We spoke to one of our top traders, Melpen, to get some insight into their trading strategy and experience of trading with BluFX.
Want to join talented traders like Melpen and try BluFX for yourself? Here's 5 Reasons to Join BluFX...
BluFX Trader Q&A: Melpen
Is BluFX your main source of income or do you have a job like most people?
No, I had my day and night job. The usual 9-5 day job and a part time job at night. But my goal now is to become a full-time trader in six months.
Did you think the BluFX opportunity was too good to be true? And if so, what made you take that next step?
Not really. But honestly, BluFX is the first prop company I joined; it came at the right time in my search for companies who could fund my trades. I'm just so happy and grateful for the opportunity that BluFX has given me - now I have the chance to become the professional FX trader that I always wanted to be.
What package did you subscribe to and why?
I just subscribed to the Lite package to test the waters as I had some doubts at first. But after a month I was amazed by its practice and payouts, so I decided to move on to the next level and upgraded my account to the Pro package. It's more open and I can hold positions longer.
How did you trade before BluFX?
I traded on a small scale using my own funds before BluFX.
How do you trade now?
The BluFX leverage has given me the opportunity to focus and be more disciplined in my trades.
What’s been your biggest lesson so far being a BluFX trader?
I’ve learned the value of patience and controlling your emotions. BluFX taught me how to gain more control. I know I still have a lot to learn and I'm open to new learning experiences!
How do you keep focused?
Observations matter for me. Keep tracking the trend and price movements of selected pairs. Planning is the key to placing your position well.
What do you look for before entering the market?
Trend and price action. When there is a noticeable trigger point at some level, then I enter the market.
Have you ever hit your drawdown limit?
I have not reached the 10% drawdown yet but at some point, I lost 5% due to some circumstances out of my control. However, I have to accept the fact that trading involves losses, and resolve to be more careful next time. Stick to the plan and win more.
What’s your main goal while trading with BluFX?
My biggest goal with BluFX is to achieve the 1 million dollar funding and be a productive Fund Manager.
How has trading impacted you as an individual? Has it changed you in any way?
Trading opened my eyes to the fact that there are other sources of income. It changed my perspective on life, and I’ve learned that opportunities are available when you keep your faith, believe in yourself and work hard to achieve your dreams.
What advice do you have for other people thinking about joining BluFX?
I highly recommend BluFX to those who want to join. BluFX is the best partner in your trading journey. Your dream to grow, learn and prosper in FX trading is achievable with BluFX.
Struggling to focus during quarantine? Here are our top tips on how to stay disciplined...