In a recent FundedNext exclusive interview, the skilled trader Otabek Mambetov shed light on his remarkable journey in the world of trading. With an impressive track record and valuable experience, he offered key insights into his strategies and philosophy.
Otabek’s approach to trading is grounded in solid risk management. He emphasized the importance of stopping losses as an integral part of the trading process. He explained that losses are an inherent aspect of the profession, and traders should maintain discipline in their risk management strategies.
FundedNext Exclusive Interview with Otabek Mambetov
One of Otabek’s secrets to success is his patience when identifying optimal entry points. He focuses on demand and supply zones and employs buy and sell limit orders. By waiting for price movements that align with his strategy, he aims for high-reward opportunities.
Otabek discussed dealing with drawdowns, emphasizing the psychological aspect of trading. He recalled his early struggles, which included a significant drawdown that taught him valuable lessons. He encouraged traders not to rush their trading goals and advised them to maintain a strong psychological mindset.
Otabek also shared his experiences with FundedNext, an evaluation and funding platform for traders. While praising the favorable spreads and trading conditions offered, he noted that better communication channels with account managers could enhance the overall experience.
In closing, Otabek offered advice to aspiring traders. He stressed the importance of discipline, risk management, and patience in achieving success. He encouraged traders not to be discouraged by initial setbacks and to focus on refining their strategies and psychological resilience.
You can see the full interview here:
About the Firm
FundedNext offers forex traders up to $300,000 funds to financially empower them and help them earn full-time while also being able to scale further. Depending on their preferences, traders can choose from four funding program options: evaluation model, express model, one-step Stellar challenge, and two-step Stellar challenge.