Hoegeon showed excellent account and risk management skills in September 2024 and got a $1,000 prize!

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

How long have you been trading?

I’ve been trading for about 10 years.

How did you get involved in Forex trading?

I was drawn to it because of the potential to pursue high returns through two-way trading and leverage.

What is your trading style?

I like trading using pivots and support and resistance levels.

Do you practice risk management?

Yes, I do. I try to manage risk in a way that allows me to withdraw my profits.

What are some good habits smart traders develop?

I think a good habit is to trade with a fixed amount of money, as it is difficult to manage funds when your account balance increases due to profits.

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

I remember trading EUR/AUD during “Black Monday” recently. There was an absurd price spike for a day, and I identified it as a long-term resistance level. I made a lot of profit in a short period of time.

What advice would you give to new traders?

Trade with small amounts of capital while growing your account.

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

Protectionism and currency wars following Trump's election are expected to create significant market volatility during his term.

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

A reliable trading and payment environment.