In an exclusive interview with The Funded Trader (TFT), accomplished trader Munir from Singapore provided insights into his trading journey.
In an exclusive interview with The Funded Trader (TFT), accomplished trader Munir from Singapore provided insights into his trading journey.
In an exclusive interview with The Funded Trader (TFT), accomplished trader Munir from Singapore provided insights into his trading journey, shedding light on his experiences, lessons learned, and current strategies. TFT has supported Munir with a $100,000 fund, resulting in a substantial payout of $23,000.
Munir’s journey into trading began in 2008, initially exploring Forex trading with traditional indicators. However, a pause in 2010 due to losses did not deter him. Inspired by the changing landscape of trading, especially on platforms like YouTube and social media during the COVID-19 period, Munir reignited his passion for trading.
During the interview, Munir shared a memorable experience from his early trading days, recounting a significant loss during an NFP (Non-Farm Payroll) event. Despite initially profiting $3,000, a misstep led to an early exit, triggering a chain of events resulting in a substantial loss. This experience emphasized the importance of discipline, control, and the impact of emotions in trading.
Munir emphasized his preference for simplicity in trading, employing strategies centered around support and resistance, trend lines, and weekly chart analysis. He primarily focuses on trading gold, transitioning from multiple currency pairs to streamline his approach. Munir elaborated on his risk management strategy, targeting a minimum of 1:1 to 1:3 risk-reward ratios, with a swing trading approach complemented by a mix of technical analysis and intuition.
When questioned about his biggest trades and losses, Munir highlighted the unique structure of funded accounts, where a 5% drawdown limit prevents substantial losses. He reflected on a memorable real money loss, a pivotal moment that led to a significant withdrawal and shaped his trading mindset.
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The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.
MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
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