In an interview, Rhys discussed his rapid transition from stock trading to Forex and the skills he has developed in just a few months.
In an interview, Rhys discussed his rapid transition from stock trading to Forex and the skills he has developed in just a few months.
Here are the Highlights of the article “Exclusive Interview: Rhys on His Path with City Traders Imperium”:
In an exclusive interview, Rhys discussed his rapid transition from stock trading to Forex and the skills he has developed in just a few months.
Rhys has spent the past few years honing his trading abilities on platforms like Trading 212. His recent venture into Forex has proven successful as he navigates multiple prop firm challenges, demonstrating remarkable adaptability and determination.
“Trading is a continuous learning curve,” Rhys stated during the interview. “Every failure is an opportunity to refine my techniques and strategies. I’ve learned to analyze my mistakes and come back stronger.”
One of Rhys’s key insights revolves around the importance of discipline and patience in trading. He emphasizes the need for a strategic mindset, particularly when dealing with prop firm challenges. “I’ve learned to focus on risk management. It’s not just about making profits; it’s about preserving capital and growing sustainably,” he added.
As a scalper, Rhys typically holds trades for about 30 minutes, utilizing the M1 and M5 timeframes alongside moving averages and trend lines. His dedication to trading, even while working night shifts at a supermarket, reflects his commitment to achieving a full-time trading income. “I aim to get funded for over 50k by the end of this year,” he shared, indicating his ambitious goals.
Rhys believes the future of trading is bright, particularly with the rise of prop firms like CTI, which offer flexible trading conditions without restrictive rules. He commented, “The growth of prop firms opens doors for new traders, making it easier to enter the market and succeed.”
With aspirations to delve into options trading next year, Rhys is excited about the possibilities that lie ahead. “If you know what you’re doing, options can provide great returns while being safer in some cases,” he explained.
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