In a remarkable journey from selling tea in Vietnam to becoming a funded trader with The5ers, 24-year-old Thai has proven that dedication.
In a remarkable journey from selling tea in Vietnam to becoming a funded trader with The5ers, 24-year-old Thai has proven that dedication.
In a remarkable journey from selling tea in Vietnam to becoming a funded trader with The5ers, 24-year-old Thai has proven that dedication and strategy can lead to significant success in the forex market.
Thai started trading forex at the age of 18, initially managing self-funded accounts before seizing the opportunity with The5ers’ High-Stakes program. His journey with The5ers began with a $12.5K funded account, which he successfully scaled threefold. This achievement earned him a total payout of $1,605 and set the stage for his next target: increasing the account to $15K by achieving a 10% return.
When asked about his trading approach, Thai emphasized a disciplined strategy centered on a thorough analysis of the XAU/USD pair and a few other major pairs like GBP/USD and USD/JPY. His method involves a meticulous examination of support and resistance levels, supplemented by indicators such as RSI and Bollinger Bands across smaller time frames like M5 and M15. Crucially, Thai implements a strict risk management plan, limiting each trade to a maximum of 1% of his account balance with a favorable risk-reward ratio of 1:2 to 1:5.
Thai candidly shared that his biggest challenge has been mastering trading psychology. To overcome this hurdle, he meticulously records and reviews his daily trades, reflecting on his emotional state and adherence to his trading plan. This disciplined approach has been crucial in maintaining consistency and managing psychological factors during volatile market conditions.
Reflecting on his journey, Thai highlighted the difference in trading with The5ers compared to independent trading. He noted that the structured environment at The5ers fosters greater discipline and accountability, which are essential for growth as a professional trader.
So for those considering a similar path, Thai recommended The5ers for its robust support and reputation, citing his positive experiences with fast and reliable payouts. He expressed his hopes for future programs catering to larger challenges and opportunities for growth.
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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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