FundedNext Trader Spotlight: Chileshe Kangwa’s Path to Success

Chileshe Kangwa, a rising trader in the trading world, has been sharing insights into his impressive trading journey with FundedNext. Currently based in Chinga Province, Zambia, Kangwa has been honing his trading skills for the past four years, navigating both the highs and lows of the financial markets. 

In a recent interview with FundedNext, Kangwa gave an inside look into his trading strategy and personal growth. “The journey has been quite tough. It’s been a good journey, full of ups and downs. But at least we’re seeing the fruits of persistence at the moment,” he shared.

Though Kangwa is a scientist by profession, with a degree in biomedical sciences, he turned to trade as a part-time pursuit. His current strategy centers around the Forex market, where he actively monitors 28 currency pairs. Kangwa has developed a unique swing trading style, analyzing market trends from the monthly time frame down to the 15-minute chart for execution. He focuses on impulse and correction patterns and uses key levels to determine areas of value for his trades.

FundedNext Trader Spotlight: Chileshe Kangwa’s Path to Success

He explained, “I start analyzing from the monthly time frame, then I go down to the daily chart, adjusting my trend lines to capture key levels. I use these levels to assess the market’s next move.”

Kangwa has a solid understanding of market behavior and the importance of patience in trading. He shared that he looks for specific setups, such as corrective and impulsive moves, to determine whether the market will continue or reverse. By using these patterns, he places pending orders for optimal entry points and targets high-risk-reward trades.

When asked about his trade management, Kangwa mentioned, “I risk about 0.2% of my account per trade, and my typical risk-reward ratio is 1:3, sometimes even going beyond that depending on the market conditions.”

His favorite trading instrument is the GBP/JPY (GJ) pair, which he believes tends to make bigger moves once it breaks key levels, offering great potential for profit.

Kangwa emphasized that his swing trading approach aligns well with his other commitments, as it allows him to trade without the need for constant market monitoring. “Swing trading gives me time to analyze the charts at night or over the weekend. I can also analyze at my own pace and place trades when the market meets my criteria,” he explained.

Closing Remarks

Kangwa also mentioned some features he would like to see from funded platforms, including the removal of the 10% additional charge for swap-free accounts, which can be burdensome for swing traders who rely on holding positions longer.

As a funded trader with FundedNext, Kangwa’s story is one of resilience and determination. His advice to traders just starting out: “Patience and persistence are what will take you to the next level in trading.”

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