In an exclusive interview, Gursant Singh, a part-time trader based in India, provides valuable insights into his journey with FundedNext.
In an exclusive interview, Gursant Singh, a part-time trader based in India, provides valuable insights into his journey with FundedNext.
In an exclusive interview, Gursant Singh, a part-time trader based in India, provides valuable insights into his journey with the firm FundedNext. Gursant shares his trading strategies, risk management techniques, and the steps he took to secure funding through the platform, serving as an inspiration for aspiring traders worldwide.
Gursant Singh hails from Chandigarh, India, and works as an SAS administrator for a Norwegian-based MNC organization. His trading journey began three years ago in the forex markets, initially focusing on major currency pairs. However, Gursant diversified his trading portfolio over time to include assets like Dow Jones, NASDAQ, gold, and other majors. His trading style revolves around higher timeframes, aligning with his part-time availability, as he draws support and resistance levels on daily charts and waits for price confirmation before entering trades.
After passing both phases of FundedNext’s evaluation program within approximately one and a half months, Gursant received a funded trading account. He shares his early success, having already withdrawn funds three times, emphasizing that it’s just the beginning of his journey. He acknowledges the importance of adhering to the platform’s rules and regulations, steadily gaining confidence as he becomes more accustomed to trading with a funded account.
Gursant’s trading strategy is meticulous and rooted in a multi-timeframe analysis approach. He marks key support and resistance levels and reads price action to determine entry and exit points.
He emphasizes the importance of trading during the U.S. session due to its high volatility, aligning with his part-time availability. Gursant also monitors news events related to GBP during the UK session, recognizing their potential impact on his trades.
Gursant’s risk management strategy is based on a strict rule of not risking more than 1% of his trading account on any single trade. This disciplined approach is backed by the use of stop-loss and take-profit orders, ensuring a proper risk-reward ratio of at least 1:2 or higher.
Here is the full Interview:
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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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