We’re pleased to present the winner of the latest round of our King of the Hill contest; Rustam Tayirov. We conducted a short interview with Rustam in which we asked him to tell us a little bit about himself and to share some of the secrets to his success.
Congratulations on your victory! Why did you decide to take part in this contest? What was it that attracted you?
I have always known that my competitive spirit is what helps me be successful in any endeavour, which is why I took an interest in this contest. I wanted to see whether I’d be better at trading when competing with other traders.
Well, clearly you were! What do you need to win King of the Hill? Could you share the secret to your success?
I think that everyone has their own method, but for me, the most important thing is avoiding long streaks of losing trades. This is what will lose you the game.
Forex is often a story of peaks and troughs. Tell us about your biggest win and biggest loss on the Forex market.
Peaks and troughs are a recurring theme in Forex, especially when you’re trading binary options. I’ve had some very fortunate days, as well as some days when my trading strategies simply stopped working.
What do you use to help you with your trading? Strategies, news, advice from other traders?
Combining strategy with intuition is what helps me, along with trying to avoid trading during important news releases as the market is simply chaotic at such times.
Do you think that trading is for everyone? Or is there a certain type of person you’d advise against trading on the currency market?
Trading is only for the most patient and cautious people. I think that impulsive people should stay away from it.
If you were given 10,000 USD and were told that you have to spend it all by the end of the day, how would you spend that day?
If I had to spend it, I’d probably fly off to an island somewhere with my family.
What will you spend your competition winnings on, if you don’t mind us asking?
My winnings from the contest will, of course, go back into trading.