In an exclusive interview with The Trading Pit, Muntaser Abdullah, a full-time employee, shared his remarkable journey to success in the world of trading. Muntaser’s story is a testament to the power of discipline, strategy, and prudent risk management in the trading world.
Muntaser, who holds a stable 9-4 job with a permanent contract, had long harbored a desire to supplement his income. His initial foray into trading was marked by caution, as he was well aware of the inherent risks in the forex market. However, he was determined to explore this avenue for potential financial growth.
The Trading Pit Interview with Muntaser
One of the key takeaways from Muntaser’s success story is the importance of having a well-thought-out trading plan. He adheres to the supply and demand strategy, meticulously selecting entry points and keeping stop losses tight. Muntaser’s approach is grounded in aiming for high profits while maintaining a disciplined risk-reward ratio of 3:1.
What sets Muntaser apart is his specialization in trading gold, a market that has yielded him a string of successful trades. His expertise in this particular commodity underscores the significance of in-depth knowledge and specialization in trading.
Muntaser’s advice to aspiring traders is simple yet profound: patience is key. He emphasizes the importance of staying focused and always keeping long-term goals in sight. This wisdom is especially crucial in the world of trading, where impulsive decisions can lead to significant losses.
Risk management is another critical aspect of Muntaser’s trading strategy. He calculates the size of his positions with precision, taking into account his risk tolerance and the gap between entry and stop loss levels. Muntaser strictly adheres to a risk limit of not risking more than 1/2% of his total capital in a single transaction, a practice that has contributed to his success.
In his experience with The Trading Pit, Muntaser gives the firm a resounding 10/10 rating. He credits the platform for providing him with the tools, resources, and support needed to thrive in the trading world.
Read the full Blog here.
About the Firm
Here are some interesting facts about the firm:
- Scaling plan up to $5,000,000
- Excellent Trustpilot rating of 4.8/5
- Wide range of available trading instruments
- Low minimum trading day requirements of 3 days
- Profit share up to 80% (with scaling)