Cyclopip's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
I make it a point to come up with at least one trade per week.
What kind of currency pairs do you trade?
I'll be working with the crosses: EURJPY, GBPJPY, AUDJPY, EURCHF and EURGBP.
What motivates you to be a trader?
I like keeping my one eye on the lesser-known currency crosses, which I find challenging to trade. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders. Just because they're not as widely followed doesn't mean that there aren't any opportunities to keep an EYE out for!
Using a percentage based on the value of your account, how much do you expect to make per month?
My goal is to hit at least 1% profits each week. I think this would be doable since my risk-reward ratio is often 1:1.5 or 1:2.
Which timeframe do you use most often?
Mostly the 1-hour and 4-hour time frames since I'll be coming up with longer term trades.
What trading-related goals do you have?
My goal is to hit at least 1% profits each week. I think this would be doable since my risk-reward ratio is often 1:1.5 or 1:2.
On Saturday September 19th, 2009 at 10:22AM by personalme - Like - 1 Person
On Saturday April 21st, 2012 at 03:20AM by goloka - Like - 0 People
Hello!
Just want to ask what trading platform and fx broker are you currently using and would you recommend? Thanks!!!
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