In this exclusive E8 Markets interview, Nicklas shared valuable insights into his trading journey, strategy, and approach to risk management.
In this exclusive E8 Markets interview, Nicklas shared valuable insights into his trading journey, strategy, and approach to risk management.
E8 Markets had the pleasure of interviewing Nicklas, a successful trader who has been making significant strides in the Forex market. With over 1 to 2 years of trading experience, Nicklas has managed to achieve a remarkable payout of $50,000 from his $400,000 EA track account. In this exclusive E8 Markets interview, Nicklas shared valuable insights into his trading journey, strategy, and approach to risk management.
Nicklas, from the north of Denmark, has always had a fascination with prices. Initially, he was drawn to stocks but soon transitioned to Forex and CFDs, where he found his true passion. “I started learning slowly, and I just fell in love with it,” he shared. Forex and gold are now his primary markets, and he exclusively trades with E8 Markets, where he has experienced seamless execution and excellent support.
Nicklas follows a well-defined trading strategy, waiting for market manipulation during the London and New York sessions before identifying a break of structure to the opposite side. “I focus purely on technical analysis and avoid fundamentals as much as possible,” he explained. His preferred timeframes are the 4-hour and 1-hour charts for bias, with entries taken on the 15-minute and 5-minute charts.
When it comes to risk management, Nicklas limits himself to 1-2 trades per day, keeping his risk between 0.5% and 1% per trade. He also has a strict rule to never increase his risk beyond 1%, even on volatile days like CPI releases. “I always follow my trading plan. If the stop loss hits, it’s part of the strategy,” he said. His approach also includes setting stop losses in reasonable positions to avoid unnecessary emotional stress and staying disciplined throughout the trade.
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