Wednesday, April 29, 2009

FXDD Maserati & Mini Cooper Winner



Interview with the Maserati Winner Ruslan N.

  1. Besides the prize and competition, did you have any other reasons for participating in the contest?
    This contest served the role of incredible promotion for my institutional investment program.
  2. How/When did you get started in Forex trading?
    My first experience in Forex Spot trading took a place in 1995 with a beginning balance of $1000.
  3. How did you find out about FXDD?
    I found out about this company at the first Metaquotes EA (expert advisor) contest in 2006.
  4. What do you like about trading with FXDD?
    FXDD is an honest broker with excellent order execution.
  5. Did you trade with another company before switching to FXDD? Why did you switch?
    I tried just about all the brokers who offer MT4 (MetaTrader4). With FXDD I found the most important component of trading: real stability in all aspects.
  6. What currency pairs did you mainly trade?
    Right now I mainly use Looney crosses (EUR/CAD and AUD/CAD).
  7. What kind of strategies did you use to win the contest?
    Continuous Scalping.
  8. What are your favorite technical indicators?
    Channels of all types.
  9. What else effects your trading? News, signals, indicators, special research?
    News and channels triggers.
  10. How did you deal with the emotional aspect of trading large positions?
    I imagine that I am trading on a demo account.
  11. Do you handle loosing trades any differently than winning trades?
    No.
  12. Trading Forex is very risky. How do you deal with the risk in your trading?
    Flexible money management helps me to select the right strategy and lot size.
  13. How much time did you spend trading during the contest? How much time do you normally spend on trading per day/week/month?
    8 hours per day.
  14. Would you consider yourself a professional Forex trader?
    Yes, because I only make money in Forex.
  15. Would you participate in another contest offered by FXDD?
    Of course! Why not?
  16. Would you like to take this opportunity to send a message to your fellow traders? If so what would this message be?
    Listen to your instincts to make your life better.

Interview with the Mini Cooper Winner Brian B.

  1. Besides the prize and competition, did you have any other reasons for participating in the contest?
    I funded my account again after loosing money using various signals, indicators, and alerts; none of them successful. I wanted to see if I could trade currencies the same way I trade stocks, but over a shorter time period.
  2. How/When did you get started in Forex trading?
    About a year and a half ago.
  3. How did you find out about FXDD?
    A friend.
  4. What do you like about trading with FXDD?
    The execution and the MetaTrader4 desktop and mobile software.
  5. Did you trade with another company before switching to FXDD? Why did you switch?
    Yes. I switched because of poor execution and supported trading platforms.
  6. What currency pairs did you mainly trade?
    I trade all and any crosses, whatever is trending that day.
  7. What kind of strategies did you use to win the contest?
    I trend trade.
  8. What are your favorite technical indicators?
    I've had my best result simply trading a 20, 50 and 100 Simple Moving Average.
  9. What else effects your trading? News, signals, indicators, special research?
    Simply put, I use Trade The News audio for news and trade 1-hour charts for the trend or pair direction. A 15-minute chart to determine entry and stop loss. A trend is the 20, 50 and 100 moving upper left to lower right (short) or lower left to upper right (long) on the 15-min chart. If I enter on the 20 moving average long or short, my stop is an open and close above (or below) the 50 moving average on the 15-minute chart respectively. The same applies for the 50 and 100 as an entry and the stop out. I use 1, 4 hour and daily charts for support and resistance and/or to take profit.
  10. How did you deal with the emotional aspect of trading large positions?
    If you are emotional, you are trading too large a position.
  11. Do you handle loosing trades any differently than winning trades?
    I always review a losing trade. It is occasionally news events but honestly, 90% or more of my losses were due to lack of discipline.
  12. Trading Forex is very risky. How do you deal with the risk in your trading?
    Minimize it. Learn to take losses early. For me, as soon as the trend breaks down I close the trade.
  13. How much time did you spend trading during the contest? How much time do you normally spend on trading per day/week/month?
    A few hours a day.
  14. Would you consider yourself a professional Forex trader?
    No.
  15. Would you participate in another contest offered by FXDD?
    Yes.
  16. Would you like to take this opportunity to send a message to your fellow traders? If so what would this message be?
    Learn to take a loss. Not closing bad trades keeps you from trading and always ends up with bigger losses. Have an entry and exit strategy.
Sources HERE

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