In a recent interview, Debanjan, a trader associated with FundedNext, provided valuable insights into his trading journey.
In a recent interview, Debanjan, a trader associated with FundedNext, provided valuable insights into his trading journey.
In a recent interview, Debanjan, a trader associated with FundedNext, provided valuable insights into his trading journey and strategies. Hailing from Kolkata, India, Debanjan has been actively involved in trading for nearly three years, with a recent streak of profitability over the past six to seven months.
Specializing in intraday trading, Debanjan primarily focuses on the GBP/USD currency pair, employing a unique blend of strategies drawn from various sources, including ICT Supply Demand and his personalized approach to market analysis. His method revolves around meticulous analysis of daily, weekly, and monthly closing prices, emphasizing the importance of higher timeframe data.
During the interview, Debanjan showcased his trading approach, highlighting the significance of level-based and direction-based analyses. He elaborated on his process of identifying key price rejection levels and monitoring momentum shifts, often leveraging fundamental factors like economic news to augment his trades.
Debanjan’s risk management practices, learned from prominent figures like Nick Sean, underscore his trading philosophy. He prioritizes managing downside risk over being consistently right, a strategy that has enabled him to maintain profitability despite a modest win rate.
His risk management strategy involves adjusting position sizes based on consecutive trade outcomes, ensuring he protects his capital while capitalizing on favorable market movements. Additionally, Debanjan actively manages his trades, dynamically adjusting stop-loss levels and occasionally adding to winning positions when market conditions align with his analysis.
While primarily trading the GBP/USD pair, Debanjan expressed plans to expand his portfolio to include the USD/CAD pair, backed by thorough fundamental research on the Canadian dollar.
Reflecting on his experience with FundedNext, Debanjan praised the firm’s support and trading environment, citing a seamless transition from personal trading to funded trading.
Want to read about the firm? Click here.
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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