With more than one year of trading experience, how did he pass the EagleTrade self-operated trading exam

In Eagle
Trader, many traders have proved their trading strength through tests, and Liu Zhang is one of them. Although he has only been involved in foreign exchange trading for more than a year, through this proprietary trading exam, he not only consolidated his trading skills, but also further clarified his trading goals and strategies. Next, traders Liu Zhang will share his experience in foreign exchange trading, mentality adjustment, and the key to achieving long-term and stable profits.

More than one year of trading experience

Trader Liu Zhang has been involved in foreign exchange trading since October 2023. At first, he was attracted by the potential profit opportunities in the trading market, but over time, his interest in exploring market laws has continued to increase, and he gradually took the desire to challenge himself and realize financial freedom as his driving force for continuing to deepen his business in the trading field. By Eagle
After the Trader exam, trader Liu Zhang also decided to manage profit-sharing accounts full-time.

Strictly implementing the trading system is the core

In trading decisions, Liu Zhang trader emphasized the importance of technical analysis and fundamental analysis. He said that technical analysis and fundamental analysis each account for 40% of decisions, while intuition and experience account for 20%. He believes that the key to long-term stable profits is to establish and strictly implement a trading system that suits you. This system not only includes clear trading signals, reasonable capital management and complete risk control, but also requires maintaining a good trading mentality.

When facing trading strategies, Liu Zhang trader demonstrated a high degree of flexibility and adaptability. The last major adjustment strategy was a month ago to adapt to Eagle
Trader’s self-operated trading exam, he made necessary revisions. Regarding how to eliminate the luck factor, he made it clear that trading decisions should be based on systems and rules, rather than relying on luck. He believed that “luck” does not exist in rigorous trading logic.

Fund safety is the first

Faced with sudden losses or excessive positions, traders Liu Zhang always adhere to the principle of capital safety first. He mentioned that if a large loss occurs and it is still early to exit the plan, he will close the position immediately and recalculate the ratio of the loss amount to the lossable amount to ensure that the risk is within a controllable range. He believes that the trading machineIt will always exist, and financial security is always the top priority.

The trader Liu Zhang has also experienced the painful lesson of losing positions. He described that he had increased positions against the trend and carried over the floating losses in the past. At that time, his mentality was unbalanced and he tried to recover his losses by “gambling”, but in the end, his mentality collapsed led to repeated failures. Fortunately, he did not let these failures lead himself to the path of no return, but instead used this to reflect and adjust his mentality so that he could calmly deal with subsequent market fluctuations and profit and loss changes.

When faced with profit retracement, Liu Zhang’s trader’s approach is to make judgments based on his own trading system. He will first consider the risk control of the principal and observe whether the profit retracement is within the expected range. If the drawdown exceeds 3% of the initial capital, it falls within the scope of its trading system.

Plan in advance for each transaction

In the view of traders Liu Zhang, stable markets and high volatility markets have their own unique features. He prefers stable unilateral trends or large fluctuations, because small fluctuations and stable fluctuations often mean that the market’s long and short forces are relatively balanced and lacks a clear trend.

For the risk management of each transaction, traders Liu Zhang strictly abide by the formulated trading plan. Before each transaction, they will clarify the trading type, entry price, stop loss and take profit points, position size, etc. In each transaction, he generally controls the risk tolerance of each time to up to 10%.

He also shared his experience after experiencing a retracement, which he believes will take about 10 days on average to return to the previous highest net worth after the retracement.

Attend Eagle
Trader’s self-operated trading exam, Liu Zhang said that the biggest gain is position management and risk control, which are also the core elements of his continuous improvement and improvement in trading. He also recommends the newly registered Eagle
Trader traders should effectively integrate the rules and mechanisms of Eagle Trader into their trading system to avoid emotional operations and thereby improve the stability and systemicity of trading.

We are also very happy about the growth of Liu Zhang traders. After all, it is our original intention to continue to incubate successful traders. We sincerely hope that Liu Zhang traders can go further and further on the road of trading and achieve higher achievements.