Simon's Trading Journey
Why This Trader Stopped Crypto & Started Winning in Forex
Trader Snapshot
Name | Simon Rosenberg |
Location | Not Specified |
Experience | Trading Since 2012 |
Trading Status | Full-Time / Funded Trader |
Primary Program | Audacity Capital Funded Trader Program |
Trading Style | Fundamental-Based Forex & Gold Trading |
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 Simonās Trading Journey
Year / Period | Event / Development |
2012 | First Bitcoin trade; developed interest |
2020 | Began trading full-time during pandemic |
September 2022 | Entered Forex trading during Euro downturn |
Spring 2023 | Joined Audacity Funded Program |
2024 | Achieved 10% target and scaled account |
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 Simonās 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 āget rich quickā 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
Simonās 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
Metric | Simonās Practice | Industry Insight |
First Trading Year | 2012 (Bitcoin) | Early crypto adoption |
Forex Start | September 2022 | Entered during Euro decline |
Profit Target | ~30 points | Conservative approach |
Holding Time | Hours to days | Rarely over one week |
Risk Tools | Stop-loss, lot limits | Capital protection |
Target Win Rate | 60%+ | Strong Forex performance |
Funding Progression | Scaled after 10% target | Encourages gradual growth |
Key Insights and Takeaways
Simonās 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 Rosenbergās 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, Simonās story provides a realistic roadmap for achieving steady growth in the funded trading environment.
Certification
Choose The Best Plan
Designed to reduce stress by removing deadlines š Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) ā $9,000 ā Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) ā $18,000 ā The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Challenge
Designed to reduce stress by removing deadlines š Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) ā $9,000 ā Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) ā $18,000 ā The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines š Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) ā $9,000 ā Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) ā $18,000 ā The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines š Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time ā GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountās balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) ā $9,000 ā Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) ā $18,000 ā The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
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