Trader interview. Ajay's figures are his own account of one interview, not a typical result. Related reading: performance fees, Qualified Trader, simulated funds, first evaluation checklist, how many attempts are normal, more trader interviews.
Quick answer: In an Alpha Group Podcast interview published on 20 January 2026, Chester groundworker Ajay Morris said he had been trading for about eight to nine months. He reported two Alpha Capital performance fees on a $10K Qualified Account, after losing about 16 to 17 accounts before his first qualification. Those numbers are self-reported. They are not typical and they are not a guarantee.
Ajay Morris is a self-employed groundworker and vehicle-valeting business owner from Chester. This page summarises what he told the Alpha Group Podcast in From Blowing Accounts to 2 Performance Fees in 8 Months, a 25-minute interview uploaded on 20 January 2026.
The eight-month timeline belongs to that recording. It is not a claim about where Ajay's trading stood when this article was published.
Ajay Morris trader profile
| Detail | What Ajay reported |
|---|---|
| Location | Chester, United Kingdom |
| Work | Self-employed groundworker and vehicle-valeting business owner |
| Experience at the January 2026 interview | About 8 to 9 months |
| Main markets | USD/JPY and AUD/JPY |
| Occasional market | Gold, avoided when he sees an unusually aggressive move |
| Style | Forex day trading |
| Direction | Daily, 4-hour, and 1-hour charts |
| Entries | 15-minute and 5-minute charts |
| Tools he named | Bollinger Bands, volume, TradingView, MetaTrader 5, Notion |
| Alpha Capital account at interview | $10K Qualified Account on simulated funds |
| Alpha Capital performance fees | Two, described as about 3% and about 4% |
| Accounts lost before first qualification | About 16 to 17, self-reported |
Alpha Capital Evaluations and Qualified Accounts use simulated funds. A performance fee is paid on eligible simulated results. It is not a salary, and it is not guaranteed.
From groundworks and valeting to forex
Ajay works in groundworks, driving dumpers and rollers, and he also runs a vehicle-valeting business. Trading started through someone he met on a job. That person traded gold. Ajay went towards meme coins instead, shared ideas with a friend, and says they got lucky on one coin.
He then stopped meme coins and found forex through YouTube. He did not arrive with a finance background or a structured course. The early period was curiosity, online videos, and the feeling of watching numbers move.
Another Alpha Capital interview covers a similar start: the trader who learned from YouTube.
His first forex mistake: no stop loss
Ajay's first forex results were small. A £20 win felt exciting, and he had no framework for losses.
"I didn't even know what a stop loss was, so I was literally losing like £100 on the trade."
A simulated practice account showed him how MetaTrader 5 worked. It did not give him a process. He spent the following months reading about technical analysis, market structure, trading psychology, risk, and entry rules. At the most obsessive point, he says he sometimes stayed up until six or seven in the morning watching videos.
More screen time did not produce better decisions. One later change was removing information from the chart instead of adding it. If you are opening a first Evaluation, the checklist before the first trade covers the rules a video will not.
Why he stopped marking everything
Early on, Ajay tried to mark every order block, fair value gap, liquidity point, and extra confirmation. The chart became harder to read.
"The more simple you make it, the easier it is."
He said he had used broadly the same strategy for about seven months, and kept narrowing the entry rules. He did not want to copy another trader's system line by line, because a method still has to fit the person using it. The simpler version he described uses market structure, price action, Bollinger Bands, and volume.
What Ajay Morris trades
He mainly trades USD/JPY and AUD/JPY. He watches gold, and he stays out when the move looks parabolic or unusually aggressive to him. He does not claim to trade every forex pair. A short watchlist is how he studies one process without switching markets every week.
How he describes the day-trading process
Ajay calls it a market-structure and price-action approach. Direction comes first:
- Daily chart for the broad direction
- 4-hour chart for trend context
- 1-hour chart for the nearer-term direction
- 15-minute and 5-minute charts for a possible entry
He waits for a formation that already sits inside his rules, then looks for the entry. The tools he named are Bollinger Bands, volume, TradingView, and MetaTrader 5. The journal is in Notion.
This is not a complete strategy, and it is not an entry signal. The useful part is the order of work: set the direction, wait for a familiar formation, and do not enter because the platform is open.
Risk on an Evaluation versus a Qualified Account
Ajay described different risk depending on the stage and on his own confidence. These are his choices. They are not Alpha Capital rules and they are not a recommendation.
| Situation he described | Risk he said he used |
|---|---|
| Evaluation | Sometimes about 2% per trade |
| Qualified Account, normal maximum | About 1% to 1.5% |
| Drawdown, or lower confidence | Towards 0.5% |
A higher risk can move an Evaluation faster. It also means fewer full losses before a limit is hit. Ajay's own history is the example he gave: about 16 to 17 accounts lost before the first qualification. For how a Qualified Account differs from an Evaluation, see what a Qualified Trader is.
Sixteen or seventeen accounts before the first qualification
Ajay said he lost about 16 to 17 accounts before he first reached a Qualified Account. He kept that first account for about three months and received two performance fees, then a later request was declined by that provider. He said the disagreement led to him being removed from that provider's community channels.
The interview does not independently verify that dispute, and it does not establish that those 16 to 17 accounts were all Alpha Capital accounts. Treat it as Ajay's account of what happened.
The useful point is narrower. Repeated failures eventually told him the process and the risk needed work. Buying another account is not, by itself, a method. How many evaluation attempts are normal looks at that question without turning a streak of losses into a plan.
Two Alpha Capital performance fees on a $10K account
At the January 2026 interview, Ajay said he held a $10K Alpha Capital Qualified Account in the simulated environment. He reported:
- one performance fee after about 3%
- a second performance fee after about 4%
The interview does not state the cash amount of those two Alpha Capital fees. Ajay described the account as small next to his longer-term ambition. The percentages were, for him, evidence that the process could produce eligible simulated gains. What a request actually requires is covered in what a performance fee is and what a realistic performance fee looks like.
He also discussed a separate result of about 5.8% on a $100K account, which he put at roughly £4,600 after the split that applied there. The conversation does not establish that this was an Alpha Capital account, so it is not an Alpha Capital performance fee.
All of these figures are self-reported. They are not typical, they were not audited for this article, and they do not predict another trader's result.
Discipline, patience, and execution
Ajay keeps three words on his phone: discipline, patience, execution. In one recent week before the interview he had taken only two trades. If the market did not fit the setup, he stayed out.
"I've learned to just sit on my hands. If the markets are not right for me, I just won't trade."
That restraint came after the lost accounts, not before them. The eight-month headline sounds fast. The part he kept returning to was slowing down. A related interview on the same theme is Daniel FM on patience and journalling.
What he does when a loss turns emotional
Ajay does not claim to have switched emotion off, or to be finished with revenge trading. When he notices it building, he writes down what he feels, pauses, stands up, puts the phone down, and makes a cup of tea or leaves the screen.
He also noticed that Fridays do not suit him, so he generally does not trade them. That is a personal rule from his own results. If one day keeps producing poor decisions, dropping that day can be more useful than adding another indicator.
Why the journal mattered more later
Ajay uses Notion to journal trades. He said journalling and backtesting became more important as the process developed. A useful journal answers a few plain questions:
- Did the setup meet every rule?
- Was the risk chosen before the entry?
- Did the session suit the strategy?
- Was the trade a setup or a feeling?
- Does one day, session, or market keep causing the same mistake?
Avoiding Fridays is the example he gave of turning a note into a rule.
Ambition, and the calculation that is not a plan
Ajay wants to move towards larger Evaluation sizes. He mentioned $100K and $200K accounts. Late in the interview he also described a fixed monthly return, compounded for two years, that would make him a millionaire.
That is an aspiration. Trading returns are not fixed. A strategy can go into drawdown or stop behaving as it did. An account can be breached. Simulated results are not live-market results. The part of his plan that he repeats elsewhere is slower: scale in steps, cut risk when the conditions are weaker, and judge the process in percentages before imagining a larger cash figure.
What keeps him going
Ajay talked about his daughter as the main reason. He wants more control of his time and more of it with his family. Groundworks and valeting tie hours to the job. Trading appealed because the schedule might be more flexible.
That reason can help, and it can also add pressure. Wanting a result does not make a setup valid. The patience he described matters as much as the ambition.
Five lessons from the first eight months
1. A short timeline can hide a lot of failures
Eight to nine months sounds fast. Ajay says he lost up to 17 accounts in that period.
2. More concepts do not automatically make a clearer strategy
Marking every technical idea made the chart harder. Taking ideas off it made the decision easier to see.
3. Risk can change with the account
He said he cuts risk in a drawdown or when he is less confident in the setup. The percentages are his, not a rule for anyone else.
4. Behaviour is data
Fridays kept going badly, so he stopped trading them.
5. A performance fee is one eligible period
Two fees mattered to him. They do not guarantee the next fee, and they do not forecast anyone else's account.
What he would tell a beginner
"Don't overcomplicate it with this strategy and this strategy or this golden strategy. Work on yourself and get in a simulated practice account. See what works and see what doesn't."
The route he described was simpler than the video diet that started it: learn the platform, learn what a stop loss is before chasing a return, test one process, tighten the rules, journal the trade and the feeling, and only then think about a larger size. Belief mattered to him. Belief was not the strategy.
Current Alpha Capital programmes and rules are on the evaluation programmes page. Read those limits before treating any interview as a plan.
Frequently asked questions
Who is Ajay Morris?
Ajay Morris is a self-employed groundworker and vehicle-valeting business owner from Chester. He told the Alpha Group Podcast, in an interview published on 20 January 2026, that he had been learning trading for about eight to nine months and did not come from a finance background.
Is Ajay Morris an Alpha Capital Qualified Trader?
At that interview he reported a $10K Alpha Capital Qualified Account on simulated funds, and two Alpha Capital performance fees. This article does not confirm his account status after 20 January 2026.
How many Alpha Capital performance fees did he report?
Two. One after about 3% and another after about 4%. The interview does not state the cash amount of those two fees.
Which forex pairs does he trade?
Mainly USD/JPY and AUD/JPY. He sometimes watches gold and says he avoids it when the move looks unusually aggressive.
What strategy did he describe?
Market structure and price action. Daily, 4-hour, and 1-hour charts for direction. 15-minute and 5-minute charts for entries. He also mentioned Bollinger Bands and volume. That is a description of his process, not a signal.
How many accounts did he lose before qualifying?
He estimated 16 to 17 before the first qualification. That figure is self-reported. It does not mean those accounts were all at Alpha Capital, and it does not mean buying more accounts produces a qualification.
How much does he risk per trade?
He said about 2% on some Evaluations, about 1% to 1.5% on a Qualified Account, and towards 0.5% in a drawdown or when he is less confident. Those are his decisions, not Alpha Capital guidance.
What did he tell new forex traders?
Stop collecting strategies. Use a simulated practice account, journal what happens, and work on discipline before trying to scale.
Author: Alpha Capital Research Team · Reviewed by: Content and Compliance · Article published: 23 September 2026 · Interview published: 20 January 2026 on the Alpha Group Podcast · Related: Performance fees · Trader interviews · Evaluations
This article summarises Ajay Morris's statements in a public Alpha Group Podcast interview. Results and account history are self-reported. They are not typical or guaranteed. Alpha Capital Evaluations and Qualified Accounts use simulated funds. Performance fees depend on eligible simulated results and current terms. Simulated results do not reflect live-market trading. This is general information, not investment advice.
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Evaluations and Qualified Accounts use simulated funds. Performance fees depend on eligible simulated results and are not guaranteed.
