$185K Funded Trader Got Paid 11 Times and Withdrew $20,206 Overall

We spoke with Furkan about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

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Furkan ‘s $60K High-Stakes Step Two

Furkan’s $100K High-Stakes Funded Account

Tell us a little bit about you.

I’m a law student. I am currently a part-time trader. My goal is to become a full-time trader.

How long have you been trading?

I have been a fx trader for about 1 year, and I am a part-time trader.

Briefly describe your Trading Plan and how it contributes to your success.

First of all, I do 90% of my trading in eurusd. The basic logic of my trading is based on catching the move in the London session. Usually, if the move I expect to happen has already happened in the London session, I stop trading that day. I only look at the New York session if the move I expect to happen in the London session has not happened that day, and I have not traded. My risk management is based on 1 stop per day. I believe this keeps me disciplined.

Please share with us a challenge you faced in your trading career and how you overcame it.

When I first started trading, I lost my risk management when I had a stop. This was a big problem for me. To overcome this problem, I allowed myself 1 loss per day. After setting this rule for myself, I started to manage risk better. This was the most important step in my trading life.

How did you adjust risk management to your trading personality?

I was a very impatient person, and this had a negative impact on my business life. As I mentioned before, I decided that I needed to test my daily loss, so I switched to the 1 stop a day rule. This radically changed my trading life.

Describe a key moment in your trading career

I bought a 100k account from another company with the money I saved little by little. After taking my 100K account live, my account was confiscated for an invalid reason. This made me very sad. Then I bought a 5ers 100k account with my last money. When I made this account live, I had hope again. I had found a way out again. This was perhaps the most important moment for me.

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

It took me about 3 months to become a stable trader. The biggest feature I developed during this time was the changes in risk management. I think risk management is the most important thing for a trader to achieve stability.

What is your mental/psychological strength, and how did you develop it?

I am a law student. I am not very interested in the department I studied, so I started looking for a field that I could do as a profession. I decided that this could be a trader. It is not an easy path, but I am a person who believes that people can achieve what they want by working hard and not giving up. My psychological strength in doing this job is that I have no other choice. I had to succeed, and I knew that if I tried hard enough, I would succeed. I am still at the beginning of the road, but I believe I will succeed without hesitation.

What was your strategy to successfully pass The5ers’ evaluation?

I think the key is not to set time targets for yourself. Just wait for the trades that fit your strategy. Not patiently taking trades on days when there are no trades that fit your strategy. I only traded eurusd, and I gave myself 1 loss per day. That was my key point.

How is trading for The5ers different from trading by yourself?

I am a student, and I have no capital. 5ers is a very important company for people like me. They create capital for people like me who have no capital. If it weren’t for 5ers, I wouldn’t be where I am now.

What would you recommend to someone who is just starting with us?

I think it’s the best company out there. If you want to work with the best, you should choose 5ers.

Please share online resources that were/are significant in your trading development.

I followed @I_Am_The_ICT for technical analysis and improved my trading perspective thanks to @ChartsMyDNA.

Would you like to share anything else with us?

I want to say to other traders, don’t give up trying.

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