Please introduce yourself: Who you are, your age, where you are from, and what you do for a living.
My name is Uma Farook Shahul Hameed, and I’m 29 years old and from India. I initially worked a standard 9 to 6 job in Dubai, but five years ago, I embarked on a trading journey. Over time, trading has become my primary source of income.
How did you get introduced or start trading?
I was initially drawn to binary trading through advertisements, viewing it as a way to earn extra income. However, I approached it more like gambling and didn’t manage losses effectively. Despite these setbacks, I remained committed to learning more about trading, which led me to where I am today.
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
I enjoy traveling to new destinations, spending time with friends and family, watching movies, and playing games. These activities help me unwind and provide a mental break from trading. By finding peace and relaxation outside of trading, I maintain better focus and clarity when I am trading.
What is your trading routine?
Before the London market opens each day, I review charts to identify key levels, examine economic events, and assess biases for the day. I only execute trades if all factors align with my confluence criteria; otherwise, I refrain from trading. To avoid overtrading, I limit my time spent analyzing charts.
What are your goals with funded trading?
My primary goal is to secure substantial funding to achieve financial independence and to develop discipline in my trading practice.
Do you have a trading plan in place, and do you strictly follow it? Please elaborate
Every Sunday, I create a trading plan for the upcoming week by analyzing charts and considering economic events. I set targets for both profit and loss for the week. I strictly adhere to the principle that it’s better to avoid a trade than to incur a loss.
How would you describe your trading style?
My trading style is methodical and disciplined. I maintain a balanced approach, set clear profit and loss targets, and follow predefined rules to manage risk. Patience and restraint are crucial, and I only execute trades when all criteria meet my strategy.
What was the most challenging obstacle in your trading journey?
The biggest challenge has been managing my emotions, especially when facing losses and resisting the temptation to overtrade. I’ve also struggled with closing profitable positions prematurely instead of letting them reach their intended targets. These challenges have been significant obstacles in my trading journey.
What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts
In my experience, both phases were similar because there was no time limit for reaching the profit target during the challenge phase.
How would you rate your experience with FUNDING FRONTIER?
My experience with Funding Frontier has been positive. Their customer support has been responsive, and the withdrawal process is efficient with reasonable processing times.
What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
Manage your risk wisely and stay disciplined. Stick to your trading plan and strategy, as consistency is crucial for success.
Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Yes, I plan to take on a $200,000 account and more in the future.
Describe your best trade
My best trade was the one that allowed me to successfully complete the challenge.
What is the number one piece of advice you would give to a new trader?
New traders should understand that trading is not a get-rich-quick scheme; it requires time and patience to succeed. Simplify your trading strategy but practice it diligently. Prioritize risk management to protect your capital.
How did you first hear about FUNDING FRONTIER?
I was recommended by a friend.
Can you describe your risk management plan?
I limit my losses to 0.50% per trade. In exceptional setups with strong confluences, I might risk up to 1%. I only take trades with a minimum risk-to-reward ratio of 1:2; otherwise, I avoid that setup.