Trading Statistics And Interview Of Our New Funded Trader For The5ers Fund

Chris. J from Canada is our newly funded trader who just passed The5ers evaluation with great success; it seems he is a very conservative and disciplined trader; his style is a swing trader, and his statistic results are very good, with a very low DrawDown of – 1.93%, and a sharp ratio of 0.30 which is great. He is now funded by The5ers Fund with a new 40K account, and his next goal is to reach 10% of profit and get a double account of 80K, The5ers team welcomes and wishes success to Chris. J. 

Name: Chris J.

Age: 36

Country: Canada

Please describe your trading journey. How long have you been trading? When do you become consistent? What made the change for you?

• I had discovered the forex market almost three years ago. After experiencing some losses, I’ve met a friend who is a trading coach, he helped me better understand the market. Then, I continued my trading formation myself, using a demo account first and learning from my own experiences.

How were you introduced to trading?

• I was doing some research a few years back when I wanted to invest in the stock market. I experienced some losses, and through a friend, I met a trading coach Who helped me understand the market and build a strategy.

Describe your trading plan.

• Look at a bigger time frame to see the trend. Then, at a lower time frame (d1 and h4), look for signal: candlesticks or chart pattern. When I find a signal, I wait for the confirmation and the best entry. I use the moving average to confirm the position. I also stopped losing and made a profit using them. Then, I place the position with the lower risk/reward ratio.

Tell us about your trading routine.

• Each day, very early, I do a technical analysis and see if I can find opportunities. Having normal work doesn’t allow me to stay on my computer, so I have to place a position using at least an h4 Time frame. When I place a position, I have to check it a few times during the day. When I come back home, I can search for other opportunities in the evening. The forex market is almost always open!

How do you manage risk in your trading? Do you have a risk management technique you can explain?

• I always look for positions where the risk/reward ratio is at least 1/3. To do that, I have to enter the position at the perfect entry, where I risk just a few pips. So, even if the market doesn’t follow my position, I’ll never lose a lot.

What was your biggest challenge in trading, and how did you overcome this?

• The psychology! Always follow your trading strategy. I tried to trade, looking for opportunities in a bigger time frame. So I don’t have to stay in front of my computer so less stress!

What was the key moment of your trading career?

• After a friend helped me understand the market and how it works, he helped me build a strategy and supported me all the way. He was very supportive and encouraging. I started to be more successful when l learned to handle my psychology while trading.

In your opinion, what are the most important characteristics of maintaining a steady trading career?

• Discipline: it takes time to analyze and understand the market. A good psychology is to build a trading strategy and always stick to it. Patience means staying away from the market when there is no clear direction.

What is the most important trading mental aspect, and how do you apply it in your routine?

• Not confusing, trading and gambling! It’s not necessary to take high risk. Every risk should be calculated. When placing a position, think about how much you are ready to lose, not how much you will win. It helps you not be emotional.

What is your strategy to successfully pass the5%ers evaluation account?

• Wait for clear opportunities before placing a position.

Please share your recommendations with online resources that were significant to your development path. Names and links are appreciated.

• centralcharts.com
• nifttradindacademy.net
• meillersbrokers.com

Please write anything you think is important but was not asked.

• I recommend the book: The Candlestick Trading Bible to every learning trader.

The5ers – We Fund The Top Forex Traders.

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