Soumya Kiran Nayak, a 22-year-old dentistry student hailing from India, recently shared his burgeoning success in the world of trading. In a FundedNext trader interview, Soumya disclosed his journey into trading, crediting a friend for introducing him to the intricacies of the market. Over the past two years, Nayak has developed a keen focus on trading metals, particularly gold, and a selection of GBP pairs.
FundedNext Trader Soumya Interview
Nayak’s trading strategy revolves around identifying key levels, support and resistance zones, and strategic entry points. During the interview, he demonstrated his meticulous approach, emphasizing psychological numbers and Fibonacci retracement in his decision-making process.
Discipline and risk management are at the core of Nayak’s trading philosophy. He typically risks 1% to 2% of his account and stresses the importance of patience and a strong psychological mindset for sustained success.
FundedNext, the firm through which Nayak conducts his trades, received a commendation for providing a comfortable and transparent environment. Nayak expressed satisfaction with FundedNext, highlighting its role in his successful trading journey. Starting with a 6K account, Nayak has already withdrawn his first profit within a short span.
In offering advice to fellow traders, Nayak emphasized patience, self-belief, and psychological resilience. He expressed his aspirations to see FundedNext become a top-tier prop firm in the future.
Here is the Full Interview:
About the Firm
FundedNext is a proprietary trading firm who have been developing for two and a half years before they decided it was the right time to go live. Here are some important facts about the firm:
- Up to 90% profit split
- Profit sharing, even if account is breached
- No restrictions on trading style
- Overnight and weekend holding allowed
- Scaling account option
- Leverage 1:100
- A large variety of trading instruments (forex pairs, commodities, indices)
- No commission costs on indices
- Free trading psychologists