Mohamed A.: Success Story with The5ers

Here is what you will read in the article “Mohamed A.: Success Story with The5ers.”

• Mohamed A., a 60-year-old trader from Sweden, achieved notable success with The5ers, withdrawing $4,300 from his $100K account.
• Despite early struggles, Mohamed refined his strategy to trade small, avoid risks over 2%, and focus on consistent improvements.
• His advice for new traders includes taking things slowly, leveraging funding opportunities, and valuing community support.

Mohamed A., a seasoned trader from Sweden and a $100K High-Stakes funded trader with The5ers, exemplifies dedication and resilience. With a recent withdrawal of $4,300 from his funded account, Mohamed’s next objective is to scale his account to $125K by achieving a 10% return.

At 60, Mohamed brings over 15 years of trading experience, having transitioned from investing in Swedish stocks and options to forex trading about four years ago. Despite being relatively new to forex, Mohamed’s journey is a testament to his continuous learning and adaptation. He describes himself as a scalper, focusing on trading around the London and New York market opens.

When discussing his trading plan, Mohamed admits that he is still refining his strategy. He operates without a formal plan, relying on trading small and avoiding risks over 2%. He emphasizes the importance of developing a solid plan that aligns with his trading style, strategy, and psychological comfort.

Mohamed A.: Success Story with The5ers

Mohamed’s trading journey was not without challenges. Initially, he struggled with significant losses due to inadequate risk-reward management and frequent adjustments to stop-loss levels. He reduced his lot sizes to address these issues and focused on not overtrading. This approach has been pivotal in his progression towards consistency and confidence in trading.

A key turning point for Mohamed was discovering funding companies like The5ers. He found that trading with such platforms provided greater opportunities and support, particularly through their scaling programs. His advice for newcomers to The5ers is to take things slow and not feel pressured by time constraints.

When reflecting on his mental and psychological strengths, Mohamed credits his patience as a cornerstone of his success. His ability to take breaks after significant losses helps him avoid revenge trading. His strategy to pass The5ers’ evaluation was straightforward: avoid setting time targets, trade small, and maintain a risk level below 1%.

Mohamed also values the Discord community at The5ers, appreciating the support and shared insights. As he continues to build his trading career, his story is an inspiring example of perseverance and strategic growth.

Explore trusted prop trading firms through Insightful Reviews on our website. Dive in now!