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  • How a Funded Trader Makes Over $100K

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    How a Funded Trader Makes Over $100K

    “Risk management and consistency are lacking, I think that’s the biggest problem that most people have”. -Artur Zmiyov

    This week we take a look at Artur Zmiyov; one of our Funded Traders who has received the largest payout to date! He shares not only his trading journey; but principles on risk management, consistency, and keeping a simple strategy.

    “Keep it super simple”. -Artur Zmiyov

     

    Interview with Arthur Zmiyov

    How did you hear about Forex and how did you get involved?

    I first saw it on Instagram and was just kind of mystified that there were these guys looking at charts and making all this money. As I heard more about it, I decided this was for me and this is what I want to do. My first step was reading on BabyPips and watching YouTube videos.

    How long have you been trading?

    I was trading on and off for about four years between a full time job and a family; it was only this year where I decided to really sit down and figure out how to become consistent.

    How were you able to find consistency in your trading?

    I saw so many people with these small accounts who would win a little bit, then start risking more and they blow the account. I didn’t want to be like that, so I started trading my own account with like $500 until I saw some consistency.

    How did you get into prop firms and what has been your experience so far?

    After a few months of seeing consistency I decided to try out a prop firm and was able to make it through both evaluations and get my first payout. Unfortunately, due to a few bad trades and poor risk management I lost the account due to max drawdown.

    Do you use any Fundamentals or EA’s?

    Yes. As far as Fundamentals, I do pay attention to the news. The News is actually how I was able to secure a $95k trade on NAS100 because of the FOMC meeting. As for EA’s, I do not use them.

    Trading Goal Meter

     

    What are you trading and during what sessions are you trading?

    For the most part I am trading from the London open to the New York close. The trades that made me the most money were with NAS100, but I also like to trade GBPJPY.

    What is your day like with trading?

    I actually have 2 small kids, so when the baby wakes up at like 2am, it’s perfect because now I am up and ready for the London Session. I’ve got MT4 and TradingView on my phone; so I just set my alerts and when there is a trade idea, the notification goes off, I evaluate, and enter a position all from my phone.

    How did you get confident with your strategy?

    Honestly, I am not that confident with it, the market is gonna do what it wants to do, but that is where risk management comes in. I recommend going back 1-2 years and backtesting to see if your strategy is profitable.

    What is your set of rules when it comes to trading?

    I keep my maximum exposure at 3% while risking no more than 1-2% per trade, with most trades being at 1%. I calculate my lot sizes with the Nash Markets lot size calculator. Other than that, I am trading with the trend using support and resistance; break and retest, then take a position.

    What is one tip you would give to someone just starting out in Forex?

    Take it slow, don’t rush into it. Make a demo account, study, and practice until you find some consistency.

    What would you say to someone who is struggling to get a funded account or even someone who got an account and then lost it?

    I would tell them that I’ve been there and I’ve done that. Don’t give up, don’t over trade, manage your risk, all you need is one good $95k day.

    Editorial Note: Some responses have been altered to fix grammatical errors.

    For more information about the Funded Trader, CLICK HERE

     

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    Funded Account Disclaimer

    Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Funded Account Disclaimer

    1The Funded Trader funded accounts are not live trading accounts, they are fully simulated accounts utilizing real market quotes from liquidity providers.

    The Traders featured are representative only and includes selected traders who allow their names to be publicly disclosed. Trader performance quoted represents past performance in a simulated environment and does not guarantee current or future performance. Further, financial instrument trading involves substantial risk of loss and is not suitable for every investor, trading activities referenced by or undertaken utilizing The Funded Trader may not be suitable for all persons.

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