In a recent exclusive interview with FundedNext trader Peter, he provided valuable insights into his six-year journey as a Forex trader.
In a recent exclusive interview with FundedNext trader Peter, he provided valuable insights into his six-year journey as a Forex trader.
Here are the Highlights of the article “Trader Peter Shares Success Journey in FundedNext Interview”:
In a recent exclusive interview with FundedNext trader Peter, he provided valuable insights into his six-year journey as a Forex trader based in Abuja, Nigeria. Peter, a graduate of the Federal University of Technology in Enugu with a degree in Telecommunication Engineering, has transitioned to trading Forex full-time, citing a passion for the financial markets.
Peter’s journey into Forex trading began six years ago, and after experiencing various challenges, he found his breakthrough with FundedNext, where he achieved profitability starting last year. Reflecting on his strategy, Peter emphasizes the importance of mindset over specific trading strategies, noting that while strategies can be learned, the right mindset is crucial for success.
His preferred trading style revolves around support and resistance levels, focusing on the one-hour timeframe for identifying trade setups and the five-minute timeframe for entry points. Peter’s approach involves waiting for price action confirmation, ensuring disciplined trading aligned with his risk management principles.
Regarding risk management, Peter adheres to a disciplined approach, risking up to 4% of his account per trade, with a daily target of 5% profit. This methodical approach has proven effective for him, providing consistent returns while minimizing potential losses.
When asked about challenges in the industry, Peter highlighted issues with payout delays and transparency at other firms, contrasting it with his positive experience at FundedNext. He commended FundedNext for its efficient operations and transparent processes, which have contributed to his overall satisfaction with the firm.
Peter also offered advice to aspiring traders, stressing the importance of patience and selective trading. He advises traders to avoid overtrading and to wait for high-quality trade setups that align with their strategy.
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