In a recent The 5%ers trader interview, Rahul, a Software Engineer and part-time trader, revealed his journey into the world of trading and discussed his strategies. Rahul, a $60K High-stakes funded trader, is currently on a mission to achieve a 10% profit and scale his trading accounts to $70K.
Rahul began his foray into the intricacies of forex trading two years ago, combining his analytical skills with a deep understanding of market dynamics. His commitment to continuous learning and diligent efforts have transformed him into a proficient and consistent trader.
The 5%ers Trader Rahul Interview
When asked about his trading plan, Rahul outlined a strategy that revolves around key elements such as support and resistance, complemented by the strategic use of 50, 100, and 200 moving averages alongside RSI indicators for confirmation. He also incorporates Fibonacci retracement and leverages insights from the options chain contract data to identify crucial support or resistance levels.
To successfully pass The 5%ers’ evaluation, Rahul emphasized meticulous preparation. He mastered his chosen trading strategy, adhered to strict risk management, and demonstrated consistent profitability during the evaluation period. This approach enabled him to meet the performance criteria and progress to the next funding level.
Trading for The 5%ers differs from individual trading, as it involves a funded trading model. Traders operate with The 5%ers’ funds, allowing them to trade larger positions and share profits with the platform while enjoying the benefits of a performance-based income. The process also entails meeting specific criteria to progress through different funding levels. Read the Full Blog by Clicking HERE.
About the Firm
Here are some important facts about the firm:
- Traders community
- News trading allowed
- Overnight & over the weekend holding allowed
- Algo trading allowed
- Advanced dashboard
- Live trading room for their clients
- One-time fee
- Instant payouts, upon request
- Real-time trading notifications