Feng showed excellent account and risk management skills in December 2021 and got a $1,000 prize!
Read Feng’s interview and see his account statement – to make your own success story
How long have you been trading?
How did you get involved in Forex trading?
What is your trading style?
Do you practice risk management?
What are some good habits smart traders develop?
This is in a way an extension of the previous point on discipline. A trader’s job is to manage risk. Don’t get obsessed with returns. Remember, you do not control returns. That is something the market controls. But you definitely can control the risk and that is what you should focus on. If you define your risk per transaction, if you create strong walls around your trading capital and if you always trade with a proper risk-return trade-off, you are likely to see success as a trader.