Back to BlogWe spoke with Thomas about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.
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- Tell us a little bit about you.
I am a Forex Trader with more than 10 years of experience.
- How long have you been trading?
I have been learning and trading on and off for more than 10 years.
- Briefly describe your Trading Plan and how it contributes to your success.
I read the monthly, weekly, and daily charts to see the big picture ( trends, patterns ) and to draw important support and resistance levels. Then I look at the last weekend’s close price and the last day’s close price and I read the Forex economic calendar to plan my daily trading. I use price action and high probability strategies for daily scalping trading.
- Share with us a challenge you faced in your trading career and how you overcame it?
My biggest challenge was mostly psychological: indiscipline and risk management. My challenge and experience with The 5%ers have really helped to train my discipline and risk management skills.
- How did you adjust risk management to your trading personality?
I determined the maximum draw-down and determined how at least 20 trades to fit into it. I tried not to have continuous losses for more than 5 trades. I used statistics and probability methods in trading and money management strategies.
- Describe a key moment in your trading career.
When I challenged The 5%ers’ Evaluation Program in 2019.
- How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
I have become consistent since challenging The 5%ers’ Evaluation Program for about 2 years.
- What is your mental/psychological strength, and how did you develop it?
I set my mind on these things: ” Losing is part of the trading process. Accept it and prepare for it! So what is the next trading plan? “
- What was your strategy to successfully passing The5%ers’ First Level?
I use price action and high probability strategies for daily scalping trading. Although I trade every currency pairs which I see high probability trading setups, but I try to master and I am used to focus on EUR/USD.
- How is trading for the5ers different from trading by yourself?
The 5%ers have really helped to train my discipline and risk management skills.
- What would you recommend to someone who is just starting with us?
The5%ers’ funded program and support are really helpful. GREAT! Look forward to a long-term relationship with The5ers and Growth Trading Program.
- Share online resources that were/are significant in your trading development. Name and links are appreciated.
I regularly use these sources : * Forex news calendar & Fundamental analysis
* Forex technical analysis
- Would you like to share anything else with us?
I look forward to a long-term relationship with The5ers and Growth Trading Program.
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