Joshua.D. has just successfully passed our evaluation program with a great trading plan and become a funded trader.
He is now one of our funded trader’s and he is trading with a $40K funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 80K.
We spoke with Joshua.D. about his trading plan, insights, and lessons gained while trading in the Forex market and on our
platform as a funded trader.
How were you introduced to the Forex market?
I began trading Australian Equities intraday for about 12 months before moving over to FX, Commodities & Indices.
Describe your trading plan.
My plan is also unique by the market (given the underlying variations of technical characteristics and price structure)
And allows me to adapt my strategy where required.
Tell us about your trading routine.
Backtesting my strategy across new markets,
Forward-looking at event risk and monitoring/executing existing and new trade opportunities.
How do you manage risk in your trading? Do you have risk management techniques?
Where possible I look to eliminate risk via trailing stops beyond my entry-level and then by price structure depending on the setup.
What was your biggest challenge in trading, and how had you overcome this?
Chasing my tail and not considering probabilities in the market were my biggest challenges.
The key to overcoming the challenges was through a tireless amount of backtesting my strategy against the markets,
I operated within and creating a trading plan which was consistent with considering probabilities in each trading opportunity I come across.
What was the key moment of your trading career?
The stronger the adherence the more consistent my trading plan results became,
Which has dramatically improved over the past 12 months in particular.
In your opinion, what are the most important characteristics for maintaining a steady trading career?
Complete acceptance of risk, a high level of technical skill/ability and balance in other areas of your life.
What is the most important trading mental aspect, and how do you apply it in your routine?
What was your strategy to successfully passing The 5%ers’ Evaluation Program?
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
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