Welcome to this exclusive interview session with Sylvanus, where we delve into his fascinating insights and experience on the Forex market. In this series, you will get to know his diverse background in the Forex market, how he became a $30,000 funded trader, and how you can also get started. We hope this enriching discussion will inspire and enlighten you to embark on a more fulfilling journey.
( EUR/USD Bearing TradingView Chart)
Sylvanus is a funded trader at Audacity Capital, managing an account of $30,000. His trading journey began in 2019 when he decided to quit his 9 to 5 job. He says that his salary could not take care of all his basic needs and he wanted to start something new, which was Forex Trading.
His friend was doing Forex at the time and started mentoring him. A few years later, he began making consistent profits and now holds an account of $30,000.
Slyvanus reveals that:
“Before I met Audacity Capital, I was making profits, but it was not consistent. Audacity Capital has really helped me a lot. I now know risk management is very important, as well as being patient and managing my psychology.”
Slyvanus is a full-time trader and loves Audacity Capital so much. He says that it is good because of the rules. In other accounts he was using before, they allowed him to trade with any lot size, which was not a good thing. This is because the possibility of blowing your account is higher. Traders should understand that Audacity Capital has rules and a plan for traders to help them improve their performance and to allow them to achieve consistency in the long run.
Sylvanus also says that he was initially a swing trader, but day trading is helping him a lot as he is accustoming himself to a much better strategy. He uses the fast and slow Exponential Moving Averages, plus other things to make accurate entries.
He mentions that he first looks at the general market trend on the Daily chart. That gives him an idea of the direction to go. He then waits for a confirmation before entering the market. Sylvanus emphasizes the need to stick to the rules and a trading plan to make consistent trades.
This is what he tells other traders:
“Being patient is one of the most important things every trader needs to know. You have to wait for the price to tell you. You can’t actually command the price to move. Let the price communicate to you.”
Traders are also advised to cut their losses when the trade goes against them. Instead of hoping the trade goes in your direction, get out. Otherwise, you will lose your money and time.
Finally, Slyvanus says he is happy with Audacity Capital because it prepares him for the following trades. He also adds that it has really helped him improve his trading skills, and the best part is he get quick responses from the support team whenever he needs help.
Being a trader is not easy, but you can make consistent profits with a good plan. To learn more tips from Sylvanus, click here to watch the full interview.
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