In an intriguing revelation with The Funded Trader, Munir, a distinguished trader from Singapore, shares his extraordinary trading journey, offering valuable insights into the hurdles and victories that have sculpted his path to success. Munir, endowed with a $100,000 funding by TFT, has achieved a notable payout of approximately $23,000. The conversation, led by Kenta, delves into Munir’s origins, his initial foray into trading, and the critical moments that have defined his career in trading.
Munir’s trading adventure began in 2008-2009 with Forex, utilizing traditional indicators. After a pause following losses in 2010, the COVID era rekindled his interest, adapting to the evolving trading environment through online platforms and social media. Through various trading firms, Munir eventually found his perfect match in TFT, drawn by its competitive pricing and dependable payouts.
Insights from Munir’s Trading Experience: Navigating Greed and Fear
Reflecting on a poignant episode from his early trading days, Munir shares a tale from an NFP (non-farm payroll) night that became a critical learning curve due to a mix-up with his wife, leading to an unintended trade exit. This incident imparted valuable lessons on greed and the fear of missing out (FOMO).
Munir points to consistency as his ongoing battle, constantly juggling between confidence and doubt. He discusses strategies to surmount this challenge, emphasizing a disciplined routine. Furthermore, Munir underlines risk management as a pivotal aspect of trading, introducing a trade analyzer tool that assists in assessing potential risks, losses, and profits effectively.
To combat FOMO, Munir has implemented a system of setting daily, weekly, and monthly targets. Meeting his daily objective serves as a deterrent against unnecessary trades, fostering a disciplined and methodical approach.
About TFT: A Glimpse into Its Unique Offerings
- Initial payout in just 7 days with the Knight & Dragon Challenge.
- Options for weekly & bi-weekly payouts.
- Profit shares ranging from 75% to 95%, depending on the challenge.
- Permissibility of overnight holdings.
- Swing accounts accommodate weekend holding & news trading.
- The Dragon Challenge presents an affordable entry point.
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