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Shortcut to Becoming a 6 Figure Funded Trader

Shortcut to Becoming a 6 Figure

Funded Trader
Alex Alexander Hannoun Follow
10 4 0
ander Proprietary Currency Trader
Hanno
Original
un Article Found Here
I would like to start off by sharing a little about myself. I’m a high distinction Finance graduate
from the University of Ottawa. Upon graduating I jumped straight into the world of trading. My
background stems from a middle-class family who immigrated to Canada as young adults. I
never grew up with any privilege, started working at the age of 14 which allowed me to fund my
studies and travels to over 10 countries. Fast forward 3 years, I’m now a proprietary currency
trader with multiple firms as well as a money manager at Hannoun Capital - an alternative
investment fund that I founded about 1 year ago. Most recently, I’ve launched my Ultimate Day
Trading Program to help retail traders view the financial markets with an institutional edge and
ultimately build a successful trading business.
Here's an article about me on The5%ers website in regards to how I got funded!
Now that we got this out of the way, let me tell you about what really got you reading this
article… Your shortcut to becoming a 6-figure funded trader. Find below a step-by-step guide:
Step 1
Learn the basics of the foreign exchange market such as the macro and micro drivers of
currencies, and most importantly the art of technical analysis.
A common path is through the FREE School of Pipsology created by BabyPips, however the
content covers an abundance of unnecessary information that is not required to build a
sustainable trading system. Don’t get me wrong, the latter is a great source to get started,
however the written format and length of the content may not be best suited for everyone.
Shortcut: The FREE section of the Ultimate Day Trading Program that I’ve created
within Maroun4x Trading Academy’s eSchool is the better alternative.
Why?
The FREE section is called a prerequisite for a reason. It is everything you need to know to get
started in trading the foreign exchange market. The added value provided is within the fact that
the content filters out the unnecessary for the learners to go straight into what really matters to
build a successful trading business. Additionally, the content is delivered in an audio-visual
format to facilitate the learning experience. Join now Sign in

Step 2
From there, learners will be able to build a trading system through trial and error. This process is
formerly known as backtesting and/or livetesting. This is where you’re gathering roughly about
3-6 months’ worth of data to infer whether the trading system is viable or not. The reason behind
this process is so that learners don’t tackle the foreign exchange market with a blindfold on. You
can imagine how disastrous that sounds.
This process can be extremely lengthy regarding the basics of the foreign exchange market. It
can be challenging to figure out what system works best when you are beginning. I was
personally in this process for nearly 2 years…
NOW! How do we shorten the learning curve of this process?
Shortcut: Seek mentorship through an individual that has found an edge in the foreign exchange
market. DO NOT be fooled by someone’s perceived wealth through social media. Unfortunately,
this has been going on for too long in the space of day trading. Marketers frequently try to “lure”
in rookie traders by showing off a lavish lifestyle. In reality, these individuals use fraudulent
marketing tactics to mislead their following. You will soon realise that these fraudulent
individuals only teach content that is readily available on the internet. Examples of this are
platforms such as The FREE School of Pipsology and FREE Prerequisite section of The Ultimate
Day Trading Program.
Why should you seek mentorship?
Oliver Wendell Holmes once said, “Learn from the mistakes of others … You can’t live long
enough to make them all yourself!” I think this is the essence of why you want to read and learn
from the successes (and mistakes) of others.
The Ultimate Day Trading Program provides learners to view the financial markets with an
institutional edge to ultimately shorten the learning curve and help build a successful trading
business.
Step 3
Given that the learner is now assimilating a viable trading system, the next step is to apply these
concepts into reality. This is what I like to refer as “getting skin in the game”. Rookie traders will
only be better than the trader they were the day before by journaling. Journaling allows you to
build a set of data in which you can refer to in the future to figure out what has been working
best for you. Just like in any other industry, firms’ management will go back into their marketing
campaign statistics to figure out what has a better conversion rate to funnel their future efforts
into what yields a better result.
Shortcut: Use a Forex Trading Simulator which allows you to simulate weeks’ worth of data
within a few hours. Personally, I must attribute a lot of my success to this tool which I found
myself spending many weekends trading in simulation. This tool allowed me to significantly
shorten my learning curve as you can imagine how much data I would have gathered within a
short amount of time. Buy the Forex Simulator here!
Step 4
Join now
Unfortunately, the last step here cannot be shortened in any way. You must condition your Sign in
trading psychology and mindset through EXPERIENCE in live market conditions. There is no
book or psychologist that will shorten this learning curve other than YOU, YOURSELF, learning
firsthand from the financial market. It is essential to not only reflect on winning trades, but most
importantly focus on the losing ones. This is where you will find the most room for improvement
and become a better trader from one week to the next.
Step 5
Only after you have found consistency within your trading journey, that you may apply to a
proprietary trading firm. You may, or may not have noticed, however the reputation of prop firms
has become increasingly popular in the space of retail trading. There is reason for their
popularity as they provide something most retail traders lack – FUNDS. There are many firms out
there, however the ones I am involved myself with and believe offer the best models
are FTMO and The5%ers. Depending on your trading approach, one may be more suitable than
the other. The access requirements of these programs include: a small initiation fee, upon
completion of the evolution process, only then will firm allocate funds to your name. Finally, this
allows you to partially participate in the upside with no downside liability. The profit split will vary
from one firm to another, however in any case you have no liability except for your initial
participation fee.
This is it folks! Above are 5 steps that will shorten your learning curve and to become a 6-figure
funded trader!
Find this content helpful? Support our efforts by buying us a coffee! Buy us a coffee here!

Published By
Alex Alexander Hannoun Follow
Proprietary Currency Trader
ander
Hanno
Here's your guided shortcut to becoming a 6 figure funded trader ! #tradingtips #daytrading #blogpost
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