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タグ・フィルター:  Practice
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DAY 2 - TRADER'S PRACTICE

Success is a few simple disciplines, practiced every day; while failure is simply a few errors in judgment, repeated every day. —Jim Rohn
What is a trader's practice?
For the active trader, it's studying the previous day's trading, replaying markets, identifying best and worst trades, and cementing lessons learned.
It's also seeing how the coming day is setting up across markets and in pre-market trade, developing what-if scenarios for trade ideas, and rehearsing the day's goals.
By the end o…
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DAY 16 - IMPROVE YOUR EDGE BY PRACTICE

In this ever challenging forex market, it is important for a trader to constantly fine tune your edge. One way of doing it is to keep studying the previous day's trading, replaying markets, identifying best and worst trades, and cementing lessons learned.
It's also seeing how the coming day is setting up across markets in different sessions, developing what-if scenarios for trade ideas, and rehearsing the day's goals.
By the end of the week, the prepared trader has five days of experience. The…
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Constant Review, Analysis, Practice

Practice, Practice and more Practice. With the dynamic nature of this market, our interpretation of the market can change each day. In recent days, a few of my analyses of some pairs have been changed when I realized that there was something that was missed or another way of looking at the same patterns. This is why I always clean my charts each day to start over a fresh. Sometimes within the first few seconds I will see something different that leads me to a different conclusion.
Supporting th…
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