How Peter Mastered Trading with FundedNext: A Success Story

In the dynamic world of trading, finding the right strategy and platform can make all the difference. Peter, a seasoned trader based in Abuja, Nigeria, has been navigating the Forex market for six years, and his journey with FundedNext is a testament to persistence and strategic adaptation.

Peter, a graduate of the Federal University of Technology, began his trading career while studying telecommunication engineering. Despite the challenges, he remained dedicated to his goal of becoming a full-time Forex trader. His first major breakthrough in achieving real profit came with FundedNext, a platform he discovered through an Instagram advertisement.

“FundedNext seemed very legit, so I decided to give it a shot,” Peter recalls. “It has been amazing since then.”

How Peter Mastered Forex Trading with FundedNext: A Success Story

Currently holding a $50k account with FundedNext, Peter’s trading approach is centered around support and resistance. He utilizes a combination of the 1-hour and 5-minute time frames to identify and act on trade opportunities. Peter’s strategy involves waiting for a price region where the market fails to break, then entering on a retest once the market confirms the move.

Peter’s risk management strategy is equally meticulous. He risks 4% per trade with a daily limit of 5%, aiming for a 10% target. This disciplined approach allows him to remain patient and avoid the pitfalls of overtrading. “I discovered that buying smaller accounts in larger quantities works better for me,” he explains. “Out of 10 smaller accounts, I was able to pass eight to Phase 2 and get seven funded.”

Peter’s advice to fellow traders is clear: “Don’t rush it. Sometimes, two or three trades a week can be more profitable than trading every day. If you don’t see a good setup, don’t force it.”

Closing Remarks

FundedNext has received high praise from Peter for its swift and transparent payout process. Unlike other prop firms he’s dealt with, FundedNext has provided consistent and reliable service, allowing Peter to focus on his trading without unnecessary delays. Looking ahead, Peter suggests that FundedNext consider offering weekly payouts, as it would be more beneficial for traders like him, who may only take one trade every two weeks.

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