What to do before trading ?

[yakhsya]

and we also have to be clever when decide to trade. that means we have to know the detail and the circumtances of the field which lead to successful trading

[dwik]

I think every trader should be prepared mentally and follow the trading rules that have been made​​.
so traders prepared mentally and know the risks are acceptable

[forex4earn]

I agree with you all. trade with using technical analysis so check you indicator signal and trade better place. then need wait better exit point. and always use stop loss for risk trade. that before you check your chart time frame. and wait for entry and exit.

[ishvara]

I make a competent analysis at the times that i am trading forex before i open any trades. The forex is a business that we traders need to be a part of through having knowledge to pass analysis in it

[himon]

i do two thing before entry into market one is follow news and other is analysis my chart and make prediction for entry into market. this helps us to avoid loss and not to join negative trend in forex currency trading.

[landsky]

Top 4 Things Successful Forex Traders Do

Leg No. 1 - Approach
Before you start to trade, recognize the value of proper preparation. The first step is to align your personal goals and temperament with the instruments and markets that you can comfortably relate to. For example, if you know something about retailing, then look to trade retail stocks rather than oil futures, about which you may know nothing. Begin by assessing the following three components.

Time Frame
The time frame indicates the type of trading that is appropriate for your temperament. Trading off a five-minute chart suggests that you are more comfortable being in a position without the exposure to overnight risk. On the other hand, choosing weekly charts indicates a comfort with overnight risk and a willingness to see some days go contrary to your position.


Leg No. 2 - Attitude
Attitude in trading means ensuring that you develop your mindset to reflect the following four attributes:

Learn to trade Forex with FXCM�s Free Trading Guide
Patience
Once you know what to expect from your system, have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. If your system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity. There will always be another trade. In other words, don't chase the bus after it has left the terminal; wait for the next bus.

Leg No. 3 - Discrimination
Different instruments trade differently depending on who the major players are and why they are trading that particular instrument. Hedge funds are motivated differently than mutual funds. Large banks that are trading the spot currency market in specific currencies usually have a different objective than currency traders buying or selling futures contracts. If you can determine what motivates the large players then you can often piggyback them and profit accordingly.

Alignment
Pick a few currencies, stocks or commodities and chart them all in a variety of time frames. Then apply your particular methodology to all of them and see which time frame and which instrument is most responsive to your system. This is how you discover a "personality" match for your system. Repeat this exercise regularly to adapt to changing market conditions.

Leg No. 4 - Management (Implementation)
Since there is no such thing as only profitable trades, no system will trigger a 100% sure thing. Even a profitable system, say with a 65% profit to loss ratio, still has 35% losing trades. Therefore, the art of profitability is in the management and execution of the trade.

Risk Control
In the end, successful trading is all about risk control. Take losses quickly and often, if necessary. Try to get your trade in the correct direction right out of the gate. If it backs off, cut out and try again. Often, it is on the second or third attempt that your trade will move immediately in the right direction. This practice requires patience and discipline, but when you get the direction right, you can trail your stops and usually be profitable at best, or break even at worst.

If you interest for details read I have read here and it was useful for me
http://www.investopedia.com/articles...attributes.asp

[Ahmadjan]

Forex main kam kerny k lie sab se pehll trading ki stuies kerni chaye or jo bhi trader sari studies karne ke bad trading karta hai sse forex me sabse zada fayda hota hai aur mujhe lagta hai ki har trader ko market ko samjhna chahaiey aur market ke hisab se hi trading karni chahaiye tak us ko nuqasan na ho.

[nayeem01715]

I won't come to feel like wondering specialists about how precisely precisely some is going to behave within coming days. although of course you're right you should find out about the particular technological as well as standard skills of an couple prior to start out investing it..

[Andra TL]

and because i trade with using technical analysis as my best method then i check all time frames, chart and also indicators to help me to make analysis for my trading
this is important for to do for me to get the best result and trade with safely
and agree with you if the trader do not make analysis or read the news to know the market condition with real then they just make gamble for their trading

[gretos]

What to do before trading ?

Before you start trading any currency pair, you should very well know about its fundamental and technical aspects.

I agree with you, when we want to trade, we can see from the aspect of technical and fundamental developments that we observe is not wrong to take a position in trading, so, I also have one and often wrong in trading because just look at technical aspects of the course, and when the price significant move that probably could have been affected by such a fundamental aspect of a nation's economic condition report, for example, unemployment rose in the U.S. that affect the USD