Our newest Futures Trade winner Evgeny Lebedev told us why he likes trading futures and how he managed to rock the contest with the largest prize fund.
In this round you’ve placed over 200 trades that involved various futures contracts: currencies, indices, cattle and commodities. In your trading do you rely on luck or you have a special strategy for trading futures?
When trading futures I mainly use fundamental analysis. In the contest round I was scalping as I think that it is the only way to achieve winning results in such short period of time.
Which commodity futures do you like to trade the most?
It is hard to pick only one. I just like trading futures contracts as each one of them represents its own market piece. Plus, with futures you can always find the spot to enter the market that has a profit potential. It is also important to me that trading futures, you can learn what is happening in the world. For example, analyzing cotton price you suddenly learn that there was a major flood in Pakistan or what was the weather like in Brazil this winter trying to foresee the price for a sugar futures contract.
In this round you were basically trading 24/5. How do you manage to reserve so much time for trading?
At the moment I work day and night and the trading terminal is always at hand. That is why I am always on alert at any time of day or night.
Is trading your main source of income?
Unfortunately, at the moment it is not. But I hope someday it will.
When did you start trading on financial markets? What instruments did you start with? Do you use robots?
I started trading in 2007. As all the novices I started with trading currency pairs but with time my interest shifted towards stock market and futures. I don’t use robots, but I would like to check it out. May be I’ll do it soon. As I said earlier, I mainly rely on fundamental and a bit - on technical analysis and intuition.
Which sources do you use to learn whan it happening on the market?
I often read blogs and listen to Business FM radio channel. Also, there are plenty of specialized websites for traders I usually go to when I need specific information.
Do your trading styles and strategies differ when trading on a demo account and a live account? What are the differences?
That’s a good question. Well, of course, I am more of a reckless guy on the contest demo account as I need to get high level of profit fast. It is impossible to do if you think too much about the money management and your risk levels.
Why did you choose Grand Capital as your broker and how long have you been trading with us?
I joined Grand Capital back in 2008. At that time I actively traded Russian Shares and was quite good at it. But, unfortunately in the end of 2008 you made trading shares unavailable and I shifted to a different broker with a wider range of trading instruments. But in 2012 the broker went bankrupt and I lost a lot of money. As a result, I wasn’t trading for about 3 years, but was still following market news.
Why did you decide to return to Grand Capital?
I did it because I trust the company. The broker proved to be trustworthy, plus it is possible to trades shares here again. Your CFD trading conditions are much better than those of some other brokers like BKS and Finam. Overnight margin requirements have also improved.
What would you wish to those who are just planning to take part in the contest?
Try, achieve, win!
Evgeny, thank you for agreeing to answer our questions. Grand Captial team whishes you successful trading!