Huck's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
Because I have a day job, I can only dedicate a few hours every night to trade. This is why I'm going to stick to swing trading first.
What kind of currency pairs do you trade?
For now, I'm going to focus on the majors, primarily the EURUSD and GBPUSD. I don't feel comfortable trading some of those crosses because the spreads are just crazy!
What motivates you to be a trader?
When I heard about forex trading, I decided to look into it. You see, I work in a coffee shop but the financial world has always interested me. For now, I'm going to be trading on the side, working on my trading at night before I head to sleep.
Using a percentage based on the value of your account, how much do you expect to make per month?
Hopefully I can hit profits of at least 1% per month since I only take 1 or 2 trades per week normally. I do have a reward to risk ratio that is greater than 1:1 so even if I lose some of my trades, hopefully my winners will be bigger than losing trades.
Which timeframe do you use most often?
Because I'm doing swing trading, I will be focusing in mostly on the 1-hour, 4-hour and daily charts.
What trading-related goals do you have?
The FX-Men allowed me to have my very own blog to chronicle my quest to find the way to the promised land - successful Forex trading! I invite you to join me in my journey in coming up with a method or system that works for me in today's harsh market conditions. My goal is to continue to improve in trading and hopefully one day, find a profitable system.
On Friday April 20th, 2012 at 04:20PM 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!!!
On Monday April 23rd, 2012 at 07:12PM by Huck - Like - 0 People
I use XTICK for my charting and CitiFX pro as my live trading broker. I don't recommend anything since as you have to check them out yourself. They're all mostly the same, as long as they are regulated.
On Tuesday April 24th, 2012 at 05:57PM by goloka - Like - 0 People
Thanks so much for the reply! I've been following your trading post for quite a while now. =)
Leave A Comment
Please sign in to comment.