We spoke with Mohamed 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 an ordinary trader trying to learn something new about trading.
I am fairly new to forex trading. I started about 4 years ago, and I am still learning, but before forex, I started about 15 years ago to invest in local Swedish stocks and options. I am a scalper.
I actually don’t have a trading plan yet. I try to trade on the London open and New York open going in and out, and I try not to risk more than 2%. But I’m working to fix a real plan that works with my strategy and time, as well as my psychology.
When I started, it was tough. I lost a lot of money because I had no respect for RR and moved stop loss more often. To overcome this problem, I reduced the lot size and tried not to overtrade.
As I have said before, I try not to risk more than 2% and close losing trades before they reach stop loss.
When I learned about funding companies.
It took me almost 4 years of trial and error. I lost more than 12 challenges from various prop firms; I would say that I had found consistency and confidence since the beginning of 2023 when I started to accept that loss is part of trading and started to close out losing positions before they reach stop loss.
My mental strength, I can say it is normal, as long as I have patience and take a break after a big loss to prevent doing revenge trading.
I think the key is not to set time targets, trade small try not to risk more than 1%.
5ers is an important company, to get more opportunities than trading my self. I like the scaling programs.
Take it slow because there is no time limit.
The YouTube channel ( The5ers Funding and Beyond )
Tack för denna möjlighet. Jag gillar Discord-communityt(Thank you for this opportunity. I like the Discord community).
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