de | cn | ru

Market News

FXCM King of the Micro winner made an outstanding profit of 2116.39%

Day trading or scalping the forex market seems to be making a comeback. This was seen FXCM's King of the Micro winner for the last month who made an outstanding profit of 2116.39%.

 

Wenzhen Wang, from China, appears to have used scalping strategies on a broad range of currency pairs. Scalping, or short-term trading, can mean making dozens to thousands of trades a day. This is Wang’s second time winning the King of the Micro title and the $25,000 cash prize. Read Wang’s full survey and trade report to learn more about his strategies.
 
Interview with the winner:
 
1. How long have you been trading? 
Over 10 years in stock trades and 5 years in forex trades
 
2. How did you start trading? 
Online trading
 
3. What are your favorite sources for news and/or your favorite technical indicators? 
www.dailyfx.com.hk
 
4. What pair do you prefer to trade? 
No preferred
 
5. How long do you typically hold your trades? 
1 day
 
6. How much time do you spend trading every day? 
8 hours
 
7. What was your most successful or memorable trade, and what was your most unsuccessful trade? 
All past failure trading experience; 
Repeating trading mistakes.
 
8. What do you think your greatest weakness is as a trader? 
Forget past trading mistakes
 
9. What one thing did you do or learn that pushed you over the top?
Minimize the times of repeating trading mistakes
 
10. What kind of personality do you think you need to trade forex successfully?
Dare to loss money when you make a trading decision
 
11. What do you think about forex vs. equities?  Have you traded equities?  Why do you trade forex?
Trading forex:  less complicated, higher risk; may having higher and faster return.  I enjoy trading forex because it is less complicated and easy understandable. 
 
12. How has trading changed your life? 
No change except keeping me busy
 
13. What advice would you give to a new trader? 
Play it with your spare money and improve trading skills by learning from your own mistakes
 
 
About FXCM Inc.
 
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
 
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts.
 
FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

 

TAGS: fxcm  king of the micro  micro account  forex broker  forex contest 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

More Forex Market News

UK's FCA updates its warning list with unregulated forex broker K2 Wall Street

Feb 15 2019 13:02:47

  The Financial Conduct Authority (FCA) has updated its warning list with unregulated broker K2 Wall Street (K2WS) on Friday. Read more

Austrian financial regulator blacklisted Tradeinvest90, FX Market Pro, and KontoFX

Feb 14 2019 13:40:05

   The Austrian Financial Market Authority (FMA) added Tradeinvest90 to its warning list on Wednesday. Earlier this month the regulator flagged other two unregulated forex brokers - FX Market Pro and KontoFX. Read more

Italy's CONSOB warns against ProCapitalFX, GameBtcFx, CryptoClubFX and other unregulated brokerage brands

Feb 13 2019 18:28:36

  Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with a bunch of unregulated brokers, including ProCapitalFX, GameBtcFx, and CryptoClubFX. Read more

CySEC blacklisted clones of BogoFinance and FXJET, as well as several other unregulated websites

Feb 12 2019 13:54:14

 The Cyprus Securities and Exchange Commission (‘CySEC’updated its warning list with clones of BogoFinance and FXJET, as well as two brands of unregulated company Algobit Ltd. - Worldwide CapitalFX and Lite Options. Read more

More than 40 brokers lose their IFSC licenses, including Finpro Trading, Fort Financial Services, Top4FX, and ZB Forex

Feb 11 2019 13:17:43

  The International Financial Services Commission of Belize (the “IFSC”) warned the public Finpro Trading, BlueMax Capital, Fort Financial Services, NPBFX, Salma Markets, Top4FX, IFA FX, ZB Forex and 40 more companies have not renewed their forex broker licenses. Read more

ACCC: Australians have lost $926 401 to investment scams in January

Feb 08 2019 13:09:32

  Australians have lost $926 401 to investment scams in January 2019, revealed the latest Scamwatch report issued by the Australian Competition & Consumer Commission (ACCC). Read more

Spain’s CNMV warns against unregulated broker CFX Point

Feb 06 2019 17:02:39

  Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), issued warnings against forex broker CFX Point, and several other unregulated financial service providers on Monday. Read more

Italy’s CONSOB blacklists FX Market Pro and FXNobel(s)

Feb 05 2019 11:59:33

  Unregulated CFD brokerages FX Market Pro and FXNobel(s) are the latest additions to the long warning list of Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB). Read more

ESMA renews restrictions on CFD trading, implies closer monitoring

Feb 01 2019 16:25:36

  The European Securities Markets Authority (ESMA) announced on Thursday it is renewing the restrictions on CFDs trading for another three months as of February 1, 2019. Read more

Italy's CONSOB added TorOption and FXBreeze to its warning list

Jan 30 2019 13:25:58

  Italy's financial markets regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with unregulated forex brokers TorOption and FXBreeze earlier this week. Read more

de | cn | ru