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

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......

it is really a very good information as well all 7 day points are very well said.
if a newbie or good trader follow this than he/she can easily earn from forex.

you are right i am agree with all what you said us i think tht when all the trader read this rules beleive me they never lost for example when you see that the trend will go up you should never sell enter just with the bying etc and you should also keep in your strategy and dont change it at all

before i trade in any way in the forex market first i get to see if twhat i am doing or am trading is right but first cheking the what is really there in the market whatis the best pair i can trade.

Quote:

---

Originally Posted by soumen

great thread for newbie. you are right and you point is good. I want to add that before trading fresh your mind . and always control emotion. take a brake after a doing some failure or success trade. and read the market news daily.

---

That is some figure to chew on. Forex is the commonly used term for foreign exchange. As a person who wants to invest in the forex market, one should understand the basics of how this currency market operates. Forex can be made easier for beginners to understand it and here's how.

Quote:

---

Originally Posted by Victoryindia

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.

---

Thanks for all those tips and i think this are a lot useful things the traders usually forgets and they leave the basics of trading and try to learn some advance techniques but they don't know that without basics they will not execute advanced techniques perfectly.

your first point says it all.the information must be well known and heard on a regular basis.people neglect the use and seek advice from only technological research when they trade and they are usually killed by major information activities.

Aik trader ko achay analysis ki zarorat to hoti hay mara bhai aur us kay baad aap ko achay risks kay saath trade karna hay in donon kamoon ko theek trah say kar lany sya aap ko achy results mil sakty hain.

I think forex is a good job.great thread for newbie. you are right and you point is good. I want to add that before trading fresh your mind . and always control emotion. take a brake after a doing some failure or success trade. and read the market news daily.Best of luck.....................

daily we create dedication in order to firmly stick to almost all investing guidelines which seems arranged. which cause me to feel decrease the unfavorable feelings inside my investing. even though some period it can challenging do not create open up place once the companies are within large tendency.