Peter Mamza recently shared his journey to success and the strategies that have propelled his career with FundedNext.
Peter Mamza recently shared his journey to success and the strategies that have propelled his career with FundedNext.
Peter Mamza, a seasoned Forex trader hailing from Abuja, Nigeria, recently shared his journey to success and the strategies that have propelled his career with FundedNext.
With a background in telecommunications engineering from the Federal University of Technology, Peter has been actively trading for six years. He credits his breakthrough to a combination of disciplined strategy and a resilient mindset, which are crucial factors he believes differentiate successful traders from the rest.
Peter’s trading strategy revolves around exploiting the volatility of gold, his preferred asset due to its rapid movements. “I thrive on quick trades, preferring not to hold positions for more than a day,” he revealed. His method involves meticulous analysis of support and resistance levels, waiting patiently for opportune moments to enter and exit trades.
A bold risk manager, Peter adheres to a strict 4% risk per trade within FundedNext’s 5% daily limit. He also aims for a 10% target profit on most trades. His unconventional approach to prop accounts involves purchasing multiple smaller accounts instead of a few larger ones. “I bought ten 15k accounts, intending to phase them over two weeks—achieving funding for seven out of eight to Phase Two,” he explained.
Reflecting on his journey, Peter advised aspiring traders to prioritize quality over quantity in their trades. “Patience and discipline are key; rushing often leads to setbacks,” he emphasized. He also suggested that FundedNext consider implementing weekly payouts to better support traders like himself who prefer longer-term trade management.
Peter commended FundedNext for its transparent operations and efficient support. “Unlike my past experiences with other firms, FundedNext has been reliable and hassle-free,” he noted. His positive encounter underscores the firm’s commitment to fostering a conducive environment for traders to thrive.
Peter Mamza’s success story serves as inspiration for aspiring traders, highlighting the importance of a strategic mindset, disciplined risk management, and innovative trading approaches in achieving consistent profitability. His partnership with FundedNext exemplifies the firm’s dedication to empowering traders with the tools and support needed to succeed in the competitive Forex market.
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