We recently had the pleasure of interviewing Nam Nguyen Vu, a talented trader from Vietnam who passed the Forex VIP Challenge within 10 days and trades with an account balance of €100,000. We wanted to learn more about his experience and share his insights with our readers. So, we spoke with Nam about his trading plan, insights, and lessons gained while trading in the markets and our platform as The Trading Pit trader.
1. Tell us a little more about you.
My name is Nam Nguyen Vu, and I am a 40-year-old trader from Vietnam passionate about the FX market and fund management. I take great pride in my work within the trading industry and thoroughly enjoy pursuing my interests.
2. How long have you been trading?
I have been actively involved in trading for a total of 15 years.
3. What inspires you to pursue trading?
The opportunity to meet and learn from exceptional fund managers and be a part of the global fund management community are both sources of inspiration for my pursuit of trading.
4. Do you have a trading plan in place and follow it strictly? Briefly describe your Trading Plan
I believe in the importance of having a well-defined trading plan and adhering to it diligently. I recognise that following my trading plan strictly is crucial to achieving my trading objectives.
5. What was your strategy to successfully pass The Trading Pit Challenge?
My strategy to pass The Trading Pit Challenge was to seek opportunities to learn and absorb new knowledge. Therefore, I approached the challenge with a mindset of modesty and a willingness to listen to and learn from the guidance and training provided by The Trading Pit. By staying open to new ideas and being receptive to feedback, I was able to refine my trading skills and strategies, ultimately leading to a successful outcome in the challenge.
6. How would you rate your experience with The Trading Pit?
My experience with The Trading Pit is 9 out of 10.
7. Why you chose The Trading Pit and not another prop firm?
I chose The Trading Pit over other prop firms because I received comprehensive training from their team in Vietnam. This training was instrumental in equipping me with the necessary skills and knowledge to succeed as a trader. In addition, they are clear and transparent with their rules and plans, and everything is clear without hidden or undisclosed conditions.
8. What would you like to say to other traders attempting The Trading Pit Challenge?
To other traders attempting The Trading Pit Challenge, I encourage them to join our community at The Trading Pit. The challenge is an opportunity to showcase your trading skills and secure a career in trading. With the support and guidance of The Trading Pit community, the future of your trading career could be in your hands.
9. Describe your best trade.
My best trade was following a solid trend and executing it precisely according to my plan. I could capitalise on the trend and secure a profitable outcome by staying disciplined and patient.
10. How does your risk management plan look like?
My risk management plan involves step-by-step accumulation of profits while working towards achieving The Trading Pit's targets. By taking a cautious and disciplined approach to risk management, I aim to mitigate potential losses and maximise overall profitability in my trades.
11. What would you recommend to someone just starting with us?
I recommend joining the VIP Forex Challenge for someone starting with The Trading Pit. This challenge offers a valuable opportunity to gain experience and improve trading skills while competing with other traders in a supportive and collaborative environment.
12. Share online resources that were/are significant in your trading development. Names and links are appreciated.
Trader Viet forum, traderviet.net, and f319.vn were significant online resources in my trading development. These forums offer a wealth of information and insights from experienced traders and a community of like-minded individuals who can provide support and guidance. Here are the links to each forum:
13. What made you trust The Trading Pit for your trading career?
I trusted The Trading Pit for my trading career because they have the potential to become the top prop trading company in Vietnam. In addition, the structured training program and supportive community offered by The Trading Pit and their commitment to excellence gave me confidence in their ability to help me achieve my goals as a trader.
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