Peter, a seasoned trader from Abuja, Nigeria, shares his remarkable journey and experience with FundedNext in an interview.
Peter, a seasoned trader from Abuja, Nigeria, shares his remarkable journey and experience with FundedNext in an interview.
In the competitive world of trading, finding the right strategy and platform can make all the difference. Peter, a seasoned trader from Abuja, Nigeria, shares his remarkable journey and experience with FundedNext in an interview, shedding light on his successful trading career.
Peter has been trading for six years, balancing his passion for Forex with his academic background in telecommunication engineering. His journey, however, wasn’t without challenges. Despite starting out with a strong strategy, it wasn’t until he discovered FundedNext that his trading took a significant turn for the better.
“When you try to go too fast, you go backward,” Peter reflects on his early struggles. “Sometimes I feel like I have it under control, but then one loss can set you back.” His breakthrough came when he adopted a new mindset, focusing on patience and strategic risk management.
Peter’s trading strategy primarily revolves around support and resistance. He uses the 1-hour time frame to identify critical market regions and the 5-minute time frame to enter trades based on breakouts and retests. This approach has proven effective, especially when trading gold, a favorite due to its volatility and potential for quick profits.
FundedNext has played a crucial role in Peter’s recent success. “I saw the ad on Instagram and decided to give it a shot,” he says. “It has been amazing since then.” With a current 50k account, Peter has successfully transitioned from larger accounts to managing multiple smaller accounts. This method not only reduced pressure but also allowed him to achieve more consistent results.
Peter’s risk management strategy involves risking up to 4% per trade with a daily limit of 5%. This approach, combined with a disciplined mindset, has enabled him to stay profitable even during challenging times.
One of Peter’s key pieces of advice for other traders is to avoid rushing. “Don’t rush it,” he advises. “Sometimes, two or three trades a week can be enough. The market will show you what you need, so don’t force it.”
Peter also suggests that FundedNext consider offering weekly payouts. “Waiting for two weeks to access profits can be draining,” he explains. “A weekly payout would be more helpful for traders like me.”
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