Welcome to our latest installment of the Profit Target Success video interviews. Here, look at the insights and experiences of our top traders, looking at where they started and where they’re today. In this post, we will share highlights from our latest interview with Ramon, who has graciously agreed to share his trading secrets and philosophy. Prepare to learn valuable knowledge as we look at his trading approach.
(Trade movements on multiple graphs)
Today, our blog post is on Ramon from the Dominican Republic, who started trading forex in 2009. However, while he may have gotten an interest this early on, it wasn’t until nine years later (2018) that he became serious about it.
For him, the journey has not been easy, as trading in his home country isn’t as widespread as it is in other places. This has meant that he has had to work twice as hard as other traders to access the information he needs to make informed trades.
Despite the success that he has attained since getting into trading, Ramon remains humble about his accomplishments, insisting that he is still learning. He notes that:
“Being focused and understanding the importance of being patient has enabled me to make consistent profits in my trades. “
On the same breadth, it’s important to note that he only got started trading forex full-time after spending time with his cousin. From their interactions, he learned how to trade stocks and forex, paving the way for him to become the trader he is today.
He notes that:
“It takes different forex traders a different length of time to study strategy formulation and become constantly profitable. For some, it takes a short time, and for others, it takes a longer time. Therefore, don’t become discouraged as your learning curve isn’t the same as that of your fellow traders.”
On matters related to strategy, Ramon is on record stating that he has been trying to keep things as simple as possible. It’s a strategy that can work for beginner traders who have the misconception that forex trading needs to be complicated and characterized by lots of technical indicators.
If anything, keeping your trading strategy as simple as you possibly can means you don’t have to worry about staying abreast of the macro events happening around you!
His favorite trading pairs are the USD vs. GBP and the Euro vs USD. However, he is quick to note that he has also been following the JPY, as it allows him to trade in different time zones. Limiting the assets he trades has proven beneficial as it lets him focus on a single market at a time. As experience has taught him, trying to trade multiple assets at a go can prove confusing.
We trust that you’ve enjoyed our summary of the profit target video interview we had with Ramon, a top trader at Audacity Capital. To learn even more and get insights into his trading strategy, which is full of practical advice, make sure to watch the full video here.
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