Recently, we had the privilege of sitting down with the exceptional Ali Hussain, who passed the CFDs Lite Challenge. In this exclusive interview, Ali graciously shared his invaluable insights and trading journey, taking us through the highs and lows that ultimately led him to success. Read on to discover how Ali transformed from a novice trader to a seasoned champion.
1.Tell us a little bit about you.
My name is Ali, and I'm from the region of Kurdistan in Iraq.
2. How long have you been trading?
I have been trading for six months.
3. What inspires you to pursue trading?
Technology inspires me. It plays a significant role in my life, and I find trading in financial markets to be an exciting way to utilize technology and make profits.
4. Do you have a trading plan in place, and do you follow it strictly? Briefly describe your Trading Plan.
Yes, I have a well-defined trading plan in place for my future trades. It forms the backbone of my trading approach, helping me navigate the markets with precision and discipline.
5. What was your strategy to successfully pass The Trading Pit Challenge?
My strategy was based on using Fibonacci analysis and identifying upward trends to make successful trades.
6. How would you rate your experience with The Trading Pit?
My experience with The Trading Pit has been great. The company has provided me with valuable opportunities and a supportive environment to grow as a trader.
7. Why did you choose The Trading Pit and not another prop firm?
I chose The Trading Pit because it offers the best trading platform for forex and has low-cost accounts, which aligns well with my trading goals.
8. What would you like to say to other traders that are attempting The Trading Pit Challenge?
To other traders attempting The Trading Pit Challenge, I would advise them to focus on developing a solid trading plan and dedicate themselves to continuous learning.
9. Describe your best trade.
My best trade so far was in the forex market, where I seized a profitable opportunity.
10. What is the number one advice you would give to a new trader?
The number one advice I would give to a new trader is to craft a well-thought-out trading plan and trust in their own analysis and instincts.
11. How does your risk management plan look like?
I maintain a solid risk management plan to approach trading prudently and safeguard my capital from excessive losses.
12. What would you recommend to someone who is just starting with us?
To someone just starting with The Trading Pit, I would recommend being patient and disciplined in their trading journey.
13. Share online resources that were/are significant in your trading development. Names and links are appreciated.
I am self-taught and rely on my personal experiences and observations to enhance my trading proficiency.
14. What made you trust The Trading Pit for your trading career?
The impressive marketing initiatives by The Trading Pit effectively built my trust and convinced me to kickstart my trading journey with them.
