Getting Paid to Trade A Forex Funded Account with CTI

“The greatest glory in living lies not in never failing, but in rising every time we fail.” – Nelson Mandelaa

Satyanarayana Ande has come a long way into his success and being one of CTI’s Golden Traders as a Portfolio Manager. Going through his evaluation of the journey with CTI, Saty has learned a lot about Risk Management and Psychology which has been Key to his consistency and success in CTI’s Forex Funded Trader Program.

What was your trading experience before joining CTI's Funded Trader Program?

My educational background in Biology and I have been doing cancer research for the past 20 years. Until the middle of 2017, other than a little bit about the stock market, I absolutely don’t know anything about financial markets or finance-related terms. Sometimes, in the middle of 2017, when I was watching the news, one of the guests mentioned about Forex market while talking about the stock market. I was just curious to know what Forex is. So, I googled it, read a few Forex articles and came to see that it is possible to trade Forex on a Demo account. Just for fun, I opened a demo account, and without knowing anything, I randomly placed buys and sells on different pairs and almost always lost my trades. After playing with it like a game for a couple of months, I lost interest and stopped it.

In 2018, my wife got very busy with her medical residency and working long hours, including weekends. So, I started getting bored at home, and one day suddenly, Forex came to my mind. Then, I started watching Forex-related videos on YouTube and beginning to learn more about indicators, technical analysis, strategies/systems, risk management, trading psychology, discipline, patience etc. I watched hundreds of videos. Especially, I was extremely fascinated and shocked to know that more than 90% of traders lose money in Forex markets. So, I took it as a challenge and started spending more time analyzing the charts, watching more Forex YouTube videos and preparing and testing strategies on a very small live account. After about one and a half years, I started to make profits. This is how I slowly got into Forex, and now, it has become an integral part of my life.

How have you found trading with CTI's Funding Program so far?

I signed up for the 50K evaluation account in Feb 2020. CTI set up my account within a few hours. In the first month, I gained about 2% profit. Then, I had about 3% DD in March when the coronavirus outbreak caused panic and extreme volatility. Each pair is moving about 200-400 pips every day. During this time, I should have reduced my lot size further and stayed with my strategy. Instead, the biggest mistake I have done is, I started trading on smaller time frame charts, so that I can keep my stop losses tighter. My stop losses were always taken out, and I had many losses in a row.

After losing about 3%, I stopped trading for a few days. Then, I went back to my own strategy, larger time frame charts that I am comfortable with, and slowly recovered my losses and hit 6% target in the 2nd week of June. If I hadn’t made that mistake, perhaps, I would have reached 6% target even before. Of course, I learned an important lesson (smile).

Could you share with others your trading strategy?

I analyze the market at the beginning and end of each session, Asian, London and the US. I look for trend-continuation trades or strong reversals. I recognize these patterns by simultaneously analyzing three different higher time-frame charts. I look at price action and use two different moving averages to identify these patterns clearly.

Once a trade falls within my trading set up, I place a trade by risking only 0.1 to 0.3% per trade. I place a trade only if the R:R is at least 1:1.5. Almost all of my trades have an R:R of 1:1.5 to 1:3. I don’t take a trade if the R:R is less than 1:1. I generally target about 80-150 pips per trade depending on the trade setup and currency pair.

Are you happy with the CTI service and the account? If so, Why?

In my research, I found that several firms mostly fund day traders. CTI is one of the best firms that supports all trading styles, including swing trading and long-term trading. I have complete freedom to trade my own trading style. Once I signed up for an evaluation account, it was set up within hours, and after I passed evaluation, my 50K account was set up within 48h although it was weekend.

Everything was really quick, what else I can ask for. In my opinion, CTI is the best and very honest Forex funding program for serious and disciplined traders. I am hoping to have a very long-term successful partnership with CTI. Hopefully, I grow my account to its maximal potential of 2M in the coming months/years.

Any tips on how to trade the Forex Funded Account?‎

Identify if your skillset is more suited for day trading or swing trading. Once you identify it, adhere to it. Trade only one or two price patterns or setups that have a higher probability of winning. Wait patiently for these price patterns to develop and then enter your trades.

We generally take about 0.5 to 1% risk per trade, but since CTI allows only 4% drawdown, I reduced my risk from 0.5% to only 0.1 to 0.3% per trade. I think risk management is the most important factor that helped me to pass the evaluation program. Although I had few bad trading days and a series of losses, I know that if I effectively manage risk, I always have a chance to stay in the game, catch good trades and hit the profit target.
Never take losses personally and don’t revenge trade or increase lot sizes after a few losses. Losses are part and parcel of this business, and we must deal with them the right way.

I think it is extremely important to adhere to our strategy, trading plan, patience, discipline and risk management not for days, weeks, months or even years but decades if we want to maintain a stable Forex trading career.

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Getting Paid to Trade A Forex Funded Account with CTI

Satyanarayana Ande Trading Track Record

What was your trading experience before joining CTI's Funded Trader Program?

How have you found trading with CTI's Funding Program so far?

Could you share with others your trading strategy?

Are you happy with the CTI service and the account? If so, Why?

Any tips on how to trade the Forex Funded Account?‎

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