Meet Chiemerie Izueke: A Nigerian Day Trader Journey to Success

Chiemerie Izueke, a passionate day trader from Nigeria, who shared his trading journey, strategies, and valuable advice for aspiring forex traders. His story is a real example of perseverance, discipline, and the importance of risk management in the forex market.

A Year in the Markets

Chiemerie started his trading career on July 21, 2022, which makes him a one-year trader. He was inspired to pursue trading because of the "opportunity that forex offers" and decided to take it seriously as a career.

Overcoming Obstacles

Like many new traders, Chiemerie faced several challenges in the beginning. He mentions, "It is hard for us to get a mentor here in Nigeria", which made self-learning the only option.

Psychology was another major challenge. He admitted that after "losing trade back to back", his psychology would get messed up and sometimes he felt like giving up. But over time, he learned to control his emotions, accepting that "this is the market" and "training myself psychologically" was the key to moving forward.

Now, he considers controlling emotions as the best part of trading.

The Cornerstone of Trading: Risk Management

One of the biggest lessons Chiemerie learned was the importance of risk management. He says,

“Risk management is everything in trading.”

Here’s how he improved it:

• Calculating how much he’s going to lose before entering a trade.
• Determining the percentage of his account he’ll risk per trade.
• Focusing on market conditions and avoiding over-exposing himself.
• Limiting himself to one trade per pair per day to avoid max drawdowns.
• Maintaining a daily loss limit (previously 5% on smaller accounts).
• Placing stop loss below the recent swing low/high before a breakout.
• Following a minimum risk-to-reward ratio of 1:1 or 0.8.

Chiemerie Day Trading Strategy

Chiemerie is a day trader who aims to capture swings in the market. His approach is based on a few clear steps:

• Identifying the overall trend.
• Marking key support and resistance zones.
• Waiting for candle confirmation signals at those levels before entering.
• Using the daily and 4-hour timeframes for identifying trends.
• Looking for additional confirmations like:
  • Commitment of Traders (COT) report
  • Major economic news events
  • Fibonacci retracement levels (focus on 0.618 and 0.382)

Building the Strategy

Chiemerie admits his strategy didn’t come easy:

“At the beginning, it was not funny at all.”

He experienced losses back to back but stayed committed. He made it a habit to note every mistake and learn from them.

Why He Chose FundedNext

Chiemerie chose FundedNext for its trader-friendly features:

• 15% profit share during the trial phase
• Responsive customer support
• Up to 90% profit share once you pass the challenge

He proudly calls them "top best" in terms of service.

Chiemerie’s Message to Traders

To end, Chiemerie shared a powerful message for traders:

• “Take trading as a business.”
• “Train your psychology and leave emotions out of forex trading.”
• “Risk management — that’s forex for you.”
• “Don’t focus on how much you’ll make; focus on how much you won’t lose. That’s the real game.”

Ready to Start Your Prop Firm Trading Journey?

If you’re inspired by Chiemerie’s story and want to try a funded trading account, check out FundedNext. With low spreads, no slippage, and excellent trader support — it’s a great choice for serious traders.

Get Started with FundedNext Now

Source: FundedNext Series – Meet The Trader Episode 16