Company News

Interview with the FXDrive Winner!

* Past performance is not indicate of future results.

Li Zhi from China won 1st place in our October FXDrive contest!

Maybe you'll be the winner in November? ENTER OUR CONTEST for your chance to win great cash prizes or a BRAND NEW INFINITI FX35!

You can find Li Zhi's interview below. In it, she shares some of her money management tactics. It's evident from speaking with Li Zhi that she has a very cool, calm demeanor and an unfaltering devotion to her trading strategy. It was these factors that helped her conquer the forex market. Traders are encouraged to read her interview and put her tactics into practice!

When you're done reading her interview, check out her trading report to see firsthand how an investment of $1,000 turned into $17,568.30 in just a week.

From her pose alone, we can see that Li Zhi has a powerful disposition.

Forex Club: Where are you from?

Li Zhi: Dalian City, Liaoning Province, China

FC: What do you do for a living?

LZ: I work in a catering business.

FC: Do you have any hobbies?

LZ: Money management.

FC: How did you hear about Forex Club?

LZ: I found Forex Club's website by searching on the internet.

FC: What were the main factors that contributed to your success?

LZ: Keeping a cool head, keeping all my emotions in check and sticking to my trading strategy. I had complete control over my emotions and because of this I was able to seize opportunities as they arose.

FC: What did you think about the ExpressFX trading platform?

LZ: Its zero spread trading had a big influence on me. I liked it a lot. The software had powerful functionality and was very stable. If the platform could place an order faster, it would be perfect.

FC: Do you plan on participating in the following rounds of the FXDrive contest?

LZ: I do plan on entering again. I hope I can show good results again.

FC: And finally, what the other traders have been waiting for; could you give us any words of advice?

LZ: There are many ways to be successful on the forex market. From my experience I found that you must determine your mindset before you start trading. Traders must keep everything simple. Limit the number of currency pairs to trade. For the contest, I only focused on one pair. Also make sure you choose a proper price level to enter the trade and most importantly, stick to your trading plan no matter what.

Click Here to View Li Zhi's Trading Report

31 October |

15 comments

Comments:

31.10.2009 07:18

Hullo Li
Wonderfull achievement congratulations.
If I may ask what indicators did you use. I use bollinger stochastic alligator and 2 MA's. I have been doing currency for two weeks so I do not really know what I am doing yet.
Once again congratulations
James

31.10.2009 18:47

Li, very very good.I would like to know what strategy you used . If you want to keep it secret I will understand

01.11.2009 23:26

Ramon

Congratulations Li :)

02.11.2009 03:11

li, very sucessful trading, i just want to ask you what indicator and timeframe do you use for gbpusd only??

02.11.2009 05:27

I still can not access my contest platform despite using the correct log in and password and have not yet got my bonus

03.11.2009 06:41

Adam

Congratulations Li Zhi for your great winning! BTW, i want to know is it possible to use ClassicFX platform for the demo contest?

03.11.2009 16:14

shamrulez

Great performance n congratulations to Li (China) n Янущенко (Belarus)....Good rally!!!...

04.11.2009 11:16

Hi Li,
Congratulations! Well done. Unfortunately I had to miss out cause internet was down but maybe next time. Hope I can do only half of what you did.

04.11.2009 13:52

To John,

I sent you an email a few days ago regarding your request. Please let me know if you received it.

To Adam,

Sorry, our contest is only available on the ExpressFX platform.

To Alice,

Our next contest starts on November 8th. We hope that you can enter!

04.11.2009 16:00

Steven

Let say if i win the first place, can i opt not to be interview or at least not by phone because my english and accent were not so good. Most of the times, i use online dictionary to translate what i am going to write.

04.11.2009 18:41

Hi Steven,

The winner of the FXDrive contest shouldn't be shy. Our staff is extremely diverse, so we should be able to communicate smoothly in the winner's native tongue.

07.11.2009 16:25

Khairul

Do you allow scalping strategy? How can I find more information about OFAC country list? Is Malaysia include in OFAC country list?

08.11.2009 17:34

Hi Khairul,

Scalping is allowed, but as you try our platforms, you'll see that it's *not* advantageous to scalp. Traders who try to scalp on our platforms do not make profit. You can try it out for yourself, but it you do don't do it on your contest platform because it'll just result in a loss of money for you and lessen your chance of winning real money on the contest.

Best trading practices say to place only a few long term trades per day. If you look at our last contest winner (Li Zhi)'s trading report, you'll see that she won $16,000 dollars by placing about 3 trades a day. The point; scalping is very risky and isn't the best practice for a trader.

You can find more about the OFAC countries at this link: http://www.treas.gov/offices/enforcement/ofac/sdn/

Malaysia isn't on the list. We actually have quite a few traders from Malaysia, and we welcome more! :)

14.11.2009 04:06

Did you set you profit or loss when you trade?
Since 1 pips of $100,000 is $1,000 and you may lost your capital right away like the way you trade?
Please let me know, thanks.

21.02.2010 09:14

I would like to see the Chen Likiu's Trading Report. His results are unbelievable. I couldn't imagine he's trading alone. Does he have a team working 24 hours on 24? Also if it's not to personal, what's his favorite indicators? The Ichimoku I guess!