Exclusive Interview: Nikolay Shares Insights with FundedNext

In an exclusive interview with FundedNext, seasoned trader Nikolay Petrov revealed his trading strategies and insights.

Home » Exclusive Interview: Nikolay Shares Insights with FundedNext

In an exclusive interview with FundedNext, seasoned trader Nikolay Petrov revealed his trading strategies and insights, shedding light on his approach to navigating the Forex market.

Hailing from Bulgaria, Petrov has been actively trading since 2017, specializing primarily in Forex markets while also dabbling in stock investments. Emphasizing simplicity in trading strategies, Petrov shared that over his six-year journey, he experimented with various indicators and complex methods before realizing the power of simplicity.

Petrov’s strategy revolves around focusing on one currency pair and one timeframe, waiting for class A setups to emerge. He pays close attention to session opens, particularly during London and New York sessions, identifying key levels such as session highs and lows to gauge market sentiment.

Exclusive Interview: Nikolay Petrov Shares Forex Insights with FundedNext

During the interview, Petrov walked through a recent Euro/Dollar trade setup, highlighting the importance of patience and adaptability. He stressed the significance of not having a daily bias and letting the market dictate the direction of trades.

When asked about trade management, Petrov emphasized the need to manage emotions and avoid micromanaging trades. He outlined his approach of letting trades play out without constantly adjusting stop-loss levels, instead focusing on higher timeframe levels for validation.

Additionally, Petrov discussed the importance of protecting profits by scaling out of positions when necessary, especially during prolonged trades.

Overall, Petrov’s insights provide valuable lessons for traders looking to streamline their approach and achieve consistency in the markets. Stay tuned for more updates and insights from FundedNext traders as they continue to navigate the dynamic world of trading.

Key Points

  • Nikolay Petrov, a seasoned trader with FundedNext, shares insights on navigating the Forex market in an exclusive interview.
  • Originating from Bulgaria, Petrov has honed his trading skills since 2017, primarily focusing on Forex and occasionally exploring stock investments.
  • Petrov advocates for simplicity in trading strategies, having realized the effectiveness of straightforward approaches after experimenting with complex methods.
  • His strategy centers on focusing on one currency pair and timeframe, awaiting optimal setups, and closely monitoring session opens for market sentiment.

Want to read about the firm? Click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Subscribe to our Weekly Newsletter

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.