Daily Routine You Must Follow, Before Trade, During Trade & After Trade.

[Victoryindia]

I have not incorporated the news analysis yet in my trading and there is a big chance I might be one of it's causalities when it happened. I just don't want to thread when there is news because I don't know how to respond to it. Maybe it's about time to include it in my trades, the thing to watch out for before trading.

for me also its very difficult to play on news time it is more dangerious for us to get loss or margin call ......abhi tak mai news ko think se samaj hi nahi pata

[akshayfuriya]

although it sounds dangerous I also long to use stop loss trading career I rarely use it Will Because RELY more on discipline to cut loss Pls using an analysis of and that is the fact

[netra]

I have not incorporated the news analysis yet in my trading and there is a big chance I might be one of it's causalities when it happened. I just don't want to thread when there is news because I don't know how to respond to it. Maybe it's about time to include it in my trades, the thing to watch out for before trading.

[anubhavsingh]

But some news have impact and again that same news some haven't impact on forex.
We have few main news and am expecting right on time

har news ka alag alag impact hota hai pairs pe
kuch news bahut zada volatile kar deti hai amrket ko jabki kuch news bahut hi kam volatile banati hai
forex market me news ka bahut role hota hai..isliye traders ko news pe dhyaan dete hue trading klarni chahaiye

[denira]

ya setting stop loss and cut profit is very essential because setting stop loss will help you from suffering large amount of loss

most of traders use stop loss include I personally use a stop loss as this to keep the movement as a sudden we can not expect a lot of taps that move the markets affect the market we do not know

[sachin]

1.) Learn to always include the spread of whatever pair you are trading on in your stop-loss
2.) On your Chart mark out the time of release of all high impact news, on all currency pair that include the pair in which the news is to be released.
3.) If trading the lower time frames; ALWAYS EXIT ALL TRADE AT THE TIME OF RELEASE OF SUCH NEWS.
4.) Follow your trading rules strictly.
5.) During Candlestick formation; always join the trend either at a price higher or lower than the closing price of the current candle stick ''as the trend maybe''. Irrespective of whatever time frame you are on.
6.) Never take side during trading, you are here only to make profit so always trade in the direction of the current trend.
7.) Always go through your chart at the end of the day, the week and the month.

But some news have impact and again that same news some haven't impact on forex.
We have few main news and am expecting right on time

[jai]

Your first point says it all. The news must be respected and listened to on a daily basis. People ignore the use and consult only technical analysis when they trade and they are usually slaughtered by major news events.

[sanjeev]

The news is the number one thing that we are supposed to check in our trading day. It tells us where the market is and the new events(breaking) news as they come into the market. This will help us to decide on which pair to trade and also show us which already open trade we are supposed to close whether we are losing or winning

[Jazpa]

1.) Learn to always include the spread of whatever pair you are trading on in your stop-loss
2.) On your Chart mark out the time of release of all high impact news, on all currency pair that include the pair in which the news is to be released.
3.) If trading the lower time frames; ALWAYS EXIT ALL TRADE AT THE TIME OF RELEASE OF SUCH NEWS.
4.) Follow your trading rules strictly.
5.) During Candlestick formation; always join the trend either at a price higher or lower than the closing price of the current candle stick ''as the trend maybe''. Irrespective of whatever time frame you are on.
6.) Never take side during trading, you are here only to make profit so always trade in the direction of the current trend.
7.) Always go through your chart at the end of the day, the week and the month.

Well, I really appreciate your points. They are extremely good. If one trader makes good use of above points, then it will not take long for him/her to become one of the successful traders in this forex business.

[nsawork]

the points given in the thread are very good and must be followed. we have to develop a habit to watching out for the high level news and making a set of steps to follow before we think of trading.
it is really important to stay disciplined in trading, it will make way for profits

All traders have been advised that follow the rules and stick to the fundamentals, do not take the risks and trade with caution. Yet how many of them do actually follow them and that is the reason many suffer loss either in the starting or after they have made some profits.

It is only when they understand and look for the mistakes they become good as well as profitable traders.