Today, we are going to share with you one more fascinating story of success. This story is about an InstaForex client, Zaza Abashidze. He is a trader from Georgia who managed to multiply his initial deposit by 13 times overnight, boosting his account balance from $1,000 to a whopping $13,000.
Before we go into the details of the night when Zaza hit the jackpot, we would like you to learn more about our hero and his experience on Forex. Zaza Abashidze has been trading in the currency market for as long as 9 years, seven out of which he has been with InstaForex. Citing the trader, he has done a lot of studying on his own, learning from books and, of course, his own mistakes. Judging from Zaza’s vast experience, he really knows how to trade and what rules to follow. “My advice to all trading beginners is not to hurry and not try to earn millions in just days. Think of all possible options and price movement scenarios in advance and be prepared,” Zaza shares his experience with fellow traders.
So when exactly was the night when one of InstaForex clients managed to make $12,000? It was the night of the Brexit vote (the UK’s decision to leave the European Union). Ahead of the referendum, Zaza Abashidze started trading his favorite GBP/USD pair with a $1,000 deposit. Even before the final voting results were announced, it was clear for our hero that luck was on his side as the sterling was already tumbling against the US dollar. By the time polling stations across the UK were closed, Zaza had $3,000 on his account. However, the trader did not just stop at that and kept his positions open until the morning. After the first reports came in revealing that the British voted to exit from the EU and the British pound was oversold, the balance of Zaza Abashidze reached $13,000. There was no point in trading any longer after the pound plummeted to multi-decade post-Brexit lows, and Zaza booked his profits. So, to answer the title question, this is how one makes $12,000 overnight by trading in the currency market.
Zaza Abashidze commented on his overnight success during the Brexit referendum in a calm and business-like manner: “My strategy also works in situations of high volatility, like that night. And yes, I always trade the GBP/USD pair.”
We wish Zaza to continue his amazing trading journey by making the most of global events. And as for you, our clients, we would like to wish you to spend your nights as wisely and achieve results as impressive as Zaza, and, hopefully, get even bigger returns!