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

[realfun07]

Thanks a lot for such a informative thread.It is very important to include spread in your Stop Loss as most of the traders do not calculated the difference in ask and bid price in Stop Loss.SO they do not sometimes come to know about extra 2 - 3 pips which are lost too with every trade lost.

Also while trading with the news one must know the impact a news will have on the market before trading.So if they are not sure they should stay away from trading and wait for the market to take its course before trading.

[Ganesh]

I ttrading from Monday to Friday, I had to make a critical analysis and discipline with my own strategy, I also trading on Friday

roj trade karna koi buri baat nahi hai par over trade karna bura hai, aur jab aap friday ko bhi trade karte ho toh usi din close kar doh toh acha hai kyuki apko guarantee nahi rehti ki monday se apki position sustain rahegi ya for gir jayegi, aur itna trade karne ke badh thoda brake bhi lena acha hai to freshen up and cool the mind

[anubhavsingh]

setting SL and cut profit is good too. and for me i prefer not to trade on friday. because i always end up MC in this day. and why is friday always lost?

pehle me bina sl set kiye hue trading karta tha lekin fir maien realise kiya ki jo meri deals abhi -200$ dikjha rahi ahi..agar unme maine sl set kiya hota to wo kabki -20 pe kat gayi hoti aur baki bachi equity se me na jane kitni bar tarde kar chuka hota
starting me trades sl pe vishwas nahi karte lekin time ke sath unhe sl ki importance ka pata chal jata haj

[venkiaries61]

setting SL and cut profit is good too. and for me i prefer not to trade on friday. because i always end up MC in this day. and why is friday always lost?

No, i wont agree with you. go with trend and also follow money management to avoid margin call. this is one example as your are new here. I choose a lot size by divide 1000 by fund value.

[tegardp]

setting SL and cut profit is good too. and for me i prefer not to trade on friday. because i always end up MC in this day. and why is friday always lost?

[anubhavsingh]

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.

ye sba baatien bahut hi zaruri hai forex trading ke liye
har tarder ko ye sab follow karni chaahiye aur specially new tarders ko..kyunki new trares josh me hosh kho dete hai aur bina analysis ke jaldi me galat deals kholte hai jo ki unke account ke liye bahut harmful hoti hai

[siddesh]

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.

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.

[anubhavsingh]

yes it is. humare forum me jo kuch post he sab useful he. yaha new trader bahut kuch sikh payega. aur aisa post se hi bahut kuch sikha ja sakta he.

is forum me naye aur purane dono type ke traders hai
naye traders apne views share karte hai aur apne analysis likhte hai
fir experianced trader unhe suggest karte hai ki unki strategies me kya kami hai aur kya improvement ki zarurat hai

[Ganesh]

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

[anubhavsingh]

locking is indeed true that the best way to avoid losses and we
I had to do locking with a distance of 30 pips, but increasingly greater distances and loss that I got too big
Do you have any tips to unlock?

apni deal ko lock karna ek bahut hi faydemand tarika hai forex tarding me
deal ko locjk karne ka matlab hotah ai ki sl aur tp et karna
support aur resiatnace value ke hisab se set kiya hua sl aur tp aapke liye bahut hi faydemand hioga