Sheng-yuan showed excellent account and risk management skills in October 2023 and got a $1,000 prize!

Read Sheng-yuan's interview and see his account statement – to make your own success story

How long have you been trading?

I have been trading for more than 10 years.

How did you get involved in Forex trading?

Through another Forex broker.

What is your trading style?

Speculating on the price movements using different trading styles depending on market conditions and circumstances.

Do you practice risk management?

Yes, of course.

What are some good habits smart traders develop?

Setting realistic goals, continuous learning, discipline, risk management and using smart trading tools to name a few.

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

I traded Gold by using Expert Advisors.

What advice would you give to new traders?

Keep track of your trades, stay informed about current events and developments that can impact the markets and perhaps use trading tools to enhance your trading experience and make informed decisions.

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

Economic indicators, central bank policies, geopolitical events, trade tensions, corporate earnings reports and developments in key industries are all on the agenda.

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

Trading costs, primarily competitive spreads, and commissions, execution speed and slippage, available assets, and trading tools available for minimizing and controlling trading risks.