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Creator
Jay Molina -
Printed
August 22, 2011 -
Phrase depend
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I follow a routine before trading to stay organized and efficient. Here are some key tips for Forex traders:
1. Check Open Trades: Always review your current trades to assess their performance.
2. Move Stop Loss: Adjust stop losses to break even when needed to avoid losses during events.
3. Market Analysis: Always analyze the market before making new trades to avoid poor decisions.
4. Stay Informed: Use an economic calendar to keep track of impactful events in the forex market.
5. Review Risk Settings: Regularly check your risk management and profit-taking levels to avoid costly mistakes.
6. Avoid Big Losses: If you make a mistake in a trade, close it immediately to prevent further losses.
I hope you find these tips helpful! Follow us for more trading advice.
To your trading success,
Jay Molina
Professional Forex Trader & Adviser
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