Son Discovered Forex for Father who Won $1000 and iPhone Xs.Interview with the Winner of Battle of Traders
Continuity of generations is not unique to the professions of a doctor, teacher or engineer.Trading can also be added to this list.The winner’s family is a perfect case in point.Frankly speaking, father got an interest for trading from his son.
Three years later, father’s hobby turned into additional income, and his professional skills allowed him to win the contest and get the main prize of $ 1000 and a grand prize – iPhone Xs! We present the winner of the August Battle of Traders – Petrovsky Oleg Grigorievich.
A guy from the Ukrainian city of Nikopol, a power engineer by profession, who likes fishing and trading Forex via smartphone.Why does Oleg Grigorievich prefer aggressive trading and the GBP/JPY pair when he uses Fibonacci retracement? Is Forex widespread in Ukraine? Read the interview with the winner, find out his formula for success and victory in the trading battle in September.
– Oleg Grigorievich, please tell us how did you hear about the Battle of Traders contest and why did you decide to take part in it?
– I learned about your Company about a year ago on the Internet.
A friend of mine also advised you.I read the feedback and I liked it.I generally trust brokers who work with banks more.I read that you used to be a bank, and then set up a subsidiary.
I relied on the feedback and a year ago I opened two trading accounts in NPBFX, since then I have been trading.
I was looking for the contests on the website, but you seemed to have none.Then the Battle of Traders contest came around, and I decided to give it a try.However, July was not fruitful.
– It turns out that from being ranked at the bottom in July you moved to the 1st place according to the results of August.How did you manage it? Have you changed your trading strategy or is it all about luck?
– One can’t do without luck.I have my own strategy and work with retracements.And when I saw that the trader who was in the first place, trades in the same pairs as me, only in the opposite direction, I felt more confident.
Then I took a risk and I made deals that in case of an active pair reversal I’d get thrown out of the contest, I’d say.
In fact, the trading strategy in August was the same as for the first time, but I was already working more carefully, even on a demo account.I had an incentive to get into the top ten.Then I noticed that I consolidated myself at the top three! I was going to the finish line more carefully.
– Who did you share your win in the Battle with?
– With my son! He invited me to Forex.As my son busy at work, he gave up trading.When he saw me on the first line he said: “We’ll see when the money will be yours.” Today I opened an account and made sure that I got the result the winner was promised!
– Oleg Grigorievich, How do you evaluate the terms of the contest at NPBFX?
– The terms are great! The monthly interval for the contest is successfully selected.When there are turns in pairs, time allows you to catch up, even if you missed a little at the beginning, but you’re still trading correctly.
In other companies I participated in quarter contests, which I find dull.
– In August you showed a great trading result: the initial deposit of $5000 increased by 54 times (up to $270153)! According to the rules of the contest, NPBFX Company awards you not only $1000, but also a grand prize – the brand new iPhone Xs! Was it your goal to get an iPhone or it was a pleasant surprise?
– Frankly, it was a pleasant surprise.
I was banking on hitting the top ten.
– Whether you use your smartphone to trade Forex or prefer a desktop version?
– I use smartphone.This month, it was more successful while using it.I’m tied down to my main job.
Forex is like a hobby, an extra income, but it’s nice.
– Please tell us more about the trading strategy that led you to success.What is it all about?
– I use retracements.I’m trying to catch pairs at the reversal.Mainly I try to act according to strong support and resistance levels.I draw Fibonacci retracement and extension grid and then observe what is going to happen.
– Do you use any indicators?
– Mostly not.Sometimes I use Stochastics, and I check the overbought.
– In the course of the contest in August you made 137 deals and 134 of them were in one currency pair – the pound-yen pair (GBP/JPY).Why did you prefer this instrument?
– Three months ago I saw that the instrument was extremely overbought.
It means that sooner or later it will go to the reversal.And it was at this swing that I caught a pair.I like that the movement on this pair is good.
– So you were preparing for the contest in advance?
– It’s true, I chose the pairs for which the trend is upward or downward.I came up with the pounds-yen pair.There was no point in “jumping” into gold.
Although the person who was in the first place worked mainly with gold.I saw the pound-yen pair situation and came up trumps.
– How much time per day did you usually spend on trading in the contest?
– I was looking at the long term, a day or two.
I monitored in the morning whether there were any changes to be expected, if they weren’t, I did not close the deal.During the day I was still monitoring how the morning trading went.
It turns out that it took about an hour a day to trade in the contest.
– Oleg Grigorievich, if one of the traders would like to repeat your trading strategy on their account, what advice will you give them?
– Everyone has their own strategy, as I think.
I cannot recommend it.Leverage is the most important thing and your own approach to each pair.It seems to me that you have a quite good leverage on demo accounts.
– 1000$ has already been credited to your real trading account with NPBFX.
Are you planning to trade using the same strategy as you did on the demo account?
– Basically, yes.But I will be a little more careful.
I like the pounds-yen pair very much.I also consider gold.I prefer aggressive pairs that have a good rise or fall during the day.
– Oleg Grigorievich, tell us a little about your professional path, why did you decide to trade?
– Forex is a hobby that I like.I like to predict the movement of pairs.
If you really keep an eye on the trend, where it goes and when it reverses in time, you can predict a little ahead.It’s nice to see the result when you’re good at it.
– How long have you been trading Forex? What do you consider your main achievement for today?
– I have been seriously trading for three years now.
I have developed my own strategies.There are no great results yet.It has happened that over the past six months I have doubled my earnings and even lost them, gradually.But it’s been for the first time I got such results in the contest.
– What is your job apart from trading? What is your profession?
– I work as a leading specialist in the energy industry.
– Could you please tell us what country and city you are from? How old are you, are you a family man, what do you like besides trading?
– I live in Ukraine, city of Nikopol, Dnipropetrovsk region.
Married, my son is 33 years old and I am 55.Thanks to my son I am in trading.This is more of a youth direction, but I liked it as well.I like fishing very much.As I have a smartphone, I can go on vacation and go fishing as well.
When there is no rise to the bait, I’d like to check if something useful in trading is about to happen.
– In your opinion, can Forex trading be considered a widespread activity in Ukraine? Does anybody from those who knows you trade in financial markets?
– A friend of my age does, but there are more young people involved in trading.In Ukraine Forex was massive in the early 2000s.There were trading courses advertised, etc.Now there is less of it.I think people switched to the cryptocurrency when there was movement in it.
When the crypto-boom ended, people switched to Forex again.
– Are you planning to participate in the new September Battle of Traders contest? Would you advise your friends to join the Battle of Traders contest? Why?
– Yes, I am.But I’m a little bit late.
I signed up late, but I will try catch up.
And yes, I would recommend to my friends to participate in the contest.Monthly interval of the contest is very convenient.Indeed, I think that a monthly interval is perfect.
If you haven’t had time, or you have chosen a wrong strategy or pair, you can change everything and catch up.
My son, who showed me Forex and then gave it up, advises me to try to trade on a contest demo account.And I advise my friends too.I’m not saying this for the sake of advertising, but in fact, one does not lose anything, and gets the skill.
It is never too late to learn.My wife says to me, you are already at the age, but still playing games.
– What would you wish NPBFX and the participants of the next Battle of Traders contests?
– I wish all the traders excellent results, victories and pursue their goals! And for your Company I wish prosperity, and I hope you keep staying good, do not let anybody down.I have never had any delays or problems with withdrawal, so I wish you be on point in future too.Good luck to you in your business, thank you very much!
– Thank you for participating in the contest and for the interview.We wish you new victories and achievements in the financial markets with NPBFX!.
