November’s champion kindly answered our questions, which allowed us to better understand his profile and his success. He’s also the first to experience our new interview model which helps us in comprehending how he deals with the Forex.

William, 55, aka wisiwi, works in the electronics field and is interested in economics, of course, as well as politics and society, since the three are linked. He lives in Switzerland and enjoys water sports and reading.

He discovered RTFX while searching for a Forex website and that’s how he bumped into the Forex Demo Competition. He refers to our TraderTip and our economic calendar on a daily basis before entering the market. Exclusively focused on the EUR/USD pair, he relies on technical indicators such as trendlines, supports, resistances or Fibonacci retracements. On a fundamental point of view, he keenly listens to announcements made by politicians or government officials. That’s why he’s most likely to intervene many times a day on mid-term trends while staying out of the market when an announcement or an event is about to be published.

Always wired to the CNBC channel when trading, he’s not consulting our Morning Briefing because he’d rather have analysis published immediately after economic events, not before. Our trader enjoys monitoring the former, actual and forecast price evolution, waiting for an announcement opportunity to enter the market. He doesn’t use stop losses or limits so he has to continuously be on the market. The typical dangerous period that he quoted as an example was the Central Banks joint action on the 30th of November 2011. Although it was the last day of the monthly Forex championship, many traders suffered big losses and it showed on the final ranking.

According to him, analysis, watching, focusing and patience are the pillars of trading and entering the market only when certain conditions are reunited is the key to success. He confessed he’s impressed by some of the contest participants who are achieving daily performances above 1% because it’s emotionally difficult to keep a position close to support and resistances while the mid-term indicators seem to reverse, just like the price curve.

Although wisiwi defines himself like a casual Forex enthusiast, it’s just the second time he’s been participating to the monthly contest, ranking second last time. So congrats again, good luck and thanks.