In a recent interview, FundedNext had the pleasure of speaking with Alvin Michael, a talented trader who has made strides with FundedNext.
In a recent interview, FundedNext had the pleasure of speaking with Alvin Michael, a talented trader who has made strides with FundedNext.
Here are the Highlights of the article “Interview with Alvin Michael: Mastering Trading with FundedNext”:
In a recent interview, FundedNext had the pleasure of speaking with Alvin Michael, a talented trader who has made strides with FundedNext. Alvin, originally from Indonesia and currently studying economics in China, shared his trading journey and insights into his successful strategy.
Alvin began trading in 2019 with stocks before expanding into Forex and commodities in 2021. His journey with FundedNext started in 2021, where he faced initial setbacks but persisted with determination. By 2024, Alvin achieved funding on his second attempt, a testament to his resilience and commitment.
During the interview, Alvin emphasized the importance of patience in trading, especially in the volatile Forex and commodities markets. He highlighted that while strategy is crucial, patience is what ultimately determines success. Alvin’s trading style is rooted in price action and supply and demand principles, avoiding lagging indicators. He performs a thorough analysis using multiple time frames—from daily to 30-minute charts—to identify key levels for trade execution.
Alvin prefers setting limit orders and waiting for them to hit, which helps him avoid over-trading and maintains his psychological balance. His typical trades aim for a reward-to-risk ratio of 2:1, with some reaching up to 3:1. Despite experiencing a challenging week recently, Alvin’s statistics demonstrate a solid performance, with a reward-to-risk ratio of 1:1.6 and a win rate of 40%.
In the interview, Alvin shared how balancing his academic responsibilities with trading has influenced his strategy. He noted that a strategy fitting his lifestyle allows him to manage his time effectively and avoid over-trading.
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