Anyone can earn on Forex

26 September, 2016

A life of a trader is always a series of ups and downs which change as fast as asset quotes. Vitaly Durgaev, the winner of round 176 of Rally Trade contest told us why he loves trading and what it takes to become a professional trader. 

Trading provides you with unlimited possibilities

Although I majored in accounting, I work as a craft metal founder. My first trading experience happened back in 2000. I deposited $200 and got lucky - I managed to earn $2000 right away. Then a typical mistake of any starting trader followed - no stop losses. As a result I spent the next week watching yen fall, eating my deposit. I love trading because it gives you unlimited possibilities. It's just someone likes gambling and some prefer to use their brains and go to Forex. I think that anyone can be a trader now. If to think about it - there is nothing extraordinary here. No matter where you are, all you need is to place a trade is your smartphone. It is even simpler than to set an alarm clock. But to be a successful trader... It is a totally different thing. For that you will need self-discipline, a good trading strategy and a fair deposit amount. That is why I've never thought of trading as a main source of income. It is, indeed, hard to work in 24/5 mode.

Choose highly volatile assets and follow the news

Sometimes I really lack patience to trade as a professional. I am in a constant search of a trading strategy that would provide stable results. Any strategy needs to be constantly optimized, because it may bring profit when trading one asset and lead to a loss when a different one chosen. In the contest I traded the most volatile assets at that time - GBPNZD and GBPJPY and carefully followed the news. Here's my advice to all novices: learn the contest rules and click the Register button! When the contest is about to end, start monitoring the rating. Sometimes there are just a couple of pips that separate the winner and a loser.

Good luck to everyone!


Source link  
Contest is a good way to master strategy

The sixth interview round-up features the winner of Rally Trade...

Trading is hard work and freedom

In the fifth round-up the winners discuss the essence of trading. They often agree in their views on it. The ideas that trading is freedom...

Winners of the Image of an Ideal trader photo contest

In the beginning of February we launched a photo contest on our official Facebook page. For the past three weeks our Facebook fans had been sharing their perspective...


Interview with our contest winners. A profitable trade is already a victory

Meet the newest winners of Grand Capital’s regular contests. Yevgeny Voloboyev shared his experience with Micro Trade, Viktoria Lebedeva...

Grand Capital is holding Image of an ideal trader photo contest

Grand Capital launches another exciting creative contests for all Facebook followers. This time we offer everyone to reflect...

New contest winners: the lucky currency pairs

I teach at medical school, and I've been trading a bit over two years. Now Forex is becoming more and more popular here in Kenya...


Trading with the others ideas means don't have your own ones

It is often thought that it’s better to invent something new and unique than to borrow ideas. But usually such claims are only good in theory...

Scalping is the safest strategy

My top-5 favorite currencies are: EURUSD, GBPUSD, USDCAD, XAUUSD, and USDTRY. As per strategies, I am quite loyal to scalping as it is comparatively safe and gives you some space for maneuvers...

Our Facebook prediction contest is back

After a long break we are resuming our traditional Prediction contest that once was so popular among our Facebook fans. From 21st to 29th of September we will be following the gold troy ounce quote...

  


Share: