Salmaan Rashid, a successful trader with FundedNext, recently shared his trading journey and strategies. Read about it.
Salmaan Rashid, a successful trader with FundedNext, recently shared his trading journey and strategies. Read about it.
Salmaan Rashid, a successful trader with FundedNext, recently shared his trading journey and strategies. Rashid started trading during his university days, initially investing in stocks like Nvidia and Netflix, where he saw a 20% return in two weeks. However, his true passion for trading developed in 2024 when he shifted to day trading, with a special focus on gold.
Gold, known for its volatility, became Rashid’s asset of choice due to its patterns and his growing understanding of its movements. “I’ve learned so much about myself through trading,” he says. “It teaches you emotional control, patience, and strategy.” He explained that by studying market reactions across timeframes, particularly the one-minute and four-hour charts, he gained confidence in identifying key entry points.
A key lesson Rashid emphasized is the importance of managing losses. “A dollar profit is better than a dollar loss,” he notes, stressing the need to cut losses early before they spiral. Early in his career, Rashid found himself letting profitable trades turn into losses, but he has since developed discipline in securing profits and minimizing risk.
Rashid’s experience with FundedNext has been positive, as he got funded on his first attempt with a $15K account. His first payout was $4K within two weeks. He credits his success to the firm’s reasonable pricing and bi-weekly payouts, which allow him to reinvest in more accounts.
As he continues to refine his trading strategies, Rashid’s advice for fellow traders is simple: “Stay patient, stick to your strategy, and manage your risk. With the right mindset and discipline, you can succeed in the markets.”
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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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