Advanced Forex Blog
The5ers Evaluation Really Helped Me a Lot to Become a Consistent Trader
July 30, 2020 | 11:11 am | Advanced Forex Blog
July 30, 2020 | 11:11 am
Advanced Forex Blog
Staying safe makes for a stronger mindset and thus will make you a more consistent trader, That’s Adrian Advice.
“The5ers evaluation really helped me a lot to become a consistent trader”.
Adrian has just successfully passed our evaluation program with a great trading plan and has become a forex funded trader.
He is now one of our funded traders and is trading with a 40K forex funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 80K.
We spoke with Adrian about his trading plan, insights, and lessons gained while trading in the Forex market and on our platform as a funded trader.
Click here for more Inspirations lessons and interviews from our professional funded traders
- How were you introduced to the Forex market?
By a client of mine. I’m a barber by trade.
- Do you have a specific trading plan?
Yes, I begin with no more than 5 trades and how that will fit in mathematically with what is required by the 5ers. I determine the max exposure, and my own personal margin requirements. And I maximize those 5 trades.
- Tell us about your trading routine.
I wake up in the morning and begin to scan the markets for breakouts and retests. Then I use divergence in conjunction with this.
- Do you have any risk management techniques? If so, please, elaborate?
I determine the maximum exposure, then I determine how 5 or less trades will fit into that. Every trade must be in profit in order for me to scale in additional trades.
- What was your biggest challenge in trading, and how did you overcome it?
I lost $2400 in one day, and I was not a full-time trader, in fact, I was working 50 hours a week at my day job while having a wife and new born baby. I was faced with the harsh reality that I may never become profitable. But then I realized that I must hold on to my faith In God. While allowing God to strengthen me and ground me, I began to look for a mentor. I found a man that I respected and he poured into me his wisdom and guidance, and I realized how hard he worked at it and how he blocked all distractions out and focused solely on forex trading. I was determined to do the same.
- What was the key moment of your trading career?
I remember the first time that I accomplished my first goal, of $1000 profit every day. This was a major milestone for me because it marked a moment in time where I was totally validated as a trader.
- In your opinion, what are the most important characteristics for maintaining a steady trading career?
The environment is very important because every trader needs peace and quiet and preferably a dedicated office space with a view for maximum potential. Also support from the people you love and respect. A Routine that never changes is key. And unshakable focus on the task at hand.
- Do you apply any mental/psychological routines while trading? Please elaborate.
Yes I watch video interviews of Millionaires and Billionaires in the background while I trade to feed my subconscience. I also draw powerful quotes from these people and write them down to be constantly recited between trades.
- What was your strategy for successfully passing The 5%ers’ Evaluation Program?
My strategy was to pay close attention to money management. It means everything. Staying safe makes for a stronger mindset and thus will make you a more consistent trader.
- Please share your recommendations for online resources that were/are significant in your trading development. Name and links are appreciated.
- How long did it take you to become a consistent trader?
It took me roughly 9 months to become consistent. The 5er trading challenge really helped me a lot. I studied the information available after I failed the first evaluation. I adjusted my trading to fit inside the 5ers matrix.
- Would you like to share anything else with us?
Thank you for the program, this experience has made me a stronger trader.
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