$
0%
30% OFF Sale
+ 100% Profit Split
CODE: FEB30
1-3 Step

Special Offer Details

CODE: FFALL
Applicable to 10k, 50k, 100k and 200k, 2-Step Challenges

Funded Trader Interviews

icon

Harmanjeet Singh Funded Trader Interview Gold Trading Mastery

Meet our trader:
blog-image
icon Funded account
$50,000
icon Secured payout
$2168
icon Gain
+4.34%
Full time trader badge Harmanjeet Singh
Published calendar July 30, 2024

Exclusive funded trader interview: Harmanjeet Singh reveals Funding Frontier strategies, XAUUSD trading tips, and his journey from India to prop firm success. Learn risk management secrets.

 

Meet Harmanjeet Singh, a Funded Trader with Funding Frontier. Discover how Harmanjeet and other traders secured funding and gain insights and tips for a successful trading journey.

Please introduce yourself: Who you are, your age, where you are from, and what you do for a living.

My name is Harmanjeet Singh. I am 24 years old. Originally, I am from India, but I have been residing in Canada for the last six years. I work as a Lead Hand in the Production department.

 

How did you get introduced or start trading?

I had a friend who was doing some stock trading, and I got interested in it as well. After doing some research, I discovered this amazing money-making skill. Although I didn’t get much into stocks, the Forex market caught my eye, so I started learning this skill.

 

Do you have any hobbies and what do you enjoy outside of trading? Do you find that these hobbies etc benefit your trading? Please elaborate

One of my great hobbies is working out and reading books. I have never missed a day of working out. No matter how busy I am, I always find a way to fit in a workout. Staying consistent and focused on my workout routine also helps me stay consistent in trading. Trading requires great focus and patience, and we don’t see instant results as soon as we start. It’s very similar to going to the gym, as it takes a while to start seeing noticeable results. Additionally, I believe that drinking and going to parties can cause me to miss my workouts, so I don’t drink too often. This means I can wake up fresh every morning and stay focused on my trading sessions.

 

What is your trading routine?

Most of the time, I trade from the Pre-New York session to the New York session, which means from 7 AM to 10 AM. I don’t spend the whole day looking at the charts. It’s basically just three hours a day. During those three hours, I aim to take 1-2 trades, and this approach has helped me achieve the results I desire.

 

What are your goals with funded trading?

Since I don’t have a large amount of capital to trade with, I use funded trading so I can focus on risking as little as possible while still making enough money to pay my bills. I now have a $50,000 funded account, which pays me out every 14 days, and my payout usually equals the amount of money that I make at my other job.

 

Do you have a trading plan in place, and do you strictly follow it? Please elaborate

Yes, I have a very strict trading plan in place that I follow.

 

I have a fixed time to trade and don’t usually take trades outside of that window. I have a rule of only taking 1-2 trades a day, which has always helped me to minimize my losses. I always risk 0.5% per day, which is $250 based on my account size, and my risk-to-reward ratio is mostly 1:2. I only take trades according to the 30-minute time frame, which I believe is a high confirmation time frame. The only pair I trade is XAUUSD. It’s very volatile, but I have been monitoring it for the last two years and now feel very comfortable trading gold.

 

How would you describe your trading style?

I like to describe my trading style as less risky and more robotic because I strictly follow my rules like a robot.

 

What was the most challenging obstacle in your trading journey?

The most challenging obstacle I had to overcome was sticking to my trading plan and waiting for my edge to appear. Over the past two years, I often jumped the gun too early or chickened out of a winning trade by taking profits too soon. However, I am now much more confident and wait for the setups I have seen before to appear, and I execute them accordingly.

 

What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts

I found both phases equally challenging. However, I stuck to my plan and, in the end, reached the profit target required to pass each phase. Phase 1 took more time since I had to make $3,750, but I managed to achieve it in 20 trading days.

 

How would you rate your experience with FUNDING FRONTIER?

I have worked with other trading firms, but I found Funding Frontier to be more user-friendly. Whenever I had any issues, I would contact support and typically received a response in less than 4-5 hours. Overall, it’s the best trading prop firm I have ever traded with.

 

What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?

My only advice is to focus strictly on your trading plan. Every trading plan can be successful if you follow it. If you have a losing trade, just call it a day and come back the next day. As a new trader, your biggest enemies are over-risking and over-trading.

 

Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?

Yes, I would definitely take another Funding Frontier Challenge. My goal by the end of this year is to manage at least $300,000 in capital, and I am confident I will achieve that with Funding Frontier.

 

Describe your best trade

So far, my best trade was during the Russia-Ukraine war. When the news broke, the market reacted strongly, and I bought Gold with 5 lots. It turned into a 350-pip trade, and I made $17,500 from it.

 

What is the number one piece of advice you would give to a new trader?

If you’re a new trader, don’t chase money. Focus on taking 1-2 trades a day and wait for your setups to appear. Once you can do that consistently, you’ll find it easier to pass the challenges.

 

How did you first hear about FUNDING FRONTIER?

I learned about Funding Frontier from my mentor, Raja Banks. I was with another trading firm that stopped providing services in Canada, so I inquired about other prop firms I could join. He suggested Funding Frontier, and it has worked out pretty well.

 

Can you describe your risk management plan?

  1. Do not risk more than 0.5% on a single trade.
  2. Avoid looking at time frames lower than 30 minutes.
  3. Trail the stop loss as the next candle starts.

 

This means that if I am in a buy position, the next candle should be making a higher high and higher low. It should not move down and break the low of the previous candle. If that happens, it indicates that the uptrend may be ending, and I should consider exiting the trade.

blur-shape1