In a recent Fidelcrest interview, Mustafa, a successful trader based in Istanbul, shared his journey
In a recent Fidelcrest interview, Mustafa, a successful trader based in Istanbul, shared his journey
In a recent Fidelcrest interview, Mustafa, a successful trader based in Istanbul, shared his remarkable journey of becoming a profitable trader. Mustafa, originally a dentist, transitioned into the world of trading, and his experiences offer valuable insights for aspiring traders. Initially, he was solely involved in the stock market, but his pursuit of trading opportunities led him to the crypto market, where he faced considerable losses.
Mustafa recalled his early struggles, stating, “I lost tons of money and tons of accounts when I started trading in the crypto market. It was a challenging period.”
However, Mustafa’s determination to succeed propelled him forward. He sought to improve his trading knowledge and skills. “I bought numerous books, watched YouTube videos, and even attended interviews with experienced traders. This learning phase was crucial for me,” he explained.
When asked about the time it took him to become profitable, Mustafa revealed, “It took me approximately one to two years to become consistently profitable in the crypto market. If you count my experience in the stock market as well, it was a five-year journey.”
Mustafa’s quest for the right trading environment led him to discover prop trading firms. He noted, “I tried several prop trading firms, but many of them had hidden commissions and fees. Fidelcrest stood out as the best choice for me. It offered transparency and the support I needed.” Transitioning to discuss his trading strategies, Mustafa explained, “I experimented with various strategies but eventually simplified my approach. I now focus on Bollinger Bands, RSI, and MFI indicators.”
Risk management was another crucial aspect of Mustafa’s trading philosophy. “I keep learning about risk management and trading psychology to avoid revenge trading. Staying calm and disciplined is essential,” he emphasized.
When asked for advice to help other traders succeed, Mustafa shared, “Persistence is key. Keep learning and improving; you will get better over time. And above all, avoid revenge trading.”
Here is the Full Interview:
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