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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

185: How You Make $75k in 2 Weeks: Forex Trader’s Unique Approach w/ Ramon

Jul 27, 2022
44:54

Podcast summary created with Snipd AI

Quick takeaways

  • Ramon achieved extraordinary profits by leveraging prop trading firms' money and implementing a risk management strategy of risking half a percent per trade and scaling in positions as they moved in his favor.
  • Ramon's trading strategy emphasizes the importance of market structure and timeframe correlation, with a focus on identifying trend reversals or pullbacks using key markers of market structure and analyzing multiple timeframes.

Deep dives

Transitioning to Prop Trading and Making Substantial Profits

Ramon started trading about three and a half to four years ago after getting tired of his day job. He did extensive research through YouTube videos to learn about forex trading. Initially, he had a $2,500 account which he grew to $7,500. He continued to build his account and eventually had a $15,000 month. He then transitioned to leveraging prop trading firms' money and bought two 200k accounts. He made huge profits, with his first payout being $25,000 and the second payout being $50,000 within two weeks. His risk management strategy involved risking half a percent per trade and scaling in positions as they moved in his favor.

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