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

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

How long have you been trading?

I started trading in the financial markets in 2014 and have been managing portfolios professionally since 2018.

How did you get involved in Forex trading?

I was introduced to the industry through a recommendation from a university friend.

What is your trading style?

I have two separate portfolios: one long-term and one short-term. For my short-term portfolio, I use scalping, and for my long-term portfolio, I focus only on long-term investments.

Do you practice risk management?

Definitely. If you want to stay in the market, you must apply very strict risk management to all your transactions. Otherwise, it is very possible that you will experience big losses. 

What are some good habits smart traders develop?

A good trader is excellent at managing their psychology. Without risk, there is no gain, but you must take risks at the right time, in the right place, and to the right extent.

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

My most profitable trade was a BTCUSD long position, which I opened in November 2022 and from which I made a profit of $8,872.

What advice would you give to new traders?

New traders should only trade with an amount they are willing to lose in their first year. If possible, they should trade with a demo account for at least a month before switching to a real account.

Being part of a trading community and receiving mentorship from professional traders will enable them to improve very quickly.

They can also follow successful traders on the Tickmill Social Trading platform to better understand their trading strategies.

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

The most important event this year is undoubtedly the US presidential election. In addition, developments in the Ukraine war and the Federal Reserve’s interest rate policy will also be key focuses for the markets.

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

Reliability, trader-friendly trading conditions, and product diversity.