The key to the transaction is to do a good job in risk control!

Behind every successful trader, there are unique and rich stories and experiences. This is exactly the original intention of our trader interviews. We hope that through their sharing, we will provide inspiration and reference for more traders. Among the many traders who passed the exam, we specially invited Mr. Huang Xi, an EagleTrader trader with ten years of experience in foreign exchange trading. Today, let us enter his trading world together, listen to his trading stories, and explore the secrets of his success.

Ten years of love and persistence

In the vast ocean of the trading market, Huang Xi has sailed for more than ten years. During these ten years, he has witnessed the changes in the market and experienced the ups and downs of transactions. When talking about what motivated him to insist on trading, he said, “Host.” When asked whether he was preparing to use a full-time profit account to make a profit-sharing account, Huang Xi’s answer was firm and decisive: “Full-time.” He knew very well that in order to achieve something in foreign exchange trading, he must devote himself to it and use his professionalism and concentration to capture every fleeting trading opportunity.

This also reflects his own love for trading, allowing him to move forward on this challenging road.

Ruch trading style

In trading decisions, Huang Xi has its own unique judgment criteria. He admitted that technical analysis, fundamental analysis, intuition and experience accounted for 60%, 20% and 20% of his trading decisions, respectively. Technical analysis provides him with an intuitive basis for market trends, basicSurface analysis allows him to understand the deep logic of the market, while intuition and experience become his right-hand assistant to deal with sudden market changes.

Huang Xi has a deep understanding of the key to long-term stable profits: “risk control.” He knows that in a transaction, a major loss is enough to make all previous profits vanish. Therefore, he always puts risk control first and uses a stable trading strategy to resist market uncertainty.

First believe in your trading strategy

The trading strategy that Huang Xi currently uses has undergone a long test, and he admitted that he had never considered making major modifications to it. In his opinion, a stable and effective strategy is enough to gain a foothold in the market. In trading, Huang Xi never considers luck factors. He firmly believes that the success of a transaction depends entirely on his own judgment and execution ability. Therefore, he always conducts a sufficient risk assessment before trading to ensure that he can remain calm and rational in any situation.

Attitude in the face of challenges

Faced with the large losses caused by excessive positions, Huang Xi always remained calm. He will plan risks before trading to ensure that he can stop losses in time when he loses and avoid greater losses. Even if it is too early to exit the plan, he will flexibly adjust the stop-profit and stop-loss and position plans according to the market conditions to ensure the stability of the transaction.

Linding positions is an inevitable topic for traders. Huang Xi has also experienced the blow of liquidation, but he was able to face it calmly. In his opinion, liquidation is only part of the transaction. As long as the plan is properly planned, liquidation will not have much impact on his trading career.

When the position was too heavy and he made a lot of money as planned, Huang Xi chose to stop trading and rest. He knows well that over-trading often leads to mental imbalance and misjudgment. Therefore, he always keeps calm after making a profit, uses rest to restore his strength and energy, and prepares for the next deal.

Strictly abide by risk control

Huang Xi showed an indifferent attitude towards volatility in trading. In his opinion, the volatility of the market is only part of the transaction, whether it is a stable market or a greater volatilityThere are opportunities to find in the market. In terms of risk control, Huang Xi has strict discipline. He uses funds as the risk control standard for every transaction to ensure that the risks of his/her transaction are within an affordable range. This robust risk control strategy allows him to always remain calm and rational in trading, avoiding major losses caused by excessive risk.

Exam gains and suggestions

Pursuing the EagleTrader exam is a rare experience for Huang Xi. He admitted that this exam had a very good restraining effect on his order frequency, allowing him to face the market more calmly and rationally.

Finally, for newly registered traders, Huang Xi gave his own advice: “Do what you can.” He knew that trading is a challenging road. Only by formulating trading plans and strategies based on his actual situation and abilities can he gain a foothold in the market and achieve success.

I believe you have received a lot of incentives and inspiration for the generous sharing of such excellent traders? If you also want to become an EagleTrader trader like Mr. Huang Xi, then click:

https://www.eagletrader.com.cn/Register now to join EagleTrader and become a top trader with us and unleash your trading potential!