In a recent interview, Peter shed light on his trading journey and his successful experience with FundedNext.
In a recent interview, Peter shed light on his trading journey and his successful experience with FundedNext.
In a recent interview, seasoned trader Peter from Abuja, Nigeria, shed light on his trading journey and his successful experience with FundedNext. With six years of trading under his belt, Peter has honed a strategy focused on support and resistance, using the 1-hour time frame for market analysis and the 5-minute time frame for precise entries.
Peter’s trading journey has not been without its challenges. Initially, he faced difficulties with larger accounts, but he discovered a more effective approach by purchasing smaller accounts in larger quantities. This strategy allowed him to spread risk and reduce pressure, leading to significant success. Out of 10 smaller 15k accounts he bought, Peter passed eight to Phase 2 and secured funding for seven.
Also, Peter emphasizes the importance of mindset in trading success. He notes that while strategies are essential, the right mindset can be a game-changer. His disciplined approach includes risking 4% per trade with a 10% profit target, which has proven effective in managing risk and maximizing returns.
In addition to his trading strategy, Peter has praised FundedNext for its reliable and transparent service. He appreciates the firm’s swift payouts and effective customer support, contrasting it with previous experiences where he faced delays and even account bans from other prop firms.
Peter also highlighted a potential improvement for FundedNext: offering weekly payouts to accommodate traders who prefer more frequent access to their profits.
Overall, Peter’s experience with FundedNext showcases how strategic planning and a strong mindset can lead to substantial success in the trading world. As he prepares to resume trading after a brief break, Peter remains optimistic about continuing his journey with FundedNext.
FundedNext stands as a premier proprietary trading firm with a steadfast commitment to providing unparalleled opportunities and resources for traders to excel in the financial market. The team, consisting of industry veterans, financial experts, and technology enthusiasts, works tirelessly to create innovative solutions that set new standards in trading. FundedNext is dedicated to delivering cutting-edge strategies, developing new technologies, and providing exceptional support, aiming to revolutionize the trading experience for individuals and organizations.
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