Interviews With Traders

I’ve Been a Frustrated Trader Until I Focused on The Important Things

February 10, 2022 | 4:36 pm | Interviews With Traders
February 10, 2022 | 4:36 pm
Interviews With Traders
I've Been a Frustrated Trader Until I Focused on The Important Things

Give an opportunity to fundamentals since it can give you the needed edge to profit from the markets, That’s Alejandro’s Advice.

Alejandro S, 41 years old, From Canada.

Alejandro has just successfully passed our Level 1. He is now one of The5ers funded traders and is trading with a 24K low-risk funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 48K.

We spoke with Alejandro 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.


Alejandro S The5%ers funded account - Frustrated Trader


Alejandro S The5%ers graph - Frustrated Trader


Alejandro S The5%ers best profit

Alejandro S The5%ers Advanced statistics


Alejandro S The5%ers symbols data - Frustrated Trader


  • Tell us a little bit about you.
    I’m Alejandro from Venezuela but living in Canada since 2014. I work full time as a Telecommunications Engineer. I like sports (soccer, baseball, hockey, etc). I also like to travel whenever I can. I have a 2-year-old son whom I love very much.


  • How long have you been trading?
    I have been trading for 8 years. I got introduced to trading from a colleague at work in Venezuela, and I haven’t abandoned it to this day. I have been through a lot of frustrating moments and very few successful experiences until I decided to focus on the things that, in my opinion, are important in trading, particularly fundamental and macroeconomic analysis to trade strong vs. weak currency pairs. It took me a long time to shift from pure technical to focus more on the fundamentals and use technical analysis only to define risk and find key levels to trade upon.


  • Briefly describe your Trading Plan and how it contributes to your success.
    My trading plan is very simple. Every morning I use free resources to determine the bias from a fundamental view of all the major currencies. I look at bond yield spreads, and I check the COT reports and current retail sentiment. I try to keep up to date with Central Bank views of their economies, and I determine the current market sentiment (risk-on/off). With all that information, I establish a fundamental bias for each currency, and I try my best to trade strong vs. weak currencies according to my analysis. Once I have a fundamental bias, The only thing that I need are key technical levels, where I can define and limit my risk, and for that, I use Supply and Demand. I don’t use candlesticks or chart patterns as confirmation. I’m only interested in trading the key levels in the direction my fundamental analysis gives, so I enter my positions using limit orders. I don’t use take profits, so I trail the stop loss with each R movement in my favor. In that way, I allow the possibility of having huge profitable trades


  • Share with us a challenge you faced in your trading career and how you overcame it?
    It took me a long time to see that technical analysis by itself doesn’t work for me. It could work for some people but not for me. I needed reasons to trade apart from a candle bouncing from a Fibonacci level or a moving average. I think technical analysis has its place in trading, but the focus should be on the fundamental reasons that move the markets. Learning the terminology and jargon of fundamentals was certainly a challenge, but with some time and effort, anyone can learn it. Now when I read an article written by an analyst, I understand what they say. It was certainly not the case at the beginning.


  • How did you adjust risk management to your trading personality?
    One of my strengths as a trader is that I tend to stay away from a gambler mentality. Since I’m a trend-following trader, I know I will have more losing trades than winning trades, so I limit my risk considering that I could have a long losing streak.


  • Describe a key moment in your trading career.
    Passing the 5%ers evaluation period has certainly been the most important moment in my trading career. I see it as a confirmation that I am finally on the right path and motivates me to keep trading the way I have been trading and to stick to my trading plan


  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    It took me 7 years to be profitable. I made all the mistakes you can think of: looking at trading as a get-rich-quick-scheme, switching from system to system, inconsistent risk management, avoiding fundamentals at all costs, following fake gurus that were supposedly making millions each year, etc. It wasn’t until I looked at trading as a career that I began to ask myself the right questions. There is a lot of misleading information out there, and you need to be very careful and look at this as a career, as a serious business, so you can filter all the noise and focus on quality information. This is as serious as being a lawyer, a physician, an engineer. That is how you need to look at trading.



  • What is your mental/psychological strength, and how did you develop it?
    I’m very persistent, otherwise, I wouldn’t have endured 7 years of frustration before I became profitable. This is something that I learned from my dad. Once he sets a goal he persists until he succeeds. I guess I unconsciously added that into my character.


  • What was your strategy to successfully passing The5%ers’ First Level?
    My strategy is not complicated at all. I do fundamental analysis and determine which currencies are strong and which are weak, and I try to trade strong vs. weak. Once I have a bias, I look for supply and demand levels to define my risk and trade with limit orders. I don’t use charts or candlestick patterns. I don’t set take profits, and I trail my stop loss with each R movement in my favor.


  • How is trading for the5ers different from trading by yourself?
    It makes you focus 100% on risk management since there is a drawdown limit. This encourages traders to trade responsibly; otherwise, you are out of the program. Maybe with my personal account, I would be more permissive with risk.


  • What would you recommend to someone who is just starting with us?
    I would recommend having a proven strategy beforehand and being able to adjust risk to fit in the 5%ers program. I would encourage people to avoid seeing this as a casino and really think of this as an opportunity to boost their trading career


  • Share online resources that were/are significant in your trading development. Name and links are appreciated.,,, COT reports, Bond Yield Spreads (many videos on youtube) Book: FOREX Using Fundamental Analysis & Fundamental Trading Techniques to Maximize Your Gains by Dave Matias


  • Would you like to share anything else with us?
    Give an opportunity to fundamentals since in my opinion it can give you the needed edge to profit from the markets


If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter.

Subscribe to our youtube channel.

Click here to check how to get qualified.

Click here to check our funding programs


View previous comment

Follow us: The 5%ers on Facebook The 5%ers on Linkedin The 5%ers on Instagram The 5%ers on Twitter The 5%ers on YouTube

Get notified

whenever we publish a new article

    we fund trader


    The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

    Get Your Forex Funded Trading Account

    Your message is underway!

    You will be hearing from us shortly