FundedNext recently conducted an interview with Parham Rastizadeh, a promising trader who has successfully navigated the challenges.
FundedNext recently conducted an interview with Parham Rastizadeh, a promising trader who has successfully navigated the challenges.
FundedNext recently conducted an interview with Parham Rastizadeh, a promising trader who has successfully navigated the challenging waters of cryptocurrency and precious metal trading. Parham, originally from Iran and now residing in Toronto, Canada, shared his journey and insights, providing valuable lessons for aspiring traders.
Parham, 25, embarked on his trading journey at the age of 18 when he first encountered the burgeoning world of cryptocurrencies. “When crypto was trending, I heard about Bitcoin and signed up on an exchange. It was an amazing, new experience,” he recalled. Despite initial losses, he persisted, coupling his trading with academic pursuits in anthropology.
Parham emphasized the importance of emotional control in trading. “If you can handle your emotional situation, fear, and greed, you can make a profit. It’s about mindset,” he noted. His approach to trading is intuitive, relying on candle patterns, social media trends, and overall market sentiment.
Currently, Parham primarily trades gold and Bitcoin, occasionally dabbling in other altcoins. “I try to focus on gold. It’s sweet for me,” he said, highlighting the volatility and profit potential of this precious metal. His typical trading strategy involves risking 1% of his account per trade and aiming for high reward ratios to compensate for a win rate below 50%.
Parham uses a combination of MetaTrader and TradingView for his trades, preferring instant positions over limit orders. His strategy includes turning off distractions like his phone to maintain focus and discipline. “Sometimes nobody can help you; just turn off your phone. It’s the way,” he advised.
Parham expressed high satisfaction with FundedNext’s platform and support. “The support is fantastic. Whenever I need something, they help me. It’s a very good experience,” he said. He also appreciated the timely payouts and the platform’s provision for trading cryptocurrencies like Bitcoin.
FundedNext is proud to support traders like Parham Rastizadeh, who exemplify resilience and strategic thinking in the trading world. His story is a testament to the importance of emotional control, disciplined trading practices, and the value of a supportive trading platform.
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