FOLLOWME Interview丨Jwolvie

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Source person: Jwolvie - https://www.FOLLOWME.com/u/866...

Background: The interview conducted by FOLLOWME is presenting interesting stories that have been experienced by traders in Indonesia. There are many stories about the struggles in Forex trading, especially if you want to become a professional Forex trader. The story is not meant to discourage new traders but should be seen as a lesson for them to learn what trading is all about. At this moment, FOLLOWME will do an interview with a professional Forex trader and also one of the FOLLOWME top signal providers called Jwolvie. He achieved stable profits gradually. How the story goes? Check this out:

1. Hello, thank you for your precious time to have this interview with FOLLOWME Indonesia. Could you tell us more about what inspires you to be a signal provider?

We experienced the transition from individual trading practice to institutional team trading operation. We learned how to avoid common trading mistakes. We only set reasonable and achievable returns with proper risk. Besides, we control the position size and operate a very strict execution of risk management.

2. What encourages you to do Forex investment?

The foreign exchange market is an open and transparent market with great liquidity. There are more profit opportunities by executing two-way transactions. We can utilize leverage to improve the efficiency of the transaction funds. However, we also do not blindly enlarge trading positions and sizes. Leverage just allows us to use less margin. There are many people participating in the market, and there is no individual market manipulation behaviour against you.

3. What was your biggest challenge when you started trading and how did you overcome it?

We only set reasonable and achievable returns with proper risk management. We cannot be compared with other traders in the market who are chasing high yields. We only seize the opportunities and benefits that we can control to smooth the returns and reduce risks. For overcoming, to me, there is more of a psychological overcoming than a technical thing.

4. Based on your trading experience, what kind of strategy do you use for Forex Trading?

As mentioned in our signal introduction, we practice steady trading strategies. We take positions only with relatively high opportunities. Also, try to pay attention to the entry price level. We mainly trade major currency pairs, such as EURUSD, GBPUSD, USDJPY or minor pairs GBPJPY, EURJPY. We combine EA with manual trading to execute this strategy.

5. In your opinion, which one is more important, technical or fundamental?

We trade more by using technical analysis. At the same time refer to the opportunity for trend reversion caused by important news or changes in fundamentals.

6. How do you define yourself? A short-term, intraday, or long-term investor?

Short-term to medium-term based on the market volatility.


7. We experienced a massive change in Indonesian financial markets recently. Could you share your opinion about this matter?

Quantitative easing in the financial market is over, inflation continues to rise, interest rates rise, and a correction in commodity prices is inevitable. Of course, our trading style is dominated by short and medium lines, and long-term investment is less important in our trading strategy.

8. In your opinion, how important is money management in Forex trading?

Money management is an indispensable element in a risk control system. Without money management, there is no risk control, and trading is bound to suffer long-term losses.

9. In your opinion, how much is the ideal capital or deposit for a beginner trader?

Depending on the trader’s availability of funds for the long term, any figure between 5K USD to 10K USD is the best.

10. What do you think about “Fear in trading” and “Greedy in trading”?

Good question, this one has to do with trading strategy and trading style. The market is fluctuating all the time, which is a good opportunity to get in. The key is whether your trading style is short-term or long-term and whether you are doing trend trading or volatility.

11. In your opinion, what do Indonesian traders need at the moment?

Professional education is needed the most as so many traders are suffering the loss from a lack of understanding of the financial market and mishandling the trades.

12. Why do you think some people still believe Forex is a scam? What would you say to those people?

First, clients have been tricked by high and fixed income from scammers.

Second, most clients don’t really understand how the FX market and broker work, they cannot differentiate between the regulated brokers and scammers.

Third, most Indonesians are not willing to spend time on learning, they are more interested in instant return so scammers are taking advantage of their demands to offer them EA which causes large-scale loss.

13. When making trades, which brokerage do you use? And why did you choose this broker?

I am trading with Maxco Futures right now. Maxco is a regulated broker and has been operating consistently for 32 years in Indonesia. So I won’t have any fund safety concerns.

Maxco is offering the lowest trading cost, ultra-fast execution and a stable trading platform across the whole Indo market.

The technology that is used on Maxco is really cutting the edge, therefore I can manage, and analyze my trades in a very handy way.

Deposit and withdrawal are almost instant during working hours.

Last but not least, Maxco provides so many high qualities training courses and updated market analysis to help me to have a better understanding of this market.

14. While using those broker trading platforms, have you ever experienced a system error on the platform?

I only trade on Maxco and experienced no error happened on my end so far.

15. Have you ever participated in offline or online events about trading/investing?

Yes, I have attended both seminars and webinars. 

16. Have you ever joined a trader community before?

Yes, FOLLOWME.

17. How often do you visit the Indonesian FOLLOWME community? And what's your favourite feature?

I do almost every day browse FOLLOWME.

My favourite features on FOLLOWME are copytrade, news, UI, and risk setting. Actually every feature on FM. 

18. What advice could you give to a non-professional trader who wants to start trading?

The first one is to learn from successful traders or teams who are experienced and have an excellent trading track record. The second is to do real transactions with small funds in the real market so that you can achieve real trading experience and ability. Third, you can copy the trading signals in the FOLLOWME community to observe the successful trading behaviour and details of these successful trading signals in real-time.

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Proofreading: Jelly