#2: What Traders Are Doing in Their Trading
Do traders aim for a higher win rate, or a higher risk reward (bigger winners)?
64% of traders aim for higher win rate trades.
What do traders plan to study and focus on in the coming months? 43% of traders plan on improving their trade rules and plan, with 30% looking to find better trade entries.
On ‘average’ how many trades do traders make each month?41% of traders make 9-20 trades per month.
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35% make 4-8 trades per month and 14% make over 30 trades per month.
How many strategies have traders tested – including; price action, indicators, bots/EA’S?26% of traders have tested 6 or more, whilst a further 38% have tested 3 or more.
What time frames do traders make their trades on? (NOTE: Multiple choice question asking all time frames used).
66% of traders use the daily charts whilst 48% use the 1 hour charts.
In the last 12 months what have traders purchased to help speed up their learning time in the markets?47% have not bought anything to help their trading (including books or trade testers).
53% have purchased either courses, books or strategy testers.
During the trading week where do traders spend most of their time online?50% of traders spend their time online reading lessons and watching videos, whilst 8% are part of a group or tribe.
How many hours per day do traders spend with their charts and trading?
45% of traders spend 1-2 hours a day trading, whilst 14% spend 6 hours or more.