Isaac showed excellent account and risk management skills in December 2024 and got a $1,000 prize!

Read Isaac's interview and see his account statement – to make your own success story

How long have you been trading?

I have been trading since November 2017.

How did you get involved in Forex trading?

I discovered Forex by chance. I started day trading BTC in 2016 but lost money due to volatility. I then switched to Forex brokers offering leveraged crypto CFDs with more advantageous trading conditions and costs than traditional cryptocurrency brokers. Later, I discovered EURUSD, which had the ideal conditions for me.

What is your trading style?

I consider myself an aggressive but balanced trader. I specialise in EURUSD, occasionally trading oil and USDJPY. I rely mostly on technical analysis, using Fibonacci and support/resistance. I always check economic data releases, which might influence the assets I intend to trade.

Do you practice risk management?

Yes, this is a fundamental premise for being successful as a trader. Although it is difficult for me as I have a high-risk appetite and tolerance. I have developed risk management methods that involve hedging.

What are some good habits smart traders develop?

Maintain a healthy routine, stay open to learning, be humble, develop emotional control, and consider taking financial market courses for a broader perspective.

Describe your best/most memorable trade (How much did you profit? What was the strategy? What pair?

It was this December when I closed hedge positions in EURUSD at the right pivot point, making $600. Though not my highest profit, it was a complex and rewarding strategy.

What advice would you give to new traders?

For beginners, perhaps the best option while they are learning is Tickmill’s Copy Trading to follow successful traders. If you are a beginner trading independently, don’t expect quick profits; instead, treat it like a university education. Focus on learning, specialise in a few assets, and I recommend reading ‘The 25 Rules of Trading Discipline’ by Douglas E. Zalesky. This was a turning point in my learning and evolution as a trader.

Considering the current state of the market, what do you think are the news/events traders should keep an eye on?

The Trump administration’s first moves (affecting EURUSD) and developments in Ukraine and the Middle East (impacting oil) will have macroeconomic effects into early 2025.

What are the most important things you look for in a Forex broker?

Easy deposits/withdrawals, good reputation, strong regulation, responsive customer support, and clear client agreements.