The results of the paid monthly competition “FX Market Masters JUNE” have been published lately. The winner is a 31 years old trader from Oman, who several times has participated in ForexCup contests. The trader got his first prize in the week competition in January, 2012. The June’s victory is the second one for him. And now he became a manager of the PAMM ECN account with the balance amounted to $1000.
Remember that FXOpen constantly holds monthly competitions, where a winner can get a manager’s position of PAMM ECN account with a solid balance. And June contest wasn’t an exception – the user with nickname Balqaun increased his balance to $68 649 (it’s necessary to mention that his start-up capital was of regular size and amounted to $5 000). So, his profit was 1 273% and he showed the best result among 771 traders.
What is the taste of the victory? And which are the future plans of the winner? We asked him a few questions and also ask to tell us a few secrets of successful trading.
Please tell us a few words about yourself.
– I was born in 1981. I am a university lecturer, in my free time, I prefer reading. I’m married and looking forward to the birth of my daughter, which will happen in August.
You managed to win in a really important competition. Could you please describe your personal “Way of the winner in the Forex market”?
– I tried trading two years ago – one of my friends led me to Forex. Then I decided to participate in the competitions because this action is totally non-risky.
What are the main advantages of trading in the currency market in your opinion?
– The ability to get profit is an absolute benefit.
What is trading in the Forex market for you – your constant income or just a hobby?
– Trading is a constant source of little income for me.
How did you get to know about ForexCup competitions?
– One of my friends told me about it.
Well, what concerns competitions – why do you participate? What attracts you – the passion, your interest in the process of trading or prizes which you can get?
– Most of all I like the fact that winners usually get prizes.
We know that you have already participated in 14 contests and it isn’t your first victory. What encourages you to participate again and again?
– You are right, I have become a winner for two times and it’s really a nice feeling. Loosing is emotionally hard, of course (but I always know that I don’t lose anything. That fact encourages me to participate again).
What is the secret of your success in the Forex market? Could you describe in a few words your personal strategy?
– I can say that my strategy consists of fundamental and technical analysis.
What can you advise to all the newbies in the Forex – both for those who start trading and those who start participating in our contests?
– Do not make any emotional decisions. You should understand that all your problems you can find in yourself. From my point of view, the main parts of success are discipline, planning, working with your journal, statistics, and analysis.
We hope that the winner’s example will encourage you to test your skills in the nearest contest. Remember that you don’t risk at all. And if you win, you will become a manager of the PAMM ECN account with great balance.
So, try, participate and win with ForexCup!
To join the new monthly contest, register at www.forexcup.com. As usual, registration is free! Do not miss your chance to sign up!