Warren Tradetonic, a 25-year-old South African trader, shared his trading journey in a recent FundedNext interview.
Warren Tradetonic, a 25-year-old South African trader, shared his trading journey in a recent FundedNext interview.
Here are the Highlights of the article “FundedNext Trader Warren and his Journey- An Interview”:
In a recent FundedNext interview, Warren Tradetonic, a 25-year-old trader hailing from South Africa, revealed the intriguing details of his remarkable trading journey. Born in the village of Sokunangabuang, South Africa, Warren’s passion for trading has taken him from initial setbacks to emerging as a promising part-time trader.
Warren’s trading expedition began in 2017 during his university days at the University of Pretoria, where he studied mechanical engineering. His first encounter with trading occurred during his high school years, but due to financial constraints, he had to shelve the idea temporarily.
Warren’s trading strategy primarily revolves around precise timing. He concentrates on the London and US trading sessions, aligning them with his local time zone. His strategy is built on identifying liquidity sweeps and trend-following. Analyzing the Asian session, Warren looks for liquidity buildup, evaluates where liquidity was taken, identifies order blocks, and waits for retracement before executing his trades. He typically enters and exits positions within the same trading session. This strategy might lead to missed opportunities, but Warren emphasizes the significance of risk management and prioritizing safe, consistent gains over capturing extended price movements.
Warren Tradetonic also discussed his experience with FundedNext, highlighting their reasonable commission structure and the 15% profit share during the challenge stage. He opted for the express model to secure a consistent income stream at the end of each month, ensuring stability while trading.
When it comes to risk management, Warren Tradetonic shared that he risks approximately $250 to $300 on a $15,000 trading account. His risk-to-reward ratio typically hovers around 1:1.3 to 1:1.5, with a winning percentage between 50% and 60%.
Here is the Full Interview:
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