The Funded Trader was established on May 12, 2021. As their brokers, they have agreements with Eightcap and Purple Trading Seychelles. By managing account sizes up to $1,500,000 and taking home profit splits up to 90%, traders can generate high profits.
Their main office is 14001 West Highway 29, Suite 102, Liberty Hill, Texas 78642.
The Funded Trader Interview with traders
The Funded Trader shared another interview with one of its successful traders, Meeran. Meeran was born and raised in Kurdistan, Iraq. He first got into trading in 2008. He experimented with numerous indicators, robots, Fibonacci, and other things.
Meeran firmly believes traders should avoid supply and demand and instead look into smart money concepts. He tries to convince people that mastering the higher time frame should be their priority because the direction and the daily bias are crucial. Many younger traders won’t do that; instead, they’ll either move the stop or hold onto the trade, resulting in the account’s liquidation.
Playing probabilities and repeatedly examining the same setups is the ultimate game.
The traders advised that traders must be in the market at specific times. The London open Asian range predicts what the market will do. The first time during the day when they can get a hint as to where the market will go for the day, traders need to be aware of the Asian session. He tries to convey to people that a simple thing takes time, like anything in real life.
He is in Iraq, where they don’t have a banking system; it’s all cash or crypto. The Funded Trader’s administration and customer service impressed him because everything happened quickly. He likes the fact that The Funded Trader has built a community.
He believes that risk-reward is being discussed more and more as traders become more educated. People are beginning to understand that they need to know what they will receive in return from a trade before they enter one.
When the dollar goes up, pretty much everything comes down, even if it’s a good thing. He shared that if your GBP is strong and the dollar is bullish, he is selling the pound. He wants to know which one is weaker, and by looking at EUR/GBP, he can find that out. On Friday, traders will spike the price up, so it seems like a continuation, and then they’ll bring it back down for the week. Too many people are on the sidelines for profit. He waits for Mondays to show him if his bias is right, and he is looking for the reversal.
His entire strategy, which he tries to keep very straightforward, is to buy and sell above external and internal liquidity in some areas of interest that are premium or discounted.
He constantly keeps an eye on fundamentals and seasonal trends because traders need to keep an eye on the CPI, given the current state of the US economy and inflation.
For complete Insight, watch the video:
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