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When there are no rules, trading turns into chaos. When your own money is at stake, the value of rules becomes more obvious than ever. So thinks Dmitry Myasnikov, the winner of 337th round of Drag Trade. In the interview, he told us of his serious approach to Forex and the maxims of his multicurrency trading system.

Trader’s path

My very first trade was placed on a demo account in late 2009. The next year I started trading on real accounts and participating in contests on demo accounts along the way. I’m an accountant, but recently I’ve been working remotely from home for health reasons. I try to spend three hours a day on Forex, and I trade every day. I’m sure that anyone can become a trader as long as they don’t break their own rules and trade with multicurrency system. Now Forex is my favorite hobby, but I hope it becomes my primary occupation in five years or so, since the potential profit is not limited by anything. It’s easier for me to trade on five small accounts with $200 on each, than on a single one with $1000. I expect at least 3% profit from each of my accounts, but the last month resulted in 10% to 25% profit.

My trading system

I don’t pay heed to analytic forecasts. Every morning I look through the economic calendar, watch news and if something important comes up, I try to avoid trading half an hour before and after the publication. Or at least I trade with instruments that likely won’t be affected by that particular piece of news. When opening trades, I rely on signals I received from my own trading system. I repeat myself, it is vitally important to develop your own trading system and never break its rules. My trading system is multi-currency, it’s adapted for all currency pairs. The system is based on the crossing of moving averages, 50 and 100, and also AO indicator from Platform 4. Within my system I trade only with the trend direction on H4 and H1 charts. AO indicator on H4 chart confirms direction of the trend.

Trading instruments

Almost every day I open short-term scalping trades. I have experience and a developed multi-currency trading system, so now I can trade any instruments from Platform 4, even metals and oil. One of my first exotic instruments was GBP/HUF pair (British pound/Hungarian forint). The spread was 65 points, but I was easily expecting profit from 500 points, and sometimes even up to 2000.

Drag Trade contest

Grand Capital offers favorable conditions, competitive spreads and fast withdrawal. And Drag Trade is the only contest where you can win real money in an hour of trading. I won thanks to correctly chosen instrument, GBP/NZD pair. I assumed that it was headed for correction (for about 100 points) and during the contest I traded only with it. And so I won.

Grand Capital keeps conquering the region of South Asia. We are glad to announce that very recently our office in Guntur, India has opened a forex trading school.

There are five courses currently offered to traders, which last from two days to three months and the curriculum includes technical analysis, money management, trading phychology, risk management and investment techniques, as well as customized trading systems. The shcool regurarily holds seminars and workshops.

The address of the school: # 5-90-24, 6/1 LINE, CHANDRAMOULI NAGAR, GUNTUR - 522 007, ANDHRA PRADESH, INDIA. The school's coordinator can be contacted by phone: +91 7661979797.

Clinets can also receive consultations about all Grand Capital products and services in the office during the working hours: Monday to Friday 9:00AM to 6:00PM. 

Yours truly,
Grand Capital team 

Successful people say that records only exist to be broken.  Last week the most active client of Grand Capital placed 1711 successful trades. Read more about this and other facts in our traditional weekly recap. Compare your trading results with others and strive for the best!

Here's the recap of the last week:  

The most active client

Placed 2992 trades, including 1711 profitable ones and 1281 that resulted in a loss.

Maximum deposit growth

In one trading week on a single account was +$28 833,00.

The most profitable trade of the week

Resulted in a profit of +$10 422,00. The trade was opened on the 20th of October at 4:45PM and closed on the 24th of October at 11:09AM.    

The most interesting trading instruments chosen by traders:

#CL – Crude oil futures. Light Sweet Crude Oil is traded at NYMEX. This brand is the most popular of all. Contract volume: 1.000 barrel;

#RP – Euro/British Pound futures. It is a low activity contract; its daily volumes don't exceed a few hundreds of contracts. Contact volume - 125 000 Euro, minimum price fluctuation (1 pip) - 0,00005 Pounds for 1 Euro or 6,25 Pounds per contract.

#ZR – Rice futures contract. It is traded at Chicago Board of Trade (CBOT). Rice is one of the most expensive crops to produce. It is produced worldwide and is the second among the three crops, losing to wheat and overrunning corn. 

#SBER – Sberbank is the main creditor of the Russian economy. Sberbank has 17,5 thousand branches across Russia.

#GE – General Electric is an American corporation, manufacturer of many types of equipment, including locomotives, power plants (including nuclear reactors), gas turbines, aircraft engines, medical equipment, etc.

Earn with Grand Capital!

Sometimes lightning actually does strike the same place twice. Anatoly Shevchenko from Krasnodar Krai won our Drag Trade contest in 2013 and now he proved that the sky is the limit, having won Rally Trade. In the interview Anatoly told us how he managed to best all his opponents one more time and what part Japanese yen had in it.

$6000 in a couple of minutes

I’ve been interested in trading since 2000, but it was more of a hobby at first. For fifteen years I had been working in IT department at a local telephone exchange office: I used to do programming and technical support. But now, when I have no permanent occupation, I can give all my attention to trading and try to make a living off it. I began with reading Adam Smith, Charles Dow and books on candlestick charts, actively participated in trading contests. In 2013 I took the first place in Drag Trade contest. I even remembered the date — 13th December, 2013. But now I was just lucky. About 6AM (UTC+4) Japanese yen made a spike upwards and went up 70 points, I managed to take 45 of them and thus gained $6000 in a couple of minutes. This was the trade that got me to the first place.

«I deposited 1000 rubles and earned about 8 of my usual salaries» 

Sometimes you are lucky enough to place as much as 30 profitable trades in a row. Once, in 2006, I was on holiday and earned about 8 of my usual salaries, with the initial deposit of just 1000 rubles. Mainly I use ordinary indicators like Fractals, Bollingers Bands, Moving Avarage, draw Fibonacci retracement and resistance trend lines. Speaking of the instruments, I trade currency pairs, namely EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, GBPJPY, AUDUSD, NSDUSD and also gold and silver. What advice can I give to beginners? I suppose, to be disciplined and control your losses. Keep your risks as low as possible — Euro can move 150 points in a couple of hours with no effort. As for the indicators and strategies, I think everyone should choose and test them on their own.