Veteran trader new to this forum

[PhoneticNachos]

Hello everyone!

Forex trader now for almost seven years, new to this forum.

I am Varkeer on forexfactory.

Had a great 2020, and helping a couple younger people at my work to learn about forex with a smaller funded account that I am showing them how I trade.

Been a good couple weeks, deposited $2,500 and have made a nice little $899 profit (36%) since then at a 91% win rate since March 19th.

Here is a little bit of my background in forex:

This is now over six years ago.

I met a guy at my work at the time (when I sold phones business to business for T-Mobile) who was trading on his phone in between things during the day/night and making money and paying for stuff.

I was intrigued and started watching him during a business trip up in Savannah. I sat in our hotel room for a few hours while he made over $1k.

Then he took us all to a nice dinner.

He started telling me about his background and drug habit he used to fund from trading, because he didn’t want to steal from anybody.

He got clean, but kept trading.

He started to talk me through his trades, I had downloaded the oanda app and started practice trading and looking for setups. I was making money.

A day of positive trades later, I threw in $100 in a real account.

By that evening it was up to $170. I added another $100, then made another $50. Added $250, made $100.

Then I added $250, lost $35, then made $75, then $50, and on and on.

After a couple of weeks I was up a couple thousand dollars.

I put in $2k and then I hit a massive trend run with the eurusd long, and for 19 trades in a row was getting $500+ a trades, I ended up with a profit of $12k, pulled out the bulk of my account balance now up to $19k.

Ever since then, off and on as work allows, I trade $500-2k a month for at least a $500 profit. I have had bad trades, and lost money on some months, but I am still up quite a bit.

I like to set different accounts up and trade different ways.

I spent one year trading with $500 a month and my goal was to make at least $100 a week.
I averaged out over the year at $77 profit which is about a $2,500 profit from only a $500 starting balance each month.

Stay a perpetual student. There’s always more to learn.

[enickma]

Welcome to the community! Glad to have you aboard. Tell us more about the sort of trading strategies and set-ups you use!

[PhoneticNachos]

I tend to be a contrarian intraday price action swing trader.

But I look for high probability trades from the pairs I study every week, so I will always go for the most likely candidate.

Holding period is usually 6h-18h, I tend to do maybe 3 trades every day and a half.

I learned from an guy I met in all places at a coffee shop who was a prop trader managing partner when I recognized what he was doing on his laptop.

He was an old school trader from the 80s-00s before he died unexpectedly of a heart attack.

I have some approaches that I don’t see many other people talk about/observe, but it could just be how I see things.

For examples the way I look/visualize trades and setups, I tend to see them as waves of prices/trades and can easily follow the crests and troughs of the wavelength of the price.

I love to talk about forex!

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Cheers!