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.
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