We recently had the pleasure of interviewing Ahmad Abdalla, a successful trader from Egypt who has actively participated in the Forex VIP Challenge. Ahmad achieved remarkable success, earning a payout of €6,173.57 in profit. In this blog post, we will share Ahmad's thoughts and experiences throughout his trading journey, highlighting his strategies and insights that have helped him succeed in the competitive trading world.
1. Tell us a little bit about you.
My name is Ahmed Abdalla. I'm an Egyptian engineer and am currently 36 years old.
2. How long have you been trading?
I have been actively trading for seven years, gaining valuable experience and knowledge in the field. Throughout my trading journey, I have learned various strategies and techniques that have helped me succeed in this dynamic and exciting industry.
3. What inspires you to pursue trading?
My interest in politics and its impact on the global economy initially led me to explore the trading world. As I gained more knowledge and experience, I became passionate about the markets and their opportunities. This has motivated me to pursue trading as a career.
4. Do you have a trading plan in place and follow it strictly? Briefly describe your Trading Plan
Yes, I have a well-defined trading plan, and I adhere to it strictly. A clear plan is essential in every aspect of life, especially trading. With a daily focus on achieving a small profit, I aim to maintain a high-profit ratio over the year. This approach has proven successful, and I will continue to follow my plan diligently.
5. What was your strategy to successfully pass The Trading Pit Challenge?
My strategy for successfully passing The Trading Pit Challenge was to open various trades on different CFDs, with a daily profit ratio as the target.
6. How would you rate your experience with The Trading Pit?
Overall, my experience with The Trading Pit has been positive. The trading program encourages traders to stay active in the markets every day for a short time to achieve their targets while allowing for time to relax and enjoy the benefits of their hard work.
7. Why you chose The Trading Pit and not another prop firm?
I chose The Trading Pit over other prop firms for several reasons. Firstly, the expansion plan offered by The Trading Pit is impressive and provides an excellent opportunity for traders to grow and achieve their goals. Additionally, the customer service provided by The Trading Pit has been extremely helpful in addressing any questions or concerns that I have had throughout my time with the program.
8. What would you like to say to other traders attempting The Trading Pit Challenge?
To other traders attempting The Trading Pit Challenge, I advise having a clear plan and sticking to it without any emotional decision-making. By remaining disciplined and consistent in your approach, you can increase your chances of success and achieve your trading goals.
9. Describe your best trade.
My best trade was buying gold from the most supported area, which proved to be a good and successful entry point.
10. What is the number one advice you would give to a new trader?
The number one piece of advice I would give a new trader is to learn the basics of trading from reliable sources and choose a reputable mentor or role model.
11. How does your risk management plan look like?
My risk management plan involves limiting the number of trades I open daily to avoid any significant risk.
12. What would you recommend to someone just starting with us?
To someone who is just starting with The Trading Pit, I recommend following the plan and starting with a clear vision of their targets. It is essential to enjoy the process and not let emotions take over, as this can negatively impact trading results. With discipline, dedication, and a clear plan, traders can succeed in the markets and achieve their goals with The Trading Pit.
13. Share online resources that were/are significant in your trading development. Names and links are appreciated.
One online resource that has been significant in my trading development is the YouTube channel of Dr Malak Nour. Her channel offers valuable insights and education on trading strategies, technical analysis, and other essential topics relevant to the markets. I highly recommend her channel to anyone looking to improve their skills and knowledge in trading. Here is the link to her channel: https://www.youtube.com/@MalakNour.
14. What made you trust The Trading Pit for your trading career?
What made me trust The Trading Pit for my trading career was the passing of the challenge and the execution of their expanding scaling plan. Throughout my experience with The Trading Pit, I found that everything they promised in their contract was delivered promptly. This level of transparency and professionalism gave me confidence in the program and allowed me to focus on achieving my trading goals with peace of mind.
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