FUNDED ACCOUNTS: TRADING SUCCESS, TIPS AND STRATEGIES ( FOR BEGINNERS IN CRYPTO CURRENCIES AND FOREX MARKETS TRADING )

Funded Accounts: Trading Success, Tips, and Strategies ( for beginners in Crypto Currencies and Forex Trading Markets )

I wanted to share my recent success with you all, hoping to inspire and motivate you in your own trading journey.

A couple of months ago, I was finally granted a $300k funded account by a company.

The best part? I’m making much more per trade than if I were using my own funds! 🚀💰

I know many of you are striving for similar success, so I thought I’d share some advice and strategies that have worked for me.

But first, a bit about my trading style:

I’m an intraday trader, primarily focusing on major currency pairs like EUR/USD, GBP/USD, and USD/JPY.

I combine technical and fundamental analysis to make informed decisions. 🔍

Risk Management:

This is absolutely crucial.
Always use stop losses and never risk more than 1-2% of your account per trade.
Also, maintain a healthy risk-reward ratio (I aim for 1:2 or 1:3).

Support and Resistance:

Identify key levels where price may bounce or break through.
Use tools like trendlines, Fibonacci retracements, and pivot points to strengthen your analysis.

Moving Averages:

I love using the 50-day and 200-day moving averages (50MA and 200MA) to gauge the overall trend direction.

When the 50MA crosses the 200MA, it can signal a potential trend reversal (golden cross = bullish, death cross = bearish).

Price Action:

Candlestick patterns and chart formations (like head and shoulders or double tops/bottoms) can provide valuable insights into potential market movements.

Fundamental Analysis:

Stay updated on important news events and economic releases that can impact the forex market.

Use an economic calendar to keep track of such events.

Exness is an online broker that offers trading in forex, metals, stocks, indices and cryptocurrencies on the best conditions on the market.

https://one.exness-track.com/a/c_7hfrg0krwc

Exness is officially regulated by leading financial authorities and offers instant money withdrawals, local payment methods, 24/7 support, swap-free, low spreads, and an advanced mobile app.

The best strategy that has worked for me is a combination of support and resistance levels, moving averages, and price action.

I enter trades based on confluence – when multiple signals align, suggesting a higher probability setup.

Finally, I can’t stress this enough: practice, practice, practice.

Trading success doesn’t happen overnight.

Dedication, discipline, and constant learning are key.

I hope my story and tips are helpful to you!

Remember, hard work and perseverance will take you a long way.

Keep pushing forward, and happy trading! 💪📈🌟

😉 Feel free to DM me if you have any questions.

Important trading skills for a successful trader

Trading is not a simple thing, anyone who has ever tried to be regularly profitable in Forex or Crypto must know that.

Even if it might not be obvious at first glance, a trader must have several important skills that are crucial for long-term success.

I will try to describe the most important ones.

Discipline

You cannot be successful without a disciplined approach.
Discipline is important not only in trading, but also in other activities, in any job, or sports as long as you want to be successful.

If a trader is not able to follow his rules and be disciplined enough, he will probably not be successful in the long run.

You can have a sophisticated strategy, a mastered technical analysis, and a good trading plan, but if you can’t follow them in real trading, then all the initial effort becomes quite useless.

In short, a disciplined trader has a much better chance of achieving long-term returns than a trader without discipline.

Control of emotions

Taming the influence of emotions in trading is one of the biggest challenges to overcome for any trader.

The reason why the majority of Beginners in Crypto Currencies trading and Forex Trading Markets fail to make it is that they frequently let their emotions take over their decisions.

Everyone has experience with it, at the end of the day, we’re all just humans.

In any case, emotions, whether it is fear of loss or euphoria at a profitable trade, often lead to mistakes that sooner or later end up in account resetting.

Letting go of emotions is a trading skill that every trader should strive to learn.

Consistency

There is no doubt that consistency is another important trading skill that every trader must master.
That’s why we’ve covered this topic several times

While large swings in performance are not a problem for many traders, especially when they are able to make high profits, quick gains are no guarantee of long-term success.

A consistent trader may not make big profits immediately, but in the long run, it is certainly better to make average returns on a regular basis.

Trading plan

A good plan is the basis for success in many activities, not just trading.
It is true that sometimes traders succeed without planning their actions, but this is rather an exception.

Before a trader starts trading seriously, he should know what he is getting into, identify his goals, find out what approach suits him, be able to identify his strengths and weaknesses and learn from them, and master the basics of technical analysis and risk management.

Without a proper trading plan, a trader may find out many things when it is too late, or it may cost much more time to achieve long-term success.

Patience

Forex trading is often seen as an easy way to make a good deal of money very quickly and easily.

However, this assumption is far from reality.
We are always trying to explain to our traders that trading Forex and Crypto are not a sprint, but a long-distance run, and therefore patience is one of the most important trading skills for successful traders.
The sooner a trader realizes this, the easier it will be to avoid the big disappointment of not getting the results he had imagined from the beginning.

Hard work

No work, no cake.
That’s what our parents taught us from a young age, and it’s still true today.
Someone may get lucky and inherit or win money in the lottery, but we can’t count on that.

Without dedicating your time to trading Forex and Crypto Currencies (of course, it depends on the options, strategy, etc.), you cannot expect to become a successful trader making regular profits.

If you want knowledge you have to learn, if you want to be successful in your job (or any other activity) you have to work hard.

So why shouldn’t this apply to Forex trading as well?

YOU NEED:

✓ 3-5 Years to get a Degree

✓ 4-7 Years to work experience in a 9-5 job

✓ 8 years of practice and performance to
become a successful DJ.

✓ 10 years of traning to becoming a
professional athlet.

But you Give up in less than 2 years if you don’t become a Millionaire in Forex Trading 🚩🚩🚩

Why?

Risk Management

One of the most important trading skills of them all.

A trader who does not understand the importance of risk management and fails to set rules that he or she will then follow cannot succeed in forex and crypto.

Making trades that are not predetermined in size and may or may not work out and not considering at whether the gains are greater than the losses can never work in the long run.

Without clear risk management rules, you would not be able to pass the Evaluation Process.

Rules regarding maximum losses are a motivation for traders to trade seriously.

Robust strategy

The term robust strategy may sound very sophisticated, but that doesn’t mean that a college degree is required to develop a trading strategy.
Most experienced traders will tell you that a strategy doesn’t have to be complicated.

A trader shouldn’t complicate his or her life when creating one with a multitude of rules that can ultimately backfire.

The bottom line is that the strategy should suit the trader himself and his trading style.
This is why it is also important that the trader takes real care when setting up a strategy and does not try to copy strategies from other traders.

Backtesting

Another important success factor related to trading strategy is backtesting.

Try able to rely on his strategy, being mentally at ease, and not prone to making reckless trades and unnecessary mistakes.

Trading Journal

Keeping a trading journal is one of the most underrated activities of a trader.
It may seem at first glance that a trading journal is all about statistics, but this is not true.
A good trading journal should also include the trader’s thought processes that go through his mind when opening and closing trades.

These emotions can then help you better understand the mistakes you make when executing trades and subsequently help you get rid of them.

Motivation and determination

Perhaps for every forex trader, the primary motivation is the money earned.

This in itself is not a bad thing, but a series of losses can often lead to a trader losing motivation and, in the worst case, giving up trading for good.

Thus, money should not be your main motivation, but rather a tool to help you achieve your main goals in life.

The main motivation in trading should be what trading brings to you, what it has taught you, or how it changed your life for the better.

Something different may be important for every trader, but in general, the trading skills described today should be part of the basic equipment of every successful trader.

They can work independently, but ideally, a successful trader can master them all.

Do you belong to this group of traders?

Bitcoin is a decentralized Internet digital currency with secure storage, easy to use and free circulation around the world. Bitcoin is not only your inviolable private property, but also the digital gold to maintain and increase the value of your assets.

https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

For those of you who want to get into funded Accounts, this maybe something to look into after you have mastered becoming a beginner in Crypto Currencies and Forex Trading Markets.

As you must have experience and a verifiable track record, before you can be considered.