RYAN IS NOW A LEVEL 2 TRADER – SUCCESSFUL FOREX TRADERS
RYAN IS NOW TRADING £10,000
How long did it take you to become profitable and how did you become consistent?
It took me a while to find a strategy that works for me and I found this strategy about 3 months ago, after backtesting and applying the strategy in my demo account I found that it’s a profitable strategy and as long as I stick to it quite strictly it became more consistent.
What trading methods do you use? Elaborate on your trading style.
I use a combination of 3 moving averages at 21,50 and 200 with the assistance of the RSI. I will enter a buy when the candle after the breakthrough above the 3 averages occurs and a sell with the opposite. I also look for further confirmation on the rsi being above 50 for a buy and below 50 for a sell. This along with trading in a channel and looking for patterns. Mainly double tops and bottoms. I pick my highs and lows on the 1hr time and trades the 5 min charts around these levels.
What has been your biggest hurdle to overcome?
Being impulsive and impatient. Up until the past few months this was an inside with mine and not trusting my analysis and trades. Since this, I am now much better although not perfect. I am learning to take myself away from the charts regularly whilst in a trade and check periodically to see what is happening. Only at certain points will I adjust my trade.
What has been your best moment in your trading career?
Reaching my targets on my £2,500 account to give me reassurance that I could have a career in something I really enjoy. And to do it so quick!
Why did you choose Forex Traders UK?
You guys offered great help from the start with all my questions being answered from day 1 and also help and advice on where I was perhaps going wrong. You also are UK based which was a massive factor to me. Overall a great service and also helped me with a little discount for the account!
What would you say to other traders starting out with Forex Traders UK?
Just to be consistent. Don’t think you have to rush, find what works for you and stick to it. Once you get more confident, then you can increase your profits.
What are you goals long term in trading?
Too have a long and successful career and earn a decent living for myself
Want to be featured on our blog with successful Forex traders?
Send us an email to email@example.com to be featured on our blog and show off your performance.