Eduardo's Trading Journey

Overview

This article summarizes an in-depth interview with Eduardo, a 42-year-old full-time Forex trader from Brazil who transitioned from personal trading to managing a funded account with Audacity Capital.

Having traded Forex since 2008, Eduardo became a full-time trader in November 2022. After joining Audacity Capital, he successfully scaled to a $30,000 funded account within approximately five months. His journey highlights the importance of adaptability, disciplined risk management, and long-term consistency in funded trading.

Trading Background and Style

Eduardo has over 15 years of experience focused exclusively on Forex trading.

Key aspects of his background include:

• Trades only major currency pairs
• Avoids indices and metals due to higher risk
• Main instruments: EUR/USD, GBP/USD, AUD/USD
• Previously focused on swing trading
• Shifted to scalping and intraday trading after joining Audacity

This transition was influenced by program rules that restrict holding positions over weekends.

Adapting to Audacity Capital’s Rules

Audacity Capital applies strict trading conditions, including:

• Low leverage (1:5)
• Lot size restrictions (minimum 0.5 lots)
• No weekend position holding

These rules required Eduardo to modify his trading system and mindset.

Key outcomes of this adaptation:

• Improved capital preservation
• Reduced drawdowns
• More consistent performance
• Lower emotional pressure

Eduardo believes these constraints helped him become a more disciplined trader.

Use of Algorithmic Trading Tools

Eduardo actively uses automated trading tools to support his strategy.

Expert Advisors (EAs)

He incorporates:

• Custom-built EAs
• Free community-based EAs

These tools are based on:

• Support and resistance
• Bollinger Bands
• Fibonacci retracements
• Smart Money Concepts (SMC)

Active Monitoring

Eduardo emphasizes that EAs are not “set and forget” systems.

His approach includes:

• Continuous monitoring
• Manual adjustments
• Performance evaluation
• Market condition filtering

He avoids trending pairs and prefers ranging markets where EAs perform more reliably.

Risk and Money Management

Funded Account Risk Approach

On Audacity accounts, Eduardo follows:

• Conservative position sizing
• Strict lot limits
• Low leverage usage
• 2:1 reward-to-risk ratio
• Very low drawdown targets

This structure aligns with the firm’s long-term consistency goals.

Personal vs Funded Accounts

Previously, Eduardo used higher risk on personal accounts. Over time, he began applying Audacity’s disciplined rules to his private trading.

This resulted in:

• Better emotional control
• Improved capital protection
• More stable returns

Journey Duration and Challenges

Reaching the $30,000 funded account was not immediate.

Key challenges included:

• Adjusting to leverage limits
• Adapting algorithmic systems
• Managing expectations
• Reducing aggressive behavior

His progression took around 28 weeks (five months), which he views as a valuable training phase rather than a setback.

Unlike traders who pass quickly, Eduardo focused on long-term sustainability.

Audacity Capital’s Trading Environment

Eduardo values several aspects of Audacity’s ecosystem:

• No fixed deadline to reach targets
• Supportive risk framework
• Clear performance metrics
• Physical trading floor
• Professional community

He believes this structure promotes steady development rather than short-term speculation.

Advice for New Traders

Eduardo’s recommendations include:

• Choose a reliable and transparent prop firm
• Focus on consistency over fast profits
• Accept slower growth as part of learning
• Follow structured risk rules
• Avoid aggressive overtrading
• Trade within a supportive ecosystem

He stresses that isolation often leads to emotional mistakes, while structured environments improve discipline.

Timeline of Eduardo’s Trading Journey

Trading Tools and Strategy Overview

Core Concepts Highlighted

Conclusion

Eduardo’s journey demonstrates how adapting to a disciplined prop firm environment can transform long-term trading performance.

By embracing strict risk controls, actively managing algorithmic tools, and focusing on consistency rather than speed, he successfully scaled to a $30,000 funded account.

His experience shows that sustainable profitability comes from patience, structured learning, and commitment to professional trading standards. For aspiring funded traders, Eduardo’s story offers a practical example of how discipline and adaptability lead to long-term success.