This week, our contest winners are once again an international team. Read and compare: what’s common and what’s different about the approach of Pakistani and Russian traders.
Zakir Ahmad Khattak, Paksitan, the winner of the 238th round of Rally Trade, receive $500 no-deposit bonus
My name is Zakir Ahmad Khattak, I’m 36 and I own a motor oil distribution business. My best friend got me into trading, for which I’m thankful, because it helps me earn more. I plan to use my profit from trading to buy a Honda. My most successful trade is the victory in this contest, while the most memorable one is trading USD/JPY. Within a month its price dropped from 111 to 104 pips. I was shocked! Even when I’m very excited I don’t close profitable trades, but keep trading instead. The will to victory also helps me get rid of anxiety. Besides, my friend sends me trading signals, which means I feel confident on the market. You can say that I started trading with Grand Capital accidentally: I liked their contests. However, I realized later that the company offers great conditions overall. For example, fast execution. I recommend novice traders to watch how others trade, learn a lot and not enter the market until you have enough experience.
Irina Kosterina , Russia, the winner of the 457th round of Drag Trade, received real $200
About Forex trading experience:
I’ve been trading for a little over a year. I had been actively studying the market before, read professional forums. It allowed me to understand the terminology and know my way around many issues. Also, I regularly watch YouTube videos on the subject. Eventually I came to understand that trading isn’t as simple as it seems. In order to become a professional, you have to learn constantly and follow the news. Most of all I enjoy intraday trading, at the juncture of sessions, when the trend is changing, but I don’t always have the possibility because of work.
About the profession and the choice of broker:
My main occupation is in education, and aside from that I enjoy housekeeping and gardening. My goal in trading is to achieve stable profit. At this point, my most successful trades were those that allowed me to win Drag Trade. When choosing a broker I pay attention to the quality of execution and how long withdrawal takes, as well as to contests on demo accounts and prediction contests, so I started trading using deposits I earned in these contests. Grand Capital offers very interesting trading contests – prediction contest on Facebook, demo contests that last one week, day or even an hour. The last one is the one I won.
About the winning round of Drag Trade
The last round I started with USD/CAD, because I saw a growth pattern. I bought it and held on to my order until the pair reached the level from which it had been falling all day. Then it reversed. I closed the trade with the profit on the level near a moving average with a period of 21 on the 5-minute timeframe, tried to earn from the rebound. I saw that the repeated growth was impossible and sold the pair again. Then I took the profit from this trade. I decided that this pair exhausted traders and turned to GBP/USD. I thought it was going to go up. And it did happen and I closed the trade with profit.
My advice for beginners is to study the market: read forums, watch YouTube etc. When you form your own opinion, start participating in contests, it will provide an invaluable experience. In trading, you have to evolve steadily.