Ibukun, a Computer Engineering student and a rising trader, recently shared his experience and insights on trading with FundedNext in an interview. With over 15 months of trading experience, Ibukun has found a strategy that works for him, and he is eager to share his journey with the trading community.
In an interview, Ibukun revealed that he began his trading career in January of last year, focusing primarily on gold. He said, “I love the volatility of gold. I trade across multiple sessions, but mainly during the London and New York sessions, depending on when my setup appears.”
Ibukun uses a unique strategy called Frequency and Recency (F&R), which revolves around support and demand zones. His approach is to mark the recent highs and lows on the four-hour chart and then look for confirmation on the one-hour chart before entering a trade. “If the price doesn’t break out of the zone, I buy back into the range,” he explained.
Interview: Ibukun Shares His Trading Strategy with FundedNext
Ibukun also shared some of his trading rules, emphasizing the importance of a solid risk-reward ratio. “I aim for at least a 1:3 risk-reward ratio on all my trades. If I don’t see that potential, I simply don’t take the trade,” he noted. He manages his risk carefully, capping his daily risk at 3%, and once that limit is hit, he walks away for the day.
While Ibukun has experienced the usual ups and downs of trading, he learned a valuable lesson after over-leveraging and breaching a previous account. “I was trying to recover from a drawdown, and I over-leveraged. That’s when I learned the importance of staying calm, no matter what. Now, if I lose 3%, I close my charts and step away.”
Despite challenges, Ibukun praised FundedNext for their support and quick payouts. “The spreads on gold are stable, even during news events, and the customer support is top-notch. They’ve been very responsive, usually within 10 minutes. I’m really happy with the service,” he said.
Ibukun’s advice to fellow traders aspiring to get funded? “Keep going and make sure you’re doing the right thing. There’s no secret to passing a prop firm evaluation—just follow your trading plan, and you’ll get funded.”
About the Firm
FundedNext offers forex traders up to $300,000 funds to financially empower them and help them earn full-time while also being able to scale further. Depending on their preferences, traders can choose from six unique funding program options, which consist of three two-step evaluations and three one-step evaluations.
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