It’s a marathon not a sprint

“Success is achieved through steadfast adherence to a well-structured plan, demonstrating discipline and resilience in the face of market fluctuations.”

Meet Malik Umar, a Funded Trader with Funding Frontier. Discover how he and other traders secured funding and gain insights and tips for a successful trading journey.

Please introduce yourself: Who you are, your age, where you are from and what you do for a living?
I am Malik Umar, a 25-year-old originally from Pakistan, currently living in Saudi Arabia. I am currently running my own private business as my primary source of income.

What is your trading routine?
My trading routine typically involves executing trades during the London open when the market volume is at its peak. This allows me to identify opportunities with a clear market structure and avoid potential manipulations.

What are your goals with funded trading?
My primary goal with funded trading is to dedicate more time and effort towards refining my trading skills and achieving greater success in the financial markets. Additionally, I aim to gain larger funded accounts soon, as trading holds significant importance in my career goals.

 

Do you have a trading plan in place, and do you strictly follow it? Please elaborate
Yes, I have a clear trading plan in place which involves strategies such as SMC & SRC. I adhere to my trading plan strictly, even in the face of consecutive losses. This discipline ensures consistency and resilience in my trading approach.

 

What was the most challenging obstacle in your trading journey?
The toughest obstacles in my trading journey were overtrading and revenge trading. Despite maintaining strong risk management and conducting thorough analyses, these behaviors slowed my path to profitability. Overcoming this weakness was important in transforming me into a consistently profitable trader.

What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts:
Thinking back to the Challenge and Verification phases, I found the Challenge phase more manageable. The Verification phase was more difficult due to the heightened pressure and fear of potential losses.

How would you rate your experience with FUNDING FRONTIER?
My experience with FUNDING FRONTIER has been exceptional. While I have explored other proprietary trading firms, they have yet to match the level of satisfaction I’ve found with FUNDING FRONTIER.

What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
To fellow traders starting their FUNDING FRONTIER Challenge, I would emphasize the importance of risk management and patience.
Wealth accumulation is a gradual journey and does not happen overnight. Success is achieved through strict adherence to a well-structured plan, showing discipline and resilience in the face of market fluctuations.

Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?Certainly, I hope to progressively acquire more FUNDING FRONTIER Challenges to handle larger capital. However, I believe in a methodical approach and plan to slowly scale up. My immediate goal is to pass a $50,000 account, followed by a $100,000 account and potentially a $200,000 account as I accumulate sufficient pay-outs and show consistent performance.

Describe your best trade.
My best trade was a strategy that capitalized on a clear market opportunity, resulting in large profits. Through careful risk management and good timing, I executed the trade with confidence, maximizing returns while minimizing potential downsides.

What is the number one piece of advice you would give to a new trader?
For new traders, my best advice would be to avoid investing more capital than they can afford to lose. I also strongly recommend thoroughly back-testing your trading strategy before executing any trades. This disciplined approach helps reduce risk and enhances the likelihood of success.

How did you first hear about FUNDING FRONTIER?
My initial introduction to FUNDING FRONTIER was through a friend who had successfully secured funding through the platform.

Can you describe your risk management plan?
My risk management plan involves both dynamic and static approaches, for this I use Smart Raja Concepts. While SRC offers two types of risk management strategies, I mainly use dynamic risk management due to its flexibility and adaptability. This approach allows me to adjust my risk in real time based on market conditions, improving my ability to navigate fluctuations effectively and preserve capital.

In closing, we extend our sincere gratitude to Malik 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!