Hear What the Top 10 Winners Say - Interviews with FastBull Trading Contest Winners

Summary:

The 2024 FastBull Global Trading Contest S1, took place from October 15 to 31, 2024, and saw intense competition across two weeks. A total of ten traders from six countries and regions emerged victorious, each securing a share of the impressive $22,500 prize pool. Now, let's hear from these outstanding traders as they share their insights and strategies that helped them achieve such remarkable results!

Hear What the Top 10 Winners Say - Interviews with FastBull Trading Contest Winners_1

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1st Place: Koo Zhen Cheng (zzzz) from Malaysia

As the winner, Cheng, who started trading in 2020, was both surprised and delighted with his achievement. He attributed much of his success to luck but also recognised that the competition offered valuable experience. Cheng's trading strategy involves following market trends, primarily focusing on the highly volatile silver and gold markets. In terms of risk management, he emphasised the importance of stop-losses and avoiding holding positions over the weekend to preserve profits. Cheng expressed his gratitude for the high level of competition at FastBull and is looking forward to more such events in the future.

Learn more about the trader:

https://www.fastbull.com/traders/user5n92vp2y6k/account/2448755194130432000

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2nd Place: Paulosi Mack Maphale (QM7G50Z1PY) from South Africa

For Paulosi, securing second place wasn't just about luck; it was the result of years of hard work and the right strategy. He began his trading journey in 2019 but only fully committed to it in 2022 after focusing on his studies. During the contest, he adhered strictly to his risk management rules, manually setting stop-losses to prevent major losses, while sticking to proven trading strategies and maintaining a calm, measured approach. This ultimately led him to a stable victory.

Learn more about the trader:

https://www.fastbull.com/traders/userbecor/account/2490868757217189888

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3rd Place: Ali Hassan (Ali Hassan) from Pakistan

Ali Hassan was thrilled with his third-place finish, seeing it as a major achievement among 28,000 participants. He began forex trading at the age of 13, initially exploring binary options before shifting to more sustainable trading methods. During the contest, his strategy focused on buying low and selling high, using a sniper approach. He strictly exited trades when the entry candlestick pattern was violated. He believes that managing psychology and risk are key to success, advising other traders to avoid panic and focus on these aspects.

Learn more about the trader:

https://www.fastbull.com/traders/userklpy2my649/account/2585902948820000768

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4th Place: Karabo Kgadile (JR Director) from South Africa

A part-time trader, Karabo is a self-taught market participant who focuses more on market direction rather than specific entry points. Realising others were profiting from silver while he was trading gold, he switched to silver, which helped improve his ranking. Karabo stressed that practising on demo accounts is essential for building confidence before trading real funds.

Learn more about the trader:

https://www.fastbull.com/traders/usercali/account/2582251573783396352

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5th Place: Njabulo Junior Nkabinde (8WQJE1LK0G) from South Africa

Njabulo thanked FastBull for providing such a valuable competition opportunity. Despite describing himself as a “day trader,” he only trades when he sees opportunities, rather than on a daily basis. He shared two key strategies he used during the contest: SMC and pure price action, both of which he found to be highly effective. In terms of risk management, he avoided small trades, which helped him maintain stability. Njabulo noted that trading high-volatility commodities like gold and silver played a key role in his top-10 finish, and emphasised that with market experience, success can be achieved even without professional expertise.

Learn more about the trader:

https://www.fastbull.com/traders/user8wqje1lk0g/account/2501768319062581248

6th Place: Declined to Claim Prize

Learn more about the trader:

https://www.fastbull.com/traders/user63bjie/account/2413129505562009600

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7th Place: Li Jiangtao (Winkelmann) from China

Li Jiangtao was pleased with his seventh-place finish but acknowledged that luck played a role. A part-time trader, he works in a finance-related field most of the time. During the contest, he adopted a trend-following strategy, aiming to let profits run while riding the market trends, particularly during rallies in gold and silver prices. In terms of risk management, he used a phased entry and exit strategy, stopping out and taking profits based on market conditions. He believes his placement in the top 10 was due to both luck and experience gained from years of trading, which helped him develop a strong market intuition.

Learn more about the trader:

https://www.fastbull.com/traders/userpretty8/account/2411910490764165120

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8th Place: Nsikelelo Ndumiso Khumalo (Nsikelelo Khumalo) from South Africa

For Nsikelelo, while he was pleased with his award, he didn't feel overly excited. He attributed his success to the skills he had built over time, without any special competitive edge. During the contest, he maintained a 1:3 risk-to-reward ratio, usually limiting risk to 5% of his account balance, with a goal of 15-20% returns. As a full-time trader, Nsikelelo declined to reveal his detailed trading strategy, emphasising that trading is a technical and experience-driven activity that requires continuous effort and practice.

Learn more about the trader:

https://www.fastbull.com/traders/userzd34zlkqy5/account/2448380913500372992

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9th Place: CHU VAN HOA (mabaha) from Vietnam living in Japan

CHU VAN HOA, a part-time trader who also holds a full-time job, started trading out of interest and gradually deepened his knowledge of trading strategies. During the contest, he used Elliott Wave Theory to analyse market fluctuations, identifying trading opportunities by confirming support and resistance levels before entering trades.

Learn more about the trader:

https://www.fastbull.com/traders/usermabaha/account/2549582781219700736

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10th Place: Sizwe Mathebula (9R2P09P7JN) from South Africa

Although he placed 10th, Sizwe Mathebula was thrilled with his achievement, calling it his first-ever victory. During the contest, he used a breakout-and-retest trendline strategy, drawing trendlines across 1-minute, 5-minute, and 15-minute timeframes to capture breakout signals. He acknowledged that false breakouts occurred occasionally, but with experience, he was able to quickly exit these trades to minimise losses. For risk management, he employed larger trade sizes, often opening up to 10 positions at once to maximise returns in a short time, even amid market volatility.

Learn more about the trader:

https://www.fastbull.com/traders/user9r2p09p7jn/account/2578777220118831104

Hear What the Top 10 Winners Say - Interviews with FastBull Trading Contest Winners_2

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Latest updates on November 15: Our cash prizes are being paid out to the winners.

The FastBull Global Trading Contest Season 1 has now concluded, but FastBull's commitment to traders around the world remains unwavering. FastBull will continue to provide a platform for traders to showcase their abilities, and we look forward to the next FastBull Global Trading Contest. See you there!

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Hear What the Top 10 Winners Say - Interviews with FastBull Trading Contest Winners

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