Forex_Nation's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
Add to that managing a website that you update daily and you have about 10 to 12 hours a day, Monday through Friday. With the website I am busy on Saturday and Sunday's too. Obviously it's a passion for me so the time flies.
What kind of currency pairs do you trade?
Only the EUR/USD.
What motivates you to be a trader?
If I said anything besides money first I'd be a liar. The second motive is that it's my passion and not my job. A job leaves you Just Over Broke, a passion is what you live to do. Forex involves everything I need to never get bored and always feel challenged, not to mention that I am my own boss. Lastly I enjoy mentoring other newbie traders towards the exact same goals through websites like these and my own.
Using a percentage based on the value of your account, how much do you expect to make per month?
I expect to be able to earn back 10% of my overall capitol which remains the same month to month and the 10% gets withdrawn at the end of the month from the account. If 10% is not reached, I still maintain the original amount of capitol to trade with for the next week, even if that mean adding funds. So far that's happened once in the last year where I had to add funds, otherwise I have made some sort of return on my overall capitol averaging 10% a month.
Which timeframe do you use most often?
Hourly and 15 minute.
What trading-related goals do you have?
My goal is to always acheive at least 10 % return on my overall capital per month. Anything beyond that is bonus.
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