FundedNext Trader Kiran Interview: Dentist or Trader?

Soumya Kiran Nayak, a 22-year-old from India, has successfully balanced his studies in dentistry with a burgeoning career in trading. In an exclusive interview, trader Kiran shared his journey, strategies, and tips for aspiring traders and credited his success to FundedNext.

“I was totally unaware of trading two years ago. One of my friends introduced me to it, and he taught me the basics, including the fundamentals and technical aspects. His experience and guidance were crucial in my development as a trader,” Soumya explained.

Soumya focuses primarily on trading metals, especially gold and silver, along with a few GBP pairs. He employs a strategy based on key levels of support and resistance without relying heavily on indicators. “I trade key levels that act as both support and resistance, which gives me precise entries,” he noted.

FundedNext Trader Kiran Interview: Dentist Turned Into a Trader!

He identifies key levels using psychological numbers and Fibonacci retracement levels. For instance, he recently executed a buy trade at the 1925 zone, a psychological number that also aligns with the 38% Fibonacci retracement level.

When it comes to risk management, Soumya adheres to a disciplined approach. He typically risks 1-2% of his account per trade, sometimes going up to 3% during challenges. His risk-to-reward ratio usually ranges from 1:1 to 1:3, depending on the trade setup.

Soumya expressed his satisfaction with FundedNext, highlighting the firm’s user-friendly environment, competitive spreads, and reliable customer support. “FundedNext provides a great platform with good spreads and customer support. I feel very comfortable trading here, and I hope to see them at the top in the future,” he said.

For those struggling to pass trading challenges, Soumya emphasized the importance of patience and strong psychological resilience. “Keep patience, believe in yourself, and strengthen your psychology. This is crucial for long-term success. Always keep learning and practicing,” he advised.

Here is the Full Interview:

About the Firm

FundedNext is a proprietary trading firm with the legal name GrowthNext F.Z.C that was incorporated on the 18th of March, 2022. They are located in Dubai, United Arab Emirates. FundedNext provides traders with the opportunity to choose between six account types, three two-step evaluations, and three one-step evaluations.

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