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Make mistakes and analyze them


28 June 2019

Most of our traders are self-taught. Before starting to trade, they had to absorb a lot of information. But they kept going towards their goal, thinking of their failures as of useful experience that would help them in the future. And this is exactly what happened. Read the stories of our contest winners in our latest interview round-up.

Andriy Leontiev, Ukraine, winner of the 248th round of Rally Trade, received a no-deposit bonus of $500

"My name is Andriy, I’m 44 and I work as a security guard. My hobbies are trading and gardening. I got into trading about a year ago thanks to professional forums and webinars. At first, I set small goals for myself: for example, to take the first place in a contest. Now I want to become an account manager and earn consistent income, so that trading becomes and alternative to a regular job. My day begins with reading news and fundamental analyses, then analyses of charts, I learn what happened to the markets, then I set up Stop orders and go out to the garden. Gardening is my way of dealing with emotions. I picked Grand Capital because of their great contests and positive reviews. I tried not to look at the other contest participants’ rating before the finish so I didn’t get nervous. It helped me win. When I’m calm, my trades are well thought out. Beginners should choose a strategy that suits them: scalping, middle term of long term; analyze trades and never stop working on them."

Andriy Dralyuk, Ukraine, winner of the 76th round of Futures Trade, received a no-deposit bonus to $1,000

"My name is Andriy, I’m a business owner. My hobbies include guitar, athletics and, of course, trading. I learned trading myself, by the method of trial and error, read a lot of analytics on the websites of investing companies, followed the market, drew parallels and made conclusions. Right now my goal is simple: start getting 1,000% of profit monthly. If I make it, it would be a great success. My worst trade involved buying pounds. It was just before the Brexit referendum. I thought it was the best time to buy GBP and lost about a thousand pips in a day, my balance hit zero. Since then I’ve been using Stop Loss and carefully choose volume of a trade. Generally I’m not prone to excessive worrying, but meditation helps me control my emotions. When choosing a broker, I pay attention to rating. Grand Capital has a pretty good rating. As for the contests organized by Grand Capital, I like available trading instruments, quick rounds and transparent rules. Nothing needs improving so far. The struggle was pretty intense in this round. On Thursday, I understood that I was getting behind and started trading FDAX index because it was highly liquid and temporarily volatile. Thanks to this, I managed to take the first place. My piece of advice to novice traders is not to give up. You’ll have drawdowns, as well as failures. Make mistakes and analyze them. Only then you’ll understand how to trade properly. Don’t be afraid of failures, they are a part of victory."

#source

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