Interviews With Traders
As a Trader, Be Able to Identify and Choose Your Battles
June 3, 2021 | 11:44 am | Interviews With Traders
June 3, 2021 | 11:44 am
Interviews With Traders
“As a trader, be able to identify and choose your battles.”
Vladimir has just successfully passed our Level 1 with a great trading plan.
He is now one of The5ers funded traders and is trading with an 80K low-risk funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 160K.
We spoke with Vladimir about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.
Click here for more Inspirations lessons and interviews from our professionally funded traders.
- How were you introduced to trading?
I was introduced to the art of trading through the research I was doing for extra income. ForexFactory, and other online resources only help in that process.
- Do you have a specific trading plan?
The trading plan consists of looking at the drivers that drive the market, where their short-term cycles are relative to their long-term processes, here I mean primarily the DOLLAR and YEN crosses. Only after identifying whether to open an order or wait for a better price depends on the short-term Timeframes.
- Please describe your trading routine?
The routine begins with a review of the news, or fundamental drivers, from the previous day and the current day that awaits us. The next step comes down to technical analysis of the major pairs, with a review of weekly down to 1hour time frame and identification of short and long term cycles.
- What was your biggest challenge in trading, and how did you overcome it?
The biggest challenge is adapting my Money Management to your risk parameters. It certainly takes a lot of attention, patience, and time. From this perspective, I would like to thank you for the opportunity you provide us with a time frame of 180 days to achieve the milestone in Level 1.
- What was the key moment of your trading career?
The critical moment in my career is when I started to look at my analysis from the perspective of key market drivers, their short and long-term cycles, and their correlation.
- What do you think are the most important characteristics for maintaining a stable trading career?
To be selective: Be able to identify and select your battles. Not every action is profitable; not every fight has a happy ending..
- Do you apply any mental/psychological routines while trading? Please elaborate.
During trading, social networks are noise, destruction … Productivity and efficiency are much higher when the focus is on the target.
- What was your strategy to successfully passing The5%ers’ First Level?
Slowly and steady growth…
- What would you recommend to someone who is just starting with us?
The5ers have a perfect growing structured model. With patience and focus, the goal is achievable…
- Please share your recommendations for online resources that were/are significant in your trading development.
ForexFactory, YouTube, Udemy
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