CXM Direct Spring-Summer Trading Contest Round 1 has ended. Last week, CXM Direct announced the Round 1 winners. Two of the main prize winners, Nguyen Thi Thu Hang and Nguyen Trong Tai, were recently interviewed. Nguyen Thi Thu Hang, the 2nd prize winner, got an iPhone 13, while Nguyen Trong Tai received an Apple Watch as the 3rd prize winner of Round 1.
In their exclusive interview conducted by CXM Direct, both winners shared their strategies with us, which we hope will help new traders better understand the competition and make the most out of it.
Nguyen Thi Thu Hang mentioned that she has been involved in the foreign exchange trading industry for a long time and has six years of experience. She trades regularly on days when the market is open during the week (24/5). Nguyen Thi Thu Hang emphasized highly liquid currency pairs and indices like EUR/USD, US100/USD, US30/USD, XAU/USD, and UJ/USD because they offer low spreads that allow her to enter and exit trades quickly.
“I choose CXM Direct because it offers free overnight, no slippage when entering orders, convenient deposit and withdrawal, and competitive spreads”, said Nguyen. Her trading trick is to follow the discipline of trading and patiently wait for the entry point according to the right method. Her one piece of advice to new traders is, “Choose one trading method and master it in combination with capital management”.
The 3rd prize winner, Nguyen Trong Tai, said that he learned about the forex market in 2020, but started trading in early 2021 when he was confident to deposit money to start. He mainly trades during the US session and rarely does it during other sessions. Nguyen Trong Tai’s favorite currency pair is EUR/USD because of its high stability and less volatility.
Nguyen Trong Tai said, “I choose CXM Direct because they offer free swaps to their clients. My secret to successful trading is allocating capital properly and following the trading method that is set out in advance”.
“If you are a new trader, you need to develop a trading system that will help you train yourself and learn how to manage capital”, Nguyen Trong Tai advised.
Nguyen Thi Thu Hang's Trading Statement:
Nguyen Trong Tai's Trading Statement:
