Inside the Elite Committee: Talk with Elyzabeth Bulan

WikiFX has launched the “Inside the Elite” Interview Series, featuring outstanding members of the newly formed Elite Committee. During the committees first offline gathering in Dubai, we conducted exclusive interviews and gained deeper insights into regional market dynamics and industry developments. Through this series, WikiFX aims to highlight the voices of professionals who are shaping the future of forex trading — from education and compliance to risk control, technology, and trader empowerment.

This interview features Elyzabeth Bulan,an experienced forex trader, educator, and author of academic and market involvement in financial trading.

Elyzabeth holds an academic background in Economics and began her professional journey in financial markets as early as 1997, when her thesis focused on comparing investments in mutual funds and time deposits. Her practical trading career evolved over time—she started trading options in 2010 and transitioned into forex trading in 2013.

With over 12 years of hands-on trading and teaching experience, Elyzabeth has become a well-recognized forex trading educator in Indonesia. She has delivered structured forex education programs across 10 major Indonesian cities, including Jakarta, Bandung, Semarang, Bali, Balikpapan, Banjarmasin, Palembang, Pekanbaru, Batam, and Cirebon, helping a wide range of traders build foundational knowledge and disciplined trading approaches.

These books are intended for beginner traders and aim to provide early awareness that forex trading is a high-risk instrument. Traders must therefore be prepared for the possibility of losses along the way. This is important to emphasize from the beginning so that new traders do not focus solely on profits, especially with the expectation of getting rich quickly.

Committed to long-term investor education and knowledge transfer, Elyzabeth chose to document her insights through publishing. She is the author of two forex trading books, Simple Trading Go Rich and Strategi Trading vs Trading Plan, which focus on practical trading strategies, risk awareness, and the importance of structured trading discipline.

Through education, authorship, and real-market experience, Elyzabeth Bulan continues to contribute to the development of more informed and responsible forex traders in the region.

Q1：In your opinion, what abilities and qualities are essential to become an outstanding IB?

A：To become an outstanding IB, integrity is essential. When introducing trading to people, we must be honest, explaining how trading works and clearly describing both the rewards and the risks (even the worst-case scenarios).

Too many IBs focus only on profits without explaining the risks. Many only aim to enrich themselves from commissions without caring whether their clients profit or lose. Some IBs don‘t even fully understand trading strategies. They only focus on selling forex trading. This indirectly affects the broker’s credibility.

Q2：What value do you think WikiFXs products and services bring to investors in helping them achieve safe trading and effective risk control?

A：WikiFX helps traders by providing clear, honest, and transparent information about brokers they want to use—such as legality, year established, deposit and withdrawal information, and more. If it‘s good, say it's good. If it’s bad, say its bad. This helps create healthier competition among brokers, improving the forex trading industry overall.

PS: Honest information helps traders avoid scam brokers.

Q3：With the rapid growth of AI trading and automated strategies, technology is clearly making trading more efficient — but do you think its also creating new kinds of risks? How can we make trading safer in this new era?

A: Nothing in this world is without risk. Everything has pros and cons. Technology brings benefits but also risks. What matters most is understanding how to minimize the risks that may arise, and thats why proper education is important.

Many people trade without sufficient knowledge, even though forex trading is a high-risk financial instrument. Without proper education, traders can suffer large losses. Many also dont know how to choose the right and legal broker, leading them to fall into scam brokers.

If a trader does not know what is correct, they will not recognize what is wrong.

With technological advancements and sophisticated AI, many people think technology can help them make money easily and quickly. They believe technology can predict future price movements. Therefore, trading robots become a solution for busy people who dont have time to learn, or for those who want fast results without studying.

Are trading robots or copy trading wrong? Not necessarily. It becomes wrong when users don‘t understand the robot’s quality or how it works.

Users still need to master forex trading basics so they can evaluate how the robot operates, such as how it enters positions, how it exits (using stop loss, martingale, averaging, etc.).

Q4：In your view, what are the most noteworthy trends in the forex industry over the next three years?

A: The trend that will definitely grow is the use of AI. And I believe AI growth will not only occur in the trading industry but in all industries such as healthcare, media, creative industries, and others. However, the use of AI must go hand in hand with the traders ability to analyze the market.

Q5：As a member of the Elite Committee, what kind of responsibilities do you expect to take on in the future? What contributions would you like to make to the Club and the industry?

A: The primary responsibility of all elite committee members is to ensure the trading industry operates properly and healthily. We must help eliminate scam brokers. KOLs promoting brokers must also remain neutral, not prioritizing broker interests or personal interests, but prioritizing traders.

They should promote brokers that have clear regulations and minimal complaints (complaints will always exist, but choose those with the fewest). Integrity of IBs and KOLs is crucial.

We must inform the public that forex trading carries risks, but these risks can be managed with proper education.

Without proper education, even the best broker will result in losses for the trader.

About WikiFX Elite Club

The WikiFX Elite Club is a premier, influential community within the global forex sector. It brings together industry professionals with demonstrated expertise, influence, and an unwavering commitment to integrity and compliance. The Club is dedicated to breaking down regional and information barriers, advocating for a safer, more transparent global trading environment, and promoting responsible industry practices. Through thought leadership, market intelligence, and cross-border cooperation, the WikiFX Elite Club is committed to fostering a secure, transparent, and sustainable global trading environment for a healthier, more open, and dynamic forex ecosystem.