Gil Ben Hur Blog | How I Got Funded With The5ers! – The5ers Review | Talkmarkets
Founder and Owner of The5%ers Funding Traders Program
Contributor's Links: The5%ers Funding Traders Program

I am a full time FX trader and entrepreneur and the founder of  The 5%ers Proprietary Trading fund, where we fund the top traders with no risk live accounts.

The 5%ers is a private proprietary trading firm, active in the global currency markets. We proudly distinguish ourselves ... more

How I Got Funded With The5ers! – The5ers Review

Date: Friday, September 4, 2020 7:15 AM EST

The full interview with Alexander

Click the video, Alexander goes over The5%ers' funding program and his personal evaluation process

 

How were you introduced to the Forex market?
I was first introduced to the world of day trading by a colleague of mine at university. From his book recommendation, I went on with my own research and developed my skills and knowledge within the forex world through time.

 

  • Do you have a specific trading plan?
    Two hours prior to the London session open, I build a fundamental bias based on market sentiment. I will take a look at major futures indices in order to determine if the mood is risk-on or risk-off. I then mark up my chart by identifying key areas of interest on intra-day timeframes and wait for significant price action in those areas before taking any trading decisions. The goal is to catch the London move and manage my trade throughout the North American session. If there is no entry opportunity during the London session, I will look into opportunities during the North American session. Finally, I only trade GBPJPY & GBPCAD and take no more than 3-6 trades per week.

 

  • Tell us about your trading routine.
    My trading routine involves daily exercise whether it’s 10 minutes or 60 minutes. It switches my body into an “ON” mode. Since I trade the London session in North American Time Zone (EST), I wake up in the evening time and kick start my day/night with my exercise routine. This helps me to stay woke and alert during my overnight hours of trading.

 

  • Do you have any risk management techniques? If so, please, elaborate?
    I tend to use a consistent position sizing, for example, 1% per trade or 0.5% for riskier trades. I go risk-free around 1:1 RR and take partial profits along the way to full take profit area.

 

  • What was your biggest challenge in trading, and how did you overcome it?
    My biggest challenge was my mindset. Once I understood that trading is like running a business and that you need to have a long term approach to it, I quickly overcame this weakness. I also understood how scalable this business can be and that focusing on return on investment rather than dollar figures made all the difference in my forex journey.
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