Using a small lot size gives you more flexibility with your position, That’s Jeremiah Advice Jeremiah A. from the United Kindom is one of The5ers level 3 funded traders. Jeremiah successfully passed our Level 1 on a $10K real live account, then he passed the $40K account, and now his trading on an $80K account. […]
A Day In The Life of a Funded Trader There are two main types of traders – the trader who chooses it as a career and then all of the rest. If you’re a funded trader, it means you’ve decided on a career in trading, or at least that you expect to make a living […]
Rising wedge vs Ascending Triangle The rising wedge and ascending triangle patterns help the price action traders to predict further movement of price of any financial asset. In this article, we’ll discuss both the patterns, their application in trading, and the difference between the two. What is a rising wedge? A rising wedge is […]
The trading toolbox – Assets a trader needs in order to make a daily trading routine successful When most people go to work in the morning, they pack their briefcase or backpack with the physical items they need to make their day successful. A laptop, notes from a meeting, the day’s agenda, bags are filled […]
In order to be consistent, you have to be disciplined enough to allow your trading plan to play out rather than always wanting to alter your trading style, That’s Brandon Advice Brandon J, 22 years old, USA. “If you place a small lot size you’ll end up making more money”. Brandon has just successfully passed our […]
Don’t go into revenge mode after a losing trade, That’s Janko Advice Janko N, 31 years old, UAE. “Realize that one profitable year doesn’t make you a profitable trader”. Janko has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader. He is now one of our funded traders […]
Even the perfect setups will not guarantee wins, so just trust your edge, That’s Dunhill Advice Dunhill J, 35 years old, Philippines. “Dunhill Explains How He Successfully Combines Day Job With Forex Trading”. Dunhill has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader. He is now one […]
Trading Alone is Negatively Impacted One of the most challenging aspects of trading is – loneliness. Unlike other careers where people always surround you, many professional traders who move from an office to working at home, end up hibernating in that office. It becomes easy to shut out the world even without realizing it. Humans are […]
Forex Triangle Patterns Financial markets are known for their volatility, a nonlinear structure that rigorous mathematical models cannot describe. But still, quite often, technical analysis patterns work on the market. One such technical pattern is the “forex triangle pattern”. The Triangle pattern is proven by many years of practice by hundreds of traders in the […]
Sitting and watching your trade play out will harp on all your emotions, That’s Quincy Advice Quincy T, 33 years old, USA. “Quincy advices how to pass The5ers program successfully”. Quincy has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader. He is now one of our funded traders […]
At the core of negative Trading Emotions, fear, greed, and hope thrive At first glance, many of you might look at the headline and think “fear and greed are bad, but hope? Isn’t it good to have hope?” In most instances, sure, hope can be a very positive motivator. For example, before you start trading, […]
Ditching the get rich quick mentality is a good way to maintain a stable trading career as you focus more on growth, That’s Marcos Advice Marcos m, 22 years old, USA. “Passing 5ers Challenge in Roughly 2 Weeks Grew my Trading Confidence”. Marcos has just successfully passed our Level 1 with a great trading plan and […]
Real talks with The5ers forex traders At The5ers, we get to speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We hear about the traders’ challenges and successes! From these talks, we get to learn a lot of important insights regarding trading performance that might be helpful […]
Don’t risk more than 100 pips, even on long-term trades, That’s Christopher Advice Christopher L, 49 years old, USA. “Never trade against the longer-term trend”. Christopher.L. successfully passed 3 programs simultaneously with a great trading strategy and has become a Level 2 forex funded trader. He is now one of The5ers Level 2 funded traders […]
Darunee is on her way to gain 10% profit to Doubling the Account for the Third Time Darunee W, 30 years old, Thailand. Darunee successfully passed level 1 on a $6K real live account in less than a month and started trading a $24K forex funded account on our platform. Darunee succeeded, and passed level […]
Have a winning trading strategy first and always practice proper risk management, That’s Billy Advice Billy A, 31 years old, Philippines. “The most important thing in forex is not risking too much”. Billy has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader. He is now one of […]
Unrealistic trading expectations Nobody becomes an engineer, a doctor, or a chartered accountant in a few months. It takes a lot of time to learn and then gain experience to become successful. So, it’s quite unrealistic to expect overnight success in Forex trading. Similar to other professions or businesses, it will require time to master […]
Forex Trading Demo When exploring the idea of trading in a new market, it’s natural to want to get started. You’re excited about the opportunity before you, and there may even be a specific reason you’re eyeing a new market. Where forex is concerned, for example, you may be looking ahead to 2021 and anticipating […]
Look into your trading big losses to remind yourself NOT to repeat them, That’s Rolly Advice Rolly A, 41 years old, Philippines. “Pick the setup with most winnings and stick with it”. Rolly has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader. He is now one of […]
Leverage Trading Leverage in Forex Trading – A close look at one of the most intriguing elements of forex trading It’s no secret that forex traders have a healthy appetite for high leverage. However, all too often high Leverage is a nasty trick played by retail brokers to dazzle traders with a utopian and false […]
Understanding one of the most trusted and reliable theories in trading In the pantheon of legendary technical analysts, perhaps none sits higher than Richard Wyckoff. Observing the market in the early 20th century, Wyckoff pioneered a method of technical analysis that is still widely used by traders today. The Wyckoff Theory or Wyckoff method is […]
Forex slippage control If you’ve only recently joined the ranks of live traders, the term order slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education only deals with theory and prices in a lab environment. […]
Why it’s necessary to accept and harness your emotions in order to be a successful trader Trading Psychology – We can never be neutral in our emotions. No matter how hard we try, we will always feel something, in some mood, and in some direction. For traders who think this is a bad thing when […]
How to Create a Trading Plan that Guides You Through Your Trading Career It’s one thing writing an article about why trading according to a plan is the only way to go. But without giving the traders the tools of how to create a trading plan, success may not be as reachable as your true […]
