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Contest Winner's
FXDD - MAZDA Contest Rules, Forex Trading | FXDD Racing

Ranking
Name
Country
Account
%Gain
Trades
1.
Wensuo Y.
China
4MT5xxx3
1227.49%
384
2.
Lixiong C.
Netherlands
4MT6xxx9
289.92%
479
3.
Vladimir K.
USA
PTL1xxx0
230.51%
251
4.
Mohamed R.
Malaysia
4MT5xxx2
202.46%
114
5.
Lin S.
China
4MT8xxx3
193.93%
169
6.
Sulan H.
China
4MT8xxx7
145.27%
133
7.
Robert S.
USA
4MT5xxx7
143.76%
1155
8.
Liwen W.
China
MTR1xxx2
109.25%
235
9.
Michael D.
USA
PTL1xxx7
105.24%
311
10.
Arie B.
Indonesia
4mt6xxx2
104.54%
1254

Below are testimonials from the winner's of the FXDD Mazda Contest.

Yang W.
Q: Where did you learn about FXDD, and why did you select FXDD as your trading partner?
A: I was referred to FXDD via fxstreet.com. I have tried different platforms and like to use MT4 which is provided by FXDD.

Q: What do you think is important in order to be a successful trader in the Forex market?
A: Everything is possible. It's a game. Don't be overly encouraged because every trade is new. Rick management is very important.

Q: How did you start to trade Forex? What about Forex trading is interesting to you?
A: The stock market was not well in the 2nd half of 2007 so I tried something else. I choose Forex trading.

Q: At the beginning of your trading life, how big was your account?
A: I started with 500 USD and my second deposit was 750 USD. My total investment was 1250 USD.

Q: Did you have successful trades during your initial trading stage?
A: No. The first 500 USD was lost. So I transferred another 750 USD to the account.

Q: Could you tell us how your career affects your trading life?
A: During my working hours, it is the most volatile time for Forex trading. So it limits my trading opportunity.

Q: Do you trade full time or part time? What is your trading routine?
A: I trade part time or whenever possible.

Q: What kind of technical indicators do you use for trading? Please share some experiences.
A: I use different ones for example MA, RSI, William's, RSI. But I still need to learn more. On the other hand, the trading habits used are more important.

Q: What is your view about high leverage in Forex trading?
A: It gives me a good opportunity to earn money. That is why I am trading in Forex.

Q: Are you a short term trader or mid-term/long-term trader? What indicators play important role in your trades?
A: Short term. There is too much risk. I want to learn more about how to be a successful mid-term trader.

Q: Do you trade news often?
A: Sometimes. Just want to make some possible profit.


Sapp R.
Q: Where did you learn about FXDD, and why did you select FXDD as your trading partner?
A: The main system I use, uses FXDD as their recommended broker.

Q: What do you think is important in order to be a successful trader in the Forex market?
A: Patience, and good money management.

Q: How did you start to trade Forex? What about Forex trading is interesting to you?
A: It was a way for me to make extra money and better leverage then trading stocks.

Q: At the beginning of your trading life, how big was your account?
A: 1000

Q: Did you have successful trades during your initial trading stage?
A: No.

Q: Could you tell us how your career affects your trading life?
A: I trade full time now, my business didn't allow for trading at the most volatile hours, being that I do not live in the US makes it hard to trade London hours and maintain a job.

Q: Do you trade full time or part time? What is your trading routine?
A: I trade fullt time. I now trade from about 0400 GMT till about 1700 GMT.

Q: What kind of technical indicators do you use for trading? Please share some experiences.
A: I use a trend indicator, FIBO's and HLC of previous day, and RSI for exiting trades.

Q: What is your view about high leverage in Forex trading?
A: High leverage, if used properly, can maximize your profits more than any investment tool available.

Q: Are you a short term trader or mid-term/long-term trader? What indicators play important role in your trades?
A: I trade all of the following: short/daily, mid/weekly, and some I may hold for upto a month.

Q: Do you trade news often?
A: I try to avoid the news, as the whiplash and spread will wipe out your stops.

Q: How do you handle risk management?
A: I try never to have more then 20% at risk at any given time, usually have less then 10% risk most of the time.

Q: How many lots do you place per trade? What is the percentage in terms of account equity?
A: It varies, if daytime trading, usually 2 %- 10%, longer term 1% or less.

Q: How do you manage the open positions?
A: I have a set amount that I'll allow a drawdown, when it hits I'll close out the position.

Q: Do you place stop loss and take profit after opening positions? What helps you decide the stop loss and take profit prices?
A: Most of the time I do not but it depends if it is a day trade I usually set both, my tp's are usually based on the movement from the previous day and news predictions.

Q: How do you manage your emotion during trading? And how does it affect your trading results?
A: I try to spend my time in a trading chatroom so I try to watch the trades, as I might close a trade too soon.

Q: Did you ever have any trading mistakes during this contest? And what did you do?
A: I close some trades prematurely and overleveraged my long term trades a couple of times.

Q: How are you satisfied with trading Forex on our MT3/MT4 platform?
A: The platform is nice, and trade execution is smooth, if I dedicate my connection to just FXDD.


Wang L.
Q: Where did you learn about FXDD, and why did you select FXDD as your trading partner?
A: I was referred from friends.

Q: What do you think is important in order to be a successful trader in the Forex market?
A: I recommend having good emotional control and try not to get greedy.

Q: How did you start to trade Forex? What about Forex trading is interesting to you?
A: Due to interest and I also wanted to understand the market better.

Q: At the beginning of your trading life, how big was your account?
A: I started with a small account.

Q: Did you have successful trades during your initial trading stage?
A: No.

Q: Could you tell us how your career affects your trading life?
A: My career is flexible so I have time to do some trading.

Q: Do you trade full time or part time? What is your trading routine?
A: I trade part time.

Q: What kind of technical indicators do you use for trading? Please share some experiences.
A: MACD

Q: What is your view about high leverage in Forex trading?
A: High risks and high returns.

Q: Are you a short term trader or mid-term/long-term trader? What indicators play important role in your trades?
A: Both methods using MACD in trading.

Q: Do you trade news often?
A: Sometimes.

Q: How do you handle risk management?
A: I am still in the learning process.

Q: How many lots do you place per trade? What is the percentage in terms of account equity?
A: I would say 70%

Q: How do you manage the open positions?
A: My account is small.

Q: Do you place stop loss and take profit after opening positions? What helps you decide the stop loss and take profit prices?
A: No.

Q: How do you manage your emotion during trading? And how does it affect your trading results?
A: I am still learning to manage my emotion.

Q: Did you ever have any trading mistakes during this contest? And what did you do?
A: Yes, I try to learn from the loss.

Q: How are you satisfied with trading Forex on our MT3/MT4 platform?
A: Yes.


Dujardin M.
Q: Where did you learn about FXDD, and why did you select FXDD as your trading partner?
A: I learned about FXDD on the internet. It was very easy to setup a mini account with FXDD.

Q: What do you think is important in order to be a successful trader in the Forex market?
A: I recommend having patience and a good trading strategy.

Q: How did you start to trade Forex? What about Forex trading is interesting to you?
A: By opening an account with FXDD and not needing allot of money to open the account. I like the excitement of making money with little effort on my part.

Q: At the beginning of your trading life, how big was your account?
A: 3,000 USD.

Q: Did you have successful trades during your initial trading stage?
A: No, I lost a good deal of money.

Q: Could you tell us how your career affects your trading life?
A: Trading does not affect my career because I always have my laptop with me.

Q: What kind of technical indicators do you use for trading? Please share some experiences.
A: I use the Parbolic SARS Initial step:20, Increment:20, Max step:2, Simple Avg:21 offset, 0 close, Expontial Avg: 18 offset, 0 close, Expontial Avg: 8 offset, 0 close. I have been doing OK with these indicators and my trading strategy.

Q: What is your view about high leverage in Forex trading?
A: I like the leverage, this lets people like myself make money without taking the great risk of trading the Forex.

Q: Are you a short term trader or mid-term/long-term trader? What indicators play important role in your trades?
A: Mid-term/Long-term trader. Parbolic SARS.

Q: Do you trade news often?
A: I do not trade the news.

Q: How do you handle risk management?
A: I try not to trade more then 10% of my account at one time.

Q: How many lots do you place per trade? What is the percentage in terms of account equity?
A: I trade 2 lots at a time which is about 10% of my account.

Q: How do you manage the open positions?
A: I check them 3 times a day.

Q: Do you place stop loss and take profit after opening positions? What helps you decide the stop loss and take profit prices?
A: I always put stop loss and 1 take limit per trade. I go back 2 days and place my stop at the close of that day. My 1st take is always 100 pips of my entry price.

Q: How do you manage your emotion during trading? And how does it affect your trading results?
A: I try not to get upset when I loose money and simply move onto the next trade.

Q: Did you ever have any trading mistakes during this contest? And what did you do?
A: Yes alot but I kept a positive attitude and slowed myself down.

Q: How are you satisfied with trading Forex on our MT3/MT4 platform?
A: I use the Premiere Trade platform, the MT3/MT4 platforms are too hard to understand.


Budiono A.
Q: Where did you learn about FXDD, and why did you select FXDD as your trading partner?
A: I learned about FXDD from my trading mentor Felix Budhy Widjaja who referred me to FXDD as a Forex broker.

Q: What do you think is important in order to be a successful trader in the Forex market?
A: Discipline, consistency, and patience.

Q: How did you start to trade Forex? What about Forex trading is interesting to you?
A: I started learning Forex when I attended a workshop conducted a few months ago. Forex trading is interesting to me because it is very high liquidity and high leverage and can run 24 hours. I can also use automatic trading to trade Forex.

Q: At the beginning of your trading life, how big was your account?
A: 5,000 USD.

Q: Did you have successful trades during your initial trading stage?
A: This is my first trade.

Q: Could you tell us how your career affects your trading life?
A: It is not affected because I use EA to trade my account.

Q: What kind of technical indicators do you use for trading? Please share some experiences.
A: I do not use indicators only EA script with parameters provided by my mentor.

Q: What is your view about high leverage in Forex trading?
A: High leverage is one of the advantages of Forex and as far as we can manage the money management we will succeed in this arena.

Q: Are you a short term trader or mid-term/long-term trader? What indicators play important role in your trades?
A: I am a short term and long term trader depending on the portfolio. Again, I do not use any indicators so this is not important to me.

Q: Do you trade news often?
A: No.

Q: How do you handle risk management?
A: I do so by using Maximum Risk % of the total capital.

Q: How many lots do you place per trade? What is the percentage in terms of account equity?
A: I place many lots but do not remember precisely because I use an EA, as you see there are thousands transaction in one month. I do not keep count.

Q: How do you manage the open positions?
A: I let my EA do it all for me.

Q: Do you place stop loss and take profit after opening positions? What helps you decide the stop loss and take profit prices?
A: I place a stop loss and take profit when I start opening positions. It is automatically generated by my EA.

Q: How do you manage your emotion during trading? And how does it affect your trading results?
A: I use an EA to work for me keeping my emotions out of the trading experience and you see the results for a month but unfortunately I miss managed the risk level in the end of the year 2007.

Q: Did you ever have any trading mistakes during this contest? And what did you do?
A: No.

Q: How are you satisfied with trading Forex on our MT3/MT4 platform?
A: I am satisfied with MT4 but I do not like the widening spread when news events come out.

 

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