In a recent interview with TFT, Marcin Kryczka, a trader hailing from Poland, shed light on his trading journey and experiences.
In a recent interview with TFT, Marcin Kryczka, a trader hailing from Poland, shed light on his trading journey and experiences.
Here are the Highlights of the article “Trader Marcin Shares Insights on Trading Journey with TFT”:
In a recent interview with TFT, Marcin Kryczka, a trader hailing from Poland, shed light on his trading journey and experiences. Kryczka’s narrative provides valuable insights into the challenges and lessons learned while navigating the world of trading.
Kryczka, who holds a full-time position as an engineer, initially entered the trading sphere in March 2021, inspired by Tesla’s announcement of accepting Bitcoin as payment. Intrigued by the potential financial gains, he embarked on a journey fueled, in part, by clickbait YouTube videos portraying crypto as the gateway to financial freedom.
His early foray into trading led him to explore exchanges and set up a crypto wallet. However, cautious about the offshore nature of certain exchanges, Kryczka opted to dip his toes into trading through his broker, venturing into the market with a focus on Tesla.
The market’s volatility, coupled with his limited knowledge, resulted in initial gains but eventually led to losses. Recognizing the need for education, Kryczka delved into extensive reading, covering diverse topics from Warren Buffett’s investment strategies to forex trading. A pivotal moment occurred when a book recommendation led him to “The Black Book of Forex Trading,” offering specific setups for swing trading, intraday trading, and scalping.
Inspired by the book’s scalping strategy involving Bollinger Bands, Kryczka opened a demo account. Despite early success, a significant event during an interest rate announcement revealed the potential risks. Witnessing a vivid 60% loss in 12 minutes on a demo account, Kryczka realized the importance of risk management and decided to further educate himself.
Moreover, over the next six months, he refined his approach, ultimately losing a modest 2-3% on his demo account. Viewing this loss as a valuable investment in his trading education, Kryczka momentarily stepped away from active trading.
Here is The Funded Trader Review.
E8 Markets has developed a user-friendly experience with essential information every trader needs, as well as the industry’s best technology to back it. The main priority that they expect from their traders is that they are disciplined individuals who prioritize managing risk while also focusing on long-term consistency.
Funding Pips believes that traders progress through three key stages in their professional journey. To evaluate trading talents and provide support in overcoming funding challenges, they have developed a two-phase evaluation followed by a funded phase, where traders will become eligible for significant capital.
Smart Prop Trader requires traders to be successful in their two-step evaluation program before being granted access to live-funded accounts and the possibility to earn profit splits. However, since they are only looking to invest in disciplined and talented traders, they have a special set of rules that should be respected at all times.
The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Funded Trading Plus is one of the fastest growing prop firm providers. This is not surprising when you see the range of programs they offer. They provide simple straightforward rules, offer up to a 90% profit split and have competitive pricing. The entry level program starts from $12,500 and you can trade up to $2,500,000.
Discover the Ideal Proprietary Trading Firm For You.
