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Creator
Jay Molina -
Printed
August 22, 2011 -
Phrase depend
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When preparing to trade the forex markets, I follow my daily routine. This helps me stay focused and efficient as a trader.
Here’s a checklist every Forex trader should use for better success and organization:
1. Check open trades: Always start by reviewing all your active trades and their performance.
2. Move stop losses or secure profits: If necessary, adjust your stop losses or take profits early, especially before key events.
3. Research the market: Avoid trading without first analyzing the market as it helps prevent poor decisions.
4. Stay updated with economic news: Use a news calendar to keep track of significant events affecting the forex market.
5. Review risk management: Double-check your risk levels, take-profit, and stop-loss settings to avoid costly mistakes.
6. Address mistakes quickly: If you make a trading error, close the position immediately to prevent a small mistake from becoming a large loss.
I hope you found these Forex trading tips useful. Visit often for more updates!
To your trading success,
Jay Molina
Professional Forex Trader & Advisor
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