Buge Satrio, Successful Indonesian Trader Thanks to Experimentation

Buge Satrio is a forex analyst and Full-Time Trader from Indonesia who has carved out success through various experiments on demo accounts. His solid presence in the trading world has garnered attention from many. His educational background in IT from a Private University in Jakarta has provided him with a strong foundation to pursue his career in the forex market.

Introduction to Forex Trading

Buge Satrio began exploring the world of forex trading in mid-2003. At that time, trading platforms still used MetaTrader 3, and internet connections were not as fast as they are today. Although he had just graduated from college and was working at a print media company, Buge started studying various technical indicators and focused on technical analysis. However, he only dared to make his first deposit in 2005, which unfortunately resulted in more Margin Calls (MC) than withdrawals.

Role of Fundamental Analysis

In 2008, the US Subprime Mortgage crisis triggered a global financial crisis that changed Buge's view of the market. This event prompted him to study fundamental analysis more seriously, reading many articles in English online. From there, he began writing technical analysis supported by fundamental analysis. Buge emphasizes the importance of understanding a country's monetary policies and other key economic data in determining price movements.

Experiments and Enlightenment

During the period from 2008 to 2013, Buge conducted various experiments with demo accounts. His goal was to find a comfortable trading style and minimize risks as much as possible. From these experiments, he discovered several important things:

1. Risk Management: Buge realized that less aggressive risk and target tend to result in more consistent profits. He is more comfortable with a weekly target of 2% and a monthly target of 4%, and will only actively trade if these targets have not been met.
2. Price Action and Ichimoku Kinko Hyo: Buge found that price action and candlestick patterns indicate the direction of price movements faster than other technical indicators. Additionally, the Ichimoku Kinko Hyo indicator also became his favorite in composing analysis.
3. Early Retirement Decision: The results of the experiments convinced him to retire early from his job and become a Full-Time Trader since 2014 until now.

Difference Between Demo and Real Accounts

Buge acknowledges the differences between trading execution using demo and real accounts. However, he found that experimenting with demo accounts still gave him valuable insights into the market.

How to Compile Technical Analysis

Buge uses various technical indicators depending on market conditions. He always monitors price movements on Daily and H1 charts to compile a Trading Plan. Candlestick patterns and price action are his main focus in making trading decisions.

Tips for Becoming a Full-Time Trader

For traders interested in following in Buge's footsteps to become a Full-Time Trader, he suggests having the following skills and discipline:

• Mastery of technical and fundamental indicators.
• Studying fundamental economic data and knowing when important news is released.
• Compiling a Trading Plan that includes strategy, risk-reward, and Money Management.
• Avoiding arrogance and greed, and being grateful for every pip gained.

Buge emphasizes that trading requires hard work, patience, and prayer, and believes that passion followed by hard work will lead to success, including in the forex world.

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