King of the Micro Trading Survey 2nd

King of the Micro Trading Survey
1. How long have you been trading?
Almost 3 years.
2. How did you start trading?
A friend told me about forex.
3. What are your favorite sources for news and/or your favorite technical indicators?
Forex factory
4. What pair do you prefer to trade? GBP/JPY
5. How long do you typically hold your trades? A few hours
How much time do you spend trading every day? 5 – 6 hrs
6. What was your most successful or memorable trade, and what was your most unsuccessful trade?
My most successful trade happened on a Friday in May where the market moved in my favor and I made good profit. I have a few unsuccessful trades where I lost my entire account.
7. What do you think your greatest weakness is as a trader?
Not being able to control my emotions
8. What one thing did you do or learn that pushed you over the top?
2
Being able to wait patiently on the sidelines.
9. What kind of personality do you think you need to trade forex successfully? Calm personality
10. What do you think about forex vs. equities? Have you traded equities? Why do you trade forex?
I have traded stocks a few times but I prefer forex because its open 24 hrs and I am fully responsible for anything that happens
11. How has trading changed your life? It has made me a more patient person.
12. What advice would you give to a new trader? Don’t give up.