D. Mayowa from Nigeria has just qualified to 40K funded Account. He was introduced to The5ers Fund by Vladimir Ribakov, it took him 2.5 months to hit the target and we can see in his growth chart that he is a very stable and disciplined trader with a good risk management. Here are the statistics and the Interview of D. Mayowa.
Name: D. Mayowa Age: 35 Country: Nigeria
Please describe your trading journey. How long are you trading? when you become consistent? what made the change for you?
I knew about trading since the year 2007. I was then introduced to a lot of trading systems which included pivot point trading, support, and resistance, news trading etc but was never consistent for the first three years. I then left forex trading for some other business ventures which include poultry egg and meat production but I still have the interest in trading forex. I came back last year (2017) after reading a book, Technical analysis of Financial markets by John Murphy and watching some youtube videos, yet I was still struggling with money management and being consistent. I blew off several accounts both demo and real accounts. The revolution of my trading success came when I met a mentor online, Vladimir Ribacov of Traders Academy Club. I subscribed to the club in January 2018, with the help of my father, Engr Titus Durosinmi who paid for it. I went through their training videos and started attending their life trading rooms. I became consistent in March/April 2018 in my demo accounts. I later decided to go for the 5%ers evaluation to raise fund for trading.
How were you introduced to trading?
Through a friend in veterinary school, Dr. Akinkuotu Femi
Describe your trading plan.
I trade cycles with divergence principles
Tell us about your trading routine.
I go through the charts at the market sessions on the computer and make the necessary drawings on my mobile phone. Most of my entries are through the mobile phone.
How do you manage risk in your trading? Do you have a risk management Technique you can explain?
The summary is that I risk less than 1% of my account on any pair I’m trading.
What was your biggest challenge in trading, and how had you overcome this?
My biggest challenge was the power supply in my country. I don’t have the luxury of using a computer for analysis most of the time. So, I have to adapt to the mobile interface of trading.
What was the key moment of your trading career?
The moment I spent under the training and mentoring of Vladimir Ribakov and the Traders Academy Club community members.
In your opinion, what are the most important characteristics for maintaining a steady trading Career?
First, focus on the understanding of the concept of trading, have a trading style that suits your personality, have some rules at your fingertips to guide you, follow your rules strictly and be patient.
What it the most important trading mental aspect, and how do you apply it in your routine.
Patience and money management. I applied pending orders techniques and always reminding myself that there is always a tomorrow to trade again.
What is your strategy to successfully pass the5%ers evaluation account?
Slow and steady, Good planning, Persistence. Patience and smart money management.
Please share your recommendations with online resources that were significant to your development path. Name and links are appreciated.
The 5%ers Funding Forex Traders & Growth Program is a trademark brand name owned by FIVE PERCENT ONLINE LTD. ISRAEL (LEI: 894500CK24MUEFQG0E92) and its UK Subsidiary FIVE PERCENT ONLINE LTD,
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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