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Creator
Jay Molina -
Printed
August 22, 2011 -
Phrase depend
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When preparing to trade in the currency markets, I follow my daily routine to become a better trader. This consistency enhances my trading efficiency.
Here’s a checklist for Forex traders to improve success and organization:
1. Check Open Trades: Start by reviewing your open positions and their performance.
Consider adjusting stop losses to break even or taking profits early due to upcoming events.
2. Analyze Before Trading: Always research the market before entering new trades. Being in a trade can cloud judgment.
3. Stay Updated with News: Use a news calendar to stay informed about important economic events that can impact your trades.
4. Confirm Risk Management: Regularly check your risk, stop loss, and take profit settings. Minor errors can lead to major losses.
5. Handle Mistakes Quickly: If you make an erroneous trade, close it immediately to prevent larger losses.
I hope you find these Forex tips helpful. Come back for more updates!
To your trading success,
Jay Molina
Professional Forex Trader & Advisor
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