ronacoba's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
I can dedicate around 4 to 5 hours per day to the various requirements of trading and managing my trading system.
What kind of currency pairs do you trade?
I usually like trading the majors and the Yen crosses. I like to trade the Yen crosses because aside from profiting through capital gains, you can also profit from the currencies' interest rate differential, given the Yen's almost zero rate.
What motivates you to be a trader?
Trading the forex market offers a bigger potential to profit than say, just leaving your money in a time deposit or mutual funds. Given the right trading plan and strategy, I can gain a bigger profit at a relatively faster period.
Using a percentage based on the value of your account, how much do you expect to make per month?
Like I said, I wish to gain at least 1% (cumulative) of my account balance per month.
Which timeframe do you use most often?
I'm more of a intraday trader since I usually just keep my trades open for about 3 to 8 hours max per day. The time frame that I use given this is 1-hour.
What trading-related goals do you have?
I'd like to understand better how the prices get affected by fundamental events which can help me achieve my minimum profit goal. I wish to be able to cumulatively gain at least 1% of my account per month.
On Tuesday January 19th, 2010 at 07:49PM by freecapital - Like - 0 People
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