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 video interview with Marvin, 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.
Marvin, a graduate research assistant from Tema, Ghana, has been trading with True Forex Funds for the past 7 months. Despite starting his trading journey at the beginning of 2022 with self-taught lessons from YouTube videos, he initially faced challenges and lost a significant amount of money. However, determined to gain a deeper understanding of trading, he sought out a trading mentor and invested in online courses.
It helped me a lot, because when you have a mentor, someone to learn from, it helps to avoid all the unnecessary mistakes.
His mentor taught him that even if you don’t have huge capital, purchasing the smallest account still earns you profit if you are a good trader. This is what motivated Marvin and was his main objective in trading.
After losing several $50K accounts in phase 1, instead of giving up, Marvin tried again, changing his strategy to use an even bigger account. He would go back to the basics and practise with demo accounts until he felt confident enough that he could pass his next try with a $200K account.
When I passed, that was a milestone for me. I thought this account was huge; if I make just 1% of it, that’s $2,000, and $2,000 is quite an amount of money.
Recently, Marvin achieved three funded payouts from True Forex Funds, showcasing his progress and dedication to his trading journey.
I was really glad, and I made my first payout, which was somewhere around $6,000. I got $8,000 because of the size of my account. Three weeks later, another payout of $8,000. Then, three weeks later, I made another $10,000.
In addition to his passion for trading, Marvin also has a hobby in music. He is currently pursuing a master’s degree in urban and regional planning alongside his trading pursuits.
The first thing you have to understand about trading is that you will lose money. Every day can’t be a good day. It helps to have this in the back of your mind. If I lose, I will just go like, Oh, it’s a part of trading. You have to think of something you can lose that can’t affect you.
We hope you’ve enjoyed this sneak peek into our interview with Marvin, one of the top traders at True Forex Funds. To learn even more, watch the full video interview, which is packed with wisdom and practical advice from a seasoned trading professional.