Welcome to another interview where we had an insightful conversation with Eduard about his approach and experience in the Forex markets. Through years of experience, Eduardo brings forth a wealth of knowledge and techniques in navigating the foreign exchange markets. Join us as we try to understand how Eduardo became a successful funded trader. We hope you enjoy it!
(EUR/GBP TradingView Chart)
Eduardo is our $30,000 funded trader from Brazil. He started trading 15 years ago and has been a full-time trader since 2022. Eduardo says that the journey wasn’t easy. With Audacity Capital, it took him about five months to hit his first target, which was an achievement.
Before coming to Audacity Capital, he was trading his personal account, and after further research, he found this program, which has helped him a lot.
He outlines that:
“Audacity Capital has a very interesting method to Forex because of a plan that allows traders to be profitable consistently in the markets.”
Audacity Capital has rules that help lead Forex traders to a consistent path. Eduardo says he loves prop firms because they also allow him to trade a huge amount of capital compared to having a personal account.
He adds:
“Audacity is a place to stay because you have everything you need on the platform.”
To be successful in the Forex market, you need a working strategy. Eduardo says that he loves Algo-trading. He combines support and resistance, Bollinger bands, SMC concepts, and Fibonacci retracement to trade. He adds that he uses three kinds of robots, depending on the market condition.
He also mentions that he loves to trade on a ranging market because it is where the strategy works best. He basically makes a study and selects 1, 2, or 3 pairs to trade. However, note that Algo-trading may not work for all pairs and may not be suitable if you do not know how to use them.
Eduardo clearly states:
“So many people try to avoid Algo-trading/robots because they do not know how to use them. It is important to understand that it is not for everyone. Make an approach and observe if the strategy responds to your risk management.”
Risk management is crucial in Forex trading. Eduardo reveals that the risk management in Audacity is very conservative and plans to implement the same concept in his personal accounts. He admits that his money management in other accounts is quite aggressive. He also notes that he has found value in trading with Audacity Capital because their risk management method allows traders to perform well in the market.
As a Forex trader, you should know that the journey might not be easy, but with consistency and a good plan, you will make good profits. Eduardo advises beginner Forex traders to find a place like Audacity Capital. A platform that is reliable and provides a conducive environment for learning and trading.
Take your time to understand its ecosystem and its risk management techniques. It is also important to be less aggressive in the market and more consistent with the rules to make it work out. To learn more, watch the full Interview with Eduardo.
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