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

[Morshedul]

Great advices i have ever found. I really thank you for your advices. But there are some things you have forgotten to say that are patient, greed and emotions. You will always have to be patient while you are trading. Control your greed and emotions before trading. Or else you will lose money for sure. It is better to practice demo account for gathering experiences.

[vikas]

perfect 7 points stated for newbies like me.......thanx a lot......and also not to conclude the frustration and upsetting stuff when we loose........so controlling of emotions will also be one

[pooja]

I did not catch you,
if we are already locked position, wherever the price goes, our losses will not increase or decrease.
My strategy is to determine the area snr, a region that is usually the price bounces.

[ishvara]

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.

We as forex traders will always try our best to perform a check on our news sites in order to be able to know the news that is in the market and the one that will still be released into the forex markets.

[lgarhboularbah]

yes you are right brother you give us the best reason for the success at our trading and the importan thing that i think is good for us is to follow just one strategy from my experiement on forex market i think that the best way to get profit is to trade just with one strategy its true that we can not find any profit at first but we will be do next

[nilesh]

Thanks for searing very informative points for trading. I am new trader and doing practice on demo account nowadays. I will use these information in my trades in future.

[shinde]

Great ! very impressive and informative thread. This will be very helpful advice for a newbie. Some more things are there that should be keep in mind and that are:- Follow money management rules, control the emotions and always do your own analysis.

[alam]

Locking system is the same thing as hedging. If you are not experienced in the resource of hedging, then it can be quite bad for your trades. You will need to know precisely when the prevailing trend has stopped so that you can effectively unlock the hedge and watch the profits roll in.

[nilesh]

ji bohot say traders may nay khud aesay daykhain hain jo waisay to kari achi trading ker laytay hain, laykin new per dihaan na daynay ki waja say wo maar kha jaatay hain or loss ker bhaythtay hain.

[sonia]

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.

i am 100% agree with you. these are the syntoms of a discipline trader. and we find rarely a discipline trader loose their money. so, we have to be disciplined enough to become successful.happy trading