After 3 Years, This Is What Makes Me A Consistent Trader (2024)

June 24, 2021 | 12:47 pm | Successful Traders

June 24, 2021 | 12:47 pm
Successful Traders

His next mission is to reach 10% of profit and double his funds to 80K.

We spoke with Mohammed about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.

Click herefor more Inspirations lessons and interviews from ourprofessionally funded traders.

• Tell us a little bit about you.
  My name is Mohammed, and I’m born and live in Copenhagen. I’m 29 Years old.

• How long have you been trading?
  5 years

• Briefly describe your Trading Plan and how it contributes to your success.
  My trading plan is. I analyze all forex pairs Monday morning, so I got a view of what’s happening in the market rest of the week. I on the chart max 30 min every day and put pending orders only if there is an opportunity, and the rest of the time, I do Nothing.

• Share with us a challenge you faced in your trading career and how you overcame it?
  My biggest challenge was not to find the right strategy, but rather understand how the markets really work, because the market certinally have I way how it works and also to be disciplined, patient, and consistent that take a lot of time to build.

• How did you adjust risk management to your trading personality?
  The risk is easy to adjust once you know what you are doing, and it is the most important part of trading. Risk adjusting comes with experience.

• Describe a key moment in your trading career.
  My key moment was when I kept failed and failed over and over and fixed those mistakes.

• How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent??
  It took me around a little over 3 years. I became consistent when I could see what’s wrong when I failed and that I wasn’t patient and looked at the chart the whole day and was not disciplined enough in my trading, so there comes a moment when you get enough of it and says to yourself that you are gonna change that habit.

• What is your mental/psychological strength, and how did you develop it?
  I developed it once I got tired of making the same mistake over and over again for a long period, and once you can see that these things are crucial in trading, you will automatically be sharp.

• What was your strategy to successfully passing The5%ers’ First Level?
  My strategy is swing trading. I look at the correlation between USD and the indices and other pairs what they are doing. I analyze the fair value price and what most retail traders will do in that situation once the price goes out of fair value. I look at the location of the current price and the location of previous highs and lows, and the structure of price movement.

• How is trading for the5ers different from trading by yourself?
  It is no different, completely the same.

• What would you recommend to someone who is just starting with us?
  I will recommend that they have good risk management and be very patient and not overtrade.

• Share online resources that were/are significant in your trading development. Name and links are appreciated.
  Sam Seiden helped med a lot. Best teacher out there. His content is free on YouTube.

• Would you like to share anything else with us?
  Thank you for the opportunity. And your program suits me perfectly and suits the real world of trading.

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