Every day, our traders are succeeding and reaching closer to their goal of finding ultimate financial freedom. FundedNext is pleased to become a crucial part of thousands of traders’ success stories. We hear inspiring stories of traders’ trading journeys, which have been a great motivation for us to move forward. Among the many, we have collected a few again this week. Give it a read.
Nguyen Tuan Long, a 32 years old Vietnamese Day Trader
Could You Discuss Your Trading Strategies? Have You Switched Between Strategies or Have You Stuck to One and Improved It Over Time?
I started with trendline trading, but I found the smart money concept to be more effective, so I switched to that strategy to level up my skills. By sticking to this approach, I have been able to improve my trades and make better decisions.
Can You Describe Your Most Successful Trades to Date? Please Share a Detailed Scenario of a Trade.
When asked about my best trades so far, I would like to share a scenario of a particular trade that went really well for me. Initially, I was drawn to this trade because the setup looked promising. I felt confident in my analysis and decided to take a calculated risk, putting my money on the line.
Fortunately, my instincts were correct, and the trade turned out to be a success. In fact, it performed so well that it passed the first phase of evaluation in my FundedNext account. I was able to earn a substantial profit from this trade, thanks to my careful planning and execution.
Overall, this trade was a great example of the potential rewards that come with taking calculated risks and making informed decisions based on solid analysis. It’s always satisfying to see a plan come together and pay off in such a significant way.
Do You Believe Psychology Plays a Significant Role in Trading? How Do You Handle Your Emotions During Losses or Wins?
My psychology is simple but also hard, when I place a trade I won’t close until it hits my stop-loss or take-profit. I don’t need to read books about psychology, I just gotta trade the right way, put emotions aside.
In your opinion, can FundedNext help traders improve their abilities and increase profits?
Yes, I believe FundedNext can help traders improve their skills and profitability. They place a strong emphasis on firmness in learning and offer training on specific strategies, timeframes, and risk management techniques.
What is the Secret to Long-term Success in Trading?
Trading can be overwhelming and stressful, especially if you’re in it for the money. But if you want long-term success, you need to focus on your trading strategy and your psychology. Developing a profitable strategy takes time and effort, and you should constantly analyze it to make sure it’s working for you. But it’s not just about making money, it’s also about managing your risk and understanding the market. You need to believe in your analysis, but also be aware of your emotions and psychology when making trades.
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Basit Mahmood Bokharee, 21 years old Pakistani Day-trader
Can You Tell Me About the Initial Day of Your Trading Journey and When It Began? Please Provide Some Details.
I began trading in 2019 and saw progress in 2020. However, it was in 2021 and 2022 that I started learning a new trading strategy, which took a lot of my time until I mastered it. The strategy is called SMART MONEY CONCEPT, and it helped me pass the challenge without any mentor.
Can You Describe Your Most Successful Trades to Date? Please Share a Detailed Scenario of a Trade.
My best trade was on USDJPY, where I took the trade before going to bed and woke up to +2000 pips. Another notable trade was on Us30, which earned me around 7% from one trade. Gold and Euro pairs have also been great trades for me in the past. While I enjoy trading the news, as was the case with the unemployment rate news, I always ensure to trade with caution.
How Do You Manage Risk in Your Trading? Please Provide Some Specifics.
I believe that proper risk management is the key to successful trading. To that end, I take great care to risk no more than 2% per trade and try to maintain an average risk of between 0.2% and 0.5%. Additionally, I am always mindful of my daily target, which is set at 6%. If I lose 4% in a day, I stop trading for the day and pick up again the next day. To ensure that I enter trades at the most optimal and reliable points, I pay close attention to resistance and spot. I also take trades in parts and determine my desired volume according to my daily loss.
Do You Think FundedNext Can Enhance Traders’ Skills and Provide the Best Profit Opportunities?
Absolutely! Based on my personal experience, FundedNext has been instrumental in managing my losses during times of market volatility. Their funded program has also helped me earn more profits. I highly recommend them to any trader looking to enhance their skills.
What is the Secret to Long-term Success in Trading?
Develop your psychological plan, strategies, and disciplines. Trading can be an emotional rollercoaster, with fear and greed often taking over. It’s important to control your emotions, be patient, and not get swayed by market trends or news. Take time to develop a trading plan that suits your risk tolerance and stick to it consistently.
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Olanrewaju Femi Adeyemi, 48 years old Gold Trader
What Type of Trader Are You and What Instruments Do You Prefer to Trade?
I am a conservative day trader, and my preferred instrument is gold. I prefer to use simple strategies such as moving averages and price action to make my trading decisions, with a focus on risk management and capital preservation. My goal is to make small but consistent profits, avoiding unnecessary risks and staying disciplined in my approach.
Could You Discuss Your Trading Strategies? Have You Switched Between Strategies or Have You Stuck to One and Improved It Over Time?
My primary trading strategy is based on price action. I have two main strategies that I use to analyze the market – I look for support and resistance areas and supply and demand zones. Once I find a suitable setup, I take action. This approach has worked well for me so far.
What Challenges Did You Encounter During Your Assessment Phase, if Any?
During the Assessment Phase, I experienced some challenges while using the prop system for the first time, which caused me some stress. This was further compounded by the limited internet connectivity in my country, and I had to use a VPN, which resulted in some delays. Nevertheless, I persevered and managed to overcome these challenges.
In your opinion, can FundedNext help traders improve their abilities and increase profits?
The evolution rules implemented by FundedNext are especially effective in honing traders’ risk management skills. This is a crucial aspect of successful trading, and I have no doubt that their program can help traders achieve their goals.
What is the Secret to Long-term Success in Trading?
To be successful in trading, it is important to have a well-defined strategy and the discipline to stick to that strategy. This involves conducting thorough research and analysis to develop a plan that is tailored to your own risk tolerance and trading goals. As you trade, it is important to remain flexible and adapt to changing market conditions, while also staying true to your plan as much as possible. Alongside this, it is crucial to develop a psychological plan that helps you maintain discipline and avoid making emotional decisions. This can involve setting clear rules for yourself, such as when to enter and exit trades, and having a plan in place for managing risk and handling losses. By building your own strategy and developing strong psychological discipline, you can increase your chances of long-term success in trading.
