In an exclusive interview released by The5ers, one of their seasoned traders provided valuable insights into his trading journey.
In an exclusive interview released by The5ers, one of their seasoned traders provided valuable insights into his trading journey.
In an exclusive interview released by The5ers, one of their seasoned traders provided valuable insights into his trading journey, strategies, and experiences within the industry.
So, the trader, boasting a background as a Chartered Accountant and holding a CFA Level 2 certification, currently holds the position of CFO at a manufacturing company in Angola. With an impressive 15-year tenure in trading, he identifies primarily as a scalper, employing intricate ICT (Smart money concepts) and intraday trading techniques to navigate the markets.
Reflecting on his evolution, the trader candidly shared the challenges he encountered during his early trading days. Initially relying on television-based stock recommendations and lacking proficiency in technical analysis, he embarked on a journey of self-education, honing his skills through resources like YouTube and dedicated study of ICT materials. Overcoming initial setbacks, he emphasized the pivotal role of continuous learning in his journey to profitability.
Risk management emerged as a cornerstone of his trading philosophy, particularly following multiple setbacks, including failed attempts with other funding programs. Transitioning to a more conservative approach, he now targets a modest 4 to 5% monthly return, underpinned by disciplined risk management practices. This shift not only reduced trading stress but also contributed to his sustained success.
Regarding his successful evaluation with The5ers, the trader attributed his accomplishment to his adept application of ICT concepts and meticulous risk management strategies. With The5ers, he noted the stark contrast in trading dynamics due to the availability of larger capital, which further motivated him to achieve significant milestones within the firm’s High Stake Program.
So, for aspiring traders, he stressed the importance of realistic expectations, advising a target of 3 to 5% monthly returns for sustainable growth and longevity in trading endeavors.
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The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.
MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
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