D. Mayowa from Nigeria has just qualified for a 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 sound risk management. Here are the statistics and the Interview with D. Mayowa.
Name: D. Mayowa
Age: 35
Country: Nigeria
Please describe your trading journey. How long have you been trading? When do you become consistent? What made the change for you?
- I have known about trading since 2007. I was then introduced to many trading systems, including pivot point trading, support, resistance, news trading, etc, but was never consistent for the first three years. I then left forex trading for other business ventures, including poultry, egg, and meat production, but I still have an interest in trading forex. I returned 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. The revolution of my trading success came when I met a mentor online, Vladimir Ribacov of the 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 my demo accounts in March/April 2018. I later decided to go for the 5%ers evaluation to raise funds 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 made on my 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 did 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 understanding 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 is the most crucial trading mental aspect, and how do you apply it in your routine?
- Patience and money management. I applied pending order techniques and constantly reminded myself 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 intelligent money management.
Please share your recommendations with online resources that were significant to your development path. Names and links are appreciated.
Please write anything you think is important but was not asked.
- The God factor can never be overemphasized. There were times I had to fast and pray to understand some concepts. My wife also has been very supportive and encouraging.