In a remarkable success story, trader Rick, associated with The5ers, shares his inspiring journey from a novice to a profitable trader.
In a remarkable success story, trader Rick, associated with The5ers, shares his inspiring journey from a novice to a profitable trader.
In a remarkable success story, trader Rick, associated with The5ers, shares his inspiring journey from a novice to a profitable trader while embracing a life of travel and financial independence.
Originally from the Netherlands, Rick made a bold decision to sell everything and embark on a journey of exploration and trading. Currently residing in Nicaragua, Rick reflects on his one-year journey, during which he and his wife sold their businesses, homes, and cars to start anew.
Rick emphasizes the importance of learning a valuable skill like trading, driven by a desire for financial freedom. Despite encountering challenges, including losses and scams, Rick’s determination led him to discover a solid trading strategy and expert advisor that aligned with his goals.
“I just want freedom, and that’s very important for me,” says Rick, highlighting his focus on consistent profits over extravagant gains.
Trading primarily on the Australian dollar and the Swiss franc with a meticulous approach, Rick’s strategy revolves around seizing proper profits and maintaining a steady line of success. He credits the effectiveness of his approach to careful risk management, including a low lot size and a disciplined use of stop loss.
While being an avid traveler, Rick trades on the M15 timeframe, allowing him flexibility and the ability to check trades with a Wi-Fi connection. His average trade duration spans several hours, demonstrating a patient approach to letting trades run when necessary.
Rick’s success story extends to multiple trading accounts, with a notable achievement of reaching a 10% profit milestone. Scaling up to a 125K account, Rick’s consistency across all accounts showcases a high win rate and a disciplined trading philosophy.
Reflecting on drawdowns, Rick encourages traders to embrace them as learning opportunities and stresses the importance of trusting both oneself and the trading system.
Lastly, The5ers, the firm that played a crucial role in Rick’s journey, is recognized for its supportive environment and commitment to helping traders achieve their goals. Rick expresses gratitude for the positive impact The5ers has had on his trading career.
Want to read about the firm? Click here.
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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