“Always approach the markets with humility, irrespective if you are taking a funded challenge or trading personal capital.”
Meet Ousmane Diallo, a Funded Trader with Funding Frontier. Discover how Ousmane and other traders secured funding and gain insights and tips for a successful trading journey.
What is your trading routine?
My trading routine is very simple. I analyse the pairs that I usually trade on my watchlist and set alerts at key levels. I then step away from the charts and wait for my alerts, to execute my trade. If I don’t receive any notifications, I carry on with my day as usual. You should always “Plan your trade, and trade your plan!”
What are your goals with funded trading?
I try to make about 5% per month. However, it is important to be dynamic in the market and take whatever it gives you. Profits are never guaranteed.
Do you have a trading plan in place, and do you strictly follow it?
My trading plan is mainly around analysing key levels and market structure and trading in those higher timeframe zones. I also try to look at key news events and incorporate that into my trading, so I know how to enter and manage my positions around these times.
What was the most challenging obstacle in your trading journey?
Like many others, I experienced the greatest difficulties at the beginning of my trading journey. I found it very difficult to accept my losses. However, I improved my trading discipline by ensuring that I only took trades that matched my trading plan. This has improved my psychology and stress levels significantly.
What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts.
The verification phase. I knew the major hurdle was over in the challenge phase and I just needed to stay disciplined and patient to get funded.
How would you rate your experience with FUNDING FRONTIER?
Great experience overall! Funding Frontier, as a new firm, really has a personal relationship with their traders from my experience. Their support has been good and my profit split was paid immediately.
What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
My advice is to always approach the markets with humility, irrespective if you are taking a funded challenge or trading personal capital.
Specifically with regards to funding challenges, my advice is to set a realistic profit objective. Once you achieve it, just wait for your payday.
Whilst waiting for your payday, I like to scale up my capital by taking another challenge as I already know that I am profitable and will be receiving my pay-out in a few days. I try to follow this cycle.
Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Definitely! I already started my second challenge whilst waiting for my profit split.
Describe your best trade:
I don’t necessarily have a single best trade. Personally, I consider a good trade one where I followed my plan to the tee, irrespective of the outcome. I think this is a mindset and approach many struggle with.
What is the number one piece of advice you would give to a new trader?
My advice is to first study a strategy with an edge, and have an understanding of the markets before diving into live trading or funding challenges. Back test your strategy as this will give you the confidence to trust your plan and stick to it in the long run.
How did you first hear about FUNDING FRONTIER?
I heard about Funding Frontier through Raja Banks!
Can you describe your risk management plan?
I stick to the simple lesson Raja Banks preaches: “1 to 2 trades a day, and I risk between 1% to 1.5% per trade. Less is more in trading!”
In closing, we extend our sincere gratitude to Ousmane for sharing his valuable insights and experiences as a Funded Trader with Funding Frontier.
We appreciate his candid responses and wish him continued success as he works toward his ambitious funding goals.
To all our viewers and traders, we hope you found this interview informative and insightful.
If you have any further questions or wish to explore funded trading opportunities with us, please don’t hesitate to reach out. Thank you for being a part of our trading journey.
Stay tuned for more interviews and trading tips from Funding Frontier.
Wishing you all profitable trades and a prosperous trading journey ahead!