Mohd Firdaus showed excellent account and risk management skills in June 2024 and got a $1,000 prize!

Read Mohd Firdaus's interview and see his account statement – to make your own success story

How long have you been trading?

I have been actively trading for 8 years.

How did you get involved in Forex trading?

I got involved in Forex trading through my contacts, which sparked my interest in learning more about the field of trading.

What is your trading style?

I am a scalper trader, but there are times when I practice intraday trading.

Do you practice risk management?

Absolutely, I practice efficient financial management. I strongly emphasize the importance of money management in buying and selling because I think efficient and disciplined financial management can help us maintain consistency in the market.

What are some good habits smart traders develop?

A successful trader needs a very deep understanding of the market, good financial management, the ability to control emotions during market conflicts, and high discipline to ensure that the strategy is organized according to the plan that has been set.

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

Throughout the 8 years I have been trading, I have experienced fluctuations, and was not able to maintain consistent profits. However, I adopted a 'back to basics' style, which involved changing the way I trade and identifying mistakes and weaknesses during trading.

Finally, I was able to get back to making multiple and amazing profits. My most memorable trade was in June 2024, when I managed to earn almost 200K USD. The strategy I use is a combination of several indicators that help me identify the direction of the trend. My favorite pair is AUDUSD.

What advice would you give to new traders?

My advice is not to give up on learning Forex, even if it takes a long time to understand. For me, every journey to success requires a high level of patience, and the most important thing is to be able to remain consistent in trading.

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

Traders should focus on news related to FOMC, NFP, CPI, and interest rate data.

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

The stability of broker management. To this day, I trust Tickmill for its reliability and smooth business operations. Thank you, Tickmill.