Salmaan Rashid’s Gold Standard Trading Journey with FundedNext

Featured News: Discover Salmaan Rashid’s trading journey with FundedNext, mastering gold trading and achieving consistent success.

Salmaan Rashid, a determined forex prop trader, has carved out a niche for himself in gold trading. His journey, guided by discipline and strategy, has flourished under the mentorship and tools provided by FundedNext, a rapidly rising prop trading firm.

A Prop Trader’s Beginnings

Salmaan began his trading journey while attending university, where he first dabbled in stocks with his student loan, achieving an impressive 20% ROI within two weeks. “I’ve always been entrepreneurial,” he said, “but moving from traditional stocks to day trading was an entirely new experience.”

Initially drawn by the financial freedom touted online, Salmaan avoided “gurus” and immersed himself in self-study and experimentation. He encountered the pitfalls of trading firsthand, from overconfidence to holding losing positions for too long. However, through these challenges, he refined his risk management skills and honed his trading strategies.

Finding a Comfort Zone in Gold

Salmaan’s trading journey led him to focus on gold, a commodity he found both volatile and reliable. His strategy revolves around higher-timeframe analysis (4-hour and daily charts) and precise one-minute entries. Using reversal and liquidity strategies, Salmaan avoids chasing breakouts and capitalizes on pullbacks and rebalancing opportunities.

Salmaan Rashid’s Gold Standard Trading Journey with FundedNext

Salmaan’s transition to prop trading began with FundedNext, where he quickly proved his mettle. He passed his evaluation phase and earned a $15,000 funded account, turning his first payout into $4,000 within two weeks. “It was a great first experience. The payout was quick, and the support was fantastic,” Salmaan shared.

While he admits to blowing his initial account due to overtrading, Salmaan has recalibrated his approach. “I now prioritize quality over quantity,” he said. “With FundedNext, I’ve learned to be more disciplined, sticking to my strategy and risk management rules.”

The Importance of Mental Resilience

For Salmaan, trading is as much about psychology as it is about skill. He credits his ability to manage risk and emotions to his experiences with prop trading. “Trading teaches patience and humility. Even a dollar profit is better than a loss,” he remarked.

His key takeaway? “Never enter a trade without knowing where you’ll exit—both for-profit and loss. Prop firms like FundedNext enforce rules that build this discipline.”

Looking Ahead

Now armed with multiple accounts and a refined trading strategy, Salmaan is focused on achieving consistency. “I’m still learning,” he said. “In trading, you never stop learning. It’s a journey that continues to humble and teach me.”

As Salmaan continues his journey with FundedNext, his story is an inspiring example of perseverance, strategy, and growth in the fast-paced world of forex trading.

You can watch the video of Salmaan Rashid’s full interview and gain deeper insights into his trading journey with FundedNext.

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