This month, Tickmill Ltd, the innovative forex broker regulated by the Financial Services Authority (FSA) in Seychelles, Licence No SD008 has awarded their March ‘Trader of the Month’ to a client who goes by the name of “Yiming.” Each month Tickmill gives out a $1,000 USD prize to the Trader of the Month who shows not only good profits, but also excellent risk and money management skills.
Yiming had quite the performance in February profiting $35,857.89 USD for a net return of 198%, he completed a total of 128 trades, with 84.38% of his trades being profitable. You can check out his account statement by clicking here, per Tickmill, Yiming asked the firm not disclose the timing of his entries and exits.
Please check out the interview Tickmill conducted with Yiming below:
For how long have you been trading?
I’ve been trading over 10 years.
What instruments do you prefer to trade and why?
My favorite instruments are EUR/USD and USD/JPY. I like those pairs because those are liquid have low spread, and most importantly, my methods work on them.
What schedule (trading hours) do you have for your trading?
Mid New York session to the start of European session.
Did you receive personal training from other traders or did you mainly educate yourself on your own?
My father has been a part-time stock trader all his life and he introduced me to the trading scene. I’ve been researching my own methods ever since.
What do you consider the best type of education for a trader?
Dive in, trade, and find your own ways.
Do you create your own strategies or use the ones that already exist? Can you briefly describe your strategy?
I’ve created my own, but it derives from many well-known concepts. My strategies are mainly price-action based technical methods. I try to “feel” the market and I have very little reliance on indicators.
What is the most important quality a trader should have?
I think this is a complicated question. I suppose self-control is the fundamental piece of the puzzle. Whether you manage this through discipline, confidence, or building your own robot, everyone must find their own ways to battle the various emotions.
How do you deal with losses, does it have an emotional impact on you?
Losses still impact me emotionally. I try to sleep on it and carry-on the next day.
Are you satisfied with our service and is there anything we can improve?
I am very satisfied with your services. I wish Tickmill can organize more community events like this contest to build a healthy, engaging community.
To check out FX brokerage Tickmill click here.