Vawda.Z. 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 Vawda.Z. about his trading plan, insights, and lessons gained while trading in the Forex market and on our
platform as a funded trader.
Vawda.Z. statistics on Forex Factory
How were you introduced to the Forex market?
Do you have a specific trading plan?
I have a range of things which include a few basic indicators coupled with price action.
In order for me to place a Trade, I need at least 3 confluences to line up in my favor which sometimes might mean I don’t place trades as often as the next person.
However, this is my plan and if my indicators are not met I will stay Out of the market. Discipline is key.
Tell us about your trading routine.
Do my larger timeframe breakdowns and make notes of pairs I have an interest in for the week ahead.
I will then look at the economic calendar as well as Bloomberg for potential news and announcements expected for the week ahead.
Every morning I start with the daily all the way to the M30 before London Open and that’s my daily and weekly routine.
Do you have any risk management techniques? If so, please, elaborate?
What was your biggest challenge in trading, and how did you overcome it?
The discipline, especially in regards to knowing when is it best to stay out of the market.
I think most traders fail solely because of the mental fortitude and discipline required to be a good and consistent trader.
What was the key moment of your trading career?
In your opinion, what are the most important characteristics for maintaining a steady trading career?
Do you apply any mental/psychological routines while trading? Please elaborate.
What was your strategy for successfully passing The 5%ers’ Evaluation Program?
Believing that consistency will finally get me to my target.
I was disciplined and stuck by my strategy even through a period of a couple of losses without losing faith and belief in my ability and analysis.
How long did it take you to become a consistent trader?
Due to the small capital, I had been trading within my first 2 years I was forcing trades even when there were no good setups.
Once I started focusing on percentage growth and discipline I noticed a huge shift in my results.
Would you like to share anything else with us?
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