Simon's Trading Journey

Overview

This article summarizes an in-depth interview with Simon Rosenberg, a trader who recently achieved the 10% profit target, allowing him to scale his funded trading account to the next level.

Simon shares his journey from cryptocurrency trading to professional Forex and gold trading. The interview explores his fundamentally driven approach, conservative risk management style, and strong emphasis on discipline, education, and long-term consistency.

Timeline of Simon’s Trading Journey

Trading Background and Evolution

Simon began his trading journey in cryptocurrency markets before transitioning into traditional financial markets.

Key background points include:

• Started with Bitcoin trading in 2012
• Motivated by financial independence
• Became a full-time trader in 2020
• Entered Forex markets in 2022
• Gradually moved away from crypto and stocks
• Currently focuses on Forex and gold

He believes Forex markets offer greater stability and transparency compared to cryptocurrencies.

Trading Approach and Strategy

Fundamental-Based Trading

Simon relies primarily on fundamental analysis rather than technical indicators.

His decision-making is based on:

• Global economic conditions
• Central bank policies
• Interest rate changes
• Political developments
• Inflation trends

Example: Trading GBP based on expected interest rate announcements.

He believes major institutions and central banks play a key role in stabilizing currency markets.

Market Focus

Simon mainly trades:

• Major Forex pairs
• Selected minor pairs (AUD, NZD)
• Gold

He avoids excessive diversification to maintain analytical clarity.

Risk Management Approach

Risk control is central to Simon’s trading philosophy.

Key principles include:

• Strict stop-loss usage
• Conservative position sizing
• Lot size restrictions (as per program rules
• Regular profit-taking
• Avoidance of excessive drawdowns

He typically targets modest gains rather than high-risk moves.

Profit-Taking Strategy

• Average profit target: ~30 points
• Focus on frequent, consistent wins
• Rarely holds positions longer than one week
• Most trades last from hours to days

Simon believes small, repeatable gains build sustainable profitability.

Trading Psychology and Discipline

Simon emphasizes mindset as a critical success factor.

His psychological principles include:

• Avoiding emotional trading
• Not chasing losses
• Rejecting “get rich quick” thinking
• Maintaining patience during drawdowns
• Treating trading as a business

He warns that desperation and impulsive decisions often lead to account wipeouts.

Experience with the Funded Trader Program

Program Benefits

Simon values the program for:

• Clear contracts
• Lot size limits
• Capital access
• Structured risk controls
• Educational resources

He views lot size restrictions as protective measures, especially for developing traders.

Scaling and Development

• Started with smaller accounts
• Built consistency gradually
• Achieved 10% profit target
• Earned access to larger capital

He advises traders to use the full allowed timeframe instead of rushing targets.

Advice for Struggling Traders

Simon’s key recommendations include:

• Focus on one trade at a time
• Aim for steady profitability
• Target realistic win rates (60%+)
• Avoid emotional holding of losing trades
• Use proper stop-loss placement
• Prioritize learning over fast profits

He encourages traders to build confidence through consistency rather than shortcuts.

Quantitative Summary

Key Insights and Takeaways

Simon’s journey highlights several important lessons:

• Fundamental analysis is highly effective in Forex and gold
• Conservative risk management supports long-term survival
• Small, consistent profits outperform aggressive strategies
• Discipline outweighs short-term performance
• Structured prop firm environments promote growth
• Education and patience are essential

He believes transparency about trading risks is necessary to protect new traders.

Conclusion

Simon Rosenberg’s journey illustrates how disciplined, fundamentally driven trading can lead to sustainable success in funded trading programs.

By focusing on macroeconomic factors, maintaining conservative risk controls, and prioritizing consistency over speed, he successfully scaled his account and built professional trading habits.

His experience reinforces that trading is not a shortcut to wealth but a long-term business built on education, patience, and emotional control. For aspiring traders, Simon’s story provides a realistic roadmap for achieving steady growth in the funded trading environment.