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On April 15 the third “999” demo contest was successfully completed. This competition was really  the most intensive one if we compare it to all previous contests.

533 traders from the six continents took part in “999”. Till the very end of the contest there was an intrigue: nobody knew who the winner would be, since the gap between the rivals was minimal.

As a result, the holders of prize money are: Riyaz Ahmad Khan (India), Irina Zenchenko (Ukraine) and Rohlan Samino (Indonesia).

The winners kindly agreed to reveal the secrets of their success, strategies and impressions of “999”.

FBS: How long have you been trading? How has  it turned out, that you have got acquainted with exchange trading?

R.A.K.: I’ve been trading in Indian national stock exchange for the last 6 years and, by chance, using my net search I got to know about Forex trading. I’ve been learning and trading in Forex for the last 15 months. I started my real account trading with FBS micro account. I opened Welcome Bonus account and even invested my own funds, but I lost because of lack of knowledge. After that I started trading in contests and demo accounts of different brokers.

R.S.: I’ve been trading for about 1 year. I learned about  Forex from the Web.

 

FBS: What currency pair do you prefer to trade in? Why?

R.A.K.: I like EUR/USD, GBP/USD and EUR/JPY, because of their liquidity and volatility.

R.S.: I am still a beginner, that’s why I like the EUR / USD.

 

FBS: Tell me, please, about your impressions on participating  in «999» contest.

R.A.K.: I’ve learned a lot, thanks to this contest, and, as a result, I won. During the contest I created and implemented my own strategies. FBS has a great trading platform for such new babes as I am.

R.S.: With “999” contest I tried to test my trading skills. And I managed to trade successfully.

 

FBS: What trading strategy did you use during the contest «999»? What helped you to make decisions?

R.A.K.: In the first period of the contest I tried to accumulate and increase my base capital by using both technical and fundamental analysis. On the last step I used scalping and decreased my orders.

R.S.: My strategy in «999» contest is «Naked Trading», because I didn’t use indicators. In my opinion, indicators may make you dizzy.

 

FBS: What qualities in your opinion should the trader possess so as to be successful in trading?

R.A.K.: In order to be successful, you need to study constantly, create your own strategies and use them with confidence. Money management and patience are the major factors that can affect our trading.

R.S.: To be successful in trading you should study and Never Give Up. That’s the guarantee of success.

 

FBS: What could you advise to the traders-beginners?

R.A.K.: Trading is not a one-day game. Wait, watch and then implement. Keep patience during trading and take part in contests or try to trade in demo account before any real money investment. And finally, learn, learn and learn.

R.S.: I am also still a beginner, but I would advise you not to be afraid of loss.

 

We would like to remind you that the registration for the new “999” Contest will take place from 25.04.11 to 09.05.11 inclusive.

The contest starts on May 10.

Hurry! Register, take part and win!

 

* Irina Zenchenko has become the winner twice. You may read her interview here: http://www.fbs.com/about/news/6464