Meet Zia Ul Haq, a Funded Trader with Funding Frontier. Discover how Zia and other traders secured funding and gain insights and tips for a successful trading journey.
Zia Ul Haq’s Funded Account Statistics:
What is your trading routine?
I primarily trade during the New York session, focusing mostly on XAUUSD. My daily routine involves dedicating a maximum of one hour to analysing charts. If there are no trade setups, I place trade alerts.
What are your goals with funded trading?
My goal is to secure more than $400,000 in funding by the end of this year.
Do you have a trading plan in place, and do you strictly follow it?
Yes, I base my trading strategy on support and resistance levels, primarily on the 1-hour and 4-hour timeframes. I adhere strictly to market structures on higher timeframes, employing a simple, naked price action approach. My trade alerts are strategically placed at potential key support and resistance zones, which I follow rigorously.
What was the most challenging obstacle on your trading journey?
A: Patience was my greatest challenge, especially since I trade on the 1-hour and 4-hour timeframes, where patience is crucial. Initially, I would get caught up in the volatility of lower timeframes. However, over time, I mastered patience and stuck with my trading plan, focusing on higher timeframes.
What was easier than expected during the FUNDING FRONTIER Challenge or Verification phase?
I found the Funding Frontier challenge phase to be easier than anticipated, thanks to the 7.5% profit target rule, combined with a 10% total drawdown and 5% daily drawdown limit. The 7.5% profit target made it more achievable compared to other prop firms with higher targets of 8% or 10%.
How would you rate your experience with FUNDING FRONTIER?
A: My experience with Funding Frontier has been exceptionally smooth. The support team is highly responsive, and the transition from the challenge phase to verification happened seamlessly. I received my pay-out within just one hour on my pay-out date. I would rate my experience a solid 10/10.
What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
I would advise fellow traders to take their time when attempting the challenges. Funding Frontier imposes no time limits, and the 7.5% profit target, along with the 10% drawdown limit, is quite fair. Avoid rushing with just one or two trades; instead, wait for A+ trade setups based on price action and execute when they align.
Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Absolutely! My $10,000 funded account is just the beginning. I have plans to scale up my accounts to achieve full funding with $400,000 through Funding Frontier. Currently, I’m up 7.3% on my account after receiving my first pay-out, so I’m definitely aiming for larger capital.
Describe your best trade
A: On my funded account, I made a profit of $109 by shorting XAU/USD. It was a clean short trade in line with my trading plan, resulting in a 1.09% gain. What made this trade special was that I had my stops placed above resistance and was able to scale into the trade as it moved in my favour while also moving my stops to breakeven.
What is the number one piece of advice you would give to a new trader?
Success in forex trading hinges on patience and emotional management. These qualities are absolutely crucial for achieving success. Remember, the market rewards patience!
How did you first hear about FUNDING FRONTIER?
A: I first learned about Funding Frontier through a friend who successfully completed a challenge and secured funding.
Can you describe your risk management plan?
A: My risk management plan involves keeping my risk per trade between 0.5% to 1%, ensuring that I never have more than three open trades simultaneously. Before entering a trade, I calculate my position size based on my maximum risk of 0.5% to 1% and the distance between my entry and stop loss levels. This approach helps me maintain control over my emotions.
In closing, we extend our sincere gratitude to Zia Ul Haq 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!