Eugene Somenkov, another winner of Futures Trade, uses simple and available, yet effective schemes in his trading. He shared his exemplary history in the interview.
-Eugene, tell us about yourself: how long have you been trading in the financial markets, where did you begin?
-For about 10 years, with different periods of activity. Then again I started from different kind of contests.
-What place does the trading take in your life? Is it just a hobby or a serious source of income?
-For the last 5-6 years, I actually did nothing except for Forex. Thanks to it, I have rather decent extra income but not on a quite regular basis.
-What do you like about Grand Capital’s contest? What can be improved, in your opinion?
-I like stability, informational content, excellent display of ratings. But I advise reconsidering the system of rewards for trial contests.
-What do you take notice of, when you pick your broker? And why did you choose Grand Capital?
-I pay attention to the trading conditions, input-output conditions, and quality of execution of warrants. I’m going to trade for the first time with a real Grand Capital account. Will see what becomes of it.
-Tell us about your trading strategy within the scope of contest. Does it differ from the one you stick to, while trading on a live account?
-As people tell in Odessa, a competition and reality are two big differences.
-You manually opened up more than 200 warrants as part of the round and only 2 were unprofitable. What do you base yourself on, when you make trading decisions?
-The number of warrants does not affect the result. It is only a matter of habit.
-Why did you choose the contest with the futures trading system? What strategy would you name the most successful?
-For me, there is no difference in what to trade. I sell everything that moves. The strategy is: buy cheaper, sell at a higher price. This algorithm is drilled into the spinal cord.
-What is your advice for those, who are only going to take part in the contest?
-Regardless of the type and duration of the contest, you should have some strategy and algorithm of actions in your mind. And, of course, I wish good luck to all new traders! It will come for sure.