The 5%ers' Blog

A Great Forex Trader Who Qualify To Be A Funded Trader At The5ers Proprietary Trading Fund.

October 22, 2018 | 8:41 am | The 5%ers' Blog
October 22, 2018 | 8:41 am
The 5%ers' Blog

This is our last success story at The5ers Fund. Arthur.H. from the USA succeeded in passing the evaluation and became one of The5er’s portfolio managers team. As the picture shows in his Balance/equity chart, this Forex trader is very stable and profitable. He reached the target with a very low DrawDown of 1.67%; he is the kind of Forex trader that the The5ers look for. He now has a new funded account of 24K and his next mission is to reach 10% of profit and get double account of 48K, in this post we can See his trading statistic and performance, and read our interview with  Arthur.

 

Name: Arthur. H.
Age: 28
Country: USA

Please describe your trading journey. How long have you been trading? When did you become consistent? When did that make the change for you?

  • The journey was challenging; I lost thousands of dollars. I was ready to quit. I would have a profitable day then would negative the next day it was very frustrating I tried robots all different type of indicators but it seems nothing was working.

How were you introduced to trading?

  • I first learned about it by watching CNBC.

Describe your trading plan.

  • Picking a direction for the trading day before I execute a trade.

Tell us about your trading routine.

  • I start daily by analyzing the market and looking at upcoming news events.

How do you manage risk in your trading? Do you have a risk management Technique you can explain?

  • Never maximize an account. Trust me, I’ve been there! Cut your losses early, and never make stop-loss bigger than it has to be. recent swing low or high. Recents have a maximum loss per day, depending on account size.

What was your biggest challenge in trading, and how did you overcome this?

  • my biggest challenge was My inconsistency. I had to evaluate how much my take profit would be hit and not put my take profit too far away.

What was the key moment of your trading career?

  • my key moment was when I Myd my first profitable trading year and was still working full time. I told myself I needed to be more consistent, so I dug even more deeply, and I chose to stay in many weekends just to study and backtest data.

In your opinion, what are the most important characteristics for maintaining a steady trading Career?

  • Having a clear head means knowing that you are confident enough to apply your strategy daily.

What is the most essential trading mental aspect, and how do you apply it in your routine?

  • I never get emotionally involved and always know I have the next trading day.

What is your strategy to successfully pass the 5%ers evaluation account?

  • Price action and trend trading.

Please share your recommendations with online resources that were significant to your development path. Names and links are appreciated.

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