Salmaan, an experienced day trader, recently opened up about his journey in trading, focusing on his experience with FundedNext.
Salmaan, an experienced day trader, recently opened up about his journey in trading, focusing on his experience with FundedNext.
Salmaan, an experienced day trader, recently opened up about his journey in the trading world, focusing on his experience with FundedNext. With a background in trading stocks and shares, Salmaan transitioned into day trading early this year, exploring various strategies and finding his niche in trading gold.
Gold quickly became Salmaan’s commodity of choice, citing its volatility and consistent price movements as ideal for day trading. He spent countless hours observing the market, especially focusing on the one-minute time frame to understand its behavior. Over time, this immersion allowed him to recognize patterns, build confidence, and refine his trading strategy.
In his journey, Salmaan has emphasized the importance of managing both emotions and risk. He acknowledged that trading can easily take over one’s life, but it’s crucial to find balance. He reflected on the mental discipline required, sharing that maintaining a break-even position rather than risking profits was a lesson he learned early on.
Salmaan also discussed his experience with FundedNext, where he was funded on his first account. The process of becoming a funded trader was smooth, and he shared that his first payout of $4K in just two weeks was a rewarding experience. Despite the challenges that came with trading, including blowing his first account, Salmaan remains focused on his goals. He reinvested the money earned from his funded account to open more trading opportunities, demonstrating resilience and a growth mindset.
When asked about his trading strategies, Salmaan explained that he primarily focuses on higher time frames, such as the four-hour and daily charts, to identify key resistance and support levels. He keeps a close eye on gold, taking advantage of its sharp reversals and market fluctuations. He believes that gold’s volatility, especially in the current economic climate, makes it an ideal asset for day trading.
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