The Funded Trader is a community-oriented prop firm. They are looking for enthusiastic and knowledgeable traders who will prosper with the aid of their funds by displaying expertise in volatile market conditions. By managing account sizes up to $1,500,000 and taking home profit splits up to 90%, they enable them to generate high profits.
Traders can do this by trading cryptocurrencies, commodities, indices, and forex pairs. Their main office is 14001 West Highway 29, Suite 102, Liberty Hill, Texas 78642.
Interview with The Funded Trader
Remo Dalimonthee is a funds lawyer from Germany who started trading in 2020. Remo was in the Cayman Islands with two clients who were forex traders. He did a lot of studying on his own. He was able to tweak the initial strategy he learned from his clients to what worked for him.
When he first started in 2010, he bought stocks and traded CFDs. The stocks went well, but CFDs did not. It wasn’t until 2018, when he met the two forex traders, that he was inspired to continue what he did. He started with a small account, blew it, and decided to fund with the four-figure larger accounts but blew up 2 or 3 of those. He could triple the money on one of his accounts, but in the end, that failed as well. Remo also failed to complete all of the challenges he attempted. For him, it was a long journey filled with failures.
He talked about how the payout was rapid and arrived within two days. He said he had issues concerning the profit split and what to input. But he was able to sort it out fast with the help of the appropriate people dealing with it. Overall, he was pleased with the process in the end.
Remo is an Elliott waves trader, so he looks at Elliott waves and technical analysis generally and the usual trend lines. He also looks at the Fibonacci tool. When there’s a 30% or 33% fall, he generally likes to place a trade that will fall further to 66%. He also follows fundamental news, which he thinks is helpful because news draws many traders’ attention.
Remo spends most of the day looking at the charts to stick to his strategy. He first looks at the larger time frames, like 4 hours and 1 hour, to determine if there’s a trend. If it’s going up or down or if it’s ranging sideways. After this, he looks at smaller time frames, like 15 minutes or 5 minutes, and then trades on the 1-minute chart.
For more details, Watch the Video: