What to do before, during and after a trade
Trading is all about who you are? It is very indicative of you as a person and indicates the basic characters in you. It’s about knowing yourself, knowing to take decisions and to stop when required. You can always change, learn and know what to do before, during and after a trade.
There are few tips that you can learn from, and be prepared mentally.
What should you do before a trade?
Before you start the trade, you need to prepare for the trade. Mentally you need to understand the risks and know that losses may occur. The right mindset needs to be attained before the trade. Use forex technical analysis and forex news to understand the positions. Calculate the logical stop loss placement. Here again be careful do not overestimate, the stop loss needs to be strategically placed. Another point you need to accept is that the trade will take time. Do not sit and watch every slight fluctuation, it would only
What should you do during the trade? lead to premature uncertainty and incorrect decisions.
If you have prepared and done your research, and set predefined levels on when to react, then only when the market reaches that point should you react. Ignore the slight fluctuations. Make a routine, a frequency to check on your trades. Wait for the whole scene to play out. Do not make hasty decisions based on sudden variation seen. Keep a tab on the forex news and the
About the Author
Integrate fx provides real time Forex news and analysis at the highest level while making it understand for less-experienced traders. We are working hard daily to bring you the best news that can impact FX markets. Our news events finding the right way of trading strategy that meets the requirements of traders around the world.
Submitted on: 2016-09-13 22:38:38