Welcome to the next installment of our Trading Success interview series, where we explore the insights and experiences of some of the top traders at True Forex Funds.
In this blog post, we’ll be sharing highlights from our recent interview with Chandana, a highly successful trader who has graciously shared his strategies, philosophy, and tips for trading excellence. Get ready to gain valuable knowledge as we dive into his unique approach.
In this exclusive trader interview series, we sit down with Chandana, a skilled trader from the beautiful island of Sri Lanka, who managed to earn an impressive $144,000 in just one year through True Forex Funds. He’s about to unveil his secret strategy that led to his remarkable success.
In this enlightening interview, our trader shares his journey, his trading wisdom, and some valuable insights that can help aspiring traders on their path to consistency.
Trading for Two Decades
Chandana began his trading journey back in 2003, while working as an engineer in the telecommunications and computer networking field. Frustrated with the traditional nine-to-five grind, he sought financial independence and the freedom to pursue his interests. This marked the beginning of his trading adventure, which evolved over two decades.
The Power of Simplicity
His secret to success lies in a surprisingly simple yet effective strategy. He capitalizes on the shift in strength between European and US currencies during the overlap of the New York and London trading sessions.
- When the EUR weakens during the London session, he sells EUR/ USD.
- When the USD strengthens in the New York Session, he buys EUR/ USD.
A trader’s mindset plays a crucial role in achieving consistent profits.
A valuable advice for traders is to focus on making as few decisions as possible, carefully plan their trades, and think long-term. This way, they can reduce the number of impulsive decisions and increase their chances of success!
The Journaling Advantage
Maintaining a trading journal is a fundamental practice for Chandana. It helps him review past trades, identify patterns, and refine his strategies. This disciplined approach contributes to his remarkable consistency in trading.
Balanced Capital Management
He recommends that traders allocate their profits thoughtfully. Invest half back into your trading account for growth, save a quarter for future needs, and enjoy the remaining quarter.
It’s a balanced way to ensure sustainable growth while enjoying the fruits of your labor.
Chandana’s journey from a frustrated engineer to a consistently profitable trader is inspiring. His simple yet effective trading strategy, combined with a disciplined approach, exemplifies the qualities that can lead any trader to success. His advice serves as a valuable guide for aspiring traders on their quest for financial independence in the world of forex trading.
We hope you’ve enjoyed this sneak peek into our interview with Chandana, one of the top traders at True Forex Funds.
Don’t miss out – watch the full interview now!