The winner of the 167th round of Formula FX was Evgeniy Drokin with an excellent trading result of 684% return for the week. He kindly agreed to answer a few of our questions:
Evgeniy, how long have you been taking part in trader contests and to what ends?
This is the fourth time I’m taking part in Alpari’s contests. I once before made it into the top twenty. This time around my results were much better and it’s nice to see myself at the top. On the whole, general interest and chance play their part in the trading contests. It really is that simple.
Can you tell us a little about how you started trading Forex? Do you remember your first experience?
I got into trading Forex back in 2005. As like most people, my first experience was a successful one and then I lost all of my deposit. A lot has happened since then and now I trade more carefully and make more informed trading decisions.
What do you do other than trade Forex?
I work as a manager in a large trading company.
When and how do you trade Forex?
During the course of the day. I usually make trades using the mobile terminal via my phone. If I’m honest with you, I don’t really have a concrete trading plan; I just read the news and analyses from popular websites.
How do you analyse the market?
I’m for technical analysis. It’s not very difficult and bears fruit.
What is the most valuable financial advice you’ve ever received?
I think the most important experience is that which you get from your mistakes.
We wish Evgeniy further trading successes and we also would like to remind you that the next round begins on 4th July. Get yourself registered and maybe you could be the next winner!
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