Currensee Forex trader profile for Winsor Hoang

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{"records":[

{"tickerName":"WIHFG.A", "tai":"77", "cumReturn":"37.8%", "riskScore":"72", "traderStatus":""},

{"tickerName":"WIHFG.B", "tai":"71", "cumReturn":"-43.7%", "riskScore":"74", "traderStatus":""},

{"tickerName":"WIHFG.C", "tai":"93", "cumReturn":"166.3%", "riskScore":"46", "traderStatus":""},

{"tickerName":"WIHFG.D", "tai":"74", "cumReturn":"-48.7%", "riskScore":"68", "traderStatus":""},

{"tickerName":"WIHFG.E", "tai":"85", "cumReturn":"26.2%", "riskScore":"55", "traderStatus":""},

{"tickerName":"WIHFG.F", "tai":"92", "cumReturn":"116.6%", "riskScore":"43", "traderStatus":""},

{"tickerName":"WIHFG.G", "tai":"81", "cumReturn":"45.2%", "riskScore":"63", "traderStatus":""},

{"tickerName":"WIHFG.H", "tai":"85", "cumReturn":"67.5%", "riskScore":"59", "traderStatus":""},

{"tickerName":"WIHFG.I", "tai":"90", "cumReturn":"144.4%", "riskScore":"68", "traderStatus":""},

{"tickerName":"WIHFG.L", "tai":"0", "cumReturn":"0%", "riskScore":"0", "traderStatus":""},

{"tickerName":"WIHFG.M", "tai":"68", "cumReturn":"-35.8%", "riskScore":"74", "traderStatus":""}
               
        ]}

Tickers

WIHFG

Forex Trading Style
Trading for:	> 5 years
Total Trades:	17665
Trades/Week:	> 10
Approach:	Technical
Region:	United States
Active Pairs:	USD/CHF, EUR/USD, GBP/USD
Techniques:	Other

Trading Strategies
Name	Target
No strategies shared

Recent Activity

Winsor Hoang traded EUR/USD

Bio:

We offer my A and H accounts for investment in the Currensee Trade Leaders Program. I use multiple trading strategies to maximize return and reduce risk. I have been managing Forex accounts for the past four years as a founder of a managed Forex accounts business: www.ctsforex.com. I began trading Forex in 2004 with the promise of making easy money everyday. I soon found out it to be one of the hardest challenges in my life. Forex trading is 70% psychology, 20% money management, and 10% method. My trading style is swing trading, with the principle of cutting my losses short and letting my profits run. Each of my trades is placed with a maximum stop loss of 120 pips and a maximum take profit of 280 pips. With my trading strategy, I only require an approximate 45% winning percentage should be profitable in Forex trading. My best advice is that after a string of winning trades, a trading system will give some profits back to the market; hence, don't enter during a string of winning trades. Enter only when a system is LOSING or going through some drawdown. During a drawdown, a system has already absorbed some of the losses; hence, you will benefit more on the upswing. My second strategy to trading is diversification. I have developed five trading systems with low correlation to each other, i.e. all five trading systems are not supposed to win at the same time, and all five trading systems are not supposed to lose at the same time. Using these five trading systems, I create an investment portfolio to generate the highest expected return for a given degree of risk. It is the overall of the portfolio performance that I am going after not individual trading system. The point is to make money in any market conditions based on the net performance of the portfolio. Avoid picking multiple trading systems that tend to perform well together during the same period. As the market turns, these trading systems may also perform poorly at the same time. It is better to develop a balance portfolio instead of a bipolar performance portfolio. My third strategy to forex trading is long term investment. In any investments, there are risks associated with them. I have learned to accept and embrace these risks. There will be good months and also bad months in trading; hence, don’t try to jump from one trading system to another after a string of losses. After creating an investment portfolio consist of multiple trading systems, I stick with these trading systems for at least 9 months. Unless one of these trading systems hit 40% drawdown, then it will be removed from the investment portfolio. Remember to take the Boy Scout’s approach and be prepared for the worse as anything can happen. Here are my risk management strategies:  I plan a maximum of 8 open trades at a time with 8 trades per day.  I plan on having less than 2% of the  account balance risked on a single trade.  Each trade is placed with a fixed stop loss and take profit. Automated trading helps the strategy to avoid greed, fear, and lack of discipline. Our company slogan is "Real-Time Trading. Real World Results." We are only aiming for 35% return on investment per annum and anything beyond that is a bonus.

Performance

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