Meet Vaseegaran Govindaraj, a trader from New Zealand who recently achieved an impressive payout of over $11,000 with SabioTrade! We hope his success story serves as inspiration and offers valuable insights into prop trading for you.
Read on to discover how Vaseegaran not only passed the assessment for free but also received payment for doing so! Learn why he believes Sabio stands out among other prop firms, the trading principles behind his success, and one valuable piece of advice he offers to all Sabio traders.
Success story highlight: A total payout of $11,218 on the $200K funded account ($10,373 profit + $845 refund) in one month
A new beginning: from regular Forex trader to funded trader
Vaseegaran’s success story may sound like a Christmas miracle, but it was anything but miraculous. It all began when he decided to explore prop trading firms for the first time — previously, he only traded with regular Forex brokers.
Before Christmas 2023, Vaseegaran went online searching for prop trading offers. He hoped that with a larger trading account, he could maximize his trading skills and earn more compared to traditional trading. After comparing various prop companies on factors like conditions and prices, he stumbled upon SabioTrade.
During that time, SabioTrade was running the “Christmas Upside Down” promotion, offering a 40% discount on rates and a 150% refund. Vaseegaran found this offer to be the most appealing based on different factors and decided to join SabioTrade.
Assessment and funding
He selected the Platinum tariff, which offered a generous $200,000 funding. With the discount applied, the cost amounted to a mere $563 instead of the regular $939.
Leveraging his seasoned trading background and honed skills, Vaseegaran found himself navigating through SabioTrade’s assessment process with relative ease. The absence of time constraints provided him with the flexibility to steadily progress towards achieving the profit targets at his preferred pace.
Trading experience
Upon successfully passing the assessment, he received a live account with $200,000 from SabioTrade. As part of the promotion, SabioTrade reimbursed him the full cost of the assessment account plus credited him with half of this cost ($845 total).
Within just one month, Vaseegaran’s profit on his funded account reached $11,000, which he withdrew successfully via wire transfer.
Impressions on SabioTrade
Vaseegaran expressed his admiration for the user-friendly platform and the transparency evident in SabioTrade’s operations.
He noted that the New Zealand trading community is quite small, and all professional traders are interconnected — they communicate and share experiences regularly. From this community, he’s aware of negative stories involving prop trading firms. Vaseegaran highlighted a recent unfortunate incident where a local company vanished a month after accepting funds from traders, leaving them empty-handed. Consequently, he deeply valued Sabio’s commitment to openness and transparency.
Vaseegaran’s opinion on SabioTrade’s education
Vaseegaran also noted the value of SabioTrade’s educational resources, particularly for novice traders seeking additional support. While he personally didn’t utilize these materials due to his extensive trading experience and familiarity with the trading process, he acknowledged their potential benefits for those less confident. These resources are free for Sabio traders, making them easily accessible for anyone looking to enhance their trading knowledge and skills.
Vaseegaran’s trading principles
- Manual trading only. Vaseegaran avoids automated bots, believing that every trade demands careful attention and a considered approach that robots cannot ensure.
- Stick to reputable companies. He emphasizes the importance of dealing only with honest firms with a solid reputation to avoid falling victim to scams.
- Maintain calmness and prudence. Vaseegaran advises against succumbing to fear of missing out (FOMO) or greed, which can lead to poor trading decisions.
- Leverage with caution. While acknowledging the potential benefits, Vaseegaran suggests using leverage judiciously and only if you understand its risks to maximize investment gains.
Trading Advice from Vaseegaran
In trading, it is crucial to have plenty of patience. You can’t just enter a trade and then exit quickly. You have to be patient and exit when the time is right. That is the most important trait for success in trading.
__________________
We hope that was insightful and wish Mr. Govindaraj continued success with his prop trading endeavors! If you’re ready to write your own success story, check out our tariffs now — we have ongoing discounts to kickstart your journey!
Leave a Reply