{"id":642902,"date":"2024-10-11T15:00:51","date_gmt":"2024-10-11T13:00:51","guid":{"rendered":"https:\/\/ftmo.com\/?p=642902"},"modified":"2024-10-11T15:05:45","modified_gmt":"2024-10-11T13:05:45","slug":"top-ftmo-trader-maik-trading-must-be-boring","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/top-ftmo-trader-maik-trading-must-be-boring\/","title":{"rendered":"Top FTMO Trader Maik: “Trading must be boring”"},"content":{"rendered":"

We have another part of our series on successful FTMO Traders who have made impressive profits or were able to achieve consistent results.<\/em><\/p>\n

Trader Maik manages two $200,000 FTMO Accounts and has already earned more than $100,000 in total in Rewards. He started trading about six years ago, and like many traders before him, he was part of a Telegram group where signals and the like were discussed. Although it was probably a scam, he saw a lot of potential in trading.<\/p>\n

He hasn’t spent much time on the demo account, he thinks it’s a good way to try out the platform, but it’s good to trade with real money as soon as possible. The basis of success in trading is psychology and one simply does not experience the same emotions in a demo account as in a real money account.<\/p>\n

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Unlike most traders, he didn’t lose all his money at the beginning of his trading career, but he did lose money, of course. The biggest problem for him was the psychological side, which is why he made just about every mistake he could have made in that regard. It took him two years to solve this problem and he was able to close trades that did not work out in his favour.<\/p>\n

Today, he has developed a trading plan and risk management rules and sees trading more as a routine. As he says, “trading must be boring”. So today, he uses the same strategy every time, has the same mindset, looks for the same market signals, uses the same rules and never risks more than his rules dictate.<\/p>\n

Today he trades with both FTMO and a normal broker because it provides him with more opportunities. Getting used to the large volumes he trades today was a bit more difficult, but after a few weeks he got used to it. The bottom line is that he always calculates profit or loss as a percentage and doesn’t look at the volume of money.<\/p>\n

Technicals and Fundamentals<\/h2>\n

He uses both technicals and fundamentals when trading. By watching the news and the calendar, he is able to stay in trades much longer and make much more money. He makes one or two trades in a day and holds positions for hours, and he can ride longer trends thanks to the fundamentals that he believes move the market the most. He then uses technical analysis and price action to time his entries and exits.<\/p>\n