We spoke with Thai about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
Click here for more inspirational lessons and interviews with our professionally funded traders.
I am a tea seller in Vietnam. I am 24 years old this year, and I started trading forex when I was 18 years old. I have traded many self-funded accounts, and these are the first times I have traded funds.
I am a full-time trader, and I have been trading for 6 years.
I spend time analyzing only 1 xauusd pair and a few other pairs like GU or UJ, but mainly xauusd. I only analyze support and resistance, a few indicators like RSI and Bollinger bands, and look at the action. The price goes through small frames like m5 and m15, thereby determining the main trend and good entry points. I plan full SL and TP for orders with a take-profit ratio higher than take-loss, like 1:2. 1:5, with orders up to 1% of the account. I carefully record the transactions of the day and summarize them daily
The biggest challenge is trading psychology. When I don’t have a stable mentality, I can easily lose my composure and break my rules, affecting my original plan.
I set a maximum loss of only 1% of my account for each order position. When I have a losing order, I take a break to relax and continue analyzing.
For me, every transaction moment is important
It took me nearly 3 years to learn and gain experience
I look back at the losses, look at my psychology, look at my plan to summarize.
I trade Gold and only enter a maximum of 0.05 lots for 1 order at a time, I can have 3 such orders, but the total loss is only 1.5% of the account, taking profit is 5 times the SL level. It’s good that I overcame it.
more disciplined and more challenging.
Try trading at The5ear, and you can rest assured about the product’s support rest assured about the reputation, myself. Have withdrawn money 3 times and been paid very quickly
I hope there are more programs for investors. I also want to participate in bigger challenges.
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Five Percent Online Ltd. (“We”, “Our”, “Us”, or “Company”) operates as a proprietary trading firm. The Company is not a custodian, exchange, financial institution, trading platform, fiduciary or insurance business outside the purview of financial regulatory authorities. “The5%ers” is a brand name operated by the Company.
All trading activities conducted through the Company Hub are executed in a simulated environment. Users should be aware that the trading results in this environment do not reflect real trading outcomes. The simulated trading environment in the Hub is designed for educational and evaluation purposes only. The “funds” provided to you for the evaluation are fictitious, do not represent any currency, and that you have no right to possess those fictitious funds beyond the scope of their use within the Hub and for the sole purpose of the evaluation, and in particular that they may not and cannot be used for any actual trading and that you are not entitled to any payment or other right in or of those funds.
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