Steps that must take before or after trading...newbies just look out it.

[pinpin]

Steps that must take before or after trading...newbies just look out it

1.) view all news to be released for the day and time of release.
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.
8.) Learn to always include the spread of whatever pair you are trading on in your stop-loss.
9.) As far as your analysis/forecast in the lower time frames are in the same direction with the current trend indicated by the stochastic on the 4-Hour chart

of 9 rules that the number 4 was very difficult to run
sometimes we still follow the emotions, and high discipline required to follow the rules
and it can not be quickly.
takes time and practice

[soumen]

for me point number 4 is hard. sometime i ussulay broke my trading rules, i broke it after get big loss.

main bhi kuch samay rules follow nehi kar pata hoon. aur greed and money management se paresan ho jata hoon. isliye loss bhi ho jata he. isliye ek accha trader hone ke liye in sab ko follow karna jaruri hei. main ji tor kosish kar raha hoon abhi.

[denira]

LOL dude. we know its hard to stick to even what we decided to do, forget about others. this is a sign of inexperience and we have to overcome it quickly if we want to progress ahead. and with consistently trading this will be over soon

indeed very true what you say when we make a mistake we should be to correct those mistakes and not repeat it again

[mayengbam]

for me point number 4 is hard. sometime i ussulay broke my trading rules, i broke it after get big loss.

LOL dude. we know its hard to stick to even what we decided to do, forget about others. this is a sign of inexperience and we have to overcome it quickly if we want to progress ahead. and with consistently trading this will be over soon

[pivot-trader]

1.) view all news to be released for the day and time of release.
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.
8.) Learn to always include the spread of whatever pair you are trading on in your stop-loss.
9.) As far as your analysis/forecast in the lower time frames are in the same direction with the current trend indicated by the stochastic on the 4-Hour chart

for me point number 4 is hard. sometime i ussulay broke my trading rules, i broke it after get big loss.

[denira]

this thread is a good knowledge for newbies.actually even this thread is important fir me also. the news is a big factor for pair. the new is very effective for forex news. yes on that time you should close the trde if you are using m15 or lower time frame.

otherwise afford or have the ability to perform better anlisa news we watch and wait how the market response to the news as we could have one in the positioning of trade and result on our account Patal

[denira]

this thread is a good knowledge for newbies.actually even this thread is important fir me also. the news is a big factor for pair. the new is very effective for forex news. yes on that time you should close the trde if you are using m15 or lower time frame.

otherwise afford or have the ability to perform better anlisa news we watch and wait how the market response to the news as we could have one in the positioning of trade and result on our account Patal

[mayengbam]

1.) view all news to be released for the day and time of release.
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.
8.) Learn to always include the spread of whatever pair you are trading on in your stop-loss.
9.) As far as your analysis/forecast in the lower time frames are in the same direction with the current trend indicated by the stochastic on the 4-Hour chart

Its indeed a very good post buddy, and i feel it would be even better if you explain or suggest tips/methods on each of the points that you have given. And i believe it will be a very helpful guide for the newbies

[soumen]

this thread is a good knowledge for newbies.actually even this thread is important fir me also. the news is a big factor for pair. the new is very effective for forex news. yes on that time you should close the trde if you are using m15 or lower time frame.

[Victoryindia]

thanks dude.....will post more information for new bies like this that should be help something for newbie if they follow little bit of this kind of information .....