Funding Pips Trader Waqas Shares Secrets to Consistent Success

Funding Pips recently had the pleasure of interviewing Waqas, an accomplished trader, who shared his inspiring journey from a novice to a successful trader. Waqas, who currently works in the Middle East, has been trading for over two years after initially encountering losses due to a lack of proper knowledge.

Starting out with minimal understanding, Waqas lost a substantial amount of money early on, but this setback became a turning point. “I realized the importance of risk management,” he said. After learning the fundamentals and honing his trading skills under the mentorship of Sayad Farz, Waqas began his path to success.

Funding Pips Trader Waqas Shares Secrets to Consistent Success

He initially faced challenges passing phase two of trading challenges, but persistence and continuous learning led to his breakthrough. “It took me a year of consistent effort to pass the phase two challenges, and I finally started taking small payouts,” Waqas explained. He attributes his success to a disciplined approach, focusing on proper risk management and analyzing both technical and fundamental market factors.

Waqas emphasizes that risk management is key. He trades with a fixed lot size according to his account size and always ensures that his stop losses are well-calculated based on major support and resistance levels. “Controlling risk, not just making profits, is the objective,” he noted.

His strategy involves using a combination of technical analysis on lower timeframes, such as the 30-minute chart, along with fundamental analysis to guide his trades. Waqas also prefers to trade in the Asian session, capitalizing on low-risk opportunities during this time.

After working with Funding Pips and becoming a funded trader, Waqas has moved from trading a $10K account to a $100K account, achieving consistent payouts along the way. He credits his success to Funding Pips’ user-friendly platform, particularly its switch to MatchTrader, which he finds easier to navigate than MetaTrader.

Closing Remarks

Looking ahead, Waqas plans to transition to full-time trading by 2025. With a clear financial target in mind, he aims to achieve financial independence and the flexibility to trade while traveling as a digital nomad.

Waqas’ journey serves as an inspiring reminder that persistence, risk management, and a clear strategy are essential for success in trading. His story proves that with the right mindset and approach, traders can overcome obstacles and achieve long-term success.

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