FundedNext Trader Shanmuga Sunder Ganeshan shares insights into his successful trading strategy.
FundedNext Trader Shanmuga Sunder Ganeshan shares insights into his successful trading strategy.
Here are the Highlights of the article “FundedNext Interview with a Trader- Product Manager?”:
FundedNext Trader Shanmuga Sunder Ganeshan shares insights into his successful trading strategy in a recent Exclusive Interview. Mr. Ganeshan’s strategy has not only helped him achieve consistent profits but has also caught the attention of fellow traders looking to enhance their skills and gain funding from FundedNext.
Mr. Ganeshan began his trading journey by experimenting with various trading approaches, including SMA crossovers, RSI, and more. Over time, he honed his strategy, arriving at a trading method that has proven effective for him.
One of Mr. Ganeshan’s unique approaches involves focusing on three currency pairs. He attributes this choice to the volatility these pairs offer, aligning with his day-trading style, aiming for quick in-and-out trades.
He follows a structured routine, performing analysis on the four-hour chart but executing trades on a five-minute chart. His typical trading day involves three key timeframes: 10:30 a.m., 2:30 p.m., and 6:30 p.m., Indian Standard Time.
In his strategy, Mr. Ganeshan emphasizes avoiding trading ranges and looking for trends. He selects entry points based on the price action and employs a one-percent risk per trade strategy. He uses stop-loss and take-profit orders to manage trades effectively. Mr. Ganeshan candidly shared his experience of facing a significant drawdown in his trading account, reaching a negative 8% balance. Regarding FundedNext, Mr. Ganeshan appreciates the platform’s support and innovative approach to funding traders. He particularly praises their introduction of no time limits, allowing traders to operate with greater flexibility and patience.
Here is the Full Interview:
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