In a recent interview as part of the Alpha Capital Group Trader Interview Series, Bal, a 19-year-old trader from the United Kingdom, shared insights into his journey and strategies that have led to impressive achievements in the forex market.
A Rapid Ascent in Trading: From Start to Funding in Two Years
Bal, who has been trading for just under two years, began his journey after being inspired by a friend who shared cryptocurrency screenshots on social media. After delving into Forex trading and undergoing mentorships and courses, Bal faced challenges, experiencing both phase one and phase two setbacks. However, a turning point came in July of this year when he passed a significant milestone, achieving a 25% gain on a 100K account.
A Motivational Turnaround
A humorous moment involving a new car and a trading achievement became a catalyst for Bal’s friend and mentor to intensify efforts. Bal and his friend collaborated, backtesting a model that proved to be successful. This collaboration marked the beginning of a series of achievements, leading to consistent profits and funded accounts.
Mechanical Model and Consistent Profits
Belal attributes his success to a mechanical trading model that adheres to a strict checklist and risk management plan. The model aims for a risk-reward ratio of 1:4, with a focus on consistency rather than high-frequency trading. Belal emphasized the importance of maintaining discipline and following the rules to preserve long-term profitability.
Psychology and Discipline: Keys to Success
Reflecting on the psychological aspect of trading, Belal emphasized the need for good discipline and strong psychology. He acknowledged the role of his mentor in keeping him focused during challenging times, highlighting the importance of trading like a robot—following the rules consistently.
Strategic Approach to Account Growth
Belal detailed his approach to scaling accounts, emphasizing a cautious strategy that involves lowering risk as account sizes increase. He shared his goal of reaching seven figures in funding next year, demonstrating an ambitious yet disciplined approach to account growth.
Belal’s Advice for Aspiring Traders
For those entering the trading world, Belal advises getting a job to avoid relying solely on trading income. He emphasizes finding a mentor, backtesting a model with historical data, and maintaining a disciplined approach to trading. Bal also encourages traders to treat trading like a business, operating in a controlled environment to enhance focus and decision-making.
Acknowledgment of Alpha Capital Group’s Support
Belal expressed his appreciation for Alpha Capital Group’s customer service, highlighting their responsiveness and efficiency in resolving issues promptly.
As Belal continues on his journey, his story serves as an inspiration for aspiring traders, emphasizing the importance of discipline, psychological resilience, and a strategic approach to achieve success in the challenging world of forex trading.
About Alpha Capital Group
Alpha Capital Group is more than just a prop shop; we’re a community of skilled traders, united by a shared drive for success and a commitment to each other’s growth.
Here’s what sets us apart:
- Trader-centric approach: Founded by traders, we understand the challenges and rewards of the game. We offer competitive profit splits (up to 80%), zero commissions, and flexible funding programs to empower your trading journey.
- Rigorous evaluation: Hone your skills with our multi-phase evaluation program, designed to identify and reward exceptional talent. No prior experience with prop trading? No problem! We provide comprehensive training and support to help you reach your full potential.
- Cutting-edge tools and technology: Trade with confidence on our proprietary platform, ACG Markets, built by traders for traders. Enjoy institutional-grade trading conditions, prime-of-prime liquidity, and advanced charting tools to make informed decisions.
- Collaborative environment: Learn and grow from a diverse network of experienced traders. Share insights, strategies, and support in our vibrant community, fostering a culture of continuous learning and improvement.
Boost your trading success! Visit our website for comprehensive reviews of forex proprietary trading firms, including inspiring stories like Belal’s journey to success.
