did you use during the contest «999»?
My trading strategy is technical analysis based on Fibonacci numbers. To affirm my trading decisions I use 3 indicators: Stochastic Oscillator, MACD and CCI. During the contest most of my orders were made with AUDUSD, because more order can be opened with this currency pair. You can barely win without risk, but if your balance is huge you’d better use only the half of it. So that would be able to keep thing going well enough even if you are mistaken.
What qualities should a trader possess to be successful in trading?
In my opinion, not everyone is fated to become a trader. First of all you need to be patient and diligent. Secondly, you should be fond of what you are doing. If you are, we are on the right track! And the last thing, that comes only with experience, you should always stick to your trading strategy. Don’t try to change it every 5 minutes starring at M5 charts.
What advice could you give to beginners?
It is necessary to study Forex literature. There are scores of different books and you will be able to find something useful for you. Choose those technical indicators that are accessible and understandable for you.
Spend more time studying charts (from M1 and M5 to H4, D1, W1). Look for some repeated figures, tendency. The main thing is patience and you will sure to develop your own trading strategy.
Sumarsanto Athanasius
How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading?
I’ve been trading for 2 years. I found in the Internet some advertising about the new way to make extra money. I studied Forex trading at forums, such as forexindo.
What currency pair do you prefer to trade? Why?
I prefer trading the following currency pairs: EURUSD, GPBUSD. Because they have the lowest spread.
Please tell us about your impressions of participation in «999» contest.
I am very happy to win this time. That was not my first time to participate in «999» Contest and finally I managed to win!
What trading strategy did you use during the contest «999»?
I like to use simple strategies. I used moving averages 100 tf 15, MACD, trend lines breakout , support and resistance, and followed news in forexfactory.
What qualities should a trader possess to be successful in trading?
Discipline and conformity with your trading strategy.
What advice could you give to beginners?
Try not to deviate from your trading strategy. Always take into account the global economic news release. And do not forget about Money Management. Your future depends on your today’s decision.
Puzina Pavel
How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading?
I have been trading Forex about 5 years. I’ve got to know about Forex in the Internet.
What currency pair do you prefer to trade? Why?
I prefer EURUSD and USDGBP.
Please tell us about your impressions of participation in «999» contest?
My impressions about 999 are only positive. During the contest I think all the contestants felt the excitement.
What trading strategy did you use during the contest «999»?
My trading strategy is very simple, based on couple of standard indicators.
What qualities should a trader possess to be successful in trading?
A trader should be hard-working, have a stable nervous system and not succumb to emotions.
What advice could you give to beginners?
There is no need for a beginner to cover all the market movement. You should be patient. You need time to gain valuable trading experience. Learn, do your best and you’ll succeed.
Please note that you still have a chance to take part our super demo-contest 999.
Registration is open until April 30.
Hurry to take part and show your worth!
Contest details: 999 Demo Contest // FBS Markets Inc.
Take part: https://my.fbs.com/contests/999
Work with FBS , be friends with FBS and be successful!
Best Mini Forex Broker 2010 - 2011
alhamdulillah,, semoga dengan ini kita bisa meningkatkan kualitas trading kita..
dan siapa tahu kita bisa jadi pemenang di 999 demo kontest FBS berikutnya..
