In a recent interview, The Funded Trader shared Nicholas’s story. He is a 24-year-old trader hailing from Maryland, opened up about his remarkable journey into the world of trading and his impressive achievements within the Forex market.
Nicholas recounted his trading initiation three years ago, followed by two years of active trading experience. His recent payout of $8,490 is a testament to his dedication and skill.
“I learned about trading three years ago, but I’ve been trading for two years officially,” Nicholas shared, emphasizing the importance of taking one’s time to learn without rushing the process. His journey began with curiosity when he stumbled upon the IM Academy on Instagram during the pandemic. Although initially skeptical due to pyramid scheme claims, Nicholas’s interest was piqued. This led him to explore independent day traders and their results.
The Funded Trader Interview
Nicholas recounted the challenges he faced early on, including a failed attempt that saw his initial $2,000 investment vanish within a few months. Undeterred, he worked part-time while demo trading, honing his skills until he finally found success. Transitioning to trading with a prop firm, he experienced setbacks but ultimately achieved consistency and proficiency.
Asked about his trading strategy, Nicholas attributed his approach to a blend of self-learning from YouTube videos and insights from trading communities. After around 18 months of experimentation and refinement, he found a strategy that resonated with him.
Emotional control emerged as a significant hurdle for Nicholas, but he overcame it through patience and disciplined risk management. Reflecting on a turning point in his journey, he shared a lesson learned from a volatile trading day where a $20,000 gain quickly turned into a $10,000 loss. The experience taught him the importance of resisting greed and seizing profits at opportune moments.
Nicholas emphasized the significance of mastering risk management, attributing his growth in this area to resources like Jason Stapleton’s teachings on risk-reward ratios. With a strong focus on managing emotions and employing effective risk-reward principles, Nicholas continued to refine his trading skills.
When asked about advice for newcomers, Nicholas stressed the importance of patience.
For more insights, watch the video.
About the Firm
The Funded Trader follows the belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.