Wayne McDonell is a professional Forex trader with an entrepreneurial spirit. He coaches new forex traders at FXBootcamp.com and conducts webinars at various forex-related websites. Here we talk about how he trades the EUR/USD around "Non-Farm Payrolls" announcements, what timeframes he looks at for trading opportunities, and how he sets his stops and profit targets. We also discuss how to determine how much to risk with each trade and why standardizing that across every trade is a good idea.

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Tim Bourquin is the co-Founder of the Online Trading Expo and the Forex Trading Expo and CEO of TNC New Media, a tradeshow and online media company.  Click here for details and to register for TraderInterviews.com LIVE!