kouball's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
I am currently a full time student but I hope that with a laptop and palm, I can manage and trade in between classes. This is the main reason I considered a smaller investment to start out with as I cannot commit 100% to trading.
What kind of currency pairs do you trade?
As a beginner, I would like to stick to the London and New York market and will be mainly focusing on the EURO/USD pair. I would like to have a strong feel for that particular pair in how it responds to different economic indicators before I start trading other pairs. Also I will be applying technical indicators to the four majors and make predictions to determine how accurate I am with reading and placing indicators. I will however only make trades specifically with the EURO/USD.
What motivates you to be a trader?
The potential of the additional income that comes with successful trading.
Using a percentage based on the value of your account, how much do you expect to make per month?
I am still in the learning phase and absorbing and developing my trading system. Once I have completed my trading system and seen its capabilities, I will then have a definite answer.
Which timeframe do you use most often?
1min, 15min, 1hr, daily. Mostly focusing on the 15min and 1hr time frame.
What trading-related goals do you have?
I am currently demoing an account to test what I have learned so far and get a feel for the EUR/USD market. As of right now, I only have a general understanding of the purpose and use of the indicators available. Therefore one of my goals is to learn how to use these indicators accurately as possible. My trading strategy is incomplete at the moment so with the demo account, I would like to accomplish that goal.
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