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While some prefer to rely on luck and others on hard work, there are some who believe in talent. But is trading really for just anyone or there are some obstacles that can’t be overcome? We’ve tried to find the answer to this question together with our newest winner of Rally Trade contest Alexandr Myasnikov, who knows what it is really like to strive and to achieve.

What a trader needs

I’ve been trading for over 5 years. It all started with an ad in the internet which was portraying Forex as a good source of extra income and offering a training course. I was already retired at that time, so I thought why not to try it just for fun. My first trading experience was far from perfect. I wanted to make a lot of money and fast, which led to loss of several deposits. But I’ve never quit – I just wasn’t ready to let it go. From my experience the two main things you need to be successful on Forex, are the knowledge and patience. And if knowledge comes with experience, patience is not something anybody would have. That is why not everybody can be a good trader, I think.

Learn math and wait for luck

Internet has always been the only source of trading knowledge and ideas for me. When I was just starting, I was looking for fellow traders, learning technical analysis, testing trading instruments and choosing brokers on various forums. I chose Grand Capital for affordability and honesty. I participate in your contests all the time, despite the fact that sometimes I show really bad results. However, I want to give the following advice to all the novices out there: don’t be afraid to take part in contests and of course, learn math. This is the eternal truth.

No matter we do, most of us sometimes wish that there was some kind of a “magical formula” which will bring us admiration and money in no time. Unfortunately, in most cases there is no such thing. Trading is not an exception. But does it mean that we should stop reading about someone else’s “success secrets” and concentrate on our own ups and downs instead? And does it mean that there is no Holy Grail of trading at all? Well, it is a serious question, which requires a long discussion. Sergey Zhukin, the newest winner of Drag Trade contest has his own view on the complicated matter.

About the trading, major mistakes and sources of ideas:

My trading career started when I was on the second year on University. I was studying economic cybernetics and it seemed quite interesting to try trading as it required use of automatic trading, programming and economics – pretty much all that I needed. Qualities of a good trader? I think that one of the most underestimated is a cool head. There’s nothing in trading for you if you don’t have it. As per common mistakes, they are greed, overestimating intuition, high risks… Ideas for trading I get from economic calendar only. I don’t follow someone else’s prognosis, I make my own. I am not trying to find The Holy Grail of trading or something. I just trade everything that I see.

About trading strategies and Grand Capital contests:

For me, the most successful strategy is risk management, not a technical and fundamental analysis. I mainly trade volatile pairs like GBPJPY and EURGPY. For all the years that I’ve been trading I was able to create my own list of trusted brokers. Grand Capital is one of them. Their contests is a good start. They can provide you with a good background for your future trading. To all the beginners I recommend to choose a demo contest, risk all you can, go crazy . But after you win, just slow down and reflect on what has happened.

Dear clients!

Once again we’ve improved our Deposit/Withdrawal section by adding Payza payment system, which is available in 197 countries and especially popular in the Middle East. To help you get used to the new payment option, till 1st of November 2016 Grand Capital will compensate both deposit and withdrawal commission which is normally charged by Payza.

You can deposit to your Payza account in four currencies – EUR, USD, CHF and GBP.

To make a deposit using Payza payment system go to your Private Office, choose the account your wish to deposit to, enter the amount and click Transfer Funds button. You will then be redirected to Payza website where you need to long in (or sign up) and pay the ticket.

You can review other deposit options by going to the Deposit/Withdrawal section of our website.

Payza is an international payment system. The company’s history started in 2012 upon the merger of the two big market players AlterPay and a UK-based Pillars Ltd., which allowed to greatly increase the system’s functionality and the number of services offered to clients. Today Payza operates in 197 countries with the worldwide number of users estimated at 9 million.

Yours truly,
Grand Capital team 

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The winner of Rally Trade Oleg Zaksor believes that the secret of success is the real experience. Only getting your own experience and overcoming difficulties can get you a worthy result. This was the subject of our interview.

-Tell us about yourself: how long have you been trading in the financial markets, where did you begin?

-I am engaged in the Forex market for several years. I saw a terminal once, later I I decided to take my chance too. I studied by myself, reading issue-related materials on the Internet. I’m still in the process of learning.

-What do you do for a living?

-I am a turner, but the last time I did something at a bench was over 20 years ago. I’m working at the company that sells and repairs printers and duplicators at the moment.

-Give the list of mistakes that trading beginners do, in your opinion?  

-Many beginners consider Forex as a game. That’s why they feel excessive thrill of the race and passionate desires to win back. That kind of attitude only results in unnecessary loses and nervous breakdowns.

-What do you take notice of, when you pick your broker? And why did you choose Grand Capital?

-I’m not able to invest at the moment. So there is no trouble in picking the broker. But I look through forums, reviews ... I chose you because of the contest. Brokers are evaluated by stability and high speed of execution of warrants and by guaranty that your money and income will not disappear without a trace.

-What is the essence of your trading strategy? Did you use it in the contest? What tools do you prefer to use during the trade?

-During the competition I prefer to use the GBPJPY pair, due to its high volatility. The strategy is usually scalping. In such a short-term competition like Rally Trade, every point counts. But it’s impossible to win without some sort of risk.

-What is your advice for those, who are only going to take part in the contest?

-What can one advise? Register at Grand Capital and start trading. Advice is good, but only your personal experience can teach you something.